Wealthsimple

Verdict

Official mobile / iPhone app marketing — Cash UI (captured 2026-09-11).

Wealthsimple is a Canada-first brokerage — an account you open as a Canada resident for self-directed Trade, Canadian registered accounts, and (optionally) managed Invest on the same firm. It also ships as a mobile app (iPhone / Android) covering those products on the same firm. It is not charting SaaS, not a U.S. retail brokerage on-ramp, and not a ranking of who is cheapest.

Primary job on this directory: broker for Canada (use-a-broker + brokers-in-canada). Managed Invest is a secondary product on the same firm — keep that framing; do not re-label the listing as robo-only.

Authoritative standing Trade fees (pricing + Trade fee schedule; capture 2026-09-11):

Product	Standing fee	Notes
Listed US & Canadian stocks / ETFs	$0 commission	Trade fee schedule “Everyday Fee Schedule”
Equity & ETF options	US$0/contract	Core / Premium / Generation
Index options	US$1 SPX/SPXW; US$1 VIX; US$0.25 XSP; US$0.50 RUT/RUTW; US$1.00 NDX; US$0.25 DJX	Per Trade fee schedule
Futures	US$1/contract	+ NFA US$0.02; exchange fees variable
FX from CAD account (no USD account)	1.5%	Applied to WSII corporate exchange rate when trading US-listed
FX into/out of USD account	1.5% / 1.0% / 0.5% / 0% by size	Under $10k / $10k–$24,999.99 / $25k–$99,999.99 / $100k+
USD account (Core)	$10/mo + tax	Published 30-day trial; complimentary on Premium / Generation (pricing)

Managed Invest (Managed Investing Fee Schedule; capture 2026-09-11): Core 0.50% / Premium 0.40% / Generation starting at 0.4%, as low as 0.2% AUM. ETF MERs are separate (third-party). Managed currency conversion: 0.4% where the schedule applies. Client tiers on pricing: Core ($1 assets) / Premium ($100,000) / Generation ($500,000).

Body-only (not typed into offers[]). Friend referral $25 each when the invitee opens and funds $100+ within 30 days — referrals. Crypto fees are in transition (legal schedule baselines vs Help / pricing “0.5% + spread” language) — see Watch-outs; do not oversimplify into a single standing offer. Public affiliate and referral programs exist, but we don’t have an affiliate link for Wealthsimple.

This is a directory listing of a broker, not a SaaS comparison, not a signal service from FTT, and not financial advice. Do not treat this page as a how-to for placing trades.

We are not saying Wealthsimple is the best broker, the cheapest broker, or the best purchase. We do not invent star ratings. We are not saying any fee schedule will make a strategy profitable.

Best for

• Canada-resident brokerage / registered accounts as the primary job — TFSA, RRSP, FHSA, non-registered, and other account types listed on Trade, with eligibility limited to people who live in Canada (official Help).
• Self-directed Trade with published $0 stock/ETF commissions and US$0 equity/ETF options (plus the index/futures/FX rows above).
• Readers who may also want managed Invest on the same firm — Core 0.50% / Premium 0.40% AUM on the legal schedule — without treating Invest as the only product story.
• CAD ↔ USD workflow awareness — USD account free on Premium/Generation; Core $10/mo + tax after trial; FX tiers published.

That is a fit for traders and investors who want Canadian brokerage execution with published fees. It is not a claim that switching brokers improves results.

Skip if

• You need a U.S.-residency broker. Wealthsimple’s Help eligibility is Canada-resident. Do not invent brokers-in-us for this listing.
• You assumed this page ranks “best broker in Canada.” This directory does not rank brokers.
• You expected crypto baselines as a single clean offers[] SKU. Crypto is in transition — body / Watch-outs only.
• You expected friend-referral $25 as a standing offer. Body / FAQ only.
• You expected an affiliate link. We don’t have an affiliate link for Wealthsimple, so its button goes to the official site. Referral / affiliate URLs may appear in body as public program links only.
• Your primary job is U.S.-only options platforms. Neighbors: tastytrade (Canada NOT SUPPORTED), Thinkorswim. Different residency stories: not a ranking.

What you get

Official pricing — captured 2026-09-11.

Source of truth for standing Trade fees: wealthsimple.com/en-ca/pricing + legal/fees/trade — captured 2026-09-11. Managed Invest: legal/fees/invest. This is not a SaaS subscription matrix.

