Wealthsimple Trade: verified facts and rating
Checked 2026-10-30
Score breakdown
61% backed by facts · How we rank
Wealthsimple Trade against the market
The dot is the company, the line is the median of all companies in this ranking.
Commission on the reference order0%0.7%0% · median 0.1%
Asset classes (of 5)353 · median 5
Support channels (of 3)131 · median 2
Wealthsimple Trade strengths and weaknesses
Pros
- Low commission on the reference order
- Member of the national investor compensation scheme
- No periodic account or custody fee
- Offers a tax-advantaged investment account
Cons
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All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | Not verified | — | |
| Investor compensation scheme | Yes | cipf.ca | 2026-10-30 |
| Commission on the reference order | 0% Commission for listed US & Canadian securities: 0 CAD → 0 CAD на заказ 1 500 CAD акции на TSX | wealthsimple.com | 2026-10-30 |
| Client assets held separately | Not verified | — | |
| Financial reports online | Not verified | — | |
| No account or custody fee | Yes | wealthsimple.com | 2026-10-30 |
| Asset classes (of 5) | 3 | wealthsimple.com | 2026-10-30 |
| Tax-advantaged account | Yes | wealthsimple.com | 2026-10-30 |
| Mobile app | Yes | wealthsimple.com | 2026-10-30 |
| Open an account online | Not verified | — | |
| Support channels (of 3) | 1 | wealthsimple.com | 2026-10-30 |
| Annual tax statement | Not verified | — |