About Wealthsimple
Wealthsimple Trade is Canada’s defining zero-commission brokerage, engineered to remove friction for everyday investors. Offering a beautifully designed, mobile-first experience, it provides absolutely zero-fee trading on thousands of Canadian and US stocks and ETFs. Standout features include fractional share trading, instant deposits, and seamless integration with Wealthsimple’s broader financial ecosystem (Cash, Crypto, and Tax). While it foregoes the highly complex charting tools favored by day traders, it remains the undisputed champion for beginners, passive investors, and those focused on long-term wealth accumulation through accessible, low-cost investing.
The Good
- CIRO & CIPF Regulated Dealer
- $0 Commissions on thousands of CAD & US stocks
- Fractional trading for as little as $1
- Instant deposits up to $50,000 for all users
The Bad
- 1.5% FX fee on US trades (unless paying $10/mo)
- No support for Mutual Funds, GICs, or Bonds
- Customer support is primarily digital/automated
Fee Structure
Updated 2026| Fee Type | Details | Cost |
|---|---|---|
|
Stock Trade Commission
|
Commission-free Canadian and US stock trades.
|
Free |
|
ETF Buy Commission
|
Commission-free ETF Purchases.
|
Free |
|
ETF Sell Commission
|
Commission-free ETF Sales.
|
Free |
|
Options Commission
|
Canada's only completely free options platform. $0 base commissions and $0 contract fees.
|
Free |
|
Registered Account Fee (Annual)
|
No annual fees for registered accounts.
|
Free |
|
Transfer Out Fee
|
No transfer out fees (Wealthsimple covers transfers IN, and does not charge to transfer OUT).
|
Free |
|
FX Conversion Fee / Spread
|
1.5% currency conversion fee applied to CAD/USD conversions.
|
1.50% |
|
Subscription Fee
|
Optional $10/month subscription for USD Accounts to avoid per-trade FX fees (Waived for Premium/Generation clients).
|
$10.00 |
|
Inactivity / Low Balance Fee
|
No inactivity fees
|
Free |
Key Features
Fractional Shares
Buy slices of expensive stocks or ETFs with as little as $1, making it incredibly easy to diversify a small portfolio.
U.S. Dollar (USD) Accounts
Hold US dollars natively in your account to avoid paying punishing currency conversion fees every time you trade US stocks.
Options Trading
Trade options contracts to hedge your portfolio, generate income, or speculate on future price movements.
Cryptocurrency Trading
Buy, sell, and hold popular digital assets like Bitcoin and Ethereum directly alongside your traditional investments.
Mobile App (iOS & Android)
Manage your portfolio, execute trades, and monitor the markets on the go with a fully-featured mobile application.
CIPF Protected
Your account is safeguarded by the Canadian Investor Protection Fund (CIPF) against the insolvency of the brokerage.
Best for Beginners
Highly recommended for novice investors due to its intuitive interface, rich educational resources, and simplified onboarding.
Discount Broker
A highly cost-effective platform that significantly undercuts traditional bank fees, keeping your trading expenses to a minimum.
Extended Hours Trading
Trade before the market opens and after it closes, allowing you to react instantly to breaking news and earnings reports.
Margin Trading
Borrow money against your existing portfolio to increase your buying power and potentially amplify your returns.
No Inactivity Fee
You will not be charged any recurring penalties or maintenance fees for simply holding your investments without trading.
CIRO Member
RateBuddy Verdict
undefined stands out for its accessibility to new investors. With competitive pricing and a solid reputation backed by Wealthsimple, it remains a top contender in the Canadian market.