Wealthsimple
Trade, Invest, Save & Spend.
How much does Wealthsimple cost?
Prices are current as of 7 Sept 2026.
Wealthsimple has no in-app products on record in Canada.
10+ alternatives to Wealthsimple
| Wealthsimple |   PC Financial Mobile |   Amex Canada |   KOHO: Award-winning Money App |   Tangerine Mobile Banking |   EQ Bank Mobile Banking |   Neo Financial |   Shakepay: Buy Bitcoin Canada |   Questrade: Invest & Trade |   Simplii Financial |   Webull: Trade Stocks & Options | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating / 5 | 4.6 | 4.7 | 4.9 | 4.8 | 4.7 | 4.8 | 4.8 | 4.6 | 4.7 | 4.2 | 4.6 |
| Reviews | 130K | 353K | 156K | 89K | 79K | 60K | 56K | 24K | 20K | 13K | 3.1K |
| Released | 2019 | 2019 | 2012 | 2017 | 2014 | 2015 | 2020 | 2018 | 2021 | 2012 | 2023 |
| Monthly price | — | — | — | — | — | — | — | — | — | — | CA$4.99 |
The going rate for each plan in Canada, in its own currency, shaded from the cheapest price on the row to the dearest.
Wealthsimple reviews
4.6 out of 5, based on 129,682 reviews.
What people like
- Super simple and easy to use.
- Design feels thoughtful and clean.
- Much better than traditional banks.
What they complain about
- App lags and crashes often.
- Security breaches and data theft risks.
- E-transfers fail or get stuck.
- Too many gambling-style notifications.
Great app
This was supposed to be a holding place for cash I would normally spend on things I didn’t need. Over the last 2 years I had started to invest and learn. My portfolio slowly built to +62% I am so glad I found this app and I hope it does well for you too
Absolutely horrible customer service.
Didn’t deposit my etransfer because they’re having “issues”. Cannot reach anyone to ask when they’ll stop having “issues”. No idea where my money went because the other bank said it was deposited.
Great UI, but stop removing features
Love the app for everyday investing and saving because the UI is incredibly simple and easy to use. It’s really annoying when they add good features like EPS, earnings reports, and the wealth rank, just to randomly remove them later. You should just add a toggle in the settings to let us keep them turned on.
Three major issues with receiving and sending e-transfers
Issue 1: E-transfer deposits via email link don’t work (two fold problem) This is actually two problems layered on top of each other. First, the app itself cannot deposit an Interac e-Transfers through the email link when a security question is required — there’s a glitch that blocks the deposit outright. The only reliable way to receive an e-Transfer is to have Auto-Deposit set up in advance, or to use a web browser. If you try to deposit with app and without auto deposit, the link is broken from the email. Second, even trying to work around this is broken. There is no way to open the email link in a browser instead of the app — no “open in browser” option exists. Since the app fails to process the deposit, and the link forces it to open in the app anyway, the only workaround is to delete the app entirely so the link is forced to open in a browser instead, where the deposit actually works. Issue 2: E-Transfer money requests can’t be fulfilled via email link either If a third party sends the user a request for money, the app has the same problem. The user cannot fulfill that request through the email link — the app fails to process the payment and the funds never get sent to the third party. When the user clicks the email link to fulfill the request, it simply opens the app and does nothing else — it doesn’t offer any action to actually fulfill the request. It just automatically opens the app, and that’s it. How incredibly silly, to make users, delete the app over and over again, simply to deposit e-transfers… yikes. It’s too bad because everything else is great.
Add back top gainers section
It was good until this recent update wanted to this app all about simplicity and they even got rid of top gainers section for stocks.
J’adore
J’adore Wealthsimple ! L’application est simple, claire et vraiment agréable à utiliser.
Frequent bugs, higher than the actual transaction deduction
Often bug, often unable to buy and sell transactions, resulting in missing the opportunity. The fee deduction is higher than the actual transaction, and each transaction will be calculated according to Canadian dollars. For example, I obviously made a profit of 50, but I actually lost money after selling!
Can not see average price for authorized account
I like the idea of authorized account, that I could trade for my wifi’s account without carrying 2 devices. But if you could make a little improvement that display the details like how many shares, average cost, would be great
How Not To Fix Your UI
Still plagued with basic reliability issues in the app and their back-end. But the real issue is the constant reduction of UI efficiency as they gamify their platform. On the “plus” side, if you like gambling, this is your brand! Or cheesy contests which no one seems to quite win, but we’re constantly reminded of. But for investing? They’re more or less dog waste now. “Taking over your life” should probably be, “Watch us spiral.” And still… How can Wealthsimple market 'paycheque-to-crypto' tools (!) when they and their own regulator (CIRO) struggle to keep our SIN numbers safe?
