Wealthsimple Trade Offer Code (May 2024): $25 Signup Bonus

Looking for a Wealthsimple Trade offer code? You’ve come to the right place.

Sign up to the platform using our exclusive Wealthsimple Trade referral link can get you an instant cash bonus.

You can also access promotional offers when you open a Wealthsimple Invest account.

This post will tell you how to make the most of your investment capital using the commission-free trading platform and the sign-up bonus offer available to you.

Wealthsimple Trade Promo and Referral Code

If you are new to investing, it’s always a good idea to make use of any promotions that can help you get a good start while spending as little of your own money as possible.

When signing up for a new account with Wealthsimple Trade using our referral link, you get a sign-up bonus that you can use to start trading.

The method to get the sign-up bonus is quite simple:

  • Simply click on the Wealthsimple Trade referral link, without worrying about a coupon or promotional code;
  • Next, just enter the information requested by the prompts that let you open a new account with the platform (it only takes a few minutes);
  • Fund your new Wealthsimple Trade account with at least $150
  • Wealthsimple Trade will automatically deposit the cash bonus into your account.

Getting a free cash bonus on top of being able to make commission-free trades is already an amazing offer in itself.

Wealthsimple Trade can sweeten the deal further for you if you transfer an existing account with another financial institution to Wealthsimple Trade.

Provided that the existing account you are transferring has a value of $5,000 or more, transferring it to your Wealthsimple Trade account can earn you a transfer fee rebate.

It means that the platform will cover the fees your current financial institution might charge to transfer your funds to Wealthsimple Trade.

The platform will only reimburse you for the actual transfer fee that you paid to the financial institution, up to the cap of $150.

Wealthsimple Trade Stock Rewards Referral Promotion

Wealthsimple Trade Stock Rewards Referral Promotion

Wealthsimple Trade introduced yet another addition for new clients signing up with the commission-free trading platform for a non-registered account.

Effective from June 21, 2021, any Wealthsimple Trade client signing up with a referral link can get them the cash equivalent of two randomly selected stocks.

Taking advantage of this offer is simple:

  • Create a new non-registered account with Wealthsimple Trade (It cannot be a TFSA or RRSP);
  • Then simply fund the account within 30 days;
  • Wealthsimple Trade will credit the cash equivalent of two free stock bonuses to your account within seven days of funding your account.

The question is: Which stocks will you get for signing up for a non-registered account?

Wealthsimple Trade randomly selects the two stocks you get through this promotion.

The value of the stocks you receive can vary between $5 and $4,500. According to the platform itself, the average stock received through the sign-up bonus for non-registered accounts is valued at $15.

Wealthsimple Trade has also stated that around 95% of the clients will receive below $50 through this offer.

Wealthsimple Trade randomly selects two stocks from some of the most popular stocks traded and held on the platform, so you can count on getting a good deal. After all, it is completely free of cost!

The offer is available to Canadians throughout the country. However, Quebec residents have slightly different rules with the offer.

If you open an account using a referral link as a Quebec resident, Wealthsimple Trade will not reward you with the cash equivalent of two randomized stocks. Instead, you will receive a fixed stock with a value of at least $20.

You can also earn the cash equivalent of one stock by referring others to sign up with your unique referral link once you have started using Wealthsimple Trade, but more on that later.

About Wealthsimple Trade

wealthsimple trade review Logo

There are several trading platforms in Canada, but Wealthsimple Trade was the country’s first and only commission-free trading platform.

The platform’s introduction in 2019 finally allowed Canadians to get more value out of their investment capital by reducing their expenses through $0 commissions on buying and selling stocks and ETFs.

Commission-free trading is the biggest selling point for Wealthsimple Trade, but that is not the only feature you might like about it. A few other notable features of the platform include:

  • No minimum account balance requirement, meaning that you can start investing with as little as $1
  • You get access to thousands of stocks and ETFs that trade on major Canadian and US stock exchanges
  • Paper-free account opening and maintenance
  • The app is highly intuitive and user-friendly
  • The trading platform supports non-registered accounts, TFSAs, and RRSPs
  • You can also trade fractional shares

Wealthsimple Trade is just one of the offerings by Wealthsimple. Wealthsimple Invest, Wealthsimple Crypto, and Wealthsimple Cash are also major products made by the financial institution that you can use for various goals.

Wealthsimple Invest Promo

Suppose that you want to enjoy the benefits of investing in US and Canada-listed stocks and ETFs, but you do not want to go through the hassle of managing a self-directed investment portfolio. In that case, you can consider using Wealthsimple Invest instead.

