Wealthsimple
What is Wealthsimple?
Wealthsimple offers investing portfolios, stock and ETF trading, financial accounts, a chequing account, and cryptocurrency trading and staking. It is available exclusively to Canadian residents, and identity and residency verification are required to open an account.
Pricing. Wealthsimple is free, with no in-app purchases on the App Store.
Good for
- Investing through an expert-built portfolio
- Trading stocks, ETFs, or cryptocurrency
- Using a chequing account to save and pay bills
Screenshots
Why this app is in A tier
Wealthsimple scores 85 out of 100: rating 92, rating count 91, App Store search rank 58, update recency 100. The four parts are averaged with no weights, and A tier follows from that score within this list. The full explanation, as data.
Description
Wealthsimple is available exclusively to Canadian residents. Identity and residency verification are required to open an account. Smart investing, trading, and banking tools, plus personalized advice designed to build long-term wealth. Get a portfolio built by our experts Our customized investing portfolios offer lower fees than most mutual funds, putting more of your money to work. By diversifying your investments, we help minimize your risk and maximize reward. Your future runs on auto-pilot, with automatic deposits, portfolio rebalancing, and dividend reinvestment. Build your own portfolio with low fees Choose from thousands of stocks and ETFs. No account minimums and no commissions. Start trading stocks for as little as $1, including fractional shares of more than 500 stocks and ETFs. For $10/month, you can access USD accounts to save the FX transaction fees on USD trades. Plus, we won't charge you for any inbound USD transfers. Accounts for your financial goals Open a non-registered investing account, or get the tax benefits of registered accounts like RRSPs and TFSAs. Our portfolios can also be invested in RESP, LIRA, Corporate, Spousal RRSP, and joint non-registered acco
Compare in Stock Investing
| Measure | |||
|---|---|---|---|
| Tier | A | A | A |
| Score | 85 / 100 | 85 / 100 | 85 / 100 |
| Rating | 4.7 ★ | 4.3 ★ | 4.7 ★ |
| Ratings | 112 | 4.9M | 342K |
| Latest ratings · 180d | — | 3.4 ★ · 20 reviews | 2.5 ★ · 20 reviews |
| Last update | 3d ago | 8d ago | 2d ago |
| Price | Free | Free | Free + IAP |
Alternatives
See all 39 ›Where else it ranks
Questions about Wealthsimple
Who can open an account?
Wealthsimple is available exclusively to Canadian residents. Identity and residency verification are required to open an account.
Can I trade stocks and ETFs?
Yes. You can choose from thousands of stocks and ETFs, with no account minimums and no commissions. Fractional shares are available for more than 500 stocks and ETFs.
Can I trade cryptocurrency?
Yes. Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, and more than 180 other coins. It also says you can stake and transfer coins to and from your Wealthsimple wallet.
Is Wealthsimple free?
Yes. Wealthsimple is free on the App Store, with no in-app purchases.
What is Wealthsimple good for?
Wealthsimple is built for investing through an expert-built portfolio, trading stocks, etfs, or cryptocurrency, using a chequing account to save and pay bills. It sits in the stock investing list on AppTierList.
Is Wealthsimple worth it?
Wealthsimple is A tier, ranked #12 of 40 stock investing apps with a score of 85 out of 100, from a 4.7 App Store rating across 112 ratings. It is in the list's top tiers; 11 apps rank above it.
How does Wealthsimple compare to Robinhood?
Wealthsimple is A tier at 85; Robinhood is A tier at 85. They score the same. Wealthsimple is free, with no in-app purchases, Robinhood is free, with no in-app purchases.
How often is Wealthsimple updated?
Wealthsimple was updated 3 days ago, which counts in its favour.
All the facts
- List
- Stock Investing
- Tier
- A (Excellent)
- Score
- 85 / 100
- Rank in list
- #12 of 40
- Ranking certainty
- settled
- Price
- Free
- App Store rating
- 4.7 out of 5
- Number of ratings
- 112
- Current version
- (3 days ago)
- App Store data read
- App Store category
- Finance
- Good for
- Investing through an expert-built portfolio, Trading stocks, ETFs, or cryptocurrency, Using a chequing account to save and pay bills
- Requires
- iOS 16.4 or later
- Size
- 243 MB
- Age rating
- 12+
- Languages
- 2
- Developer pages
- Website · Support · Privacy policy
- Maker
- unclaimed
- As data
- JSON · why it ranks here
Ranking refreshed · how it is computed