$0 commission on buying and selling ETFs, a trading window that runs up to 24 hours over 5 days, and an instant deposit that can reach $250,000 depending on account type. The rest — which ETFs to pick, what internal fees they carry — depends on the product, not the platform.
$0 commission applies to buying and selling ETFs at Wealthsimple, no matter the account — TFSA, RRSP, FHSA, or a non-registered account. It's the platform that charges nothing; the ETF's own fees (the management expense ratio) stay with the fund, not with Wealthsimple.
Extended trading of up to 24 hours a day, 5 days a week, is marketed by Wealthsimple as going beyond regular market hours in Canada. It doesn't change the ETF you're buying, only when the order can go through.
Instant deposit lets you start investing without waiting for the usual settlement delay of a bank transfer. The limit depends on account type: up to $50,000 for a Core client, up to $250,000 for a Premium or Generation client.
A reader who already holds ETFs elsewhere — at a bank or another brokerage — can transfer them instead of selling everything and rebuying. Wealthsimple automatically reimburses the transfer fees charged by the old institution, as long as at least $25,000 is being moved.
$0 commission on ETFs isn't unique to Wealthsimple: several institutions offer it too, but with different conditions (number of free trades per year, inactivity fees, minimum balance). The table below covers what actually sets Wealthsimple apart from a few competitors already compared on this site.
| Comparison | What sets Wealthsimple apart |
|---|---|
| vs Questrade | $0 on stocks and ETFs, both buying and selling, versus fees that vary by order type |
| vs RBC Direct Investing | $0 permanently, with no quarterly trade threshold to hit |
| vs TD Direct Investing | $0 on selling ETFs too, not just buying |
| vs Desjardins (Disnat) | no inactivity fees, while Desjardins charges $30 per quarter on certain non-registered accounts |
Detailed comparisons manually verified in 2026. Competitor terms change without notice; check the current page before deciding.
For the full criterion-by-criterion breakdown, Wealthsimple versus Questrade comparison and Wealthsimple versus TD comparison lay out the numbers line by line, not just on ETFs.
No, buying and selling ETFs at Wealthsimple is done at $0 commission. The ETF's own internal fees (the management expense ratio) stay separate and vary depending on the fund you choose.
Yes, ETFs can be held in a TFSA, RRSP, or FHSA at Wealthsimple, on top of a non-registered account. The choice of account mostly depends on your savings goal, not on the platform.
Wealthsimple doesn't give a fixed timeline; it depends on the originating institution. What is guaranteed is the reimbursement of transfer fees charged by your old brokerage, once $25,000 is being moved.
No minimum balance is required to open an account at Wealthsimple. The amount invested depends on the price of the ETF you choose and how much you want to put toward it.
Code LOIO3A gives $35 total in 2026, made up of a $25 bonus and $10 by Interac e-transfer after filling out the request form. This bonus applies to opening an account, not specifically to buying ETFs.