Wealthsimple Invest is Wealthsimple’s robo-advisor service. You sign up with the platform, answer a questionnaire that gives them an accurate idea of your investment goals and risk tolerance, and then let them handle the rest with the money you deposit.

Wealthsimple Invest’s investment managers will handle all the investment decisions to align the portfolio with your investment goals for a low annual management fee of just 0.50%.

If you are a high-value client with an account worth over $100,000, the management fees go even lower.

To make things better, you can also get a sign-up bonus with Wealthsimple Invest. Signing up with the platform using our Wealthsimple Invest referral link will get you a sign-up bonus of $10,000 managed by the platform for free for the first year.

Claiming this bonus only requires you to open a new account using the referral link and fund your account with $500 or more.

Is Wealthsimple Trade Safe And Legit?

About Wealthsimple Trade

Wealthsimple Trade has become one of the most popular trading platforms in Canada in a short time, and that would not have been possible without the guarantee of safety for your funds and information stored by Wealthsimple Trade.

Wealthsimple uses bank-level encryption methods to safeguard your information and funds. Wealthsimple also uses Canadian ShareOwner as its custodial broker to hold the funds.

It means that all the accounts at Wealthsimple Trade are covered by the Canadian Investor Protection Fund (CIPF) for up to $1 million.

By signing up with Wealthsimple Trade, you will be joining 1.5 million people who are already using the platform to buy and sell stocks and ETFs.

You can rest assured that this is a safe and legit platform you can entrust with your funds for commission-free trades.

Wealthsimple Trade Referral Program

Wealthsimple Trade is always looking to welcome new investors to its expanding user base, and it never shies away from incentivizing existing investors on the platform to do that.

You can earn more bonuses from Wealthsimple Trade through its referral program.

For each individual you refer, Wealthsimple Trade will credit the cash equivalent of one random stock to your account.

The friends you refer will receive the cash equivalent of two stocks for free for signing up.

Using the referral program to earn the additional bonus is quite straightforward:

  • Login to your Wealthsimple Trade mobile app
  • Go to your profile
  • Choose the “Earn Cash” option
  • Select “Invite Friends” when you see the prompt to get a unique referral link
  • Share your referral link with friends and earn the referral bonus for every new investor that signs up using your link

Remember that Wealthsimple Trade will credit both the bonus payments for every referral once your referrals deposit and trade at least $100 through the platform.

Wealthsimple Trade Offer Code FAQs

Wealthsimple Trade Offer Code FAQs

Here are answers to some of the frequently asked questions regarding Wealthsimple Trade’s offer that might answer some of the questions you might have.

Q. Why Do I Get A “Cash Equivalent” Instead Of A Stock Itself?

A. Wealthsimple Trade is a self-directed trading platform and does not provide investment advice or recommendations.

The platform credits the cash equivalent directly to your account, and you can choose which securities you want to purchase using the bonus.

Q. Which Stocks Will I Get?

A. Wealthsimple Trade selects stocks for the bonus randomly from among the most popular and highest market capitalization stocks traded on the platform.

Since the bonus is selected randomly, you might not receive the same stock bonus as others. There is no way to determine which stock’s cash equivalent you will receive.

Q. Can I Buy US Stocks On Wealthsimple Trade?

A. Yes, you can purchase stocks and ETFs listed on US stock exchanges through Wealthsimple Trade. However, Wealthsimple Trade does not offer a US dollar account.

It means that any time you buy or sell stocks and ETFs using the platform, you can expect to pay a currency conversion fee for the trades.

Q. What Is The Difference Between Wealthsimple Trade And Wealthsimple Invest?

A. Wealthsimple Trade and Wealthsimple Invest are two different products offered by the same financial institution.

Wealthsimple Invest is the robo-advisor arm of Wealthsimple that allows you to enjoy hands-off trading for a low annual management fee.

Wealthsimple Trade is the self-directed trading platform that you can use to make commission-free trades.

It’s important to understand the difference between Wealthsimple Invest and Wealthsimple Trade before you begin using any of the two platforms.


Wealthsimple Trade is one of the most popular trading platforms for several reasons.

You can enjoy commission-free trades, access thousands of securities listed on major US and Canadian exchanges, trade without worrying about maintaining a minimum account balance, and much more. The Wealthsimple Trade offer code just makes things even better.

Check out my breakdown of the Best Trading Platforms in Canada if you are interested in checking out the other options you can consider.

And if you are interested in a hands-free approach to investing in a portfolio of stocks and ETFs managed by professionals, check out my Wealthsimple Invest review to learn more.

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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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