Tax loss harvesting is only available to high balance investors. Whenever you submit a limit order, you must specify a limit price. The quotes for most securities are made based on a standardized number of units (usually 100, referred to as board lots). 1. There are many reasons for why a limit order may legitimately get cancelled, but we've listed some of the more popular ones below. Charges 0.50% for balances up to $100,000 — and 0.40% after that; Rich in features, including a tool that allows you to invest your spare change share. Your limit order expired because the limit price was not met for an odd lot. save. [–]Unclestanky 11 points12 points13 points 11 months ago (4 children). Wealthsimple Trade lets you buy and sell thousands of stocks and exchange-traded funds (ETFs) on major Canadian and U.S. exchanges. A buy limit order directs the purchase of a stock at a set price or lower, while a sell limit order directs the sale of a stock at a set limit price or higher. Market orders will get rejected on volatile prices Use limit order, check yahoo for the price at that second to be accurate. Wealthsimple US, Ltd. is registered as an investment adviser under the Investment Advisers Act of 1940 and uses Apex Clearing Corporation as broker/dealer for Wealthsimple investment accounts. Only those in the Black program (balances of $100k+) can … This kind of defeats the purpose of why I’m using limit sell to catch a big spike or to execute a trade when I’m not near the app to do so myself. Look at Interactive Brokers. They each have their own advantages and disadvantages, so it's important to know about each one. Please note, that the NBBO may not match a specific quote provider’s data, as the NBBO takes into account all protected markets the symbol trades on, whereas a quote provider may only consider the data on one exchange. Since there will be only a finite number of sellers interested in parting with their shares at a particular price, this means there may not be enough for every interested buyer (the reverse can be true as well depending on demand). The firm was founded in September 2014 by Michael Katchen and is based in Toronto. Questrade offers free ETF purchases, and stock trades for as low as $4.95. The stop-limit order will be triggered once the given stop price has been reached. Wealthsimple Trade Status. REJECTED: You will exceed your futures position limit by making this trade. Why did my order fill at a different price than expected? So, if your limit order didn't fill despite the limit price being met, the likely reason is that there just wasn't enough shares being sold at that price (or vice versa if looking to sell). Why am I getting an error on my limit order? They're not bad really. Your limit order is too aggressive: your limit order may also be rejected if it fails one of our risk checks. Is it possible that the issue is not just with WS? Posted by 2 minutes ago. Limit orders are used to buy and sell a stock, while stop-limit orders set two prices on the stock and one is a stop price that states what price the stock must hit for the order to become active. We do not, and will never, sell your transaction data. Whether you call your broker to make a trade or push “Enter” on an online brokerage website, your instruction is not executed immediately. Someone I know has had a lot of trades rejected trying to buy fund with a different broker recently. If the stock does not reach the limit price (or exceed it), then the order will cancel at the end of the day when markets close at 4 pm EST (or after 90 days if you selected this option). Does Wealthsimple charge for buying stocks on the AEQUITAS NEO EXCHANGE? Once purchased, assets are immediately available to sell, and when an asset is sold, the proceeds are available to use right away. In general, placing an order doesn't guarantee that it will be filled. I guess I’m happy that Wealthsimple stopped me from selling on Tuesday. I can't put a limit sell on an order if it is like $2 above the open price? You will be charged 0.50% in fees if your assets are below $100,000. When you submit a market order, we send this to market right away. Questrade supports a wide array of accounts such as RESPs, LIRAs, Margin, and Corporate. For each buyer interested in purchasing a stock at a certain price, there must be a seller interested in parting with their stock at that price as well. Tbh I’m kinda glad that WS cancelled my trade because I was able to sell my $6 stocks at $16. I understand minor glitches but not being able to complete a market order all day is insanity. and join one of thousands of communities. In the U.S. and Canada, 0.50% fee includes all … This holds true for limit orders even if you see the limit price met. WTF!!! Wealthsimple Crypto is offered by Wealthsimple Digital Assets Inc. (“WDA”), a registered restricted dealer in jurisdictions other than Québec. 126 comments. hide. The quickest way to tell if this is the case with your order is to check your bank account's activities to see if the funds from your deposit have been returned. The next day, XYZ had a high price of $14.90. ... Market orders will get rejected on volatile prices ... hide. If you submit an order for an odd lot of shares with a limit price, your order will only be filled if the limit price meets (or exceeds) the National Best Bid or Offer (NBBO). 143. Premium Programs To submit a limit order, you would just need to toggle the 'Market Order' option at the top of the order submission flow in the app. To submit a limit order, you would just need to toggle the 'Market Order' option at the top of the order submission flow in the app. Crazy ride. Wealthsimple rejected my limit sell. Please stop making posts about your order being cancelled. for the requested number of shares to have the order filled. To sell a stock I don't feel is going to go up very much e.g.I bought at $11, it's at $10 and I want to sell if it goes above $11 again. Risk checks help us to identify orders that don't quite make sense in the context of where the stock is currently trading in the market, such as a $1,000 limit sell order for a stock currently trading at $5. If you deposit $100,000 or more, you'll be upgraded to Wealthsimple Black and pay a management fee of 0.40%. report. To avoid having your limit order cancelled each day at market close, you can toggle on the option to keep the order open for 90 days when submitting it. Your order is fielded by the broker, who decides which market to use to exec… Low fees: Wealthsimple Invest’s portfolio management fee is 0.5%, for the basic accounts of under $100,000, and it’s slightly cheaper at 0.4% for Wealthsimple … save. Remember, submitting an order doesn't guarantee that it will be filled! For sell orders, this is the lowest price you'd be willing to sell an owned stock at, and for buy orders, this is the highest price you'd be willing to pay to purchase a stock. Log in to Wealthsimple to grow your money like the world's most sophisticated investors. WST will list the CAD BTCC ticker on launch day, Wealthsimple Trade app updated with clearer information about limit orders. I've had nothing but problem after problem with Questrade. Just got an update from WealthSimple app that rejected all of my limit sells placed for my positions saying they are not allowing Limit Sell Orders to be placed above 10% of the last market price. Wealthsimple’s fees vary by region as mentioned, but they are in line with industry averages. At $100 any commissions will massively cut away from your profit. All the volatility is straining the system. Your limit order expired because there wasn't sufficient volume to fill your order. 4) You had a recent deposit get rejected by your bank. As of August 2019, the firm holds over C$5 billion in assets under management. Your limit order expired because the limit price was not met. Wealthsimple does more than drop its fees for investors that choose to invest more than $100,000 with them.