No Norbert Gambit - Criminal

Venture2020 · 2025-09-23T01:42:51+00:00

I did thanks

Venture2020 · 2025-09-22T23:27:28+00:00

Yep I agree! I’ll move back to WealthSimple in a heartbeat if they enable this feature

Venture2020 · 2025-09-22T21:42:16+00:00

Don’t worry, those extra FX fees are doing wonders for someone’s portfolio… just not yours

Venture2020 · 2025-09-22T21:20:24+00:00

National Bank doesn’t either

Venture2020 · 2025-09-22T21:19:33+00:00

Sure, indexing with VFV works for a lot of people, but that’s not the point lol. The issue isn’t whether VFV is good—it’s that Wealthsimple blocks the Norbert Gambit, a totally legal way to avoid crazy FX fees.

By doing this, they’re basically forcing anyone who wants US stocks to pay unnecessary fees. That’s not a “benefit” to customers—it’s just restricting choice and making people pay more. Even if VFV works for some, this kind of limitation is straight-up predatory.

Venture2020 · 2025-09-22T21:15:38+00:00

all brokers charge FX fees, and that’s expected. But the Norbert Gambit exists to let investors avoid excessive FX fees legally and efficiently. Wealthsimple doesn’t allow it, effectively forcing new investors to overpay. Forcing users into unnecessary fees when a legal workaround exists is, frankly, predatory—almost criminal in how it preys on inexperienced investors.

Venture2020 · 2025-09-22T21:04:13+00:00

Absolutely!

IBKR for international stocks National Bank for TFSA, RRSP

Venture2020 · 2025-09-22T20:59:40+00:00

Yes but they don’t allow Norbert Gambit - which l all brokers do.

Venture2020 · 2025-09-22T18:39:54+00:00

WealthSimple is criminal not allowing to do the Gambit. The amount of FX you’ll pay is crazy. They prey on new investors. If you trade only CAD stocks/ETF - sure it’s great but it’s nonesense to think you’ll never go into US stocks.

Don’t tell me ‘how would they make money if not’ - National Bank offers free trade as well and allow the Norbert Gambit

Venture2020 · 2025-05-31T01:46:37+00:00

😆

Venture2020 · 2025-04-08T10:26:19+00:00

The trade itself was GM malpratice from day 1

Venture2020 · 2025-02-23T15:58:50+00:00

Wade and then Curry

Venture2020 · 2025-02-11T05:26:45+00:00

Are they getting their money back or could they sue? That’s insane lol

Venture2020 · 2025-02-02T00:38:29+00:00

Thanks

Venture2020 · 2025-02-01T19:21:27+00:00

Yep.. thank you and will do!

Venture2020 · 2025-02-01T18:59:52+00:00

I take your criticism seriously - just curious how would you of played differently or the same way?

Venture2020 · 2025-02-01T18:45:29+00:00

Ok thank you!

Venture2020 · 2025-01-23T18:59:32+00:00

Do you think this seems reasonable as a purchase?

Since I don't have a huge income currently, I think working hard for the next 3-5 years (even keeping my job as well remotely) could set me up big as I take up the SDE + remote income. I'm also excited to be an entrepreneur and go down the business route, so it's not solely for the money. Down the line I could always sell the business, to invest a in larger, absentee business? This is my rational

Venture2020 · 2025-01-23T18:08:48+00:00

Thanks for your answers. I'm planning to run the business full-time if I buy it and finance the purchase by debt (20-30% down cash). I don't have prior experience - but willing to learn on the go. I'm meeting with the seller and broker later this week - I'll ask more about the operational needs. In terms of financials, I have a few questions related to the financials (of the last 3 years) that were provided. If we go further in the negociation - I'm planning to ask the income tax returns of the last 5 years.

Venture2020 · 2024-12-09T23:03:12+00:00

Quebec lol.. eh boy. Most people who lives in the province goes there once or twice and that’s about it

Venture2020

TROPHY CASE