Wealthsimple Referral Code: $25 Signup Bonus (2024)

Whether you are a new investor that is thinking of starting to invest or are considering switching from your current brokerage, Wealthsimple offers a small incentive to get you started.

Wealthsimple offers a $25 sign-up bonus across three of its platforms: Wealthsimple Trade, Wealthsimple Invest, and Wealthsimple Crypto. Taking advantage of this offer does not require a promo code – simply sign up using one of our referral links.

Referral links:

Investing and trading online is growing in popularity – 53% of Canadian millennials currently use an online trading application, a good increase from only 42% of Canadian baby boomers.

Wealthsimple offers a sign-up bonus whether you are opening a new account from scratch or transferring to an existing account.

We will outline our Wealthsimple referral code below and outline how you can take advantage of the multiple offers that are available to get started on the right foot.

Wealthsimple Trade vs Wealthsimple Invest

Before signing up for Wealthsimple, it is important to understand the differences between Wealthsimple Trade and Wealthsimple Invest.

Wealthsimple Trade

Wealthsimple Trade is a self-directed discount brokerage. The platform is perfect for investors that are looking to invest on their own and avoid paying advisory fees, which are usually paid when working with an investment or financial advisor.

You will be entirely in charge of everything that happens within your Wealthsimple Trade account. This means that you will need to research which investments to trade, buy and sell those investments, as well as monitor your portfolio over time.

Wealthsimple Invest

Wealthsimple Invest is a Robo-advisor, meaning that it offers less personalized services at a lower fee relative to a human advisor.

After completing Wealthsimple Invest’s starting questionnaires, your money will be invested according to your objectives and circumstances into a portfolio constructed by the platform. Wealthsimple Invest does charge an advisory fee, but it is much lower than what an investment or financial advisor would cost.

Wealthsimple Trade – Referral Code (Free $25)

The referral bonus for Wealthsimple Trade can be accessed by clicking here. There is no need to input a code – you can simply create an account through the above hyperlink.

The benefits of opening an account through the above link are that you will get $25 for free as long as an account is opened with at least $150. If you are thinking of transferring over at least $5,000 from a different brokerage, Wealthsimple Trade will also cover any transfer fees up to a maximum of $150.

Wealthsimple Invest – Referral Code (Free $25)

The referral bonus for Wealthsimple Invest can be accessed through this link. Similar to the sign-up bonus for Wealthsimple Trade, you simply have to sign up for an account through the above link (no promo code is required).

If you open a Wealthsimple Invest account through the above link, you will get $25 for free as long as an account is opened with at least $500. Trade and Cash accounts are not eligible for this offer.

An incoming transfer of at least over $5,000 from a different brokerage will allow Wealthsimple Invest to cover any transfer fees up to a maximum of $150.

Wealthsimple Trade Fees and Trade Commissions

Wealthsimple Trade is one of Canada’s cost-leading discount brokerages when it comes to trade commissions. While most discount brokerages (especially big bank ones) typically charge between $5 to $10 per stock or ETF trade, Wealthsimple Trade allows you to trade both without any trade commissions.

To learn more about Wealthsimple Trade as an overall platform, we have written a comprehensive overview of the platform.

Keep in mind that Wealthsimple Trade only allows you to buy and sell stocks and ETFs. If you are looking to trade other investment asset classes, you will have to consider a different self-directed platform. Make sure to take a look at our in-depth review of the top trading platforms in Canada if you are looking for alternatives.

More Referral Codes – Crypto


Wealthsimple also offers additional platforms outside of Robo-advising and self-directed trading.

Wealthsimple Crypto is Canada’s first regulated crypto platform, allowing you to buy, sell, and earn cryptocurrencies. The platform supports Bitcoin, Ethereum, Dogecoin, and over 50 additional cryptocurrencies.

Wealthsimple also offers a free $25 promotion for signing up to Wealthsimple Crypto by using our link. You can click here to take advantage of this offer. You do not have to input a code – simply sign up for an account and you will receive $25.

Wealthsimple Tax

Canada FPT Deposit: GST/HST Tax Credit

Wealthsimple also offers a free tax filing platform: Wealthsimple Tax. The platform promises that you will get the maximum possible tax refund – if you are able to get a better refund elsewhere, Wealthsimple will refund you the third-party tax filing fees (up to $50).

You can sign up for Wealthsimple Tax here.

Frequently Asked Questions

Does Wealthsimple give you Free Money?

Wealthsimple offers new clients free money for signing up for one of their three platforms, Wealthsimple Trade, Wealthsimple Invest, and Wealthsimple Crypto, using one of the referral links in the above article.

Is Questrade Better than Wealthsimple?

When trading stocks or ETFs, Wealthsimple Trade is a better choice considering that both asset classes can be bought or sold without any trade commissions.

Questrade will be a better platform to consider if you are thinking of trading other asset classes (mutual funds, options, preferred shares, etc.) or if you would like to open an account type that is not currently supported by Wealthsimple Trade.


Wealthsimple Referral Code

If you are looking to sign up for a new account with Wealthsimple, whether it is through Wealthsimple Trade, Wealthsimple Invest, or Wealthsimple Crypto, you have to take advantage of the free sign-up cash available through our referral links.

The three referral links for Wealthsimple Trade, Invest, and Crypto offer new clients, whether they are opening a new account or transferring in, a $25 cash bonus.

If you are new to investing, make sure to check our guide outlining how to start investing in Canada. This will help you to avoid a lot of unnecessary mistakes when starting off.

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Author Bio - Christopher Liew is a CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Read about how he quit his 6-figure salary career to travel the world here.

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