Wealthsimple Trade Review and Referral

$25 Bonus for signing up

Wealthsimple Trade Referral Code

To sign up for Wealthsimple Trade and get $25. Use the code or click the referral button below

You can also get your bonus boosted to $250 if you deposit over $100,000.


Get $1000 if you deposit or transfer in assets worth over 500,000

What is Wealthsimple Trade?

Wealthsimple Trade is Canada’s first zero-commission trading platform. Officially launching in 2019, Wealthsimple Trade allows Canadians to buy and sell thousands of stocks and EFTs on major Canadian and US exchanges commission free. The first of its kind, and a separate service to Wealthsimple Invest, Canada’s top robo advisor and low-cost portfolio management.

Wealthsimple has over 1.5 million users and is trusted with over $10 billion and growing.

How do I open a Wealthsimple Trade account

Opening an account is extremely easy. You can sign up via their webpage or download the app on your Apple or Android device. Make sure you use a Wealthsimple Referral Link to get a $25 bonus. You can use ours below or use the code: US0EBW

You will need to provide some details to get started. Such as:

  • Full Name, Date of Birth
  • Mailing Address, Phone Number
  • Social Insurance Number
  • Employment Information

If you already have a Wealthsimple account from one of their other products. Much of this will be skipped. You also need to link a savings or chequing account in order to fund the service.

Wealthsimple Trade Features

  • No commission fees
  • No account minimum – Get started with only a $1
  • Instant deposit up to $250 (Premium subscription allows $1000)
  • Stock watchlist
  • Stock news and updates (Coming Soon)
  • Notifications when stock prices move (Coming Soon)
  • $25 bonus when you use a referral code

Wealthsimple Trade Premium

With a premium upgrade you get access to real-time market data instead of the 15 minute delay regular accounts have. This feature is called called snap quotes. It is a snapshot of the market data at the time of the request.

You will also be given an instant deposit limit of $1,000 and have access to those funds immediately. Every 3 days this limit resets. Warning, if you go over your limit you will need to wait the standard hold time for processing. Currently this is 3 days for Trade or 5 days for Crypto accounts.

Upgrading your account costs you $3 monthly plus tax

Wealthsimple Referral Program

When you sign up with our unique Wealthsimple referral code or the link below, you will get a $25 bonus when you sign up and fund your account. You can fund your account with as little as $1.

If you fund over $100,000 you will receive and additional $225 for a total $250. Note, the person referring needs to be a premium client. If you use our referral code, since we are a premium client. You will receive the additional bonus.

Did you already sign up or forgot to use your friend’s referral in the last 30 days? You can still get the bonus. Here is how: 

  • Sign into the app on your mobile device
  • Tap the gift icon at the top of the screen
  • Select “I was referred by someone” near the bottom of the screen
  • Enter the unique referral code US0EBW

If you don’t see the “I was referred by someone” text, it is probably due to your account being open for more than 30 days, or you have already used a referral.

Offer Details: Must sign up with referral button below or enter code US0EBW and complete verification.

Frequently Asked Questions

If you have created a Wealthsimple account in the last 30 days, you are still eligible for the $25 referral bonus.

Here is what you have to do:

  1. Login to your Wealthsimple App
  2. Click on the gift icon at the top right of the main screen.
  3. At the bottom of the screen select: "I was referred by someone."
  4. You will be asked for the code from your referrer’s link.
  5. Use the referral code: US0EBW

Yes. Your funds are placed in trust with up to 3 CDIC member institutions. That's almost 3x the peace of mind and up to $300,000 in coverage on all eligible deposits. Wealthsimple takes security of your funds very seriously.

You can choose from thousands of stocks and ETFs across the TSX, NYSE, NASDAQ, NEO and CSE. There are also limited securities available on the BATS Exchange. Rest assured you will find the stock you are looking for.

They are able to offer commission-free trades because they have built a low-cost, digital-first brokerage powered by technology. And executing trades actually costs very little for brokerages, so they don't think it's fair to charge their clients big trading commissions.

They do charge currency conversion fees. Those fees vary depending on which plan you have.

This saves you up to $10 per trade vs competitors

Wealthsimple Trade

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