Wealthsimple TRADE Review & Walkthrough | FREE Stock Trades Canada - Griffin Milks

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Wealthsimple Trade is a self-directed online mobile brokerage offered by Wealthsimple, which also offers a Robo-Investment service called Wealthsimple Invest and a high-interest savings account.
Wealthsimple Trade is a mobile trading platform (brokerage) that allows users to trade stocks and other financial securities listed on major exchanges on a completely commission-free basis. Wealthsimple Trade started off as a pretty barebones application, offering users personal cash accounts only. Since it’s inception, the company has added a ton of new features, including the option of opening and trading with registered accounts. You can currently select between Cash, TFSA, or RRSP. #Wealthsimple #stockmarket #FreeStockTrades
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[@GriffinMilks]

Thank you to every viewer for an amazing 2019! The channel is where it is at thanks to you, and I can't wait for what 2020 has in store! 📈 ► Get $50 FREE on Wealthsimple Trade: wealthsimple.sjv.io/yxYA3 📈 My FREE Investing Course (Previously $200): skl.sh/3ODk1tN -Griffin

[@vinG91]

the 1.5% fees is a huge nono can you imagine, i take a position of 2k on a US stock and they charge me 30$ fee when i buy and 30$ when i sell 60$ FEES > 99% of other brokers and if i sell at a profit they charge me even more because they calculate on the current amount i opened a account there but i gonna cancel it till they get normal fees or at least a method to convert and hold US dollar one time instead at each transaction

[@lsx001]

2020: thank you for the wish, but the wish is not granted.

[@GriffinMilks]

Lol!

[@r4ti007]

Like fine wine

[@NickPeitsch]

The only free trading platform in Canada! Soon enough, the competition will flood into the industry.

[@GriffinMilks]

Agreed! Wouldn't be surprised if it was this year to be honest. Thanks for watching man!

[@dilpickel22]

NO fees on Interactive Brokers lite and you can buy USD which is really what you need makes it a far better deal with more powerful tools!

[@sebastiencarre2416]

@@dilpickel22 only for us citizens nah? how can you open an account as a canadian ?

[@debbiehazlett878]

@@sebastiencarre2416 Interactive Brokers has a Montreal office that offers their brokerage to Canadians.

[@Money.fanpage]

@@debbiehazlett878 would you say interactive broker is better than wealthsimple?

[@FatSack0fCrap]

Yes. Yes. I understand some of these words.

[@M.Hamidi.]

Thank you so much. I have been looking everywhere for a Canadian brokerage and a KZbinr that informs Canadians what's best for them

[@GriffinMilks]

Fantastic!

[@rudyando]

“Happy new year, I hope 2020 brings lots of joy, happy moments...” This didn’t age well at all.

[@GriffinMilks]

Well it was great in the markets!

[@luwamisaak2231]

be greatfull you are alive.

[@MarshmilloJB]

Hi Griffin 😃 Finally, a concise video about WST! I’ve been using the app for the past year, and it’s honestly lovely. Minimalist design, doesn’t try to profit from CAD trades, and no ads! 🥳 Now that stocks are down, time to buy like crazy ☺️ Thanks for the video! I’ll definitely be showing any friends that ask.

[@GriffinMilks]

Hi Jin, I’m glad you enjoyed the video!! Thanks for the support

[@myytacc4430]

do you buy and sell us stocks on wealthsimple trade?

[@MarshmilloJB]

@@myytacc4430 I do, and I only take profits. I never sell for a loss. Any loss would be multiplied by that day's exchange rate ;)

[@faithlover123]

Please help @jin b! 😓

[@IslamAhmedhrd]

Hi Jin, please share with us your experience with this App, how do you collect your profit and what if any time you decided to stop, how can you collect back your money that you invested?, any additional advices to consider if we want to start to use it please. also are you investing in companies that pay dividend.

[@XavierSabo]

I know I’m not the only one coming here now

[@butterdog7055]

Nope

[@josejohn2328]

@@butterdog7055 gamestonk

[@mrschips]

this is just a pit stop on the way to the moon

[@camilleamaclean]

Just downloaded the app! Hella excited to start learning about stocks!

[@davelamb3303]

Thanks for the video and showing actual use not just talking about it. All the best in 2020 to all, cheers!

