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Does Wealthsimple trade after hours? Trading hours, settlement and day-trading rules

By Alex Francisco Updated Figures checked 13 min read

Does Wealthsimple trade after hours?

Wealthsimple does trade after hours: eligible US-listed stocks and ETFs trade 24 hours a day, five days a week, from Sunday 8:00 pm to Friday 8:00 pm ET. Canadian-listed stocks trade only in the regular 9:30 am to 4:00 pm ET session, gold and crypto trade 24/7, and stock trades settle one business day later (T+1). YieldMaple checked Wealthsimple's 24 Hour Trading Disclosure on September 24, 2026.

  • Wealthsimple's 24-hour market covers a limited list of US-listed stocks and ETFs from Sunday 8:00 pm to Friday 8:00 pm ET; Canadian-listed stocks and ETFs trade 9:30 am to 4:00 pm ET only.
  • Outside regular hours there are three US sessions: pre-market from 4:00 am to 9:30 am ET, post-market from 4:00 pm to 8:00 pm ET, and overnight from 8:00 pm to 4:00 am ET.
  • Gold and crypto trade 24/7, including weekends; gold trades in the app only, and crypto held at Wealthsimple is not protected by CIPF, CDIC or any other investor protection insurance scheme.
  • Stock and ETF trades settle one business day after the trade date (T+1), and an overnight trade placed after 8:00 pm ET counts as the next business day's trade.
  • Day trading costs $0 in commission, but a US stock bought and sold from a CAD account pays the 1.5% conversion fee on the buy and again on the sale.
  • Margin is available by application at 4.95% for Core clients in CAD, but frequent trading inside a TFSA can be taxed by the CRA as business income.

— YieldMaple, figures checked against official sources on October 7, 2026.

Does Wealthsimple trade after hours? Yes: for a limited list of US-listed stocks and ETFs, Wealthsimple runs a 24-hour market five days a week, while Canadian stocks keep regular exchange hours. This guide lays out every Wealthsimple trading session, when trades settle, what active trading really costs, and whether Wealthsimple suits day trading at all. YieldMaple checked Wealthsimple’s 24 Hour Trading Disclosure, its order-handling disclosure and its trade fee schedule on September 24, 2026. All times are Eastern Time (ET).

Wealthsimple trading hours at a glance

Wealthsimple trading hours by asset (Eastern Time, checked September 24, 2026)
Wealthsimple trading hours by asset (Eastern Time, checked September 24, 2026)
Feature When you can tradeWeekends
US-listed stocks and ETFs on the extended-hours list 24/5: Sunday 8:00 pm to Friday 8:00 pm ET (better on this row) Sunday evening only
Other US-listed stocks and ETFs 9:30 am to 4:00 pm ET, Monday to Friday No
Canadian-listed stocks and ETFs 9:30 am to 4:00 pm ET, Monday to Friday No
US-listed options Regular hours (some contracts accept orders later than 4:00 pm ET) No
Gold 24/7, in the app only (better on this row) Yes
Crypto 24/7 (better on this row) Yes
Settlement of stock and ETF trades One business day after the trade (T+1) Weekends don't count as business days

Sources: Wealthsimple 24 Hour Trading Disclosure, Best Execution and Order Handling Disclosure, active-trading page, gold page and Learn guides, checked September 24, 2026.

Does Wealthsimple trade after hours?

Yes: Wealthsimple Investments Inc. offers 24-hour trading on US-listed stocks and ETFs, from Sunday 8:00 pm ET to Friday 8:00 pm ET.

The catch is the word “eligible.” Wealthsimple says only a limited selection of US-listed stocks and ETFs trades during extended hours. To see which ones, search the Discover tab in the Wealthsimple app for the “extended hours trading” category. Everything else, including every Canadian-listed stock and ETF, trades in the regular 9:30 am to 4:00 pm ET session.

