Cash

Available assets on Wealthsimple Trade

Wealthsimple Trade currently supports the following assets, as long as they meet our eligibility criteria (see below):

Eligibility criteria

A stock or ETF must meet our eligibility criteria to become available on Wealthsimple Trade.

When you search for an asset that is unavailable to trade, you'll see a brief message explaining why. Some of the reasons are as follows –

The security type is not supported
Only stocks and ETFs are supported on Wealthsimple Trade. Wealthsimple Trade does not support any other assets, including:

  • Mutual Funds
  • Preferred Shares
  • Options
  • Securities that trade Over-the-counter (OTC)
  • Forwards & Futures
  • Rights and Warrants
  • Bonds
  • Investment Savings Accounts & Money Markets
  • Stocks & ETFs that trade on non-North American exchanges

This security isn’t listed on a supported exchange
Wealthsimple Trade currently supports stocks and ETFs trading on the following exchanges:

  • Toronto Stock Exchange (TSX)
  • TSX Venture Exchange (TSXV)
  • New York Stock Exchange (NYSE)
  • NASDAQ
  • NEO

If the security you're looking for is listed on another exchange or is traded over-the-counter (OTC) you will not be able to purchase it on the Trade platform. If the security is listed on both a US exchange and a Canadian exchange, we will only support the security listed on the Canadian exchange.

This security may not meet our settlement or average daily trading volume requirements
We only allow securities to be traded that settle with CDS (our clearing broker). We also impose minimum price and volume constraints for stocks traded on the platform.

The security is delisted, suspended, or halted
In most cases, orders can’t be submitted for securities that are delisted or suspended. Orders can be submitted for securities that are halted, however, they will not fill until trading resumes.

Note: If you own a stock or ETF within your Trade account that is no longer supported, you’ll still be able to sell it as long as the stock has not been delisted and is still being traded. However, you will not be able to purchase additional shares.

Request a new stock or ETF

If you'd like to request a stock or ETF that's not currently available on the Trade platform, you can add it to the feedback survey below:

Wealthsimple Trade Stock and ETF Request Form

While the form doesn't guarantee that we will add your requested securities to the platform, we'll monitor responses to help make the Trade experience better.

New listings on Wealthsimple Trade

 