[@GriffinMilks]

Yea I thought that was a necessary element for sure. Thanks for your continued support Dave! 👍🏻

[@soniaava9464]

Hello Mrs Lora is legit and her method works like magic I keep on earning every single week with her new strategies

[@rusielisabeth3884]

@Bernard Wayne Through her Wat's app👇

[@rusielisabeth3884]

Oh sure ±④④⑦④③⑤⑧⑧⑧④⑤④

[@saeedsofia6003]

Hello, Please how can I reach this Mrs Lora I've already lost enough of money trading for myself

[@davidjack9477]

Oh sure ±④④⑦④③⑤⑧⑧⑧④⑤④🌎🇬🇧🇬🇧

[@davidjack9477]

Trade with her and remember to share testimonies with others ☝️😊..🇬🇧🇬🇧

[@SophieAnnaston]

Just signed up! Excited to get started. Congrats on 22,000 subscribers!🥳

[@GriffinMilks]

Thank you! Good job signing up

[@jahanviyadav2384]

We’ve to do Invest , trade or cash??????? Please help

[@lilynguyen4298]

Just opened a TFSA account with Wealthsimple. Thank you very much for the information.

[@GriffinMilks]

Glad it was helpful!

[@andrewdixon681]

Much needed review! with robinhood and webull limited to the states, I appreciate this!

[@juandiserrato6239]

What is the difference between buying stocks in a TFSA account to a personal cash account on wealthsimple? Thanks

[@Daywalker_27]

X2

[@GriffinMilks]

Check out these two videos I made on this exact topic: kzbin.info/www/bejne/bKDbp5l9pLiqiLs kzbin.info/www/bejne/aWKpmoKrrZummZI

[@robbiethedoggo6713]

Awesome walkthrough! Thanks for being so transparent with this

[@GriffinMilks]

No problem! I make these videos to help the audience so its my pleasure :)

[@RippinBiscuits]

Exactly what I needed! Thanks! New investor here, starting my journey!

[@SACREDFlRE]

Good man to answer so many questions in the comments.

[@GriffinMilks]

Of course! Glad to always help

[@kl9043]

2:55 is when the video starts for anyone looking (no offense to the creator, gotta please that youtube algorithm )

[@basednative271]

THANK YOU

[@yinkafash3712]

I’m new to this and your videos are really helpful to get up to speed.

[@GriffinMilks]

Glad they are of value to you

[@Yotaciv]

I love the app for what it is. A simple and nearly free investment tool. 1.5% USD conversion fee. Ive noticed a few little cons, dividend % is calculated based off of last quarterly or monthly dividend x4 or x12. Skews if last dividend was above yearly average. The 15-30 minute delay in the morning. The lag on market data, on trades, and trade cancelling( not all that bad) It delayed cancelling by several minutes and bought shares into me now having -75$ to trade.

[@GriffinMilks]

Hi, great observations. I agree that it's still somewhat of a work in progress, but it's great for the time being. You certainly need other tools for further research, but commission free is such a huge positive.

[@patrickbateman9547]

few questions 1) How is their customer service? 2) Would you feel comfortable having 250k on this app either invested or in cash? 3) How easy and fast is it to go from "sold the stock to in your bank account in cash"? Thank you!

[@meranism673]

Poor guy, had no idea what's gonna happen in 2020 lol. Thanks for video tho!

[@GriffinMilks]

Well in term of investments, turned out pretty great for all of us

[@meranism673]

@@GriffinMilks Absolutely. But, I wouldn't agree with the term "all of us". Since I know some people that had an awful year in terms of stock market. And the reason I wrote that comment actually had nothing to do with stock market or trading, It was just funny to hear " I hope 2020 brings a lot of joy and happiness" and I reacted to that wish. Nothing personal, just was making fun of 2020 - that's all. Cuz it was a funny year. No offend pls :)

[@dujardinmtl]

Wow, you had shopify at the right time

[@GriffinMilks]

Still holding on!

[@shaistaamjad2023]

since you talk really fast and topics which all users are not aware of, it would be really helpful if you provided subtitles.

[@NoRushpk]

Id think this is a great idea for Americans as well! I like the CEO and the company's transparency. I don't want to be using Robinhood. Any thoughts on that?

[@xxxxDragon2xxxx]

I have just opened an account and I'm excited to make some $$$. Thank you

[@GriffinMilks]

Let's go!

[@hallbrandon8562]

I deposit 100 to 160 every two weeks into my current trade account and if I buy stock every time I pay 8.95 a trade plus a quartely fee of 25 . Even if I buy US stock of say even 200 dollars at 1.5 rate that's still cheaper than paying 8.95. Thinking I better make the switch

[@GriffinMilks]

Indeed. Paying a $8.95 fee on a $100 trade is not worth it, and will severely handicap your returns.