Wealthsimple markets this as the longest trading hours in Canada. On US stocks, its 24/5 window is longer than the published extended hours of Moomoo Canada and CIBC Investor’s Edge, compared further down this page, but YieldMaple didn’t check every broker’s night session. Wealthsimple isn’t the only Canadian platform with one: Webull Canada also advertises overnight trading on its website, so compare session times there if night trading is your main reason to choose a broker. If a Canadian company is also listed in New York, you choose the listing when you place the order; the US listing may be on the extended-hours list, but buying it from a CAD account adds the currency fee covered below.

What are Wealthsimple’s trading hours, session by session?

Wealthsimple splits the US trading day into four sessions (pre-market, regular, post-market and overnight), and Canadian listings use only the regular session.

Wealthsimple trading sessions for eligible US-listed stocks and ETFs
Wealthsimple trading sessions for eligible US-listed stocks and ETFs
Feature Eastern Time (Toronto)Pacific Time (Vancouver)What trades
Pre-market 4:00 am to 9:29:59 am 1:00 am to 6:29:59 am Eligible US-listed stocks and ETFs
Regular session 9:30 am to 4:00 pm 6:30 am to 1:00 pm All listed Canadian and US stocks, ETFs and options
Post-market 4:00 pm to 8:00 pm 1:00 pm to 5:00 pm Eligible US-listed stocks and ETFs
Overnight (Sunday to Thursday nights) 8:00 pm to 4:00 am 5:00 pm to 1:00 am Eligible US-listed stocks and ETFs, routed to Blue Ocean

Source: Wealthsimple 24 Hour Trading Disclosure (session times in ET). Pacific times are ET minus three hours.

A few order-handling rules from Wealthsimple’s Best Execution and Order Handling Disclosure matter if you trade around the clock:

  • Day orders that haven’t filled expire at 4:00 pm ET. A day order entered after the close, or on a weekend or holiday, is queued for the next trading day and expires at the end of that day if it doesn’t fill. Expired day orders in Canadian-listed stocks can sometimes join the exchange’s Price Movement Extension session, which can run until 4:10 pm ET; that is the only after-close trading the disclosure describes for Canadian listings.
  • Extended-hours orders have to be flagged as such during order entry. One entered before or during pre-market stays live through the pre-market, regular and post-market sessions that day, then expires at the end of the extended session at 8:00 pm ET if it hasn’t filled.
  • Holidays: Wealthsimple follows the Canadian exchanges’ holiday calendar for Canadian listings and the US calendar for US listings. The two differ, so one market can be open while the other is closed, and sessions are shortened on early-close days.
  • Options trade in regular hours. Wealthsimple’s extended-hours guide lists US-listed options among the things that can’t be traded after hours, although its order-handling disclosure says some contracts trade later in the day, so Wealthsimple may accept orders for them after 4:00 pm ET.

For Vancouver and the rest of Pacific Time, subtract three hours: the US trading week opens Sunday at 5:00 pm PT and the regular session starts at 6:30 am PT.

Can you trade pre-market or overnight on Wealthsimple?

Yes, for eligible US-listed stocks and ETFs: pre-market runs 4:00 am to 9:30 am ET and overnight runs 8:00 pm to 4:00 am ET, but both carry extra risk.

Wealthsimple’s night trading runs through Blue Ocean, an alternative trading system that isn’t required to display prices publicly. Wealthsimple’s 24 Hour Trading Disclosure spells out what can go wrong outside regular hours:

  • Thin liquidity. Your order may fill only partly, or not at all.
  • Bigger price swings, which the disclosure says can be especially true of ETFs, and wider spreads.
  • Prices that don’t match other venues. An order can fill at your limit even if the stock trades better elsewhere.
  • Overnight price checks. Orders priced too far from the evening reference price can be rejected, and overnight orders may not be price-protected.
  • Little or no help. Support is limited during extended sessions, and Wealthsimple offers no platform support at all overnight.

Wealthsimple’s extended-hours guide adds that only limit orders are allowed outside regular hours, and its active-trading page says fractional orders placed outside trading hours are queued and fill once the market opens again. After-hours news, such as an earnings release, is the main reason to use these sessions; the thin market is the main reason to size orders cautiously.

Does Wealthsimple trade on weekends?

