There could be a few reasons why a particular asset you're searching for is not appearing in the app.
First, we recommend double-checking that you have the spelling of the company or symbol correct (it happens)!
Second, verify that the asset you're looking for is indeed either a stock or ETF! Any other asset type is not currently supported (such as options, preferred shares, Mutual Funds, GICs, etc. - see a full list here). Assets must also be CDS eligible in order to appear in the app.
Next, we currently only support trading on these exchanges (NYSE, NASDAQ, TSX, TSX-V). If the asset you're looking for is listed on another exchange or is traded Over-the-counter (OTC) you will be unable to purchase it on this platform. The asset will also not appear if it has been delisted.
If you're still not seeing the asset, it could mean that it does not meet some of Wealthsimple's requirements. We impose a price constraint of $0.50 per share minimum (based on the 52-week high of the stock) as well as a volume constraint where average daily volume must exceed 50,000 shares. Note that both of these constraints only apply to stocks and not ETFs.
In addition, if the asset is listed on both a US exchange and a Canadian exchange (i.e. it is a dual-listed security), we currently will only support the asset listed on the Canadian exchange.
If you own a stock or ETF within your Trade account that is no longer supported, we'll still allow you to sell it as long as the stock has not been delisted and is still being traded (there can sometimes be other reasons we cannot sell a stock that are beyond our control). You'll just be unable to purchase additional shares.
To summarize, in order to purchase an asset on Trade, it must:
- be a common stock or ETF,
- be actively listed on a supported exchange (NYSE, NASDAQ, TSX, TSX-V),
- be CDS eligible,
- have a 52-week high price that exceeds $0.50 (stocks only, excl. new issues like IPOs),
- have an average daily volume that exceeds 50,000 shares (stocks only, excl. new issues like IPOs),
- and be the Canadian-listed security if dual-listed
If you believe the security you're interested in satisfies all of the above criteria and you still can't find it, it's likely that the security is not CDS eligible, as this information can be difficult to find on public resources. For example, Disney is not currently CDS eligible and therefore not available on the Trade platform.
We're constantly updating which assets we support, so the list of available assets will likely grow over time!
For more information on how to search for a stock or ETF, check out our article here.