Toronto-based Wealthsimple Inc. has launched Wealthsimple Trade, a commission-free stock-trading mobile app, the robo-advisor announced Wednesday.

Wealthsimple Trade gives users access to stock trading with no minimum account size or paperwork, the firm said in a news release.

The app, available for iOS and Android devices, will feature unlimited commission-free trades on thousands of Canadian and U.S. stocks and ETFs, a watchlist feature, and market and limit orders, the firm said.