Gold and crypto trade on weekends at Wealthsimple; stocks and ETFs don’t, except that the US overnight session opens Sunday at 8:00 pm ET.

  • Saturday: no stock or ETF trading. An order entered without the extended-hours option waits for the next regular session.
  • Sunday from 8:00 pm ET: eligible US-listed stocks and ETFs start trading in the overnight session.
  • Crypto: 24/7, with 170+ coins listed. The cost is a flat 0.5% trading fee plus a price spread on market orders (the rate without Active Trader status). Crypto at Wealthsimple is not protected by CIPF, CDIC or any other investor protection insurance scheme.
  • Gold: 24/7 physically backed gold with fractional amounts and real-time pricing, in the app only (Wealthsimple says gold trading isn’t available on the web for now). You can trade gold in any Wealthsimple Trade account, including a TFSA or RRSP, and coin redemption works only from non-registered accounts. Wealthsimple says gold held in the account is covered by CIPF, and that coverage ends once you redeem it for coins. The guide to gold trading on Wealthsimple covers fees, coins and how to place an order.

How do you trade after hours on Wealthsimple?

Pick an eligible US-listed stock, enter a limit order, and mark it for extended or 24-hour trading during order entry; otherwise it waits for the next regular session.

  1. Check eligibility. In the app, search the Discover tab for the “extended hours trading” category.
  2. Choose the account. From a Canadian-dollar account, every US trade pays the 1.5% conversion fee on the buy and again on the sale. The Wealthsimple USD account guide shows when a USD account pays for itself.
  3. Enter a limit order. Set the most you’ll pay or the least you’ll accept.
  4. Pick the session. Wealthsimple’s order-handling disclosure makes you responsible for choosing whether an order stays open for 24 hours or for regular hours only.
  5. Submit once. Entering the same order in several sessions risks duplicate orders, and a fill confirmation may only arrive in the next session.

How long does a Wealthsimple trade take to settle?

Stock and ETF trades at Wealthsimple settle one business day after the trade date (T+1), the standard cycle for Canadian stock trades described in Wealthsimple’s guide to how the stock market works.

Wealthsimple’s Norbert’s gambit guide dates the move to T+1 to May 27, 2024. Overnight trades shift that schedule. Wealthsimple treats any trade executed after 8:00 pm ET as a trade made on the next business day. Its disclosure gives the example of an overnight trade placed on December 10: it counts as a December 11 trade and settles on December 12. Weekends and market holidays aren’t business days, so a Friday trade settles on Monday unless Monday is a holiday.

What settlement means in practice:

  • Buying with new deposits. Instant deposits let you invest before a bank transfer clears, up to $50,000 for Core clients and up to $250,000 for Premium and Generation clients.
  • Reusing sale proceeds. Wealthsimple’s public pages don’t publish a rule on trading with unsettled proceeds, so check the buying power the app shows before you plan to recycle the same cash several times in one day. Wealthsimple’s own Norbert’s gambit guide shows the risk: sell the US shares before the Canadian purchase has settled and been journaled over, and a broker might treat the sale as a loan and charge interest.
  • Withdrawing. Once cash has settled, a standard bank-transfer withdrawal has no Wealthsimple fee. An instant withdrawal from an investment account costs 2.5%.

Can you day trade on Wealthsimple?

Yes: you can buy and sell the same stock many times a day for $0 commission, and Wealthsimple publishes no limit on the number of day trades.

What Wealthsimple gives active traders:

  • Charting and speed. Wealthsimple’s active-trading platform offers sub-day chart intervals, candlesticks, technical indicators such as moving averages, RSI and VWAP, trading directly from the chart, hot keys and free real-time streaming quotes.
  • Order types. Market, limit, stop-limit (stocks, ETFs and options), stop-market (stocks and ETFs) and bracket orders that pair a take-profit with a stop-loss. Orders can be day, good-till-cancelled or good-till-date.
  • Active Trader status. Place 50 or more manual trades in a calendar month and you get priority support, free broker-assisted phone trades and early access to new tools. Miss the threshold for one month and a grace month applies; miss two in a row and the benefits pause.
  • Options at US$0 per contract, with covered calls, secured puts and multi-leg spreads such as verticals and calendars. The Wealthsimple options trading guide covers approval levels and costs.

