About
Wealthsimple is an investment platform that lets you build wealth through managed portfolios, individual stocks and ETFs, or cryptocurrency trading. Start with as little as $1 for fractional shares of over 500 stocks and ETFs with no account minimums or commissions. Choose expert-managed portfolios with lower fees than most mutual funds, which run on auto-pilot with automatic deposits, rebalancing, and dividend reinvestment. Open registered accounts like RRSPs and TFSAs for tax benefits, or use the Chequing account to earn up to 2.25% interest with free Interac e-Transfers and bill pay. Trade 140+ cryptocurrencies including Bitcoin and Ethereum on Canada's first regulated platform, with the option to stake coins for passive returns. Deposits and securities are protected by CDIC or CIPF within specified limits.
Highlights
- Expert-managed portfolios with automatic rebalancing, deposits, and dividend reinvestment
- Trade stocks and ETFs starting at $1 with no account minimums or commissions
- Regulated crypto trading platform supporting 140+ coins including Bitcoin and Ethereum
- Tax-advantaged registered accounts including RRSPs, TFSAs, RESPs, and spousal accounts
- Chequing account earning up to 2.25% interest with free Interac e-Transfers and bill pay
- CDIC and CIPF protection on eligible deposits and securities
Best for
Canadian investors building long-term wealth through diversified portfolios, individuals starting with small amounts ($1 minimum), and crypto traders seeking a regulated platform. Suitable for those managing multiple financial goals through registered and non-registered accounts.
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, 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 and securities.
- What's the minimum to start investing with Wealthsimple?
- You can start trading stocks for as little as $1, including fractional shares of more than 500 stocks and ETFs. There are no account minimums and no commissions on trades.
- Can I trade cryptocurrency on Wealthsimple?
- Yes. Wealthsimple offers trading on 140+ cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu on Canada's first regulated trading platform. You can also stake coins to earn passive returns.
- What types of investment accounts does Wealthsimple offer?
- Wealthsimple offers non-registered (personal) accounts, RRSPs, TFSAs, RESPs, LIRAs, Corporate accounts, Spousal RRSPs, and joint non-registered accounts. A Chequing account is also available, earning up to 2.25% interest with CDIC coverage up to $1,000,000 on eligible deposits.
- What are the alternatives to Wealthsimple?
- Wealthsimple is similar to Cash App, Robinhood: Trade Anything, Monzo Bank - Mobile Banking, and Venmo. Browse related apps by tag: finance, banking, cryptocurrency, and investing.
