Wealthsimple offers a variety of investment accounts to Canadians to meet their financial needs.
In addition to keeping the fees low on its platforms, new Wealthsimple clients can take advantage of exclusive Wealthsimple referral codes and bonus offers to score sign-up bonuses worth up to $3,000.
Below, I cover the best Wealthsimple promotions, how it works, the fees you pay, and whether it is legit.
Wealthsimple Invest Referral Code (Up to $175)
Wealthsimple Invest is managed investment service offered by Wealthsimple. If you prefer professionals to manage your portfolio using time-tested strategies, this service may be for you.
When you open a new Wealthsimple Invest account using the link below, you get a $25 bonus after depositing your first $500.
This is how the process works:
1. Visit Wealthsimple to open your investment account.
2. Create your profile and complete the investor questionnaire so Wealthsimple can recommend an investment portfolio that matches your risk tolerance, financial objectives, and time horizon.
3. Fund your account starting with at least $500 to take advantage of the $25 promotional offer.
4. Keep investing and watch your account grow over time.
You can also transfer an existing investment account from another financial institution to Wealthsimple.
They cover any transfer fees you pay up to $150 if the assets you are transferring are valued at $5,000 or more.
When you take advantage of this opportunity, you could save as much as $175 in total ($25 + $150) by investing with Wealthsimple.
Wealthsimple Trade Promotion
DIY investing involves purchasing investment products like stocks, ETFs, and options directly using a brokerage account instead of going through a fund manager or financial advisor.
This approach can potentially help you save on fees while earning higher returns over time.
Wealthsimple Trade is Canada’s no-commission stock trading platform.
When you open a new account using the link below, you get a $25 cash bonus after depositing $200 worth or more.
Here’s how it works:
1. Visit Wealthsimple Trade to open a new account. Enter your email and password to get started.
2. Choose the ‘Trade’ account and complete your profile.
3. Fund your account within 30 days of opening it with at least $200 to qualify for the $25 bonus.
You can transfer the investments (stocks and ETFs) you have at another brokerage platform to Wealthsimple Trade.
If these investments are worth over $5,000, Wealthsimple will waive the transfer fees up to $150.
Overall, this Wealthsimple Trade referral is worth up to $175 ($150 + $25).
Wealthsimple Trade Free Stocks Promo (Up to $3,000)
An alternative option for benefiting when you open a new Wealthsimple Trade account is to take advantage of their free stock promotions.
New clients can sign up for Trade and get up to $3,000 cash to buy stocks or crypto.
Here’s how it works:
1. Visit Wealthsimple Trade to open a new account. Enter your email address and password to get started.
Note that you can only take advantage of one Wealthsimple promotion. After you have already opened one Wealthsimple account (Invest or Trade), you can’t open another one to benefit from the promotions twice.
2. Fund your account.
3. A random cash award of up to $3,000 is added to your account. As per Wealthsimple, most clients receive around $10.
So, it depends on your luck. You could either take the guaranteed $25 cash offer or play the lottery for up to $3,000.
Wealthsimple Crypto Referral Bonus ($25)
Wealthsimple Crypto is a cryptocurrency trading platform offering access to 50+ coins, including Bitcoin, Ethereum, Solana, XRP, and more.
When you open a new Wealthsimple Crypto account using the link below, you get a $25 cash bonus after depositing your first $200 or more.
Here’s how it works:
1. Visit Wealthsimple Crypto to open an account and enter your details.
2. Fund your account using Electronic Funds Transfer from your bank (Up to $1,500 instantly). Deposit at least $200 to qualify for the $25 bonus.
Wealthsimple Cash Referral Code
**expired offer** You can now transfer money to friends and family or split bills instantly using the Wealthsimple Cash app.
Wealthsimple Cash is free to use. When you sign up for a new account using our Wealthsimple Cash referral code (XQYRET), you get a sign-up cash bonus of up to $25.
Instead of the invite code, you can also sign up directly through this referral link.
What is Wealthsimple?
Wealthsimple is a financial technology company founded in 2014. It is Canada’s robo-advisor with more than $10 billion in assets under management.
Wealthsimple products include:
- Wealthsimple Invest
- Wealthsimple Trade
- Wealthsimple Crypto
- Wealthsimple Tax
- Wealthsimple Cash
- Wealthsimple Save
Learn more about Wealthsimple and its offerings in this review.
Wealthsimple Fees
Offering lower fees than many of its competitors is one of the reasons why Wealthsimple is very popular.
The fees you can expect to pay are as follows:
Wealthsimple Invest: 0.50% annual fees for accounts below $100,000 and a 0.40% fee if your total portfolio exceeds $100,000.
Wealthsimple Trade: No trading commissions to buy and sell stocks and ETFs. FX fees may apply when you trade US stocks.
Wealthsimple Crypto: The price spread on Crypto is up to 1.50%. There are no fees to deposit or withdraw funds.
Wealthsimple Cash: The Cash app is free and has no fees.
Wealthsimple Save: The Save account is free and has no fees
Wealthsimple Tax: Wealthsimple Tax has a pay-what-you-can pricing schedule. It does not have a fixed fee.
Is Wealthsimple Safe and Legit?
Yes, Wealthsimple is legit and safe.
Wealthsimple clients enjoy protection from insolvency through its membership via ShareOwner in the Canadian Investor Protection Fund (CIPF).
This means if the company were to become insolvent (however unlikely), your assets are protected up to $1 million.
In addition, the company uses bank-level encryption and 2-factor authentication to protect your account.
Wealthsimple Referral Code FAQs
Where can I get a Wealthsimple referral code?
Simply sign up using the relevant Wealthsimple referral bonus links above, and the promotional offers will be applied to your new account automatically.
Is Wealthsimple Trade bad?
No. Wealthsimple Trade gives users access to free stock trading, which means you save up to $9.99 in fees per transaction. That said, you can’t use it to trade options or mutual funds.
Can I get a $50 Wealthsimple Cash bonus?
The Wealthsimple Cash $50 bonus is closed. Currently, you now earn $1 or higher depending on the offer available.
How do I get $50 on Wealthsimple?
Sign up for a new Wealthsimple Trade account and deposit $200 to get a $25 cash bonus. The $50 offer is no longer available.
How do I get free stocks on Wealthsimple?
Open a Wealthsimple Trade account here, and you can win up to $3,000 to buy free stocks.
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