Everyday Fee Schedule
Below is a list of fees associated with normal day-to-day transactions. The only trading fee we charge is applying a spread on the bid and ask prices at which buy orders and sell orders execute. Trading spreads are presented in the Wealthsimple Trade app.
For illustrative purposes, if you place an order to buy $100 of bitcoin and the trading spread is 150bps, you will pay $1.50 for the transaction. This spread covers custodial expenses charged by our third party custodian, Gemini, and Wealthsimple business costs.
Wealthsimple will not earn any other revenue from trading crypto-assets. In particular, Wealthsimple will not apply any of the following fees:
|Deposits via Bank Transfer (EFT)||$0|
|Withdrawals via Bank Transfer (EFT)||$0|
|Electronic Statements and Trade Confirmations||$0|
Note: The above list of fees is accurate as of August 5, 2020. Fees are subject to change on no less than 30 days written notice.