Can I buy or sell options using the Wealthsimple app?

Once you have successfully completed this step, you'll be able to buy or sell options in any of your self-directed trading accounts using the Wealthsimple app. There is no minimum account balance required. Currently, options trading is only available through the Wealthsimple mobile app, in your DIY accounts.

What is Wealthsimple Trade?

Wealthsimple Trade is Canada’s only commission-free trading platform. So you can buy and sell thousands of stocks, without extra fees. You can use it to build your own passive investing portfolio of ETFs, like the ones we make, or just to buy shares in companies you believe in. And like Wealthsimple Invest, your account is protected by the CIPF.

How safe is Wealthsimple?

Your deposits and securities are protected through CDIC or CIPF within specified limits, and we use state-of-the-art encryption to help keep your data and money safe. Invest and save $100,000 across your Wealthsimple accounts to unlock a market-leading everyday interest rate on your cash. Trade coins with confidence.

Does Wealthsimple charge a per-contract fee?

Wealthsimple automatically charges a per-contract fee on all successful buy orders. This fee is determined by your subscription status. You can learn more about our contract fee and all other options fees in the “Pricing” section below. Choose the contract you’d like to purchase from the option chain.