Wealthsimple is Canada’s largest online investment platform with over 3 million users. It offers commission-free stock trading, managed portfolios, crypto, and all major registered accounts. Here is an honest look at whether it is worth signing up in 2026.
| Feature | Cost |
|---|---|
| Stock and ETF trades | $0 — commission free |
| Monthly account fee | $0 |
| Minimum balance | $0 |
| Managed portfolio fee | 0.4–0.5% per year |
| USD account (Premium) | $10/month |
Beginners — The app is the simplest in Canada. No confusing fees, no minimum balance, and a managed portfolio option means you do not need to pick stocks yourself.
Cost-conscious investors — Commission-free trading means you are not paying $9.99 every time you buy or sell. Over years of investing this adds up to thousands of dollars saved.
People who want everything in one place — Stocks, crypto, cash savings, and registered accounts all under one login.
Yes. Wealthsimple is regulated by IIROC and is a member of CIPF, which protects investments up to $1 million. Cash is held with major Canadian banks. The app uses 256-bit encryption and two-factor authentication. I have been using it since 2018 without any issues.
Yes — it is one of the most beginner-friendly platforms in Canada. The app is clean, fees are zero, and there is no minimum balance. You can start with $1.
No monthly fees and no commission on stock or ETF trades. The only fee is 0.4–0.5% per year on managed portfolios, which is optional.
Yes. Regulated by IIROC, CIPF member (up to $1M protection), 256-bit encryption, and two-factor authentication. Canada’s largest online investment platform with 3M+ users.
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Deposit $100 or more, get cash within 24 hours. Verified June 2026.