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Have you ever heard of Wealthsimple?

While you may have heard of RobinHood before… have you ever heard of WealthSimple?

•• 1 Min
Have you ever heard of Wealthsimple?

Wealthsimple is essentially the “Canadian equivalent” to Robinhood in the way that the platform is geared towards millenial investors and charges **ZERO TRADING COMMISSIONS** on thousands of different Canadian Stocks, Mutual Funds, ETF’s, and more. Wealthsimple was originally known for its robo-advisor service, ‘Wealthsimple Invest’, which is a “set-it-and-forget-it” portfolio of low-fee exchange-traded funds (ETF’s). Wealthsimple also has a self-directed trading platform called **Wealthsimple Trade**… and it’s a little different. Wealthsimple Trade is Canada's only $0 commission stock trading app. They advertise it as “a simpler way to trade,” and it’s hard to argue with that. Wealthsimple Trade is only accessible with a mobile app. You can only open a handful of account types. You can trade stocks, ETF’s, Mutual Funds, and even Cryptocurrencies. ![Wealthsimple](https://cms.dot-news.de/sites/default/files/inline-images/Wealthsimple%20Image.png) Wealthsimple Trade doesn’t have all the bells and whistles of most self-directed investing platforms. There’s no market research, data tracking tools are rudimentary, and even **their stock quotes have a 15 minute delay**. On the other hand, it also charges no commission fees, no withdrawal fees, and no inactivity or maintenance fees. [![Wealthsimple Video](https://cms.dot-news.de/sites/default/files/inline-images/Wealthsimple%20Video.png)\](https://www.youtube.com/channel/UCbJXYtqMuLwd0S7pi\_QGGzw)

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