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Overview
You can set a default account to streamline your trading experience if you have multiple self-directed investing accounts. This default account will be automatically pre-selected every time you go to place a trade to execute trades faster.
How to set a default account
Follow these steps to choose a default self-directed investing account:
- Log in to the Wealthsimple app
- Tap the Profile icon in the top-right corner
- Select Settings
- Tap Accounts
- Select the self-directed investing account you'd like to set as your default
- Toggle on Default account under the Investing settings section
- Log in to your Wealthsimple profile
- Select the Profile icon in the top-right corner
- Select Settings
- Select Accounts
- Select the self-directed investing account you'd like to set as your default
- Toggle on Default account under the Investing settings section
You can change or clear this selection anytime by following the same steps and choosing a different account.
Frequently asked questions
What happens if I don't set a default account?
If you have multiple self-directed investing accounts but don't set a default, the app will try to pre-select an account based on context.
- If you start a trade from a specific account's page, like your TFSA, that account will be pre-selected.
- If you start a trade from a general location, such as the Search or Discover tab, you'll need to manually select the account you want to use for the trade.
Does this setting apply to all my accounts?
No, this feature is only for self-directed investing accounts, such as TFSAs, RRSPs, and non-registered accounts. It doesn't apply to managed investing, chequing, or Crypto accounts.
I only have one self-directed investing account. Why don't I see this setting?
If you have only one eligible self-directed investing account, it's automatically treated as your default. Since there are no other accounts to choose from, you won't see the option to select a default account.
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