What’s missing: Wealthsimple’s active-trading page doesn’t advertise Level 2 (depth-of-book) data, its order-handling disclosure lists no trailing-stop orders, short selling isn’t among its margin strategies, and Canadian stocks get no extended hours. Wealthsimple is also order-execution only — Wealthsimple makes no recommendations and doesn't check whether your trades suit you.

On the pattern-day-trader question: that label comes from FINRA’s rules for US brokerages, and the SEC’s Investor.gov says FINRA’s new intraday margin requirements replace the pattern-day-trader requirements from June 4, 2026, with a transition period for brokerages until October 20, 2027. Wealthsimple is Wealthsimple Investments Inc. (WSII), a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF), and none of its published trading terms set a minimum balance or a cap on day trades.

What does day trading on Wealthsimple actually cost?

Commissions are $0, so the real costs of day trading on Wealthsimple are currency conversion on US trades, margin interest and tax.

A worked example. Take a trader who makes 20 round trips a month (a buy and a matching sale), each worth C$1,000, and assume neither the share price nor the exchange rate moves:

  • Canadian-listed stocks and ETFs: $0 commission on all 40 trades and no conversion, so nothing in Wealthsimple fees.
  • US stocks from a CAD account: each buy and each sale pays the 1.5% fee on top of Wealthsimple’s exchange rate. Using the formula in Wealthsimple’s fee schedule, C$1,000 that goes in and comes straight back out returns about C$970.23. That is about $29.78 per round trip, or roughly $595 a month.
  • US stocks from a USD account (Core): no conversion fee on each trade. You pay $10 a month for the account plus a conversion when you move money in, priced 1.5% under $10,000; 1.0% from $10,000; 0.5% from $25,000; 0% from $100,000. Converting C$5,000 once costs about $75, and converting back later costs the same rate again. Premium and Generation clients get the USD account free.
  • At a big-bank brokerage instead: 40 trades at TD Direct Investing’s standard $9.99 commission come to about $400 a month before any currency cost.

The lesson for US day traders is simple: trading US stocks from a CAD account turns a commission-free platform into an expensive one. A USD account fixes most of it. For converting larger sums, Norbert’s gambit swaps the percentage fee for a small flat fee to journal the shares plus the bid-ask spread, as Wealthsimple’s own guide explains; the steps are in Norbert’s gambit on Wealthsimple.

Margin interest. Carrying a C$10,000 margin balance costs about $1.36 a day at the Core CAD rate of 4.95%, or about $1.22 a day at Premium’s 4.45%. Wealthsimple’s margin interest is calculated daily and charged monthly.

Tax. In a non-registered account, the CRA can treat frequent trading as business income, in which case the whole profit is taxable rather than half of it, per Wealthsimple’s guide to taxes for options traders. The superficial loss rule also bites day traders: if you sell at a loss and buy the same stock back within 30 days before or after the sale, and still hold it 30 days later, the loss is denied and added to the new position’s cost base.

Should you day trade in a Wealthsimple TFSA?

Usually not: the CRA can tax frequent, business-like trading inside a TFSA as business income, which removes the account’s tax-free benefit.

The CRA’s TFSA guide RC4466 (its last edition is now marked cancelled on Canada.ca) gives income from a business carried on by a TFSA as an example of income that is taxable inside the account. Wealthsimple’s TFSA FAQ explains how the CRA decides: there is no set number of trades that crosses the line, and it weighs how often you trade, how long you hold, the time you spend, whether you use margin or specialized knowledge, and whether you are trying to profit from short-term price moves. If the CRA reassesses, the tax can reach back to past years, with arrears interest and possible penalties.

Two more TFSA limits matter to active traders. Canadian rules bar short selling in TFSAs and RRSPs. And while Wealthsimple lets you link a TFSA to a margin account so its assets add buying power (without affecting your contribution room), that means borrowing against the assets in your tax-free account. The Wealthsimple TFSA guide and the TFSA tax trap explainer cover the rules in full.