[@arushbhai]

How responsive is wealthsimple's app for quick scalp trades? Lets say 5 seconds trades.

[@GenExDividendInvestor]

Thanks.. Any thoughts on doing a video about your KZbin revenue from 2019?

[@GriffinMilks]

It may be something I would consider looking into. Not sure yet. Thank you for your continued support of the channel though and suggesting content ideas.

[@NickPeitsch]

Would love this!

[@gregfarlane148]

Killer review and walkthrough of Wealthsimple! Nice!

[@GriffinMilks]

Glad you enjoyed it! Zero commissions certainly is a great feature

[@Jlindss]

how safe is this, what if they company tanks and goes bankrupt? would you lose your total portfolio and money?

[@GriffinMilks]

Great question Nathan. I believe Wealthsimple is safe, as the company is actually much larger than it may appear. Wealthsimple has been around for the better part of a decade and holds over 5 billion dollars in investor funds. Your funds are CIPF protected up to $1M in your account against bankruptcy. Finally, Wealthsimple is owner by Power Financial, which also owns Investors Group, the largest consumer asset management company in Canada. Good luck investing and thanks for watching!

[@OctaneStreet]

Thanks this was pretty helpful to give me an idea of what WST is like without having to have made my own account in it. Time to check out a Questrade video.

[@GriffinMilks]

here is a questrade video I made: kzbin.info/www/bejne/gZ3IanqCf6l1fLc

[@ross4452]

Thanks for the review. This was very helpful. I think I'll stick with questrade for now though until Robin hood or M1 finance comes to Canada. Fingers crossed!

[@GriffinMilks]

Glad you enjoyed it Ross! Do keep in mind that they are adding new features every month, and the app is very user friendly. Good luck with your investing :)

[@simonqi1525]

My question is if i already have a TFSA account with another bank and decide to open up a TFSA account on WS trade, will my total TFSA entitlement be the sum of the money i have in both accounts? Also, can is it free to transfer within the WS trade, like from personal to TFSA? Thanks

[@GriffinMilks]

Yes it's free to deposit funds from your personal account to the WST TFSA. Also, you can have multiple TFSA accounts with various institutions, so long as your total contributions accross all accounts don't exceed your available contribution room.

[@unavailableuser2999]

Bro, so unfortunate that I'm watching this video for the first time in oct of 2020. I started laughing so hard after the first 14 seconds..... If you only knew

[@SJSMchick]

Great video, I use WS Trade but after today I'm not sure about whether I'd be able to use it with my trading frequency. Also now they have stop limit buy/sell orders and are working on adding USD accounts!

[@GriffinMilks]

What do you mean about your trading frequency. Yes adding USD account will be major ! Thanks for watching :)

[@SJSMchick]

@@GriffinMilks apparently you can't trade using a TFSA

[@SJSMchick]

I've recently discovered Interactive Brokers. I'm trying to figure out if it would be cheaper than WS Trade. 1.5% currency exchange fee to buy and sell vs at least 5 cents per share, I buy 3000 shares at most at a time (mostly penny stocks). Any advice?

[@AqibKingKhan]

If I buy crypto, should I purchase it from my TFSA account or the crypto account? Also if I purchase it from the crypto one can I sell it and put the cash back into my personal bank account?

[@harishpranavjagannath9599]

And another quick question: can you make pre-authorized contributions to your TFSA account on Wealthsimple platform?

[@GriffinMilks]

Yes you can

[@awetkb709]

How ?

[@GTTeck]

Great explanation video Griffin! And nice Mclaren 😏

[@GriffinMilks]

The dream for sure!

[@khalidhalim7739]

Whats the time period between buying the stock and Actually securing the stock?? Please advise

[@GriffinMilks]

It depends on the type of order that you place. A market order is typically quite quick. Limit order depends on the terms of the trade

[@khalidhalim7739]

Griffin Milks I believe it’s 15mins delay for buying stocks via WealthSimple trade

[@arpadpihes]

Great review Griffin! I’m surprised of how much wst has evolved since last spring. Great to see the development.

[@GriffinMilks]

Glad you enjoyed it Arpad! Thanks for watching and supporting the channel :)

[@seanwhelan8482]

Super new to this whole stock market, I've watched so many videos and this one truly helped me, thank you so much man!

