Toronto-based Wealthsimple held a livestream today titled “The Smartest Place to Trade,” offering customers a guided tour of its trading platform and a preview of features coming to users over the next few months.
The event began at 9 a.m. PT / 12 p.m. ET and highlighted several upgrades already available or on the way for both crypto and traditional investing accounts.
Here’s a timeline Wealthsimple shared of what’s coming in 2025:
In addition to product updates, Wealthsimple also rolled out improvements for registered accounts. Users will soon be able to open Self-Directed Investing (SDI) RESPs and Spousal RRSPs, with support for SDI corporate accounts and SPL transfers.
Wealthsimple’s upcoming 24/5 extended hours trading for U.S. stocks will allow Canadians to trade outside regular market hours (9:30 AM to 4:00 PM ET), offering greater flexibility to react to global news, earnings reports, or market shifts in real time. Usually, this feature is only available from select brokers and comes with higher fees, but soon will be available to Wealthsimple users.
One new feature gives investors full control of how they manage their child’s RESP. Customers will soon be able to independently trade stocks and ETFs within the account, all commission-free. The RESP tool will also allow up to $250,000 in instant deposits, investment automation, and access to Wealthsimple’s full suite of trading tools. Currently, RESP accounts can only use automated investing portfolios from Wealthsimple.
The company says it’s building toward “more strategies and smarter tools” to meet the needs of both casual and advanced investors. These upcoming new features will definitely sway investors away from traditional big banks. Wealthsimple has over 3 million active Canadian users and over $50 billion in assets under its administration.
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