Wealthsimple Referral Code: Get a $25 Cash Bonus
Sign up for Wealthsimple with our referral code and get a $25 cash bonus after a $100 deposit. Here's how the bonus works and whether it's worth it.
Investing
Wealthsimple
$25
cash bonus
Bonus terms are set by Wealthsimple and may change at any time.
Wealthsimple is one of Canada's best-known investing apps, offering managed and self-directed investing, a high-interest savings account, tax filing and crypto trading, all in one login. It's known for a simple, clean interface that makes it easy for beginners to get started, while still offering enough depth for more experienced investors.
Our review
An easy, well-designed app that covers most of what a typical investor needs. Fees on managed accounts run a bit higher than pure self-directed platforms.
How the Wealthsimple referral bonus works
Sign up with our referral link and you get a $25 cash bonus after your first deposit of $100 or more. Here's what to do:
- Sign up as a new user through our referral link.
- Open a Wealthsimple account, such as Invest, Trade or Cash.
- Deposit at least $100 within the required window.
- Wait for your bonus, which is credited once your deposit is confirmed.
Wealthsimple periodically runs bigger promotions with higher bonus amounts, so check the current offer when you sign up.
What you get
- A $25 cash bonus after a $100 deposit
- Managed and self-directed investing options
- A high-interest savings account
- Commission-free stock and ETF trading
- Crypto trading and tax filing in the same app
How to claim the Wealthsimple bonus
- 1
Use the referral link
Click the button below to open Wealthsimple with the referral applied. - 2
Create your account
Sign up with your email and set a password. - 3
Open an account type
Choose Invest, Trade or Cash, depending on what you want to use. - 4
Deposit at least $100
Fund your account with at least $100 within the required window. - 5
Check for your bonus
Once your deposit is confirmed, the $25 bonus is added to your account.
Pros
- $25 bonus for a $100 deposit
- Clean, beginner-friendly app
- Managed and self-directed options
- Commission-free stock and ETF trading
- Savings, crypto and tax filing in one place
Cons
- Managed account fees are higher than pure self-directed platforms
- New users only
- Promotions and bonus amounts change over time
- Some features need a paid tier
- Investing involves risk
Is Wealthsimple safe?
Wealthsimple is regulated the same way as the big bank brokerages. Here's how your money is protected, depending on the account:
- Investing accounts: Wealthsimple Investments Inc. is a CIRO member, and accounts are protected by CIPF within its limits. Your securities are held in your name.
- Chequing: Cash is held in trust at CDIC member institutions. Wealthsimple spreads it across partner banks for up to $1,000,000 in combined CDIC coverage.
- Crypto: Coins are held in trust, mostly with regulated third-party custodians. Cash in crypto accounts has CIPF protection, but the crypto itself doesn't.
None of this protects you from investments going down in value. It protects you if the company fails.
Is Wealthsimple worth it?
If you want a simple, well-designed app to start investing, yes. The interface makes it easy to get going, and having savings, investing and crypto in one place is convenient. The $25 bonus is a nice extra on a deposit you'd likely be making anyway.
If you're a more advanced investor who wants the lowest possible fees, it's worth comparing against a pure self-directed platform like Questrade, which has free ETF purchases and a $50 referral bonus. Both are compared on our investing bonuses page. This isn't financial advice.
Other informational sources
Frequently asked questions
How much is the Wealthsimple referral bonus?
Is there a Wealthsimple referral code?
How much do I need to deposit?
Which account should I open?
Does the bonus amount ever change?
Is investing risky?
Referral terms change without notice. Always confirm the current details on Wealthsimple's site before you sign up.