[@GriffinMilks]

That’s great to hear that you found this video of value Sean! Let me know if you have any questions :)

[@seanwhelan8482]

@@GriffinMilks i have one question actually, whats the best way to contact you about it ?

[@GriffinMilks]

@@seanwhelan8482 Contact me on Instagram. Griffin Milks

[@jeremyremillard2267]

Shopify@ $500......oy! Its 1200plus today! Nice one

[@GriffinMilks]

Yea, crazy

[@JoeSchmoeInvesting]

Thanks bro. This was very helpful. Just signed up on the app. Hoping for a big up from you and everyone else in 2020!

[@GriffinMilks]

Sweet! Thanks for watching Mitchell, good luck with your investments in 2020. 📈👍🏻

[@Morgothlord47]

Hope ya didn't put anything in airlines

[@g12228]

i just have a question, im looking to buy some Jetblue airlines stocks but i cant find it on this app. does ant one know why is that ? they dont have it available on this app!

[@dannya3762]

Does WST have stop loss option? The 1.5% conversion fee only applies once when I buy a US stock using CAD, after that there isn't any fee right?

[@mikelorenzo9018]

Finally! Was waiting for this one

[@GriffinMilks]

Just in time then Mike!

[@geeta59]

Though Wealthsimple Trade is a good start for Canadians I wish we have access to M1 finance in Canada.

[@GriffinMilks]

I agree that it's a great alternative to the American platforms! Also, I'm sure they will be expanding into Canada within the year. Thanks for watching and have a great day!

[@geeta59]

Griffin Milks Thank you for the reply. Can I know your opinion on real estate investment in Atlantic Canada especially Halifax.

[@pokiblue5870]

id kill someone to have M1 finance in canada :0 their Ui is just too good and buying fraction shares. I wish Wealthsimple Trade had a Windows platform, i mean were in 2020...or make an ipad app at the very least....

[@nadiatyborowski6368]

I heard that it is better to open an RRSP oppose to a TFSA with Wealthsimple for trading because there is a higher withholding tax when trading with US EFTs for TFSA?

[@GriffinMilks]

See my TFSA mistakes videos.

[@joshstewart5491]

Clear explanation and great video quality man, keep it up.

[@GriffinMilks]

Thanks Josh! Really glad you enjoyed this one.

[@benoitdepeault9436]

What does it mean to pay a 1.5% conversion fee on USD financial securities? If I buy something to $1000 UDS (about 1333$ CAD), does it mean I pay 1.5% of the difference, so (1.5% of 333) = about 5 $CAD? And if so, does it mean that if you intend to make big transactions on USD financial securities you would be better with the fixed 9,50$ commission per transaction with TD?

[@kryspiniasty]

Great video, thank you! I've heard that trading within your TFSA may get a little tricky since CRA may ask you to pay taxes on your gains due to "day trading". How do you avoid that?

[@alexhamm-realestateinvesti5496]

Thanks for the tips, Griff.

[@andredionne8522]

I hope they will implement options trading as well with Wealthsimple trade

[@GriffinMilks]

I hope so too! Thanks for watching

[@johnbaylon6637]

Just a quick question. If you accidentally put funds on your personal instead of TFSA, is there any possibility that you can move that funds to the TFSA ?

[@GriffinMilks]

Withdraw the cash and move it over. If it's already invested, you'll have to sell before moving over the funds

[@CanadianMan1982]

I'm 39. screw the Tfsa. I got the RRSP cause I'm old. Only buying ETF high dividend stock in it. US and CAN stocks.personal account and rrsp. Personal account is for fun and hopefully $$$$

[@PassiveIncomeTom]

*Thanks for the update on this platform!* 👍

[@GriffinMilks]

My pleasure! Thanks for watching.

[@lindakhan9040]

I'm going to be signing up next month and I'm excited 😊

[@GriffinMilks]

Awesome!

[@flavianofloris4459]

How you doing after 4 months trading?

[@NetTV2020]

Any news

[@Antonio_shortz]

How’s it going?

[@Mr11Dragonslayer]

She's so rich that she won't talk to any of us

[@heinnaing2390]

Also, is there another way to transfer one tfsa into ws? Rather than wait the 5-6 weeks, can one transfer funds into a checking account and then transfer it over?

[@W111amw]

How Can I transfer my banking institution tfsa ( I’m with td) into wealthsimple trade tfsa ?

