Wealthsimple Trade Referral Code (May 2022): $50 Signup Bonus

February 14, 2022
Blog
Wealthsimple Crypto

Wealthsimple Trade is a Canadian trading platform that belongs to Wealthsimple, Canada’s most popular no-fee Robo advisor for wealth management. It has many interesting features like a third-party custodian for increased safety, 0 deposit or withdrawal fees, and a user-friendly user interface.

Wealthsimple has a referral for new traders: by using the referral link (or our referral code YOREOYSTER), you will receive $50 after funding your account with at least $150. You will also receive your referral code, which you can use to invite friends and earn $50 for each one that signs up.

How To Use Your Wealthsimple Trade Referral Code

Wealthsimple Trade has a referral program for new traders. When you sign up with Wealthsimple using our referral link (or our referral code YOREOYSTER), you will receive a bonus of $50 after you fund your account for $150 and make your first trade. You can also start referring friends using your referral code; you can earn up to $50 for every referral after they fund their account.

To use the promo code: 

  • Visit Wealthsimple Trade‘s page. Click on the Get Started button. 
  • Download the app by clicking the Get The App button.
  • Fill in some basic information.
  • Confirm your citizenship – keep in mind Wealthsimple is available for resident Canadian citizens only.
  • The last step is to fund your account. You can start trading immediately

What Is Wealthsimple Trade?

Wealthsimple Trade is among the biggest trading platforms in Canada. It is part of the Wealthsimple family, including Wealthsimple Crypto, Invest, and Cash. It offers commission-free trading of stocks and ETFs, and it’s currently the best trading platform for veteran and beginner investors alike.

It’s worth considering signing up for Trade Premium; for only $3/month, you get real-time market data on all Canadian stocks.

Wealthsimple Trade Features

Some of the best Wealthsimple features include:

  • No minimum starting investment.
  • Highly-rated app.
  • Low fees.
  • Open access to financial advisors on-demand.
  • Access to stocks and ETFs listed on North America’s biggest exchanges.
  • Access to fractional shares.
  • With the premium version, you can access real-time quotes (as opposed to 15 min delayed quotes for free accounts).

Wealthsimple Trade Fees

Wealthsimple charges fees based on the total amount held in y our account:

  • Basic Account, less than $100,000 – 0.5%/year
  • Black Account, between $100,000 and $500,000 – 0.4%/year
  • Generation Account, over $500,000 – 0.4%/year

How To Sign Up With Wealthsimple Trade

#1 Visit Wealthsimple Trade‘s page. Click on the Get Started button. 

#2 Download the app by clicking the Get The App button.

#3 Fill in basic information like name, email, phone number, and address.

#4 Confirm your citizenship – keep in mind Wealthsimple is available for resident Canadian citizens only.

#5 Confirm your address and your employment

#6 The last step is to fund your account. You can start trading as soon as you fund it.

Wealthsimple Trade Referral Program

After creating your Wealthsimple Trade account, you will receive your referral link. You can find it by clicking the gift box icon at the top. Whenever one of your referrals signs up, you will both receive a $50 bonus after they trade $150. You can:

  • Share your code via text, email, or your social media audience.
  • There’s no limit to how many people you can invite.

Is Wealthsimple Trade Safe & Legit?

All funds held in any Wealthsimple account are regulated, protected and insured for up to $100,000 by the CDIC.

Introducing Wealthsimple Trade: Canada’s #1 Online Broker

I recently broke down 8 of Canada’s most popular online brokers, and Wealthsimple Trade came out ahead of everyone else. It scored so well because it excels on what I believe are the three most important factors when choosing a broker: fees, investing tools, and security.

Here’s how Wealthsimple performs in each of those areas, and why I believe it’s the best broker in Canada.

#1 Lowest Fees In The Industry

There are no costs for purchasing or selling equities and ETFs. There’s a $0 charge when you open or shut your account, withdraw funds, receive electronic statements, or have inactive accounts. A $20 fee is charged if you want a paper account statement.

The only fee you will ever pay is a conversion fee + 1.50%, only if you trade with USD. Compared to other brokerages, it’s quite cheap, considering most are charging more than 2%.

#2 Research And Investing Tools

Wealthsimple offers a premium service that gives access to real-time market data, and you can deposit up to $1,000 instantly. There’s also a Wealthsimple Trade Premium service that costs $3 per month.

They’re planning on launching an improvement called Wealthsimple Trade Plus. The service will offer unlimited price alerts, access to USD accounts, and more, all of this for a monthly payment.

#3 Bank-Level Security

Wealthsimple Trade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). That membership means that there’s a protection against insolvency to a maximum of $1,000,000.

Conclusion

Wealthsimple Trade is a Canadian trading platform that belongs to Wealthsimple, Canada’s most popular no-fee Robo advisor for wealth management. It has many interesting features like a third-party custodian for increased safety, 0 deposit or withdrawal fees, and a user-friendly user interface.

Wealthsimple has a referral for new traders: by using the referral link, you will receive $50 after funding your account with at least $150. You will also receive your referral code, which you can use to invite friends and earn $50 for each one that signs up.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5