• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

Your Source for Canadian Fintech News

 
 
 
 
  • News
  • Interviews
  • Thought Leaders
  • Jobs
  • About

Wealthsimple Launches No-Fee Trading Service in Canada

August 16, 2018 by Fintech Newsdesk Leave a Comment

Wealthsimple is launching Wealthsimple Trade, a new stock trading platform with zero commissions for its Canadian users.

Starting today existing Wealthsimple customers are being invited to start using a beta version of the platform and encouraged to share feedback with the company before it undertakes a broader rollout.

The trading platform will only be available in Canada for now, although Wealthsimple does offer some of its products in the U.S. and the U.K. It will start by offering the ability to buy and sell shares of more than 8,000 Canadian and U.S. stocks and exchange-traded funds, and says it plans to keep adding to that number in the future.

Wealthsimple has raised about $125 million in funding and manages more than $2 billion for about 100,000 customers. While the company is one of the most well-known Canadian fintech startups, it will face stiff competition from popular trading app Robinhood if it wants to launch this product in the U.S.

Filed Under: News Tagged With: Wealthsimple

 
 
 
 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 
 
 

Email Newsletter

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Founding Sponsors

Recent Posts

  • Wealthsimple Launches Private Credit Opportunity for Retail Investors
  • As Digital Transactions Take Over Canada, Fraud Casts a Long Shadow
  • Obsiido Aims to Unlock Alternative Investments for Canadians ‘Like Never Before’
  • Shopify Integrates Google Cloud Tech to Arm Merchants with AI Tools
  • TD Bank Launches TD Insurance for Business in Canada

Copyright © 2023 Incubate Ventures | Privacy