Product	Billing shape	Standing figure (typed into offers[])	Pricing URL
Stocks & ETFs	Per trade commission	$0	Trade fees
Equity & ETF options	Per contract	US$0	same
Futures	Per contract	US$1	same
Index options SPX/SPXW	Per contract	US$1	same
Managed Invest Core	AUM %	0.50%	Invest fees
Managed Invest Premium	AUM %	0.40%	same
USD account (Core)	Monthly + tax	$10/mo	Trade fees

Also on those official pages (feature / fee claims — standing dollars only from the table above for offers[]):

• Index options ladder (Trade schedule). SPX/SPXW US$1; VIX US$1; XSP US$0.25; RUT/RUTW US$0.50; NDX US$1.00; DJX US$0.25. Equity/ETF options early exercise US$45; do-not-exercise instruction US$45.
• FX. CAD-account US trading without USD account: 1.5%. USD-account cash conversions: tiered 1.5% / 1.0% / 0.5% / 0% by size. Managed Invest FX: 0.4% on the Invest schedule where applicable.
• USD account. Core $10 + tax / month after 30-day trial (pricing FAQ); free on Premium / Generation.
• Tiers. Core / Premium ($100k) / Generation ($500k) on pricing.
• Chequing (short). Interest 1.25% / 1.75% / 2.25% by tier; $0 monthly fees — banking adjacent, not the main broker job.
• Friend referral (body only). $25 / $25 when invitee funds $100+ in 30 days — referrals.
• Crypto (body only — transitional). Legal Crypto Fee Schedule (updated May 11, 2026 in the document header we fetched) still publishes Core 2.0% / Premium 1.0% / Generation 0.5% baselines with volume discounts. Marketing pricing shows crypto trading fees as “Starting 0.5% + spread” for all tiers. Help articles describe Active Trader on the newer schedule already, with non–Active Trader cutover language around September 7, 2026. Flag as in transition; confirm in-app before you trade crypto. Not typed into offers[].

Fees change. Confirm on the official site before you open an account or place a trade. This directory does not sell Wealthsimple and has no affiliate URL. The CTA on this page goes to the official homepage: wealthsimple.com. Public Affiliate Guidelines and referrals exist; none is wired as an FTT tracked partner link today.

How it works

Official Trade account types — captured 2026-09-11.

1. Confirm Canada-resident eligibility on official Help — live in Canada, age of majority, SIN, phone / identity — before you apply. Not for people living outside Canada.
2. Open the account types you need — TFSA, RRSP, FHSA, non-registered, and others listed on Trade.
3. Trade self-directed on published commissions ($0 equities/ETFs; options/futures/FX/USD-account rows above) — still not FTT advice.
4. Optional managed Invest on the same firm if you want discretionary portfolios at the published AUM rates.
5. Optional USD account if you trade US-listed often — Core pays $10/mo + tax after trial; Premium/Generation complimentary on pricing.

Trade vs Managed Invest

	Trade (self-directed)	Managed Invest
Job	You choose securities	Firm manages a portfolio
Standing fee story	$0 stocks/ETFs; US$0 equity/ETF options; index/futures/FX/USD rows	Core 0.50% / Premium 0.40% / Generation 0.2%–0.4% AUM + MERs
Fee schedule	legal/fees/trade	legal/fees/invest
Same firm tiers	Core / Premium / Generation benefits apply	Same tier ladder

Neither column is a recommendation. Confirm current product eligibility in-account.

Watch-outs

Official pricing FX / USD account rows — captured 2026-09-11.

• FX without a USD account. Trading US-listed from a CAD account triggers a 1.5% currency conversion fee on the WSII corporate exchange rate (Trade fees). That can dwarf $0 commissions on small US trades.
• USD account Core fee. Core pays $10/mo + tax after a published 30-day trial; Premium / Generation are complimentary on pricing. Cash conversions into/out of the USD account still follow the tiered 1.5% / 1.0% / 0.5% / 0% ladder by size.
• Crypto fees are in transition. Legal Crypto Fee Schedule still lists Core 2% / Premium 1% / Generation 0.5% baselines with volume discounts. Marketing pricing shows “Starting 0.5% + spread.” Help describes Active Trader on the newer schedule already, with non–Active Trader cutover language around September 7, 2026. Do not collapse that into one standing offers[] row — confirm the fee on the trade ticket.
• Index options / futures are not $0. SPX/SPXW US$1, other index rows on the Trade schedule, futures US$1 + NFA / exchange pass-throughs.
• Canada residents only. Not a U.S. brokerage substitute; no brokers-in-us job on this listing.