Company Symbol Exchange Date Added
Direxion Hydrogen ETF HJEN NYSE 03/31/2021
USCF Midstream Energy Income Fund UMI NYSE 03/30/2021
Edgewise Therapeutics Inc EWTX NASDAQ 03/30/2021
ARK Space Exploration ETF ARKX BATS 03/30/2021
Emerge ARK Space Exploration ETF EAXP NEO 03/30/2021
Emerge ARK Space Exploration ETF EAXP.U NEO 03/30/2021
VIZIO Holding Corp (Class A) VZIO NYSE 03/25/2021
Cricut Inc CRCT NASDAQ 03/25/2021
SEMrush Holdings Inc. SEMR NYSE 03/25/2021
ACV Auctions Inc. ACVA NASDAQ 03/24/2021
DigitalOcean Holdings, Inc. DOCN NYSE 03/24/2021
Desktop Metal DM NYSE 03/23/2021
Skillz Inc (Class A) SKLZ NYSE 03/23/2021
Star Peak Energy Transition Corp (Class A) STPK NASDAQ 03/22/2021
WisdomTree Cloud Computing Fund WCLD NASDAQ 03/22/2021
Roundhill Sports Betting and iGaming etf BETZ NASDAQ 03/22/2021
VanEck Vectors Video Gaming and eSports ETF ESPO NASDAQ 03/22/2021
Anaplan Inc PLAN NYSE 03/22/2021
Coupang Inc (Class A) CPNG NYSE 03/22/2021
Vine Energy Inc (Class A) VEI NYSE 03/22/2021
Sun Country Airlines Holdings, Inc. SNCY NASDAQ 03/19/2021
Instil Bio, Inc. TIL NASDAQ 03/19/2021
Finch Therapeutics Group Inc FNCH NASDAQ 03/19/2021
JOANN Inc JOAN NASDAQ 03/18/2021
Prometheus Biosciences Inc RXDX NASDAQ 03/18/2021
Tuscan Holdings Corp THCB NASDAQ 03/17/2021
Invesco NASDAQ Next Gen 100 ETF QQQJ NASDAQ 03/17/2021
Jaguar Health Inc JAGX NASDAQ 03/17/2021
Olo, Inc. OLO NYSE 03/17/2021
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF ARKQ BATS 03/16/2021
The 3D Printing ETF PRNT BATS 03/16/2021
Israel Innovative Technology ETF IZRL BATS 03/16/2021
Hayward Holdings, Inc. HAYW NYSE 03/12/2021
Roblox Corporation RBLX NYSE 03/10/2021
Atossa Therapeutics Inc ATOS NASDAQ 03/08/2021
Clover Health Investments Corp (Class A) CLOV NASDAQ 03/08/2021
Cardlytics Inc CDLX NASDAQ 03/08/2021
Wahed FTSE USA Shariah ETF HLAL NASDAQ 03/08/2021
Global X Autonomous & Electric Vehicles ETF DRIV NASDAQ 03/04/2021
InnovAge Holding Corp INNV NASDAQ 03/04/2021
VanEck Vectors Social Sentiment ETF BUZZ NYSE 03/04/2021
Ocugen OCGN NASDAQ 03/03/2021
Oscar Health Inc. OSCR NYSE 03/03/2021
iShares Core MSCI International Developed Markets ETF IDEV NYSE 03/03/2021
CSIM Schwab International Equity ETF SCHF NYSE 03/03/2021
CSIM Schwab U.S. Large-Cap ETF SCHX NYSE 03/03/2021
Equitable Holdings Inc.
EQH NYSE 12/07/2020
Eastern Bankshares Inc.
EBC NASDAQ 12/07/2020
Switchback energy acquisition C
SBE NYSE 12/07/2020
Pivotal Investment Corporation 2
PIC NYSE 12/07/2020
CleanSpark, Inc. CLSK NASDAQ 12/07/2020
Hennessy Capital Acquisition Corp IV
HCAC NASDAQ 12/07/2020
Pershing Square Tontine Holdings
PSTH NYSE 12/07/2020
Telos Corporation
TLS NASDAQ 12/07/2020
Sotera Health Company
SHC NASDAQ 12/07/2020
Maravai LifeSciences Holdings, Inc.
MRVI NASDAQ 12/07/2020
Nio Inc. NIO NYSE 12/07/2020
Bally's Corp BALY NYSE 12/07/2020
Tattooed Chef TTCF NASDAQ 12/07/2020
RMG Acquisition Corp
RMG NYSE 12/07/2020
cbdMD YCBD NYSE 12/07/2020

We're not recommending or suggesting that you buy these or any other security, and you should always do your research to make informed investing decisions.

Transfer funds between your Wealthsimple Trade accounts

You can transfer a cash balance of any amount between your Wealthsimple Trade accounts. It typically takes 3 business days for the transfer to complete.

If your funds are already invested in a stock, ETF, or cryptocurrency, you'll need to sell your holdings before you can transfer the cash to a different account. After selling a security, it takes 2 business days for the cash to settle in your account before you can transfer the funds.

Transfer funds between your Wealthsimple Trade accounts

  1. Sign into the Trade app on your mobile device
  2. Tap the Profile icon on the top left corner of the screen
  3. Select the Funding menu item
  4. Select Transfer funds
  5. Choose an account to transfer from and tap Continue
  6. Choose an account to transfer into and tap Continue
  7. Enter an amount to transfer and tap Continue
  8. Review the transfer details and tap Submit

The details

  • Don’t forget to check if your transfer will affect your income taxes or contribution room for registered accounts.
  • New deposits take 5 business days to clear before you can transfer the funds to a different account.
  • We do not currently support cash transfers from RRSPs into other Wealthsimple Trade accounts.

Note: If you'd like to move funds from Wealthsimple Invest to Wealthsimple Trade, take a look at our guide to transferring a Wealthsimple Invest account into Wealthsimple Trade.

Open a Wealthsimple Invest account

So glad you asked! Opening an account is really easy and can be done in a few short steps:

  1. First, complete the online application. From our homepage, click “Get Started” and follow the prompts. You'll give us some basic information, answer a few questions about your previous investment experience and e-sign one or more Investment Management Agreements.
  2. Bank verification: Verify and connect a bank account by securely authenticating your online banking. If you prefer, banking can always be verified manually by uploading a bank statement, screenshot of your bank account or void cheque.
  3. Suitability call: Depending on your risk requirements, regulations require that you have what's called a “suitability call” with one of our Portfolio Managers. It's a short conversation about you, your investment goals and your previous investing experience to make sure we're doing what's best for you.
  4. That's it! Your account should be up and running in less than 5 business days.

