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Wealthsimple: The Complete Guide for Canadian Investors

Everything you need to know about Wealthsimple, from trading to tax filing.

InviteCodes.ca Team
January 5, 2024
## What is Wealthsimple?

Wealthsimple is Canada's largest online investment platform, offering a suite of financial products including:

- Wealthsimple Trade - Commission-free stock and crypto trading

  • Wealthsimple Invest - Robo-advisor for automated investing
  • Wealthsimple Tax - Free tax filing software
  • Wealthsimple Cash - High-interest savings account

    Getting Started

    1. Sign up using our referral link for a $25 bonus 2. Complete identity verification 3. Deposit funds via EFT or Interac 4. Start trading or investing!

    Key Features

    Commission-Free Trading

    Trade stocks and ETFs without paying commissions. You can also trade cryptocurrency directly in the app.

    Fractional Shares

    Buy portions of expensive stocks like Google or Tesla, starting from just $1.

    Robo-Advisory

    Let Wealthsimple automatically manage your portfolio based on your risk tolerance.

    Pros and Cons

    Pros:

  • No commissions
  • User-friendly interface
  • Excellent mobile app
  • Great for beginners

    Cons:

  • 1.5% fee on USD conversions
  • Limited research tools
  • No options trading

    Is Wealthsimple Right for You?

    If you're a Canadian looking for an easy way to start investing, Wealthsimple is an excellent choice.