GREY:ATBPF - Post by User
Comment by
TriumphSpitSixon Nov 23, 2020 10:24pm
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Post# 31958192
RE:Buying under 0.40. Easy money.
RE:Buying under 0.40. Easy money. That's not wholly accurate now is it? By a mere five minutes of research, it seems Wealth Simple charges a "wrap fee" of .5% of your account value PER MONTH. On a $50k account, that's $250/mo. The fee drops to .4% on accounts values at $100K or more ($400/mo).
https://www.wealthsimple.com/en-ca/magazine/wealthsimple-fees Sure, they don't charge commissions on each trade, but do most of us really do $250-$400 in commissions a month? I sure as hell don't.
endpntplay wrote: Throwing in pocket change over the last few months (no fees on WealthSimple Trade). Increased position to over 30K shares, easily made over 100 buys lol recommend everyone to move on from high fee services to build positions in Canadian stocks like Antibe for cheap.