If you get stuck and need a little help, please give our Relationship Management team a call at 1-(855) 255-9038 or create a request

Add funds to your Wealthsimple Invest account

We do our best to keep all our articles up-to-date, but the information on this page is subject to change at any time, without notice. If you have questions, you can view our article on money movement here or reach out to our team.

There are 3 easy ways to fund your Wealthsimple account:

  1. One-time transfer from a chequing account: A one-time transfer of funds from your bank account to your Wealthsimple account. Once initiated, we will pull the requested amount for your bank account on file and will deposit it into the specified Wealthsimple account. 
  2. Automatic recurring deposits: A certain amount of money is automatically withdrawn from your chequing account and contributed to your Wealthsimple account on a regular basis. The timeframe is up to you and we can help you set up weekly, bi-weekly, or monthly contributions.
  3. Transferring an existing investment account: First, make sure you have the specific account type (RRSP, TFSA, etc.) open with Wealthsimple. Then you can transfer an existing account from another institution to Wealthsimple. 

You can find more information on how long these options take, here. 

Click the links above for a step-by-step guide on how to complete your transaction. If you have any questions or need help funding your Wealthsimple account, please create a request for our Relationship Management team.

Set up a one-time contribution

You can make a one time deposit into your Wealthsimple account by choosing "Just this once" in the frequency section of the Move Funds page. 

How do I set one up?

From the website
1. Login to your Wealthsimple account
2. Click the 'Move funds' button
3. Select the bank account you would like to transfer funds out of
4. Select the Wealthsimple account you would like to transfer funds into
5. Enter the amount you'd like to transfer
6. Schedule the frequency of the transfer (if this a one-time contribution select "Just this once")
7. Choose a date for the transaction
8. Click 'Submit deposit' and you're done! 

Deposit money from a chequing account into Wealthsimple Invest

You can initiate a one-time transfer of funds from your bank account to your Wealthsimple account in just a few minutes by following these steps:

From a desktop

  1. Login to your Wealthsimple account
  2. Click the 'Move funds' button.
  3. Select the bank account you would like to transfer funds out of
  4. Select the Wealthsimple account you would like to transfer funds into
  5. Enter the amount you'd like to transfer
  6. Schedule the frequency of the transfer (if this a one-time contribution select "Just this once")
  7. Choose a date for the transaction
  8. Click 'Submit deposit'

From the app

  1. From your Wealthsimple account click the 'Move funds' button
  2. Select the "Add or move funds" option from the list
  3. Select if you would like this to be a one-time or automated deposit.
  4. Enter the amount you'd like to deposit to your Wealthsimple account and schedule the frequency of the transfer (if this an automated deposit).
  5. Select the Wealthsimple account you would like to transfer funds into
  6. Select the bank account you would to transfer funds out of
  7. Select the date for the transfer to start
  8. Finally, click the 'Submit' button

 

Set up automatic recurring deposits (PACs)

PAC stands for "Pre-Authorized Contribution" plan. Under this plan, a certain amount of money is automatically withdrawn from a linked chequing or savings account and contributed to your Wealthsimple account on a regular basis. You can set up auto-deposits on a weekly, bi-weekly, or monthly basis.

How do I set up a recurring auto-deposit?

  1. Login to your Wealthsimple account
  2. Click the 'Move funds' button
  3. Select the bank account you would like to transfer funds out of
  4. Select the Wealthsimple account you would like to transfer funds into
  5. Enter the amount you'd like to transfer
  6. Schedule the frequency of the transfer (if this a one-time contribution select "Just this once")
  7. Choose a date for the transaction
  8. Click 'Submit deposit'

You can change your plan at any time by simply cancelling your existing PAC from the “Activities” page, then navigating to the "Move funds" tab to set up a new PAC.

 

How do I add or change my banking details?

Wealthsimple uses a secure service to verify your bank account information. It's the quickest way to safely link your bank account to your Wealthsimple account.

To add a new bank account, log in to Wealthsimple, go to the “Move funds” tab and click “Add a new bank account, under the "From" account dropdown. You'll be asked to select your bank and enter your online banking details. If you're new to Wealthsimple, you'll be prompted to do this when setting up your profile.

If your bank isn't listed or if you'd prefer to verify your bank account manually, please click here for step-by-step instructions on how to do that.

How do I transfer an existing investment account to Wealthsimple Invest?

We do our best to keep all our articles up-to-date, but the information on this page is subject to change at any time, without notice. If you have questions about how long it takes to deposit, transfer, withdrawal or trade your funds, you can view our article on money movement or reach out to our team.

