Once you qualify by completing 50 or more eligible trades in a calendar month, your status applies for that month and the following calendar month — your grace month. To keep your status beyond the grace month, complete 50 or more eligible trades during the grace month itself. If you don't, your status will lapse at the end of the grace month. Your Active Trader status screen always shows the exact date your current status is valid until.

Your trade count resets at the start of each calendar month. Because we calculate trade counts overnight, your updated count and status may take up to 24 hours to appear in the app.

Your trade count is calculated overnight and refreshes every 24 hours — it's not real-time. Check back the next day to see your most recent activity reflected.

Yes. Trades count toward whoever places them, not toward the account they were placed in. If you place trades on someone else's account as their authorized trader, those trades count toward your Active Trader status. The same applies in reverse — if an authorized trader places trades on your account, those count toward their status, not yours.

Eligible trades are manually placed buy or sell orders for stocks, ETFs, options, crypto, precious metals, or futures. They can be placed by you directly or by the Trade Desk on your behalf. Automated and recurring orders aren't eligible. Fractional orders count.

The Trade Desk is a direct phone line where licensed Investment Representatives can place trades on your behalf. As an Active Trader, phone-in trades are free — normally a $45 value per trade. To reach the Trade Desk, call Wealthsimple's main support number. When you call, you'll be asked: "Are you calling to place a trade or have questions about trading, margin, or options?" Choose yes to be connected to the Trade Desk. If you're calling about something else, you'll be routed to priority support.

The Trade Desk is open Monday to Friday, 9:30 am–4:00 pm ET (market hours). If you call outside these hours, you'll be connected to our general support team. Any trading-related requests will be prioritized for follow-up by an Investment Representative the next morning.

Active Traders who register for the 3% match promotion and transfer $25,000 or more to Wealthsimple within 30 days of registering receive a 3% cash bonus on the net transferred amount, up to a maximum of $2,000,000. The bonus is paid as 24 equal monthly instalments over two years — not as a lump sum. You'll need to hold Active Trader status when each instalment is paid to receive the 3% rate. The 3% match replaces the standard 1% match for eligible clients — it's not paid in addition to it. See the promotion terms for full details.

If your Active Trader status lapses, your remaining monthly instalments will be paid at the 1% rate from the next scheduled payment, not the 3% rate. Payments already made at the 3% rate aren't affected. If you requalify for Active Trader status, your remaining payments will go back to the 3% rate from the next scheduled payment after you requalify.

Yes. Once you start receiving the 3% match, a 730-day hold period (about two years) applies. During this period, you can't withdraw more than 20% of your net transferred amount, or future instalments may be adjusted. Transfers between your own Wealthsimple accounts and changes in market value don't count toward the withdrawal limit.

"Active Trader Off" means you previously held Active Trader status but didn't requalify during your grace month. To reactivate your status, complete 50 eligible trades in a calendar month.

No. Active Trader benefits stack on top of your existing status. If you're a Premium or Generation client, you keep all of your current lifestyle benefits and gain Active Trader benefits on top.

Wealthsimple may revoke Active Trader status if trading activity appears intended only to qualify for the program — for example, placing many minimal-value trades.