Wealthsimple has officially launched margin trading, allowing eligible clients to borrow funds against their portfolios for greater trading power. Vice President of Product Swapnil Parikh called it a highly requested feature, emphasizing a rigorous approval process and built-in risk management tools like a margin health tracker.
The Toronto-based fintech, led by CEO Michael Katchen, continues its mission to make sophisticated investing products more accessible. Wealthsimple, which is profitable and growing, will also roll out educational materials to ensure clients understand margin trading risks and rewards.
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