Investing

Help with Wealthsimple

  • Last Updated:
  • Feb 23rd, 2021 1:11 pm
[OP]
Member
May 27, 2013
433 posts
28 upvotes

Help with Wealthsimple

Their customer service is busy so I figured I would ask her .

I haven't transfered funds yet . But how does it work I was invest in tsx and nyse does it get fund out of same account. Cad /usd?
5 replies
Deal Addict
Jun 18, 2018
1323 posts
819 upvotes
Toronto
Are you transferring to WS or out of WS? If you are transferring funds out of WS, you need to reach out to the institution you're transferring to.

You instruct the institution you want to transfer in-kind, which means they don't sell the stock and just transfer the shares.
[OP]
Member
May 27, 2013
433 posts
28 upvotes
Transferring to ws . So I can buy stocks in tsx and nyse
Deal Addict
Apr 8, 2006
1052 posts
220 upvotes
You can buy with Canadian dollars
When purchasing US stocks you are charged 1.5% fee in addition to the current exchange rate.
Sr. Member
Jan 6, 2015
988 posts
296 upvotes
No good on US stocks unless you feel your stocks can cover FX fee.
No US account this year at least, even they say they intend to add, but no timeline.
Transfer waiting time depends, it cost me 40 days since I hold some warrants and smallcap which WS does not support.
Deal Addict
User avatar
Nov 26, 2011
3134 posts
429 upvotes
You should specify Wealthsimple Trade and not just Wealthsimple

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