Wealthsimple Review 2026 — Trade, Invest & Cash

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Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

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Canada's most popular investing platform — but is it right for you? We break down every product, fee, and feature.

Wealthsimple Overview

Wealthsimple is Canada's largest fintech company, founded in Toronto in 2014. With over 3 million clients and $30+ billion in assets under administration, it offers one of the most comprehensive financial platforms available to Canadians — covering investing, trading, tax filing, banking, and crypto.

Product	What It Does	Fee
Wealthsimple Trade	Commission-free stock & ETF trading	$0 (Plus: $10/month)
Wealthsimple Invest	Robo-advisor portfolios	0.50% (Core) / 0.40% (Black)
Wealthsimple Cash	High-interest cash account	$0
Wealthsimple Tax	Free tax filing (NETFILE)	Free (premium available)
Wealthsimple Crypto	Crypto trading	1.5–2.0% spread

Wealthsimple Trade — Commission-Free Investing

Wealthsimple Trade is the gold standard for commission-free stock and ETF investing in Canada. Here's what you need to know:

$0 commissions on all Canadian and US stocks and ETFs
TFSA, RRSP, FHSA, and non-registered accounts
Fractional shares — invest $1 in any stock regardless of share price
Instant deposits up to $5,000
Over 8,000 stocks and ETFs available
Dividend reinvestment (DRIP) available

Wealthsimple Plus ($10/month)

The Plus subscription adds: no FX fees on US trades (saving 1.5% per trade), real-time market data, instant deposits up to $50,000, and priority customer support. If you trade US stocks frequently, Plus pays for itself quickly.

Wealthsimple Invest — Robo-Advisor

Wealthsimple Invest builds and manages a diversified portfolio of ETFs automatically based on your risk profile. Available accounts: TFSA, RRSP, RESP, FHSA, LIRA, Non-Registered.

Pricing tiers based on portfolio size:

Tier	Portfolio Size	Management Fee	Perks
Core	$0–$99,999	0.50%/year	Basic portfolio, human advisors
Black	$100,000+	0.40%/year	Tax-loss harvesting, airport lounge access
Generation	$500,000+	0.40%/year	Financial planning, dedicated advisor

Wealthsimple Cash — High Interest Account

Wealthsimple Cash pays 3.00% interest on your balance with no fees. It supports e-transfers and comes with a Visa debit card for spending. Joint accounts available.

How it compares to KOHO:

Feature	KOHO Free	Wealthsimple Cash
Interest rate	Up to 5%	3.00%
Cash back	1–2% (grocery/transit)	1% all spending
Sign-up bonus	$100 (code BREMO2026)	Varies
Credit building	Yes (add-on)	No
Joint accounts	No	Yes

For daily spending and cash back, KOHO is the better choice. Wealthsimple Cash is ideal for investors who want everything in the Wealthsimple ecosystem.

Wealthsimple Pros and Cons

Pros

$0 commissions on all trades
All-in-one financial platform
$1 minimum to start investing
Fractional shares available
TFSA, RRSP, RESP, FHSA
Socially responsible portfolios
Free tax filing (Wealthsimple Tax)
Clean, intuitive mobile app

Cons

1.5% FX fee on US trades (free with Plus)
Limited research tools vs. Questrade
Crypto spreads are high (1.5–2%)
No options trading
Customer service can be slow
No phone support (chat only)

Frequently Asked Questions

Is Wealthsimple safe?

Yes. Wealthsimple is regulated by CIRO (formerly IIROC) and is a CIPF member, protecting your investments up to $1 million per account type. Wealthsimple Cash is held at Canadian Western Bank (CDIC member). It's one of the most reputable fintechs in Canada.

Does Wealthsimple have a TFSA?

Yes. Both Wealthsimple Trade and Wealthsimple Invest offer TFSA accounts. You can hold stocks, ETFs, and GICs tax-free. The same account holds your TFSA — you contribute once and choose how to invest within it.

Is Wealthsimple Trade good for beginners?

Wealthsimple Trade is excellent for beginners. The interface is simple, commissions are $0, and you can start with $1. For complete beginners who want zero decision-making, Wealthsimple Invest (the robo-advisor) is even easier.