Wealthsimple Trade Promotion & Referral Code 2023 (Free Stock)

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If you’re ready to open an account with Wealthsimple Trade and looking for a promo code or referral code to earn some sign-up cash bonus, this post is for you.

When you sign up for an account using this Wealthsimple Trade referral link, you get a $25 promo bonus after you deposit $150 and trade with it. Also, get up to $150 cash bonus as a transfer fee rebate and up to $4,500 stock bonus

But Wealthsimple Trade has introduced an all-new promotion for new users opening a non-registered account. You can receive 2 free stocks valued at up to $4,500 through the Wealthsimple Trade Free Stock Promotion.

Learn more about it below.

So let’s start…

Wealthsimple Trade Promo and Referral Code (Up to $175)

When you sign up for a new Wealthsimple Trade account using this Wealthsimple Trade referral link, you’ll get a bonus of $25.

These are the requirements to get your Wealthsimple Trade $175 referral promo bonus when you sign up:

  • Sign up with this Wealthsimple Trade referral link. No promotional or coupon code needed
  • Verify your account
  • Fund your new account with at least $150 and trade it
  • Get the $25 cash bonus deposited in your account
  • Get up to $150 cash bonus as a transfer fee rebate

You get up to a $150 cash bonus as a transfer fee rebate if you transferred an existing account with a value of $5,000 or more from another financial institution.

You’ll only be reimbursed for the actual transfer fee you paid up to the cap of $150.

This means if you claimed both bonuses, you would earn a total of up to $175.

Note: A Stock Rewards promotion was also introduced starting June, 2021 for non-registered accounts

Wealthsimple Trade Stock Rewards Referral Promotion

Starting June 21, 2021, new Wealthsimple Trade clients can get the cash equivalent of 2 randomly selected stocks when they sign up using a referral link.

Here are the requirements:

  • Open a new non-registered account, i.e. not RRSP or TFSA
  • Fund the account within 30 days

Which stocks can you receive?

The value of the stocks vary between $5 and $4,500. According to Wealthsimple, the average stock is valued at $15 and most clients (about 95%) will receive below $50.

These stocks have been selected from the most popular stocks traded and held on the Wealthsimple Trade platform.

The promotion is available to everyone, but it works differently for Quebec residents. Instead of a randomized stock bonus, Quebec residents get a fixed stock with a value of at least $20.

As a referrer, you can also earn the cash equivalent of one stock when your friends sign up with your unique referral link.

About Wealthsimple Trade

Wealthsimple Trade is Canada’s first, and only, commission-free stock trading app or brokerage. Since its introduction in 2019, the app has been helping Canadians save on commissions when they buy or sell stocks and exchange traded funds (ETFs).

Apart from the commission-free stock trading, some of its features include:

  • No account minimums so you can start investing with little money (as low as $1)
  • Access to thousands of stocks and ETF trading on major Canadian and US exchanges
  • Paperless account opening and on-going maintenance
  • Sleek and easy-to-use mobile app
  • Supports RRSP, TFSA and taxable non-registered accounts
  • Supports fractional shares trading effective July 2021

They’ve introduced additional features in 2021 available to premium subscribers for $3 + tax monthly. Read this Wealthsimple Trade Premium Subscription Review to learn about the features and decide whether to upgrade or not.

Currently, there’s no Wealthsimple Trade RESP so you’ll need to open an account with Wealthsimple Invest, the robo-advisor offering, if you need to invest for your kids’ education.

Check here for a Wealthsimple Invest RESP Review.

Wealthsimple Invest Promo: Up to $175 Bonus

Wealthsimple Invest is the robo-advisor offering from Wealthsimple.

All the investment decisions will be handled by their investment managers for a low annual management fee of 0.50% for deposits below $100,000.

You can also get a sign-up bonus of $25 when you open a Wealthsimple Invest account using this link and deposit a minimum of $500.

In addition, you will get the $150 transfer fee back when you move up to $5000 to Wealthsimple Invest from your previous investment platform.

Wealthsimple Crypto Promo

Want to trade some cryptocurrency? Wealthsimple Crypto has you covered.

Wealthsimple Crypto is available through the Wealthsimple Trade app and allows Canadians to buy and sell Bitcoin and Ethereum, the 2 largest cryptocurrencies and 25+ other coins.

You can get a $25 welcome bonus by signing up using our referral link or clicking the link below.

Like Wealthsimple Trade, you’ll need to deposit and trade at least $150 in your account to get the bonus.

Check this post for a full Wealthsimple Crypto Review and Referral Code.

Is Wealthsimple Trade Safe?

Both your information and funds at Wealthsimple Trade are safe and secure.

Your data is handled using bank-level, state-of-the-art encryption level to protect your information and data.

In the unlikely event that Wealthsimple becomes insolvent, your accounts are protected by CIPF through Canadian ShareOwner, Wealthsimple’s custodial broker.

And when you open an account with Wealthsimple, you’ll be joining over 1.5 million other people already using their products. So you’re in good company.

Earn With Wealthsimple Trade Referral Program

You can earn even more from Wealthsimple Trade by referring your friends to the app. For each friend you refer, you’ll receive the cash equivalent for a random stock while your friend gets 2 free stocks.

Here’s how it works:

  • Login to the Wealthsimple Trade mobile app
  • Click on the profile icon then “Earn Cash”
  • Click on the “Invite friends” button to get your unique referral link
  • Share the link with your friends to start earning

The bonus will be credited to both accounts once your referrals deposit and trade at least $100.

Some Wealthsimple Trade FAQs

Wealthsimple Trade vs Wealthsimple Invest: what’s the difference?

Wealthsimple Trade is a self-directed investing app, while Wealthsimple Invest is a managed or robo-advisor investment platform.

That is, you’ll be managing all your investing decisions yourself if you open a Wealthsimple Trade account.

Also Wealthsimple Invest has more investment account offerings at the moment, including RESP if you want to save your children’s education.

Can I buy US stocks on Wealthsimple Trade?

Yes, you can buy stocks that are listed on both US and Canada exchanges. However, the Wealthsimple Trade account is denominated in CAD.

That means, there’ll be a currency conversion each time you buy or sell USD stocks and Wealthsimple adds a margin to the rate used.

Will I actually get $4,500 stock bonus from Wealthsimple?

The good news is: yes, you can. A small percentage of new users will receive the maximum value of the promotion. And you could be one of them.

But a bigger majority, about 95%, will receive less than $50 – with the average bonus payout of $20. Unfortunately, the promotion is only available for taxable accounts.

Final Thoughts: Wealthsimple Trade Promotion

Whether you’re a beginner or seasoned investor, an account with Wealthsimple Trade will save you on commissions. And you can get a cash bonus of up to $175 in the process!

While you can buy ETFs for free at some other brokerages, like Questrade, Wealthsimple Trade is still the only brokerage or app that lets you buy and sell stocks and ETFs for free in Canada.

Investing costs matter and can quickly add up. So it’s a wise choice to avoid them where it’s possible.

If you want to trade options, CFDs, lots of USD stocks or other more advanced asset types, you should open an account with Questrade. Get $50 cash bonus using this Questrade referral link.

But if you’ll only be buying Canadian listed ETFs or stocks, then an account with Wealthsimple Trade is probably all you need.

If you like this post on Wealthsimple Trade promotion, also check this one on Questrade Offer Code.

Wealthsimple Trade Promotion


Wealthsimple Trade is Canada’s first and currently only commission-free investing app. Get up to $175 bonus when you sign up with Wealthsimple Trade promo code

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he's passionate about personal finance, investing and helping people take control of their financial life.

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