How to Cancel Wealthsimple Trade
from CA$0.00/month
Easy
Estimated Time:10 minutes
Cancel Method:Website
1
Log in to Wealthsimple
Go to wealthsimple.com or open the Wealthsimple app and log in to your account.
2
Sell or Transfer Your Investments
Go to your portfolio and sell all holdings, or initiate a transfer to another Canadian broker. If you have a TFSA or RRSP, consider transferring rather than withdrawing to avoid losing registered room.
3
Withdraw Your Cash Balance
After selling, go to 'Move Money' β 'Withdraw' and transfer your balance to your linked Canadian bank account.
4
Access Profile Settings
Tap your profile icon and go to 'Settings' β 'Account Settings' to find the account closure option.
5
Request Account Closure
Select 'Close Account' and follow the confirmation steps, or contact Wealthsimple support via chat for assistance with account closure.
Retention Tips
Before closing your Wealthsimple account, keep in mind that Wealthsimple's basic plan is completely free β no monthly fees, no commissions on Canadian stocks and ETFs. If you have a TFSA or RRSP, closing could mean losing your registered contribution room. You can simply leave the account open and dormant at no cost. Alternatively, you can transfer your portfolio to another broker via an account transfer without selling. Would you like to explore those options?
FAQ
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