Can you use margin or short sell on Wealthsimple?

Margin, yes, by application, at 4.95% for Core clients in CAD, but Wealthsimple’s margin page doesn’t list short selling among supported strategies.

Wealthsimple’s CAD margin rate falls as your assets grow: 4.95% on Core, 4.45% on Premium (from $100,000 in assets) and 3.95% on Generation. USD borrowing costs 7.5% on Core. Its margin FAQ lists what you can currently trade on margin: Canadian and US stocks and ETFs, long calls, long puts and covered calls, with options strategies limited to US assets. Leverage depends on each security’s margin requirement; Wealthsimple’s own example is up to 3.33x your available margin at a 30% margin requirement.

Borrowing magnifies losses as well as gains, and a falling account can trigger a margin call that forces you to add cash or sell. The Wealthsimple margin account guide compares margin with the portfolio line of credit.

Wealthsimple vs other Canadian brokers for active trading

Wealthsimple’s US trading window is longer than the published extended hours of Moomoo Canada and CIBC Investor’s Edge, but it is not the cheapest or best-equipped option for every kind of active trader.

Extended trading hours at three Canadian brokers (ET)
Extended trading hours at three Canadian brokers (ET)
Feature US stocks outside regular hoursCanadian stocks outside regular hours
Wealthsimple 24/5: Sunday 8:00 pm to Friday 8:00 pm, eligible list (better on this row) None (9:30 am to 4:00 pm only)
Moomoo Canada pre-market from 4:00 to 9:30 a.m. ET and after-hours from 4:00 to 8:00 p.m. ET pre-market from 8:00 to 9:30 a.m. ET and after-hours from 4:15 to 5:00 p.m. ET (better on this row)
CIBC Investor's Edge 7:00 a.m. to 6:00 p.m. ET Not stated on CIBC's pricing page

Sources: Wealthsimple 24 Hour Trading Disclosure; Moomoo Canada trading-hours pages; CIBC Investor's Edge pricing page. Checked September 2026.

Trading costs for active traders (September 2026)
Trading costs for active traders (September 2026)
Feature WealthsimpleMoomoo CanadaInteractive BrokersQuestrade
US stock commission $0 (better on this row) US$0.0099 a share, with a US$1.99 minimum per order US$0.005 a share, with a US$1.00 minimum and a cap of 1% of the trade value per order $0 to buy and sell Canadian and U.S.-listed stocks and ETFs
CAD to USD conversion 1.5% each way from a CAD account 0% fee, plus an unpublished spread typically 0.03% added to the exchange rate, with no separate commission (better on this row) 1.5%
CAD margin rate (smaller balances) 4.95% Core, 4.45% Premium 4.45% 3.606% (better on this row) CAD prime + 4.25%

Sources: each broker's pricing, currency and margin pages, checked September 2026. IBKR figures are its Fixed pricing and auto currency conversion; Questrade's margin rate applies to debit balances under $100,000.

Where each rival wins:

  • Interactive Brokers has the lowest fully published conversion cost of the four for trading US stocks with Canadian dollars. Its auto currency conversion costs typically 0.03% added to the exchange rate, with no separate commission, against 1.5% each way at Wealthsimple (Moomoo Canada charges no conversion fee but doesn’t publish its spread). Commissions are US$0.005 a share, with a US$1.00 minimum and a cap of 1% of the trade value per order, its CAD margin rate is 3.606%, and it offers 100+ order types, from limit orders to algorithmic orders. See Wealthsimple vs Interactive Brokers.
  • Moomoo Canada reaches the Canadian pre-market and after-hours sessions that Wealthsimple doesn’t, and its US Level 2 quotes show up to 60 bids and asks. That data comes with a 30-day free trial for new users, then free in any 30-day period with 3 or more trades or CA$20,000+ in average assets. Its US stock fee is US$0.0099 a share, with a US$1.99 minimum per order. See Wealthsimple vs Moomoo.
  • Questrade also charges $0 to buy and sell Canadian and U.S.-listed stocks and ETFs. Its dual-currency accounts are free — every account can hold both Canadian and US dollars, so you can convert once and then trade US stocks in US dollars. The trade-offs: its CAD margin rate is CAD prime + 4.25%, and Level 2 data costs US$44.95 a month. See Wealthsimple vs Questrade.
  • CIBC Investor’s Edge offers US extended hours of 7:00 a.m. to 6:00 p.m. ET, a shorter window than Wealthsimple’s, with a standard commission of $6.95 per online stock or ETF trade.

