Overview
You can trade thousands of Canadian and U.S. stocks and ETFs in a self-directed investing 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 your Wealthsimple profile
- In the Search name or symbol field at the top of the page, type in the name of the stock or ETF you'd like to buy
- 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
- You'll see an Order submitted! message confirming your order was complete
- Sign into the Wealthsimple app on your mobile device
- 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
- Select your order type by selecting one of the options 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 where you want to purchase your stock or ETF by selecting one of the options from the drop-down menu
- Tap Review
- Review the order details and tap Submit order
Frequently asked questions
How long does it take for trades to settle?
Trades take one full business day to settle after they are made. This means your cash balance will be different from your Available to trade and Available to withdraw balances right after you sell a security. This settlement period is a requirement of the Canadian Depository for Securities, Ltd.
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:
- Sign in to the Wealthsimple mobile app
- Tap the search tab
- 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 a stock or ETF during extended hours trading.
Markets are generally open from Monday to Friday between 9:30am – 4:00pm Eastern Standard Time (EST). The markets are closed on certain holidays.
Any orders created outside of market hours go into a queue that gets submitted when the market opens again. For example:
- You submit a market order to buy 5 shares of XYZ stock on Wednesday at 8:00 pm (EST)
- The order will get executed when the markets open on Thursday at 9:30 am (EST)
- Any fractional orders will be executed at the end of the next trading day
Why did my order fill at a different price than expected?
Learn more about why your order was filled at a different price.
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