VOL. XCIV, NO. 247
A CURATED DIRECTORY OF FINANCIAL TOOLS AND RESOURCES
Wealthsimple Review, Pricing, and Features
Wealthsimple
Domain Rating by Ahrefs
Wealthsimple combines Canadian self-directed brokerage with separate managed, crypto, chequing, and savings products. The brokerage supports eligible Canadian and U.S. stocks and ETFs, options, margin accounts, and physically backed gold, but not securities listed outside North America.
Best for
- Canadian residents seeking $0 online commissions for listed Canadian and U.S. stocks and ETFs.
- Investors looking for fractional stock and ETF orders from $1 across registered and non-registered accounts.
- Canadian households already using Wealthsimple that can qualify for included USD accounts through asset-based status.
Watch out
- Individual applicants must reside in Canada and meet provincial or territorial age-of-majority requirements.
- CAD accounts charge 1.5% when a U.S. trade requires conversion. USD cash conversions remain tiered by transaction size.
Community votes (overall)
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Pricing
Key fees from the official fee schedule
Source-checked · Aug 23, 2026Online Canadian and U.S. listed stocks and ETFs
Equity and ETF options
CAD-account currency conversion
CAD-USD cash conversion in USD accounts
Instant withdrawal to eligible Visa Debit
Physically backed gold
This profile covers order-execution-only Wealthsimple Trade accounts. Managed investing uses a separate discretionary service and management-fee schedule. Chequing, Registered Savings Accounts and managed high-interest portfolios are separate products. Their interest rates and CDIC arrangements must not be presented as ordinary self-directed brokerage-cash terms. Crypto uses a separate account, fee schedule and protection model. Crypto assets are not covered by CIPF and are excluded from this securities-brokerage profile. See the Wealthsimple Investments Inc. fee schedule for your country.
Key features
- Canadian and U.S. listed stocks and ETFs with $0 stated online commission.
- Supported stock and ETF fractional market orders from $1.
- TFSA, FHSA, RRSP, spousal RRSP, RRIF, LIRA, LIF, RESP and non-registered trading accounts.
- CAD and optional USD accounts with separate currency-conversion rules.
- Listed equity and ETF options with $0 standard contract fees, subject to specialized charges.
- Fractional physically backed gold from C$1, with a 1% fee on each buy or sell.
- Canadian tax slips and registered-account documents based on account activity.
Broker details
Account and availability
Available in 1 country
Account
Non-registered individual and eligible business trading accounts, TFSA, FHSA, RRSP and spousal RRSP, RRIF, LIRA and LIF, RESP, Eligible non-registered margin account · CAD, USD base currency · $0 account and stock-trading minimum
Cash and trading
Interest on uninvested cash
No general Trade cash rate established
Deposits
Bank-transfer deposit $0; third-party and method fees can apply
Same-owner linked Canadian bank account, wire, Interac e-Transfer, eligible debit card, Wealthsimple-account transfer or institutional account transfer · Availability varies; recent linked-bank deposits can carry a hold of up to 5-7 business days
Withdrawals
Standard bank transfer $0; instant withdrawal 2.5%
Standard bank transfer, eligible instant Visa Debit withdrawal, Wealthsimple-account transfer or institutional transfer · Standard withdrawals generally 1-3 business days after settlement and holds
Fractional shares
Available
Supported stocks and ETFs · $1 buy or sell order
Tax support · Canada
Country tax report provided
Regulation and protection
Wealthsimple Investments Inc.
Canadian Investment Regulatory Organization (CIRO)
Canadian Investor Protection Fund (CIPF) · Up to C$1,000,000 per defined account category
Applies within CIPF limits if Wealthsimple Investments becomes insolvent and client property is missing. Wealthsimple states that precious metals held in Trade accounts are covered. CIPF does not cover market loss, unsuitable investments, or crypto assets; separate account-category aggregation rules apply.
Source-checked · Reviewed Aug 23, 2026 · Official sources: Relationship disclosure for self-directed accounts, Open a trading account, Wealthsimple Investments Inc. client account agreement, Wealthsimple Investments Inc. fee schedule for Trade accounts, Wealthsimple plans and benefits, Buy and sell physical gold with Wealthsimple, How Wealthsimple keeps money safe, Make a deposit from a linked bank account, Different ways to fund a Wealthsimple account, Understanding fractional orders, Tax considerations for different account types
FAQ
Is Wealthsimple free?
Wealthsimple should not be treated as free software. Brokerage access may have no monthly charge, but transaction, FX, market-data, custody, transfer, product, or spread costs can apply depending on the offer and jurisdiction. Check the broker details and official fee schedule.
Who is Wealthsimple best for?
It suits beginner, intermediate, and advanced users.
What platforms and connections does Wealthsimple support?
You can use Wealthsimple on Web and Mobile.
Which markets does Wealthsimple cover?
Wealthsimple covers North America. Examples include CA. It tracks Stocks, ETFs, Options, and Commodities. Identifiers include Ticker.
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