Pros and cons

Official Trade pricing features — captured 2026-09-11.

Sourced from official pricing, Trade fees, Invest fees, and Help eligibility. We do not invent SaaS tiers, affiliate URLs, or broker rankings.

Pros

• Clear Canada-resident brokerage story with registered account types on Trade (2026-09-11 capture).
• Published $0 commissions on listed stocks/ETFs; US$0 equity/ETF options.
• Managed Invest AUM rates published on a legal fee schedule (Core 0.50% / Premium 0.40%).
• FX and USD-account fees are written down — including the Core $10/mo USD account row.
• Friend-referral and affiliate programs are public (body only here).

Cons

• Canada residents only — not a U.S. brokerage substitute.
• FX 1.5% from CAD without a USD account can dominate small US trades.
• Core USD account is $10/mo + tax after trial.
• Crypto fee surfaces disagree during transition — easy to oversimplify.
• Index options and futures are not free; pass-through exchange / NFA fees still apply.
• This directory does not rank “best broker in Canada.”
• No FTT affiliate URL yet — CTAs go to the official homepage.

How it compares

Official Help eligibility (Canada residents) — captured 2026-09-11.

Neighbors on this directory: Questrade, tastytrade, Thinkorswim, and Interactive Brokers. This is not a ranking. We do not invent star ratings. We do not claim Wealthsimple is better.

	Wealthsimple	tastytrade	Thinkorswim	Interactive Brokers
Status on this directory	Live review	Live review	Live review	Live review
Job	Canada brokerage + registered accounts (+ managed Invest)	U.S. brokerage / commissions platform	Schwab brokerage platform suite (+ charting job)	Global electronic broker (Pro/Lite + platforms)
What official pages describe	Trade $0 equities; options/futures/FX; Invest AUM; Canada eligibility	Commissions table; no platform subscription	Desktop / web / mobile; paperMoney; Guest Pass; Schwab pricing	Pro/Lite stock & options schedules; TWS / Portal / Mobile; CA TFSA/RRSP/FHSA
Price captured here	Equities $0; equity options US$0; futures US$1; Invest Core 0.50% / Premium 0.40%; USD account Core $10/mo (2026-09-11)	Equities $0; options $1 open ($10 max/leg); futures $1; subscription none (2026-09-12)	Platform no charge for Schwab clients; equities $0; options $0.65/contract examples (2026-09-12)	Lite USD 0.00; Pro Fixed USD 0.005/share; Pro Tiered from USD 0.0035; CA Fixed CAD 0.01 (2026-09-14)
Canada	Yes — residents only (Help eligibility); TFSA/RRSP/FHSA listed	NOT SUPPORTED (official Help); TFSA N/A	Canadian resident account / listings unverified	Yes — Interactive Brokers Canada (TFSA/RRSP/FHSA); Lite US stocks US Residents Only

Wealthsimple is Canada brokerage + registered accounts first. Questrade is Canada self-directed brokerage + published options fee ladder first. tastytrade is U.S. commissions first (Canada not supported). Thinkorswim is Schwab’s platform suite first. Interactive Brokers is global multi-asset brokerage + Pro/Lite commissions first. For the dedicated two-way Keep / Gain / Lose map, see Questrade vs Wealthsimple. For a broader neighbor job-fit map (not a ranking), see Wealthsimple alternatives. None of those rows is a recommendation to switch, and none is a cheapest-broker shootout.

Also see Webull Canada options fees.

Verified features

Sourced from pricing, Trade fees, Invest fees, Crypto fees, Trade product, referrals, and Help eligibility article 4404721755287. Captured 2026-09-11. We do not list features we could not attribute to an official page.

Standing Trade / Invest fees (authoritative for offers[])

• Stocks & ETFs $0 commission (listed US & Canadian).
• Equity & ETF options US$0/contract.
• Futures US$1/contract; SPX/SPXW index options US$1/contract (other index rows on schedule).
• Managed Invest Core 0.50% / Premium 0.40% AUM.
• USD account Core $10/mo + tax.
• Offers URLs: Trade and Invest legal fee pages above.

