In this article:
Overview
You can trade thousands of Canadian and US stocks and ETFs in a Wealthsimple Trade account. There aren't any trading commissions or account minimums, and everyone has access to real-time, on-demand quotes for all securities.
Buy a stock or ETF
Follow the instructions below to buy a stock or ETF in your trading account:
- Log in to the Wealthsimple app
- Tap the Discover (magnifying glass) tab at the bottom of the screen
- Type in the name of the stock or ETF you'd like to buy in the search bar and select it from the list
- Tap Buy
- Choose your order type from the drop-down menu at the top of the screen
- Enter the number of shares you want to purchase, or tap Max to buy as many shares as you can afford
- Choose the account to buy the stock or ETF in from the drop-down menu
- Tap Review
- Review the order details and tap Submit order
- Log in to your Wealthsimple profile
- Select the Search tab from the left-side menu
- Type and select the stock or ETF you'd like to buy from the list
- Under Buy on the right side, select an Order type from the menu
- Fill out the required fields for the order type
- Choose the Account to buy the stock or ETF in
- Select Review
- Confirm your purchase by selecting Submit order
- You'll see an Order submitted! message confirming your order was submitted
Frequently asked questions
How long does it take for trades to settle?
Trades take one full business day to settle after they're made. This settlement period is a requirement of the Canadian Depository for Securities, Ltd. When you sell a security, the money from the sale is immediately available for you to use for another trade, but your actual cash balance will look different from your Available to trade and Available to withdraw balances. You must wait one full business day for the trade to settle before you can withdraw the money from the sale.
Why am I getting an error when I try to place an order?
You may have a negative cash balance in the account you're trying to place an order in. You must have enough settled cash in the account to place an order. Learn more about troubleshooting a negative cash balance.
How do I check a stock's bid and ask prices?
Follow these steps:
- Log in to the Wealthsimple app
- Tap the Discover (magnifying glass) tab at the bottom of the screen
- Search for a stock or ETF
- View the Bid and Ask prices below the performance graph
Why can't I find a specific stock or ETF?
A stock or ETF must meet our eligibility criteria to become available for trading:
- The asset is on an exchange we support
- The asset meets our settlement or average daily volume requirements
- The asset isn't delisted, suspended, or halted
Can I buy a stock or ETF outside of market hours?
Yes, you can buy eligible US stocks and ETFs outside of market hours in the 24-hour market.
Markets are generally open Monday to Friday from 9:30 am to 4:00 pm Eastern Time (ET). The markets are closed on certain holidays.
If you place a market order, or an order for a security that isn't eligible for the 24-hour market, outside of market hours, it goes into a queue that gets submitted when the market opens again. For example:
- You submit a market order to buy five shares of XYZ stock on Wednesday at 8:00 pm ET
- The order will get executed when the markets open on Thursday at 9:30 am ET
Why did my order fill at a different price than expected?
Learn more about why your order was filled at a different price.
Can I set a take-profit or stop-loss when I buy a stock or ETF?
Yes. You can add a take-profit, a stop-loss, or both when you place a market or limit buy. Learn more in Understanding bracket orders.
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