Key Feature

The Wealthsimple Trade app allows you to trade Canadian Securities listed on the Toronto Stock Exchange for free. That’s right, you heard me, completely free! As of right now, they are the only brokerage in Canada that has done away with commission fees on trades. This enticing feature allows investors to exchange small quantities of securities, while avoiding any stipend penalties.

It’s also important to note that the Wealthsimple Trade app allows you to trade securities listed on the New York Stock Exchange and The Nasdaq Stock Market, commission free. However, you will be charged a Currency Exchange Fee of 1.5% for each transaction (Buy, Sell or Dividend Payment). Now many investors may be worried that this small deduction will eat into potential profits, but it is good to note that the average Canadian Brokerage Competitor charges a 2% Currency Exchange Fee on-top of their hefty commission.

Thus, Wealthsimple Trade is an obvious choice for Canadians looking to maximize profits while reducing commission fees associated with any other Canadian Brokerage.