For a wider ranking, see the best brokerage for day trading in Canada.

Who should (and shouldn’t) day trade on Wealthsimple

Wealthsimple fits you if:

  • You actively trade Canadian-listed stocks and ETFs, where $0 commission and no currency conversion make each trade free of Wealthsimple fees.
  • You trade US stocks from a USD account, especially at Premium or above, where the USD account costs nothing.
  • You want to react to US earnings and news at night: the 24/5 window runs longer than Moomoo Canada’s or CIBC Investor’s Edge’s published extended hours.
  • You want stocks, options, gold and crypto in one app, with gold and crypto open on weekends.

Look elsewhere if:

  • You trade US stocks often from Canadian dollars and won’t open a USD account: on a C$1,000 trade, the 1.5% fee is about $15 each way, more than TD Direct Investing’s $9.99 standard commission.
  • You need to short sell, use trailing stops or read Level 2 depth.
  • You want to trade Canadian stocks before the open or after the close.
  • You were planning to day trade inside your TFSA.

The verdict

Wealthsimple does trade after hours, and its 24/5 US session, $0 commissions and 24/7 gold and crypto make it a capable platform for casual active traders. It is weaker for full-time day traders: no short selling on its margin list, no advertised Level 2 data, no Canadian extended hours, and a conversion fee that punishes US trading from a CAD account. If you do trade actively here, use a non-registered account, keep US trades in a USD account, and treat the overnight session as a thin market.

This page is general education, not financial advice. Check Wealthsimple’s current disclosures before you rely on a session time or fee.

Frequently asked questions

Does Wealthsimple trade after hours?

Yes. Wealthsimple runs a 24-hour market for a limited list of US-listed stocks and ETFs from Sunday 8:00 pm to Friday 8:00 pm ET, split into pre-market (4:00 am to 9:30 am ET), regular, post-market (4:00 pm to 8:00 pm ET) and overnight (8:00 pm to 4:00 am ET) sessions. Canadian-listed stocks and ETFs trade only from 9:30 am to 4:00 pm ET. You have to mark an order as eligible for extended hours when you place it.

What are Wealthsimple's trading hours?

Regular trading runs 9:30 am to 4:00 pm ET, Monday to Friday, for both Canadian and US listings. Eligible US-listed stocks and ETFs also trade pre-market from 4:00 am, after hours until 8:00 pm and overnight from 8:00 pm to 4:00 am ET, so the US trading week runs from Sunday 8:00 pm to Friday 8:00 pm ET. Gold and crypto trade 24/7. Sessions shorten on early-close days around market holidays.

Can you trade on Wealthsimple on weekends?

Only gold and crypto trade on Saturdays, because Wealthsimple lists both as 24/7. Stock trading stops Friday at 8:00 pm ET and reopens Sunday at 8:00 pm ET, when the overnight session starts for eligible US-listed stocks and ETFs. Canadian-listed stocks wait for Monday's 9:30 am ET open. An order entered over the weekend without the extended-hours option is queued for the next regular trading session.

Can Wealthsimple trade pre-market?

Yes, for eligible US-listed stocks and ETFs. Wealthsimple's pre-market session runs from 4:00 am to 9:29:59 am ET, and an extended-hours order entered before or during pre-market stays active through the pre-market, regular and post-market sessions that day unless it fills or you cancel it. Canadian-listed stocks have no pre-market session at Wealthsimple, and Wealthsimple's extended-hours guide notes that only limit orders are allowed outside regular hours.

