Overview
Learn how to easily sell stocks or ETFs in your Wealthsimple self-directed investing account. Benefit from real-time quotes, flexible order types, and extended hours trading.
Sell a stock or ETF
Follow the steps below to place an order to sell holdings in your self-directed investing account:
- Log in to the Wealthsimple app
- Swipe left or tap the Invest tab
- Scroll down to Holdings
- Select the stock or ETF you'd like to sell
- Tap Trade, then tap Sell
- Select the order type from the drop-down menu in the top-right corner
- Enter the number of shares you'd like to sell
- Optional: Tap the switch button to enter a dollar value instead
- Optional: Tap Max to sell all of your shares, including any fractional shares
- Tap Review
- Review the sale details and Submit order
- Log in to your Wealthsimple account
- Select your desired self-directed account
- Under Holdings, select the stock or ETF in your portfolio you'd like to sell
- Select the Sell tab
- Choose your Order type
- Enter the required fields for your order type
- Click Review
- Review the sale details and click Submit order
Frequently asked questions
How up-to-date are the quotes I'm seeing?
Wealthsimple offers real-time, on-demand quotes for all securities.
Can I sell a stock or ETF outside of market hours?
Yes, you can sell 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 sell 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)
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.
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