WealthSimple Trade - $0 Commission Stock Trading App
The App allows you to trade stocks and EFTs with no commissions on your phone. A really elegant design and beautifully designed. WealthSimple built Canada's best, simplest, and no fee stock trading app.
WealthSimple have their our own brokerage accounts that focus on investment management service on millennials. The firm was founded in September 2014 and based in Toronto! The firm currently holds over five billion in assets under its management.
WealthSimple offers
WealthSimple Trade doesn’t have all the bells and whistles of most self-directed investing platforms. There’s no market research, data tracking tools are rudimentary, and even their stock quotes have a 15 minute delay. On the other hand, it also charges no commission fees, no withdrawal fees, and no inactivity or maintenance fees.
- Unlimited commission-free trades of over 8,000 Canadian /U.S. stocks /ETFs
- No account minimum
- Instant execution of trades
- One-tap sign up for existing WealthSimple clients
- Available on iOS and Android
- CIPF protection up to $1,000,000
WealthSimple Trade doesn’t have all the bells and whistles of most self-directed investing platforms. There’s no market research, data tracking tools are rudimentary, and even their stock quotes have a 15 minute delay. On the other hand, it also charges no commission fees, no withdrawal fees, and no inactivity or maintenance fees.
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The Pros of WealthSimple
- No commission, withdrawal, maintenance, or inactivity fee
- Well deigned and easy app to use
- Trade on Canadian and U.S exchanges
- CIPF protection up to $1.000,000
- No minimum account balance
- Mobile + Web accessible now
- Instantly deposit up to $250.00 right away to trade
The Cons of WealthSimple
- Limited to certain accounts
- Stock quotes are not updated in real time
- There is a 1.5% fee for currency conversion for US stocks
- Fees for getting paper statement, asking for special request or investigation, send/receive (wire transfer)
- Not connected to all your WealthSimple accounts
- Can take 3-4 days for deposit to show up in your account
- Stock quotes have a 15 minute delay
- Premium Feature cost $3.00 to access real-time stock price + able to instantly deposit $1000.00 right away
Take advantage in signing up with WealthSimple Trade and get a bonus $10 when you deposit in $100 and start trading !
Sign up here
If you are not ready to trade on your own. Try WealthSimple robo-advisor! Click Here for more info!