Get $25 free on Wealthsimple
Open + fund any Wealthsimple account using our referral and Wealthsimple deposits $25 CAD into your account.
What you get
- $25 CAD bonus deposited automatically after you fund any Wealthsimple account (Trade, Cash, Invest, or Crypto)
- Commission-free trading on Canadian and US stocks + ETFs via Wealthsimple Trade
- 3.25% APY on Wealthsimple Cash (as of writing – check current rate)
- Managed RRSP/TFSA/FHSA via Wealthsimple Invest if you prefer hands-off
- Free tax filing via Wealthsimple Tax (formerly SimpleTax)
How to claim the $25
- Click here to start the signup (uses code 0WWPXK automatically)
- Pick which account you want: Cash for high-interest savings, Trade for self-directed investing, Invest for managed portfolios, or FHSA for first-home savings
- Complete identity verification (Canadian SIN, photo ID, ~5 minutes)
- Fund the account with any amount – even $1 qualifies under the current promo terms
- $25 deposits into your account, typically within 7-10 business days
Why we recommend Wealthsimple
Wealthsimple is Canada’s largest commission-free investing platform with over 3 million Canadian clients. We use it personally for our RRSP, TFSA, and high-interest cash holdings. It’s not perfect – the Trade platform is intentionally simple (no Level 2 quotes, no advanced order types) – but for the 95% of Canadians who don’t need complex tooling, it’s the strongest direct-to-consumer fintech in the country.
What we like
- Zero commissions on stock and ETF trades
- Fractional shares available (buy $10 of TSLA without owning a whole share)
- USD account option (avoid double FX fees on US stocks)
- Tight integration between Trade, Cash, Invest, and Tax
- Canadian banking infrastructure – your money stays in Canada, CIPF-protected
What to watch out for
- FX fees on USD trades through CAD account (use the USD Trade account or transfer USD in directly)
- Limited account types compared to traditional brokerages (no LIRA, no RESP at time of writing)
- Customer support is chat/email only, no phone
Wealthsimple vs the alternatives
If you’re deciding between Wealthsimple and another Canadian platform, here’s the short version:
- vs Questrade: Questrade has more account types (LIRA, RESP) and pro tools. Wealthsimple wins on UX and zero commissions across all accounts.
- vs RBC/TD/CIBC Investor’s Edge: Big-bank brokerages charge $7-10 per trade. Wealthsimple is $0.
- vs Interactive Brokers: IBKR has lower margin rates and global market access. Wealthsimple is simpler and Canadian-tax-form friendly.
Frequently asked questions
Is this really $25 free?
Yes – $25 CAD lands in your account after you fund it. Per current Wealthsimple referral terms, both you (the new signup) and we (the referrer) each receive $25 once you complete the funding requirement. We disclose the referral relationship for transparency.
How much do I need to deposit?
Per Wealthsimple’s current promo terms, funding any amount typically qualifies, though specific minimums can change. Check the offer page when you sign up for the latest terms.
Can I trust an online-only platform with my money?
Wealthsimple is CIPF-insured up to $1M per account category, the same insurance the major Canadian banks carry. They’ve been operating since 2014, are owned in part by Power Corporation of Canada, and have over $30 billion in assets under management.
What if I already have a Wealthsimple account?
Referral bonuses are for new accounts only. If you already have any Wealthsimple account, you wouldn’t qualify – but you can grab your own referral code from inside the app and refer others.