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.
Using our Wealthsimple Trade referral link, new users can up to $160 in total bonus. You’ll learn how to get the cash below.
So let’s start.
Wealthsimple Trade Promo and Referral Code (Up to $160)
When you sign up for a new Wealthsimple Trade account using our this Wealthsimple Trade referral link, you’ll get a bonus of $10.
Here’s how it works:
- Simple click on the referral link: no promotional or coupon code necessary
- Provide the necessary information to open your new account
- Fund your new account with at least $100 and trade it
- Get the $10 cash bonus deposited in your account
You can also get up to $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 $160.
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
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: $10,000 Managed Free
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 $10,000 managed free for the first year when you open a new account using this Wealthsimple Invest referral link or by clicking the button below.
To claim the bonus, simply open a new account and fund it with at least $500.
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.
You can get a $10 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 $100 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 a $25 bonus while your friend gets $10.
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.
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.
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 $160 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 $160 bonus when you sign up.