You can transfer an existing investment account (ie. RRSP, TFSA, Personal, etc.) from another institution by following the below steps. We also recommend checking out our guide to learn how you can prevent your transfer from being rejected.

Instructions to transfer from your desktop:

1. Navigate to the "Move funds" page while signed in to your Wealthsimple Invest account.
2. Click "Transfer an account".
3. Follow the prompts to fill out details associated with the account at your current institution.
3.1 Note: If you're unable to find your institution after typing it into the search bar, please click "I don't see my financial institution" and fill in the institution name manually. You may then see the following prompt: "This institution does not support electronic transfers. To continue, please confirm this is the correct institution name." Feel free to click "Yes, it's correct" in order to move forward in the set-up process.
4. You'll be asked whether you want to transfer your investments “as cash” or “as is.” There can be fees associated with how you transfer your investments, so it's important to understand what the options are. You can read more about that here.
5. The final step will be to digitally sign off on your transfer request!
6. We'll take it from here and will reach out if anything further is required from you in order for us to complete the transfer request!

 

 

 

How can I transfer my pension to Wealthsimple?

Which accounts can I transfer?

You can transfer your Registered Pension Plan (RPP), Defined Contribution Pension Plan (DCPP), and Deferred Profit Sharing Plan (DPSP) to your Wealthsimple account so long as your employer is no longer making contributions to the plan. If you are unsure about if you can transfer your account to Wealthsimple, please contact us so that we can help out!

Do I transfer to an RRSP or LIRA?

If the funds in your employer plan are "locked in" they'll need to be transferred into a Wealthsimple LIRA account. You can open a new LIRA on the Add Account Page. You will want to ensure that the jurisdiction of the LIRA you open at Wealthsimple is the same as your existing account holding your pension funds. If the funds aren't locked in, they can be transferred into your RRSP.

What transfer documents do I need to complete?

If you are going to be initiating the transfer on your end, all the information required for a pension transfer should be outlined in a pension transfer package you may have received from your employer. If you haven't received a pension transfer package please contact your employer to request this package. If they don't provide you with a package, we can move forward using a T2151 form. The T2151 form is the transfer form specifically for pension transfers, which is attached to the bottom of this article can be completed using the information below.

If your employer doesn't provide a transfer package and specifies that you don't require a T2151 you can complete your transfer by following this guide.

Important details to help you complete the transfer documents:

Make sure to list "Canadian ShareOwner Investments" as the receiving institution. This is our back office. Their information is as follows if needed:

Name of Receiving Institution: Canadian Shareowner Investments Inc
Address: 241 Spadina Avenue, 3rd Floor, Toronto, ON, M5T 2E2
Specimen Plan Number/CRA Registration Number: RSP 521-145

Your CRA registration number can be found on your statement as well as your plan number.

Note: if you are completing the T2151 and are transferring into a LIRA, in Part D, please select the first option on the left. Then on the line that reads "RRSP plan number and name" please put your Wealthsimple LIRA account number followed by "LIRA".

You can find the account number for your LIRA or RRSP at any time in the My Documents section of our website. They are listed in each of your trade confirmations, monthly statements, and Investor Policy Statement

If you require any further assistance with this process please contact us.

Does Wealthsimple offer Two-Step Verification?

Absolutely! Also referred to as “Two-Factor Authentication” (2FA), Wealthsimple proudly supports the ability for you to activate this extra layer of security on your profile. Want to learn more about what Two-Step Verification is? Check out our FAQ here, or our magazine article here.

You can activate Two-Step Verification from both your Wealthsimple app as well as your Wealthsimple profile online. Please note that you will need either a cell phone or smartphone in order to activate Two-Step Verification.

To activate Two-Step Verification from your app, tap the small cog icon in the top-right corner of your screen and select “Security” from the list of options. From there you should see the option to begin activating your Two-Step Verification.

To activate Two-Step Verification from your profile online, click your name in the top-right corner of the screen and select “Settings” from the dropdown menu. On the “Settings” page select the “Security” tab. On this tab you will find the option to activate Two-Step Verification.

While activating Two-Step Verification, you'll be asked to choose which method you'd like to receive your verification through - via text (SMS message) or an app (like Authy or Google Authenticator). Select the method you prefer!

You'll also be given a Recovery Code - write this down for safe keeping. In the unfortunate event that you either lose your phone or it is stolen, you would no longer be able to access your account as you would no longer have the ability to receive your verification code. This is where your Recovery Code comes in - this code will grant you one-time access to your Wealthsimple profile so you can reset the Two-Step Verification using your new phone.