Wealthsimple: The perfect all-in-one investment platform for 2026

What is Wealthsimple?

Wealthsimple is an investment management company that was founded in 2014 in Canada. Today, Wealthsimple has over four million clients and manages approximately $125 billion in assets.

It offers a diversified range of investment products and services, including:

• Managed Investing: customized investment portfolios, alternative investments, and expert advice;
• Wealthsimple Trade (formerly Self-directed Investing): trading stocks, exchange-traded funds (ETFs), and options;
• Chequing Account: high-interest Chequing account (up to 2.25%), with no monthly fees or minimum balance;
• Crypto: trading over 140 crypto assets on Canada’s first regulated cryptocurrency platform;
• Taxes: tax filing starting from $0;
• Wealthsimple Visa Infinite Credit Card
• Gold: trading and holding real physical gold at reduced fees.

For over 10 years, Wealthsimple has been disrupting Canada’s financial services sector with its technology and product and service offerings. For example, Wealthsimple was the first online brokerage platform in Canada to offer commission-free trading, with no administration fees and no minimum balance required.

More recently, Wealthsimple is one of the few online brokerages in Canada to offer fractional share purchases and automatic buying of assets (stocks, ETFs, and cryptoassets) on your schedule.

Wealthsimple Investment Products

Wealthsimple – Managed Investing

For investment novices, Wealthsimple Managed Investing is an investment platform that combines a robo-advisor and access to an investment advisor.

Tailor-made investment portfolios are selected according to your investor profile and investment horizon, then double-checked by an advisory team. This team also takes care of asset allocation, portfolio rebalancing, and dividend reinvestment.

There are no transaction fees or minimum balances. Management fees range from 0.2% to 0.5%, depending on the account balance.

The portfolios offered are: classic, income, direct indexing, etc.

As your wealth grows, you unlock new benefits:

• Core ($1 in assets): automatic portfolio rebalancing and management fees of 0.5%;
• Premium ($100,000 in assets): Core client features plus management fees of 0.4% and investment tax optimization strategy;
• Generation ($500,000 in assets): Premium client features plus management fees between 0.2% and 0.4%.

Wealthsimple Trade – Self-directed Investing

For more experienced investors, Wealthsimple Trade is an online brokerage platform. This platform allows self-directed investors to buy and sell thousands of stocks and exchange-traded funds (ETFs), commission-free, with no administration fees and no account minimum. Additionally, options trading is offered at reduced fees.

The platform allows trading of stocks and ETFs on major Canadian and US exchanges.

Wealthsimple Trade – Features

The most interesting features include:

• Instant Deposits: up to $50,000 in instant deposits for Core clients and up to $250,000 for Premium and Generation clients;
• US Dollar Accounts: $10 per month (free for Premium and Generation clients);
• Dividend Reinvestment Plan: automatic dividend reinvestment at no cost;
• Fractional Shares: purchase of fractional shares or exchange-traded funds (ETFs);
• Automatic Purchase Plan: recurring purchase of stocks, ETFs, and crypto assets automatically, at the frequency of your choice;
• Extended Hours Trading: buying and selling eligible stocks and ETFs during extended hours (before market open and after market close);
• Stock Lending: feature to lend shares to other investors to earn passive income;
• Margin Account: ability to invest beyond the funds available in your account to amplify your purchasing power, subject to eligibility.

Wealthsimple Trade – Benefits

As your wealth grows, you unlock new benefits:

• Core ($1 in assets): commission-free stock trading, instant deposits up to $50,000, US dollar accounts at $10/month;
• Premium ($100,000 in assets): commission-free stock trading, instant deposits up to $250,000, free US dollar accounts, reduced fees on options and crypto trading;
• Generation ($500,000 in assets): Premium account benefits and reduced rates for margin accounts.

There are also milestone rewards that Premium and Generation clients can unlock as their investments grow.

If you’re weighing Wealthsimple Trade against another self-directed platform, our detailed comparison breaks down the fees, tools, and account features: Questrade vs Wealthsimple: Which Is Better?

Wealthsimple – Options

For advanced traders, Wealthsimple offers a service that lets you trade stock options.

While investment strategies involving options are generally more complex, Wealthsimple has developed user-friendly interfaces to simplify understanding options and help you grasp both the benefits and risks.

Wealthsimple – Cryptocurrencies

For investors looking to diversify their investments, Wealthsimple Crypto allows trading over 140 crypto assets on their regulated platform, including Bitcoin and Ethereum. Additionally, you can receive rewards for staking your cryptocurrencies (net yield varies by asset and network conditions, generally around 4% to 5% for Ether and Solana).

As with previous investment products, you unlock new benefits as your wealth grows:

• Core ($1 in assets) and Premium ($100,000 in assets): trade with fees as low as 0.05%.
• Generation ($500,000 in assets): higher yield for staking your cryptocurrency.

Account types offered

The main account types offered are:

• RRSP (Registered Retirement Savings Plan) and Spousal RRSP;
• TFSA (Tax-Free Savings Account);
• FHSA (First Home Savings Account);
• LIRA (Locked-in Retirement Account);
• RESP (Registered Education Savings Plan);
• Non-registered account;
• Margin account;
• Corporate account.

