Products offered
- Wealthsimple Cash
- Wealthsimple Trade
- Wealthsimple Save
- Wealthsimple Crypto
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Pros and cons of Wealthsimple
What our editors liked — and where Wealthsimple falls short.
Pros
- $0 commission on Canadian stocks and ETFs
- Competitive interest on uninvested cash balances
- One app for savings, investing, and crypto
Cons
- Not a full bank — no physical chequing account or debit card network
- CDIC coverage is through partner banks, not Wealthsimple directly
- USD trades incur a currency-conversion spread on the standard plan