[@ehontcan]

I like WealthSimple. I use that.

[@GriffinMilks]

Thanks for watching!

[@Jazzyn1zzl]

Do you need a TFSA account to trade? And why is it preferred?

[@giramondo9996]

Love using the app. Learned about it in Money Sense and it continues to pay 'dividends'~!😁 Thanks for sharing great set of info as always!

[@GriffinMilks]

Haha nice Pun! My pleasure Wona!

[@sapphiregarden5]

In there, how does simple personal account works? Does it needs to be opened? Does a stock gain needs claim? How to claim the stock gain on simplewealth

[@kaceyjones7694]

Hey Griffin, looking to transfer my RBC account over to wealth simple trade. Thankyou for all the helpful info in the video! You didn’t mention the insurance of the company, what is covered and up to how much?

[@kaceyjones7694]

So I found my own answer to this CIPF covers up to 1’000’000 and it looks like they do not hold any extra insurance like Quest offers.

[@revans7240]

Can I transfer just a portion of my TFSA to wealth simple? I'd like to keep 90% with RBC and have 10% of my TFSA with wealth simple for short term commission free trades.

[@jamiejoan]

Just starting out, thanks for the info!

[@GriffinMilks]

No problem!

[@rochester3]

my only concern is if you are holding US stocks in you tfsa from another broker and you transfer your account to wealth simple, you might get charged the exchanged rate fee.. I will only use wealth simple just for Canadian stocks and use my bank for US stocks its much cheaper that way.. i only pay a 1 time spread to transfer money into my banks tfsa and i buy whatever stocks i want without additional fees besides the commission of 6.99 per trade

[@GriffinMilks]

Good solution and yes, you're right that this may be the case for transferring US securities to your WST account. $6.95 isn't too bad for trades anyways, especially if you are making larger trades at a time. Thanks for watching and good luck with your investing. :)

[@florush83]

How do you get the money from dividends? Were are they going to be deposited? In you app account or in you bank account?

[@GriffinMilks]

Dividends are deposited in cash into your trading account

[@florush83]

@@GriffinMilks shortly after I've posted the question, I received a dividend deposit in to my account. Thanks anyway!

[@natalyamedvedeva8311]

Hi Griffin! I am new in investment. Can I buy IPO through Wealthsimple?

[@chamiclement5878]

Hi I check . but I want to know when I sell which account they deposit the mony what I sell and how many days it's takes for the transaction. Thank you.

[@winstoncarter8542]

Everyone needs to know that there is a waitlist of atleast 10 days for new account opening at WealthSimple Trade, they take your money and then you have to wait, just wait and watch your money being wasted. Be Careful! They are not mentioning it on their website anywhere

[@tediaxmonetize]

I love Wealthsimple Trade ! just made so simple :)

[@GriffinMilks]

Glad you enjoy it! It sure is simple that’s for sure

[@simrans.1859]

Could you please explain how the transfer of an existing account works? Do you lose the TD. Account then?

[@wasifkhan367]

Can you regularly trade with TFSA? I was told that CRA will peanlise you if you active trade with TFSA.

[@GriffinMilks]

Yea, watch my day trading in a TFSA video

[@Shanonmcnab576]

It's real great for entry level. Some others can be quite complicated and I swear are meant for employees on Wall Street.

[@GriffinMilks]

Yes it’s definitely one of the best for beginners in Canada

[@annettebrunner5993]

Fast forward to 3 minutes ; )

[@dneuman7455]

Wealthsimple is not stock trading program its savings account and more interesting watch how long it takes to settle an accounts that aren't really traded and withdraw funds to your account.

[@GriffinMilks]

No, it is not a savings account

[@mbabcock111]

Can you verify the 1.5% exchange fee in this example? From Wealthsimple Trade, Non-registered account ORDER EXECUTION ONLY ACCOUNT - Transaction Confirmation Date: 23 Nov 2020 PLTR - Palantir Technologies Inc (Class A) Bought 10 shares Bought at $19.9478 USD per share Gross: $199.47 USD Exchange: 1.3260 Net Amount: $264.51 CAD Fee would be: $264.51 CAD - 1.5% = $3.96765 CAD Actual cost for shares without added fee: $260.54235 CAD Am I correct on this math? If so, this is cheaper than buying 10 shares on Questrade at $4.95, yes?

[@paolomanalo6103]

Sorry I might have missed it, but how do you sell your stocks? Is ot in this video?

