Thursday, October 1, 2020

Wealthsimple Trade Referral Program


Wealthsimple Trade (NOT Wealthsimple Invest) is Canada's first $0 commission stock trading app. Wealthsimple Trade lets you buy and sell thousands of stocks and exchange-traded funds (ETFs) on major Canadian and U.S. exchanges with $0 commissions on any trades. And you can start trading as little as $1.

Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc., a registered investment dealer and a member of Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Customer accounts protected by CIPF within specified limits in the event ShareOwner becomes insolvent. For an individual holding an account or accounts with a member firm, the limits on CIPF protection are generally as follows:
  •  $1 million for all general accounts combined (such as cash accounts, margin accounts and TFSAs), plus
  •  $1 million for all registered retirement accounts combined (such as RRSPs, RRIFs and LIFs), plus
  •  $1 million for all registered education savings plans (RESPs) combined where the client is the subscriber of the plan.

I have a Wealthsimple Trade TFSA account myself, which is quite easy to use and no need to worry about capital gains tax. In addition to the TFSA account, Wealthsimple Trade also provides non-registered and RRSP trade account types.

They have a referral program. If you sign up a new Wealthsimple Trade account with your friend's referral link, you'll both get CAD $10 when you deposit and trade at least CAD $100. And you can also have your own referral link after registration. If you want, please use our referral link (or sign up code: QAZA3G), thanks: https://my.wealthsimple.com/app/public/trade-referral-signup?code=QAZA3G


As far as I am concerned, I think Wealthsimple Trade is good for trading beginners. If you are an advanced trader, I would like to introduce another trading platform - Questrade: https://www.canadianrewards.net/2020/09/questrade-online-brokerage-introduction.html

BTW, if anyone wants to leave his/her referral link below, please use the following format ONLY: "My Wealthsimple Trade referral link is, thanks: *******." Other format will be deleted. Thanks. Note: because it contains link, we need to approve referral comments one by one. So, please be patient...