In this article:
Overview
You can set a default trading account to streamline your trading experience if you have multiple trading 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 trading account
Follow these steps to choose a default trading account:
- Log in to the Wealthsimple app
- Tap the Profile icon in the top-right corner
- Select Settings
- Tap Accounts
- Select the trading 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 menu in the bottom left corner
- Select Settings from the menu
- Select Accounts
- Select the trading 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 trading 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 trading accounts, such as TFSAs, RRSPs, and non-registered accounts. It doesn't apply to managed investing, chequing, or Crypto accounts.
I only have one trading account. Why don't I see this setting?
If you have only one eligible trading 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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