Wealthsimple Trade charges a 1.5% currency conversion fee on Canadian to US dollar conversions (and vice versa) when trading US-listed securities.

• There are no commission fees, transfer charges, or other hidden fees.
• We don’t sell your information or data.
• Orders are always executed at the best available price and we do not receive any payment or incentives to route our orders in a particular way.

Understanding the currency conversion fee

Wealthsimple Trade charges a 1.5% currency conversion fee on all trades of US-denominated assets (both buys and sells). The fee is included in the total foreign exchange rate (FX) that is applied to each order. We’ll show you the current rate every time you submit an order – and on the trade confirmation once the order has been filled. Take a look at the two examples below –

An example asset purchase

• You decide to purchase $100 USD of a US-denominated asset
• In this example, the corporate exchange rate for converting Canadian to US dollars is 1.3
• With a 1.5% currency conversion fee, the total foreign exchange rate becomes 1.3195
• The total cost to you is $131.95 CAD
• You’ve paid $1.95 CAD in currency conversion fees

An example asset sale

• You decide to sell $100 USD worth of a US-denominated asset
• In this example, the corporate exchange rate for converting Canadian to US dollars is 1.3
• With a 1.5% currency conversion fee, the total foreign exchange rate becomes 1.2805
• You receive $128.05 CAD from the sale
• You’ve paid $1.95 CAD in currency conversion fees

Note: The corporate exchange rate is a rate that Wealthsimple receives from our partner banks. It is a live rate that fluctuates throughout the day.

Fee schedule

Everyday Fee Schedule
Below is a list of fees associated with normal day-to-day transactions.

Description	Amount
Commission for listed US & Canadian securities	$0
Account Opening	$0
Account Closing	$0
Deposits via Bank Transfer (EFT)	$0
Withdrawals via Bank Transfer (EFT)	$0
Electronic Statements & Trade Confirmations	$0
Inactive account	$0
Foreign Exchange Fee (CAD ⇆ USD)	Corporate Rate x 1.5% (most brokerages charge around 2%)
Outgoing account transfers to another institution	$0

Fee schedule for Trade premium features

When you upgrade your Wealthsimple Trade account, you will gain access to premium features and get charged a subscription fee in addition to the other fees outlined in this disclosure (including the currency exchange fee above). Unless expressly stated otherwise below, all terms of your Client Account Agreement remain unchanged including applicable fees and features.

Trade Premium Fee

$3 + applicable tax per month

Trade Premium Features

Unlimited Real Time Quotes

When you upgrade to premium features you will be asked to specify an account for billing purposes. The subscription fee will be charged to this account on the date you upgrade and each month thereafter. If your account has insufficient funds available to cover the subscription fee on the payment date, your subscription may be cancelled without notice.

You may cancel your subscription at any time. The premium features will apply until the end of the current payment cycle, and you will not receive any pro-rated refund of your subscription fees.

To deliver premium features, like your real-time snap quotes, we use third party service providers in accordance with our Privacy Policy. Sometimes there may be delays or even failures by these providers to deliver information that’s unfortunately out of our control.

 

By-request transactions or extenuating circumstance fees
The following are transactional fees that only apply if you request the associated service and the request is approved by a Wealthsimple Trade representative.

Description	Amount
Paper Account Statement	$20
Special Requests & Investigation	$75 per hour
Voluntary Corporate Action/Election	$50
Wire Transfer (Incoming and Outgoing) If you wish to wire an amount greater than $50K our team may be able to make arrangements for the specified fee. Please submit a request for more details.	$30
Broker assisted phone trade The ability to submit trade instructions via phone is available only in extenuating circumstances and can only be executed through Canadian ShareOwner Investment Inc.'s trade desk. The Wealthsimple Trade Client Success team is not authorized to submit any trade orders on behalf of clients.	$45

Note: The above list of fees is accurate as of August 2, 2019. Fees or charges (excluding interest or commissions charged) will not be imposed or changed without 60 days written notice.