How does Wealthsimple Trade have $0 commission trading when other brokerages charge up to $10/trade? We're able to offer commission-free trades because we've built a low-cost, digital-first brokerage powered by technology.

Is Wealthsimple really free?

Low account minimum and no extra fees: The $0 account minimum for the Wealthsimple Basic offering is a low hurdle to get started. ... Wealthsimple charges no fees on transfers (in or out) or trading and all accounts receive a few extras, discussed below.

How does Wealthsimple make money?

Wealthsimple makes money on the exchange rate when its customers buy US stocks. When you trade American stocks with Wealthsimple they charge you a 1.5 percent currency conversion fee.