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WealthSimple Trade with $0 min and $0 commission (Early Access)

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Just got an email from WealthSimple they have an Early access to their new stock trade platform, WealthSimple Trade, with $0 trade commission and no min balance.

Simple, $0 fee stock trading for Canadians

  • Wealthsimple Trade is a stock-trading service that lets you buy and sell stocks and exchange-traded funds (ETFs) through a simple mobile app, with $0 commissions and no account minimums.

Join Waitlist ?

 

    • What is Wealthsimple Trade

      Wealthsimple Trade is a stock-trading service that lets you buy and sell stocks and exchange-traded funds (ETFs) through a simple mobile app, with $0 commissions and no account minimums.

    • When will Wealthsimple Trade be available

      Wealthsimple Trade hasn’t launched yet. Right now you can add yourself to the waitlist to get early access and you’ll be invited to download the app based on your place in line. We can’t make any promises on when exactly you’ll be able to start using it, but you can keep tabs on your place in line anytime by checking the website.

    • Which financial products can I buy and sell using Wealthsimple Trade

      We support over 8,000 publicly-traded common stocks and exchange-traded funds (ETFs) listed on major Canadian and U.S. exchanges.

    • How is Wealthsimple Trade different from Wealthsimple

      Wealthsimple Trade is a brokerage that allows you to buy and sell stocks and ETFs with no trading commissions. Wealthsimple Trade is a self-directed platform and doesn’t offer any financial advice or recommendations. Wealthsimple is an automated investing service that manages your investments for you — including your RRSP and TFSA — using a personalized portfolio of low-fee exchange-traded funds. Wealthsimple also offers savings accounts and provides financial advice. If that’s what you’re looking for, please click here.

    • I’m new to investing. Should I use Wealthsimple or Wealthsimple Trade

      If you’re looking to grow your savings over the long-term, a diversified, low-fee portfolio that is rebalanced regularly — like the ones Wealthsimple’s automated investing offers — is the smartest way to do that. But that doesn’t mean there’s no place for buying and selling individual stocks — so long as it’s done responsibly as part of a holistic financial plan.

    • How is Wealthsimple Trade different from the big banks and other discount brokerages

      Some important differences are that Wealthsimple Trade is completely mobile, charges no commissions on trades, and has no minimum balance. We use technology to drastically reduce our operating costs by eliminating the things that make traditional brokerages expensive — like bank branches, large teams, and legacy systems. Wealthsimple Trade is simple, jargon-free, and human — everything Canadians have come to expect from Wealthsimple. Opening an account takes minutes, and mere seconds for existing Wealthsimple clients. Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc. and is similar to other brokerages in that it is a registered investment dealer and a member of the Investment Industry Regulatory Organization of Canada (IIROC).


    • How does Wealthsimple Trade have $0 commission trading when other brokerages charge up to $10/trade

      We’re able to offer commission-free trades because we’ve built a low-cost, digital-first brokerage powered by technology. And executing trades actually costs very little for brokerages, so we don’t think it’s fair to charge our clients big trading commissions.

  • How does Wealthsimple Trade make money if there are no commissions

    Wealthsimple Trade makes money on currency exchange for US trades, and we plan on launching premium features in the future that will carry fees. We’ll publish a clear pricing and fee schedule before the product is available.

 

  • Who is eligible for Wealthsimple Trade?

    Wealthsimple Trade will be available in Canada only. In order to open a Wealthsimple Trade account, you must:

    • Be a Canadian citizen, Canadian resident, or have a valid Canadian visa
    • Be at least 18 years old
    • Have a valid Social Insurance Number
    • Have a Canadian address

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  • How do I open a Wealthsimple Trade account?

    All early-access users will receive specific instructions on how to download the app and open an account. Opening an account should take only a few minutes and is done entirely from the mobile app. First you’ll need to enter a few personal details so we can confirm your identity and comply with regulatory requirements. Then you’ll link a bank account to Wealthsimple Trade, so you can fund your account and start trading. No paperwork required. To sign up, you’ll need to enter some or all of the following:

    • Full name
    • Mailing address
    • Social Insurance Number (SIN)
    • Date of Birth
    • Employment details (employer name, job title)

Simple, $0 fee stock trading for Canadians

  • Wealthsimple Trade is a stock-trading service that lets you buy and sell stocks and exchange-traded funds (ETFs) through a simple mobile app, with $0 commissions and no account minimums.

Join Waitlist ?

 

 

 

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Brian Meiggs
Brian Meiggs
Brian is the founder of My Millennial Guide and is an entrepreneur who has spent the last few years creating websites and building brands. He has been quoted in several online publications, including Yahoo! Finance, NASDAQ, MSN Money, AOL, Discover Bank, GOBankingRates, Student Loan Hero, Fit Small Business, Cheapism, SmartAsset, Bankrate, RISE Credit, AllBusiness, Cheddar, Commonbond, Niche, Rewire, Credit Donkey, Debt.com, and more. He believes that the true path towards financial independence is through increasing your earning potential (even if you have a 9-5 job).

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