Everyday Fee Schedule
Below is a list of fees associated with normal day-to-day transactions. The only trading fee we charge is a currency exchange fee for USD trades of the current market rate + 1.5% — most brokerages charge around 2% on top of the market rate for currency conversion.
|Commission for US & Cdn listed securities||$0|
|Deposits via Bank Transfer (EFT)||$0|
|Withdrawals via Bank Transfer (EFT)||$0|
|Electronic Statements & Trade Confirmations||$0|
|Foreign Exchange Fee (CAD ⇆ USD)||Market Rate + 1.5%
(most brokerages charge around 2%)
|Outgoing account transfers to another institution – full||$125|
|Outgoing account transfers to another institution – partial||$75|
|Returned Cheque* or Non-Sufficient Funds (NSF)||$35|
*Please note that Wealthsimple Trade does not currently accept mailed cheques
By-request transactions or special & extenuating circumstance fees
The below list represent transactional fees that would only be incurred if the specified action were requested by the client and the request is approved by a Wealthsimple Trade representative.
|Paper Account Statement||$20|
|Special Requests & Investigation||$75 per hour|
|Voluntary Corporate Action/Election||$50|
|Wire Transfer (Incoming and Outgoing)**||$30|
|Broker assisted phone trade***
Important: We cannot accept trade orders via phone or email. See below for more details.
**If you wish to wire an amount greater than $50K our team may be able to make arrangements for the specified fee. Please email firstname.lastname@example.org for more details.
***The ability to submit a trade instructions via phone is available only in extenuating circumstances and can only be executed through Canadian ShareOwner Investment Inc.'s trade desk. Our Wealthsimple Trade Client Success team is not authorized to submit any trade orders on behalf of clients.
Note: The above list of fees is accurate as of November 15th, 2018. Fees or charges (excluding interest or commissions charged) will not be imposed or changed without 60 days written notice.