I’ve had WealthSimple for about 2 years now. I’m very happy using it but I have one issue with it. So just to give you an idea of how I do things, I usually transfer in a little bit of money into my TFSA trading account every time I get paid (usually around $25-$100). Kinda bugs me that it takes 3 business days to transfer funds in, but I guess it is what it is when you don’t pay commission on trading.

Anyway, I bank with Scotiabank and also have a Scotia iTRADE account but I haven’t used it and have no investments in it. I’m thinking of investing in Apple and wanted to start off by buying 1 share in it. I want to keep buying shares every time I get paid but...my issue with Wealthsimple is that if they stop supporting a stock, they sell your shares and leave the money in your trading account. To give you an example. I had some shares in Fitbit in the middle of last year. At one point, they stopped supporting FitBit and all of a sudden, they dumped my stock and left whatever my shares were worth into my account. This was also after Google had acquired FitBit as well. So, I don’t think it had anything to do with Google’s acquisition of FitBit, otherwise they would’ve dumped my stock right when the acquisition happened if they were merging FitBit’s stock with Google or Alphabet’s stock.

I want to buy Apple’s stock but I’m kind of reluctant to now not because WealthSimple could stop supporting the stock, but what if something happens to WealthSimple entirely as a trading platform? What if they went belly up? Are they going to dump my Apple stock too? Ever since the Robin Hood thing happened, I kinda feel like WealthSimple could do something similar because of the service being free to begin with (there’s always a catch when things are free). I mean, setting myself aside, what if someone invested a lot of money into a stock and made a ton of money with it? Can they still sell the stock and easily cash out? A part of me feels like there’s a big catch to cashing out those earnings if all of a sudden a stock sky rockets or something or gains over a period of time. I’m not sure. But I wanted to get some opinions and/or advice on this.

In terms of long term investing, should I invest in a company like Apple through a trading platform from a big bank like Scotiabank to ensure and/or secure my long term investment or should I trust WealthSimple?