Loans Mortgages Cards Banking Investing Tools Locations FX Insurance Learn ★ ALL 6 PRODUCTS · IN ONE APP ★
The Wealthsimple ecosystem Wealthsimple Cash RATE / EARN 4-5% interest
FEE $0
High-interest spending + savings account. $300k CDIC.
Wealthsimple Trade RATE / EARN $0 commission
FEE $0
Stocks + ETFs commission-free. 1.5% FX (waived on Plus tier).
Wealthsimple Invest RATE / EARN 4-5% on cash
FEE 0.40-0.50%
Robo-advisor with auto-rebalanced portfolios.
Wealthsimple Crypto RATE / EARN 1.5% spread
FEE $0
50+ coins. Integrated with TFSA/RRSP via crypto ETFs.
Wealthsimple Tax RATE / EARN Pay-what-you-want
FEE From $0
CRA-certified online tax filing. Free for most.
Wealthsimple Mortgage RATE / EARN Broker-quoted
FEE $0 (broker fee)
Mortgage marketplace launched 2024. Direct broker access.
★ PROS / CONS ★
The honest verdict ✓ WHAT WORKS Lowest-fee investing in Canada 4-5% HISA rates on Cash $0 trading commissions $300k CDIC insurance Beautiful app — best UX CIPF + CDIC protected All-in-one financial platform ✗ WHAT DOESN'T No mortgages or credit cards directly Limited customer service hours No physical branches Trade execution slightly slower than Big-6 No US-dollar account on free tier ★ 3 RECENT USER REVIEWS ★
What real Canadians say Sarah K. Toronto, ON ★ ★ ★ ★ ★
"Best Canadian fintech by a mile. 5% HISA, $0 trading, all in one app. Saved me $1,800/yr in interest alone vs my old RBC savings."
1 week ago Mike T. Vancouver, BC ★ ★ ★ ★ ★
"Trade is great but missing some features (no options trading, no streaming quotes). Cash is the killer product though."
3 weeks ago Priya R. Calgary, AB ★ ★ ★ ★ ★
"Wealthsimple Invest auto-rebalances my $200k portfolio for 0.40%. Used to pay 2.10% at a Big-6 — that's $3,400/yr saved."
2 months ago YOUR QUESTIONS
Wealthsimple · straight answers Is Wealthsimple safe?− Yes — CIPF-insured up to $1M per account category for investments, CDIC-insured up to $300k for cash (spread across multiple partner banks). Operated by Wealthsimple Financial Corp, owned by Power Corporation of Canada. What's the catch with $0 trading?+ Is Wealthsimple Cash a bank?+ When should I choose Wealthsimple over a Big-6?+ Wealthsimple vs Questrade?+