Wealthsimple - Grow your money

Editor's Review

Wealthsimple is your all-in-one solution for growing your money and achieving your financial goals! 🚀 Whether you're a beginner or an experienced investor, Wealthsimple offers smart tools and personalized advice to help you build long-term wealth.💰

With Wealthsimple, you can get a customized investment portfolio built by experts. These portfolios have lower fees than traditional mutual funds, meaning more of your money goes to work for you. Your investments are diversified across the market to minimize risk and maximize potential rewards. Plus, the whole process is automated, with automatic deposits, portfolio rebalancing, and dividend reinvestment. 🤖

If you prefer to build your own portfolio, Wealthsimple lets you trade thousands of stocks and ETFs with low fees. There are no account minimums and no commissions! You can start trading stocks for as little as $1, including fractional shares of over 500 stocks and ETFs. For just $10/month, you can access USD accounts and skip the FX transaction fees on USD trades. 💵

Wealthsimple supports various account types to suit your financial goals, including non-registered (personal) investing accounts and registered accounts like RRSPs and TFSAs. You can also invest in RESPs, LIRAs, Corporate accounts, Spousal RRSPs, and joint non-registered accounts. 🏦

Need advice? Wealthsimple’s team of financial advisors are fiduciaries, meaning they're obligated to provide you with unbiased information that's in your best interest. They're available to help you with whatever you need. 👨‍💼

The Wealthsimple Cash account lets you spend, save, and grow your wealth all in one place. You can earn 3.25% interest or more on your entire balance and enjoy features like free Interac e-Transfers®, 1% cashback on almost everything, early pay days via direct deposit, and bill pay. Plus, eligible deposits are covered by up to $500,000 in CDIC insurance! 💸

For crypto enthusiasts, Wealthsimple allows you to buy, sell, and stake Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, and 50+ other coins. You can stake your crypto to earn passive returns on Canada’s first regulated trading platform. Transferring coins to and from your Wealthsimple wallet is quick and easy. ₿

Join over 3 million Canadians who trust Wealthsimple to manage their money. Your deposits and securities are protected through CDIC or CIPF within specified limits, and Wealthsimple uses state-of-the-art encryption to keep your data and money safe. 🛡️

Getting started is easy! Open an account, make a deposit, and put your money to work in minutes. 🚀

Features

• Expert-built investment portfolios

• Low-cost stock and ETF trading

• Registered accounts for tax benefits

• On-demand financial advice

• High-interest Cash account

• Crypto trading with staking options

• Fractional shares starting from $1

• USD accounts available

• Bill pay and early pay days

Pros

• Lower fees than most mutual funds

• Diversified investments minimize risk

• Automated deposits and rebalancing

• Access to financial advisors

• High-interest Cash account

• Simple and secure crypto trading

• Insured deposits for peace of mind

Cons

• Crypto assets lack protection

• Investment performance isn't guaranteed