Wealthsimple Trade was the first online brokerage in Canada to charge no commissions at all. It has since been joined by National Bank Discount Brokerage. Most other online brokerages charge between $4.95 and $9.95 per trade. Wealthsimple Trade gives you free access to thousands of stocks and...
Wealthsimple was founded in 2014, and before they started to drift away from their roots, I had them rated amongst the Best Robo Advisors in Canada. In 2019 the company began a dramatic expansion that saw them launch their online brokerage platform. They also decided to expand into the UK ...
Buy, sell, and earn crypto Trade and stake coins with confidence on Canada’s first regulated crypto platform. Trade Bitcoin, Ethereum, Solana and 70+ other coins. Start trading instantly Sign up and get started in minutes — there’s no need to wait for funding. Core clients can instantly...
Wealthsimple Canada emphasizescustomer trading protection through various measures.The firm is amember of the Canadian Investor Protection Fund (CIPF), which offers protection in case the brokerage faces financial insolvency. This means that eligible clients may be compensated up to specified limits in t...
Another time you’ll have to pay taxes on your TFSA is when you qualify as anon-resident of Canada. If you make any contributions to a TFSA during a year where you’re a non-resident, you’ll be charged a 1% monthly tax on those contributions. As a reminder, you’re considered a ...
They have made several big mistakes, which has cost their investors, and led to them having by far the worst investment returns when it comes to Canada’s robos. Those mistakes were detailed in the Globe and Mail. They include: Having a massive exposure to long-duration bonds (which got ...
While Wealthsimple is Canada’s largest robo advisor and BMO was the first of Canada’s big banks to roll out a robo advisor, I wouldn’t currently put them at the top of the robo advisor rankings. I will say that Canadian investors could do a lot worse. Both companies are safe and ...
Wealthsimple Trade is built on one value proposition: They have the lowest fees in Canada, and it’s impossible to get lower than that because it isfree to trade Canadian stocks on their app. As we all know, free does not always mean better. In this case, we believe Wealthsimple Trade ...
Justwealth and Wealthsimple are the #1 and #2 options on our newly-updated best robo advisors in Canada for 2025 list. Because Wealthsimple is more of a tech-first company, and Justwealth is more of an investing-first company, the Wealthsimple vs Justwealth battle comes down to what you ...
They prefer something like, “automated wealth management” or a title that more accurately describes what it is they do compared to one of Canada’s online brokerages. It’s also worth noting that you can try both robo advisors out with a fairly small amount of money, (snagging the ...