About
Wealthsimple is an investment app that lets you build wealth through managed portfolios, individual stocks and ETFs, or cryptocurrency trading. Expert-built portfolios offer lower fees than most mutual funds with automatic rebalancing and dividend reinvestment. You can start trading stocks for as little as $1, including fractional shares of over 500 stocks and ETFs with no account minimums or commissions. The app supports multiple account types including RRSPs, TFSAs, RESPs, and spousal accounts. You can also trade 140+ cryptocurrencies including Bitcoin and Ethereum on Canada's first regulated platform, stake coins for passive returns, and earn up to 2.25% interest on a Chequing account. Deposits are protected by CDIC or CIPF coverage, and the platform is trusted by over 3 million Canadians.
Highlights
- Expert-built portfolios with automatic rebalancing and dividend reinvestment
- Trade stocks and ETFs starting at $1 with no commissions or account minimums
- Fractional shares available for over 500 stocks and ETFs
- Trade 140+ cryptocurrencies including Bitcoin and Ethereum with staking
- Support for RRSPs, TFSAs, RESPs, and other registered account types
- Chequing account earning up to 2.25% interest with CDIC coverage up to $1,000,000
Best for
Canadian investors building long-term wealth through diversified portfolios, individual traders wanting low-cost stock and ETF access, and cryptocurrency enthusiasts looking for a regulated trading platform.
At a glance
Wealthsimple is rated 4.7 out of 5 from 123,442 ratings and is available on iOS and Android — all free to download.
It is developed by Wealthsimple.
Screenshots
Frequently Asked Questions
- Is Wealthsimple free?
- Yes — Wealthsimple is free to download on iOS and Android.
- What platforms is Wealthsimple available on?
- Wealthsimple is available on iOS and Android.
- What is Wealthsimple?
- Wealthsimple is a Canadian investment platform offering managed portfolios built by experts, individual stock and ETF trading, cryptocurrency trading, and a high-interest Chequing account. It's trusted by over 3 million Canadians and provides CDIC or CIPF protection on eligible deposits.
- What is the minimum to start investing?
- You can start trading stocks for as little as $1, including fractional shares of over 500 stocks and ETFs. There are no account minimums and no commissions on trades.
- What cryptocurrencies can you trade?
- You can trade Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, and 140+ other coins on Canada's first regulated trading platform. You can also stake coins to earn passive returns.
- What account types does Wealthsimple support?
- Wealthsimple supports non-registered personal accounts, RRSPs, TFSAs, RESPs, LIRAs, Corporate accounts, Spousal RRSPs, and joint non-registered accounts.
- What are the alternatives to Wealthsimple?
- Wealthsimple is similar to Cash App, Robinhood: Trading & Investing, Monzo Bank - Mobile Banking, and Venmo. Browse related apps by tag: finance, banking, cryptocurrency, and investing.