[@1983Jacko]

Lol I had to laugh at the first 15 seconds :D

[@jinyu96]

This might be a real "dumb" question but what are the differences of opening a personal, tfsa, rsp account with wealthsimple?

[@GriffinMilks]

This is not a dumb question at all! Super important to fully understand what you’re investing in. Check out this video I made that explains it all: TFSA vs. RRSP vs. Cash | Investment Accounts for Beginners (EVERYTHING YOU NEED TO KNOW)

[@Punjabiinvestor]

If I have tfsa with td Can I open one tfsa in this app and stay under my limit!! Can I do that or I have to transfer all from there to here and open only one tfsa !!

[@sdiep9]

is it safe to trade on celphone? My cellphone is the old samsung galaxy s4. does it need any requirements for celphone? does celphone need to have virus protection to do the buy/sell transaction?

[@aldwinapruebo5278]

I chose personal account in wealthsimple trade, is that okay?

[@LaughterSmith]

I have two questions for you, Sir. Since I'm new to Wealth Simple, when I buy a stock not on a Market Value but on a Limit Buy, when the US stock gets cancelled, will I still be charged an exchange rate, although the trade did not go through? My second question, I tried to buy a stock on a market value after the market closed at 4pm, next day, I was unable to buy that stock? Is there a way around?

[@user-wy2zp7rv3u]

Is it worth to buy us stock on it? I see there's a exchange rate of x1.5 which is too high

[@GriffinMilks]

It’s definitely high if you’re doing in a lot. I would suggest questrade if you’re looking to do a lot of US stock trading. I made a full video review of it if you’re interested

[@iodicacid2268]

Similar to a buy limit, is it possible to create a sell limit, where you can automatically sell the stock once it reaches a specific price?

[@ankithshetty1534]

Crisp and clear content..

[@GriffinMilks]

Thank you!

[@qianwange]

Great video, really helpful! just wondering, can I buy mutual funds from wealthsimple platform? if not, how/where can I buy mutual funds? Also, what do you think of Asian market going forward? Do you have a video talking about it? thank you!

[@loveearth6863]

Hey. I have one question. For rental income expenses do i enter monthly expense amount or yearly amount. Because it calculate both but doesn't give any error or tip?

[@matthewsingh6178]

Hey Griffen, What account would be the best to open if I already have my rrsp and tfsa maxed out? I want to be able to buy and sell without worrying about over contributions. I'm looking to trade weekly, if there is anything you would recommend

[@DG-rr5pw]

Only thing that bugs me is that you don’t really have access to too many stocks. ETFs are limited as well as stocks such as nio niu shhl etc. Apart from that great app

[@Suresholee]

Hi !Thank you for info. How to transfer from personnel to TFSA?

[@GriffinMilks]

If you mean personal trading account, you can most likely just initiate an internat transfer if you are holding cash. If it’s a personal checking account, it’s just a standard transfer. Thabks for watching Suresh, subscribe for more! :)

[@vancitydre5785]

I’m currently using this app, only a Tfsa account. I’m only holding Canadian companies for now. If I wanted to start buying American dividend paying companies, where’s the better option to hold them? I heard questrade is better to buy USD stocks over wealth simple trade ( fees are quite high). Should I hold those investments in a tfsa or rrsp? What’s better for USD stocks right now. Questrade or Wealthsimple Trade?? Thanks Love the vids

[@GriffinMilks]

For US stocks, Questrade. Thanks for wtaching!

[@swass1622]

I have checked their website , it's says funds protected by CIPF but i couldn't see wealth simple in the member directory of CIPF nor their website. Can you please confirm if they have CIPF. Thanks

[@GriffinMilks]

They are. It would be fraud to and incorrect advertising on their website if they were not.

[@bryfrench8421]

What happens if you flip stocks too much in a TFSA account on WealthSimple Trade? Say I make a $4000 year profit but made a ton of trades ..Will the CRA raid my account?

[@GriffinMilks]

You aren’t supposed to do what’s called “business intended investing” in a TFSA. Day trading is not permitted, and your account could get flagged, yes. Thanks for watching!

[@cindyxc.]

If I continue the order does that mean when the market opens it will automatically fulfil the order without me doing anything? What if I continue but decide to cancel the order before the market opens is there a cancel option ? Thank u

[@leoncai6659]

I was wondering how the delayed data worked? If I buy a stock will it take 15 minutes to execute or will i buy it at the current (not delayed) price?