That said, trackers may be there for very good reasons; eg fraud detection, session management, bot attacks, impossible travel anomalies, software optimization and continuous improvement, etc. I really like some of WS security features like trusted places, Passkey and Trusted Contact Person. Not sure RBC gives me that; at least they didn’t advertise. But I am really down on RBC ever since they randomly withdrew cash from my savings account and never responded to my formal complaint. I wish they had better software.

My WS account remains open with a total of $0.00 on deposit/invested.

Regulatory scrutiny has nothing to do with this.

Kasper665 said
WS decided to partner with an elon company. That's not media hype.

Add that with their recent plan to enter into the prediction market and I'm out.

IMO, WS is now the tesla of Canadian financial institutions.

Nice work WS! /s.  

With you 100%. Initially, I was impressed by what WS was attempting to challenge the established banking order and offer a no-fee foreign exchange option . It seems, to build a client and deposit base to attract investors/purchaser/IPO, WS has resorted to gimmicks and glitter. Crypto, partnering with Musk et al, lack of transparency, unicorn credit cards – I'm out and have withdrawn all my cash and investment account holdings.
WS apparently prides itself in not holding a banking licence. Canadians are fortunate to have alternatives offering modern digital investing, banking and credit alternatives [including some without fx service charges] that are not opposed to regulatory scrutiny.

Add that with their recent plan to enter into the prediction market and I'm out.

IMO, WS is now the tesla of Canadian financial institutions.

Nice work WS! /s.

There will be something to click in the X app. If an X app user clicks it, the Wealthsimple app comes up and shows the stock. One can then place a trade in the Wealthsimple app. No different than a link or ad on some influencer's web page that navigates to an Amazon page to order a promoted item.

Wealthsimple explains how it actually works in How Smart Cashtags on X are directed to Wealthsimple:

Can I trade directly inside X?

No. X is just the entry point. Tapping a ticker simply removes the friction of opening a new app and searching for the stock yourself. All trading and account activity happens entirely within Wealthsimple.

I have no skin in this game, but I thought I'd share.

Dean

Making me REALLY uncomfortable. Not just because they are trying to earn profits off people being stupid. That part is fine; every FI does it. I am concerned about potential vulnerabilities and information flows stemming from this partnership.

KamWest said
…

If I charge a travel package for 4 people and it has medical insurance etc, are all 4 travelers covered or is it just the card holder.
…

Depends on who the four people are. Could be no medical coverage if none of them is the cardholder, cardholder's spouse, or a dependent, unmarried child living in the same household.

See the Certificate of insurance.

If I charge a travel package for 4 people and it has medical insurance etc, are all 4 travelers covered or is it just the card holder.

Same with baggage claims, car rental insurance etc.

Are all persons covered for this service or just the card holder.

Technically even the airport lounges

Anyone have experience with this?

Zero commission is a thing at Questrade and NB, possibly others. Big banks stopped charging on selected key products. So its not just that. I am Gen X, don’t actively trade and they didn’t get to >100bn in assets by attracting nominal amounts.

How they present their data is one of my major issues with TDDI. I have to go through each of my gazillion accounts individually, and its way too cumbersome each time.

With WS at the end of the month I get everything downloaded to my Google Sheet in the right format with distributions and transactions from all accounts taking their rightful place. And it takes just a few clicks. Took a bit of effort to set it all up but wasn’t particularly difficult either. Questrade lets you see and download transaction data across accounts as well, so its not unique to WS.

Not sure about actual statements, but they certainly let you download all the content in spreadsheet format.

mordko said
Match offers and IPads have been offered by several (most?) other FIs. WS is still growing much faster.

Transfer charges will be banned in 2026 which is going to be a substantial financial benefit to WS vis-a-vis big 5.

Hi, where u see the new transfer charges being banned for brokerages ?

WS charging zero dollar commission is a big attractive factor for a lot of gen Z etc, which are actively trading / investing very nominal amount.

One area I continue to complain about is the inability to download a copy of the full monthly statement in other format other than pdf...