Can you trade overnight on Wealthsimple?

Yes. Between 8:00 pm and 4:00 am ET, Wealthsimple sends orders for eligible US-listed stocks and ETFs to Blue Ocean, an alternative trading system that isn't required to display prices publicly. Its disclosure warns that overnight liquidity can be very thin, orders may not be price-protected, orders priced far from the evening reference price can be rejected, and Wealthsimple offers no platform support overnight. An overnight trade counts as the next business day's trade.

How long does a Wealthsimple trade take to settle?

Stock and ETF trades settle one business day after the trade date, known as T+1, which is how Canadian stock trades settle, per Wealthsimple's guide to how the stock market works. A trade placed in Wealthsimple's overnight session after 8:00 pm ET counts as the next business day's trade, so its settlement moves a day later: Wealthsimple's own example is an overnight order on December 10 that is treated as a December 11 trade and settles on December 12.

Can you day trade on Wealthsimple?

Yes. Listed Canadian and US stocks and ETFs cost $0 in commission, and Wealthsimple's published terms set no cap on how many day trades you place. The order ticket supports market, limit, stop-limit, stop-market and bracket orders. The costs to watch are the 1.5% currency fee on each US trade from a CAD account, margin interest if you borrow, and the CRA's business-income rules if you trade often inside a TFSA.

Is day trading in a Wealthsimple TFSA allowed?

The account lets you buy and sell as often as you like, but the CRA can treat frequent, business-like trading in a TFSA as carrying on a business and tax the profits as business income, sometimes for past years, with interest and possible penalties. There is no set number of trades that crosses the line; the CRA weighs frequency, holding periods, time spent, knowledge and intent. Frequent trading usually belongs in a non-registered account.

What are Wealthsimple's gold trading hours?

Gold trades 24/7 at Wealthsimple, including weekends, with fractional amounts and real-time pricing. Wealthsimple says it is the only brokerage in Canada where you can buy and sell physically backed gold online around the clock. Gold trading works in the app, not on the web, and you can hold gold in any Wealthsimple Trade account, including a TFSA or RRSP; redeeming it for coins is only possible from a non-registered account.

Does Wealthsimple have a pattern day trader rule?

Wealthsimple's trading pages, fee schedule and order-handling disclosure don't mention a pattern-day-trader limit or a minimum balance for day trading. That label comes from FINRA's rules for US brokerages, which the SEC's Investor.gov says are being replaced by new intraday margin requirements from June 4, 2026. Wealthsimple is Wealthsimple Investments Inc. (WSII), a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF). What Wealthsimple does track is Active Trader status: 50 or more manual trades in a calendar month unlocks priority support, free broker-assisted phone trades and early access to new tools.

Can you short sell on Wealthsimple?

Wealthsimple's margin page doesn't list short selling. Its margin FAQ says you can currently trade Canadian and US stocks and ETFs, long calls, long puts and covered calls on margin, with options strategies limited to US assets. Canadian rules also bar short selling in registered accounts such as TFSAs and RRSPs. For a bearish position at Wealthsimple, the listed tool is a long put, at US$0 per contract.

When can you withdraw cash after selling on Wealthsimple?

Sale proceeds settle one business day after the trade (T+1). A standard bank-transfer withdrawal carries no Wealthsimple fee, while an instant withdrawal from an investment account costs 2.5%. If you sold a US stock in a CAD account, the proceeds were already converted back at Wealthsimple's rate less the 1.5% fee; cash in a USD account stays in US dollars until you convert it.

Can you trade Canadian stocks after hours on Wealthsimple?

No. Wealthsimple's 24-hour market covers only a limited selection of US-listed stocks and ETFs, so TSX-listed stocks and ETFs trade in the regular 9:30 am to 4:00 pm ET session, and orders entered after the close are queued for the next trading day. Some brokers do reach the small Canadian after-hours market: Moomoo Canada lists pre-market from 8:00 to 9:30 a.m. ET and after-hours from 4:15 to 5:00 p.m. ET.

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