Other Wealthsimple Products and Services

With an interest rate ranging between 1.25% and 2.25%, Wealthsimple’s chequing account is among the best high-interest savings accounts in Canada.

Here are the eligibility requirements for each Wealthsimple tier:

The Wealthsimple Card has no foreign transaction fees or ATM fees. Finally, Wealthsimple offers CDIC insurance coverage up to $1,000,000 on all eligible deposits.

Consult the complete guide to learn more:

Wealthsimple Visa Infinite Credit Card

In 2025, Wealthsimple launched its first two credit cards: the Wealthsimple Visa Infinite card and the Wealthsimple Visa Infinite Privilege card. Although still offered in limited quantities, these premium credit cards combine simplicity, returns, and travel benefits. Notably, unlimited 2% cash back, with no categories or limits, and no foreign currency conversion fees.

Discover our full review of the new Wealthsimple Visa Infinite card:

Wealthsimple – Tax Filing

Wealthsimple Tax is an online tax filing service that simplifies the preparation and submission of your tax returns. You can fill out and send in your declaration for as little as $0.

Several plans are available. For example, the Basic plan is free, while the Plus* plan (free for Premium clients, otherwise $40) includes audit protection and priority technical support. Finally, the Pro plan (free for Generation clients, otherwise $80) includes private consultations with a tax specialist.

*Note that the Plus plan is not currently offered to residents of Quebec.

The Advantages of Wealthsimple

The benefits of using Wealthsimple for investment and banking services are many, including:

• No or low fees: Wealthsimple offers products and services with no or low fees, unlike its competitors.
• Accessibility : Wealthsimple makes investing accessible to everyone, whether you’re an investment novice or an expert. You can start using Wealthsimple’s products and services with as little as $1.
• Diversification: portfolios managed by Wealthsimple are diversified and tailored to each investor, to reduce risk and maximize returns.
• Ease of use: Wealthsimple’s platforms are user-friendly and the interfaces are simple to use, which is ideal for investment beginners.
• Functionality: Wealthsimple’s products and services have functionalities that are rarely, if ever, offered by its competitors. For example, Wealthsimple Trade offers commission-free trading, no administration fees, and no minimum balance. All this, plus features like fractional share purchases, automatic purchase plans, extended-hours trading, and stock lending.
• RESP grants: Wealthsimple is an authorized RESP provider in Quebec to receive the Quebec Education Savings Incentive (QESI) in addition to the Canada Education Savings Grant (CESG).

How Do I Invest with Wealthsimple?

To start investing with Wealthsimple, follow these simple steps:

1. Sign Up: create an online account by filling out the form;
2. Product: select the investment product that best suits your needs and financial goals (e.g., Wealthsimple Trade);
3. Deposit: fund your account by transferring money from your bank account to your Wealthsimple account;
4. Invest: once your account is created and funded, you can start investing and using Wealthsimple’s other products and services.

What Are the Wealthsimple Fees?

Fees vary depending on the products and services you use. But also, it depends on the assets you hold with Wealthsimple. As your wealth grows, certain fees are reduced and new benefits are unlocked.

For example, management fees for Wealthsimple Managed Investing range between 0.2% and 0.5% of your assets under management.

Another example is Wealthsimple Trade (formerly Self-directed Investing), which allows investing in stocks and ETFs commission-free, with no administration fees and no account minimum. Additionally, Premium clients receive a US dollar account free of charge. Finally, Generation clients benefit from a comprehensive wealth management service, for a fee.

Finally, when you transfer your investment accounts of $25,000 or more to Wealthsimple, any transfer fees charged by your (former) broker will be refunded.

Is It Safe to Invest with Wealthsimple?

Wealthsimple is a registered portfolio manager in Canada. Their dealer, Wealthsimple Investments Inc., is a member of the Canadian Investment Regulatory Organization (CIRO). Wealthsimple clients’ accounts are protected by the Canadian Investor Protection Fund(CIPF).

For its part, the Wealthsimple chequing account places funds in trust with up to ten member institutions of the Canada Deposit Insurance Corporation (CDIC). Thus, eligible deposits can benefit from total coverage of up to $1,000,000.

Additionally, Wealthsimple is an authorized RESP provider in Canada and offers applicable government grants, including the QESI in Quebec for eligible accounts.

For a deeper look at Wealthsimple’s security measures, fee transparency, and how it compares with other Canadian institutions, read our complete analysis: Is Wealthsimple Safe?

Conclusion

In conclusion, Wealthsimple is a comprehensive investment platform offering a range of products and services to meet your financial needs.

Whether you are a beginner or experienced trader, Wealthsimple offers a solution tailored to your needs, at reduced fees: managed investing, Wealthsimple Trade, crypto trading platform, gold, etc.

Additionally, other financial products are offered, such as the Wealthsimple chequing account, the Wealthsimple Visa Infinite credit card, and the online tax filing service Wealthsimple Tax. This brings all products and services under one roof.

Wealthsimple All-in-One Investment Platform – FAQ