Canada / accounts

• Eligibility: live in Canada (citizen or valid Canadian visa), age of majority, SIN, phone / identity — Help eligibility.
• Account types on Trade marketing: TFSA, RRSP, FHSA, RESP, LIRA, RRIF, spousal RRSP, non-registered (confirm current list in-product).

Body-only

• Friend referral $25 when invitee funds $100+ within 30 days.
• Crypto transitional: legal baselines Core 2% / Premium 1% / Generation 0.5% + volume table; pricing/Help moving toward 0.5% + spread (Active Trader already; non–Active Trader cutover language September 7, 2026 on Help captures — confirm live Help).
• Chequing interest 1.25% / 1.75% / 2.25%; $0 monthly fees.
• Public affiliate guidelines URL (no FTT tracked link).

Rejected as standing

• An invented affiliate link, US availability, or SaaS Pro seat tiers.
• Friend-referral $25 dollars in offers[].
• Crypto transition rates as a single standing offers[] SKU.
• “Best broker” / ranking language.

Still UNVERIFIED (kept visible)

1. Exact in-account product-approval / options level / margin eligibility matrix beyond marketing labels — confirm in-account.
2. Whether every Trade marketing module (IPO access, event contracts, gold) ships identically for every account type — confirm in-account.
3. Live Help crypto cutover wording after bot-wall fetches — prefer in-app fee preview on the trade ticket.
4. Any third-party “best Canadian broker” ranking that replaces official fee schedules — rejected.
5. CAD vs USD display quirks inside specific registered account wrappers beyond the published FX rows — confirm in-account.

Canada note

This directory is written with readers in Canada as well as the United States.

Canada residents only. Official Help — Eligibility requirements to open an account with Wealthsimple — requires living in Canada (citizen or valid Canadian visa), provincial age of majority, and a valid SIN. Wealthsimple is not licensed to hold accounts for individuals living outside Canada. Do not invent a U.S. retail brokerage on-ramp from en-ca pricing pages.

TFSA / RRSP / FHSA yes (for eligible residents). Trade lists registered and non-registered account types. Contribution room, tax treatment, and CRA rules are outside this review — confirm with official CRA guidance and Wealthsimple account docs.

Not brokers-in-us. This listing stays on use-a-broker + brokers-in-canada only.

Confirm eligibility on official Help before you apply. Official homepage only: wealthsimple.com. There is no affiliate link on this page.

Price cues from the alternatives page

These notes moved off the alternatives page. Prices are the figures already published there, not new quotes.

• US Lite USD 0.00 (US residents); Pro Fixed USD 0.005/share; Pro Tiered from USD 0.0035/share; Canada CAD Fixed CAD 0.01/share, from IBKR capture.
• Basic $0; Essential / Plus / Premium / Ultimate annual specials $12.95 / $29.95 / $59.95 / $199.95 per month billed annually as captured.

Sources

Prefer these official URLs (capture 2026-09-11):

• wealthsimple.com/en-ca/pricing — Core / Premium / Generation; Trade $0 commissions; Invest AUM; USD account; chequing interest; crypto “Starting 0.5% + spread” marketing
• legal/fees/trade — Trade commissions, options, futures, FX, USD account $10 + tax
• legal/fees/invest — Managed Invest 0.50% / 0.40% / 0.2%–0.4%; MER note; managed FX 0.4%
• legal/fees/crypto — legal crypto baselines + volume table (transitional vs Help/pricing)
• wealthsimple.com/en-ca/trade — Trade product + account types
• referrals — friend referral $25 (body only)
• Affiliate Guidelines — public affiliate program (no FTT tracked URL)
• Help eligibility 4404721755287 — Canada residents only

Confirm fees on the official site. There is no affiliate link on this page yet. This button goes to the official homepage: wealthsimple.com.

Disclosure

This page is a directory review of a publicly priced brokerage, not financial advice, not a recommendation to open an account, and not a claim that any fee schedule, referral bonus, or crypto rate will be profitable. Wealthsimple is a broker (with optional managed Invest), not SaaS. Friend-referral $25 and crypto transition details are not standing offers[] SKUs. We have no affiliate URL on this listing; outbound CTAs use the official site. Fees change — confirm on pricing and the legal fee schedules before you trade.