Student / Étudiants
Premier chose les gens à Wealthsimple doivent à embaucher plus de francophone québécois et franco en général pour l’application comme c’est évident que a software engineer and translators built the app but pas des gens qui sont francophone… Le Canada c’est français et anglais. Quand je utiliser l’appli c’est English forward and you can tell. Second issue Étudiants??? Big banks and other credit lenders have nice deals for student line of credit and credit card offerings but the baseline credit card uni students have to pay 20$ as most of them are full time and aren’t working that much to meet requirements to make it zero. More internships and jobs for uni students too if there is more undergrads working they can make the corporation better and can put their issues and voices towards improving this app and business.
I love it
I have switched 99.9% of my banking over to Wealthsimple and am enjoying everything about it. It’s not for everyone — if you still have a landline and write a cheque to buy groceries, this app isn’t for you — but if you are reasonably technically and financially competent and want greater control over your own wealth than traditional banks allow (with their ridiculously expensive management fees), you should seriously try Wealthsimple.
Ios support
It should work on ios 15.. Restrict on ios is frustrating Please make it work on ios 15..
Getting better
May2026: having a pop up when I’m entering my PIN code is Aliexpress-level of annoying. The benefits for each tier need updating, none of the current offers are appealing, give us Costco, internet, cell plans, that sort of thing.
Bug
Bug avec les décimales pour trader
Je l’adore
Si pouvait mettre un 6 je le ferais
Vulnerabilities and security breaches
A Wealthsimple impersonator used all my personal information and stole my life savings, support plainly told me to go F myself, they take no responsibility and gladly give away your information with frequent security breaches
Good but Delay
Every time the app is updated, it becomes noticeably laggy and less responsive. The overall experience actually feels worse after each update. Please improve the app’s performance and stability, as the constant lag and delays are very frustrating.
Laggy
The app is way too laggy and will cause you to lose trades
Simplicity!
I absolutely love the Wealthsimple app. What really stands out to me is its simplicity—the app feels thoughtfully designed with the idea that anyone and everyone should be able to use it comfortably. Compared to other financial apps I’ve tried, I genuinely find myself wanting to do everything through Wealthsimple. The experience is intuitive, clean, and never feels overwhelming. Whoever is on your design team, please don’t let them go! 😄 In my opinion, this is Wealthsimple’s biggest USP and one of the main reasons I keep coming back to the app.
Bs of an app
Bs
was previously more functional
Still a decent app, but a few recent changes reduce functionality: - When there’s an update, which is often, the app doesn’t function until you update. Highly inconvenient. - Gameified notifications about gimmicky draws & entries.
Best bank
I’ve used every big Canadian bank, none even come close to how good Wealthsimple is.
App eats data. Prediction markets are corrupt
I don’t understand how an app like this eats so much data. I have limited data and it’s one of the highest consumers, beating streaming videos and images. Also, they have entered the corrupt world of prediction markets, betting on every day events. It’s too bad because they would be good otherwise.
Top Notch user experience!
Amazing banking and investing app, I’ve been using it for years! Use code A3TK5W for a $30 reward!
Very buggy
I like wealthsimple as a broker and being the first to go zero commission in Canada, but the app has become junk. I get the black bar of doom where the bottom half of the screen is blocked off and I can’t see anything. I also have an issue where the on screen keyboard does not show up when trying to place a market/fractional order. The app also seems to heat up the phone to the point where it starts to freeze and there a 10 second delay per interaction. Never had this many issues with a trading app before. No issues with Questrade, webull or TD
Best app ever
What else can I say other than they do a really good job understanding the user and work around that! They know our needs and bring solutions on a well designed app. Everything is smooth, easy and way better than any other traditional or virtual bank! I have been recommending them for years and will keep doing it!! Let’s go Wealthsimple!!!!!
Support required for ios15
Support required for ios15
The best
I have the CIBC, TD, Tangerine, National Bank, MBNA and Wealthsimple apps. If Wealthsimple did nothing for the next twenty years, waiting for the others to catch up, it would still be ahead.
Fraud and scams
I am waiting for my refund since june and it is still in process the amount t is less than $300 imagine if you’ve refund of $5000 my only option is to go through legal channels now please avoid such fraud banks, makes you think why a physical bank is much better
The #1 technology company in Canada
Everything they do is innovative, makes life simpler and in best interest of people.
Extremely disappointed this company is supporting betting
I used to be a huge wealthsimple fan until they entered betting (“prediction markets”). You’re now actively contributing to the widespread gambling addiction and making it easier than ever for people to start. Greed got the best of this company.
Wealthsimple FAQ
- Is Wealthsimple free?
- Yes. The app is free, in all 1 country it sells in, and it sells nothing inside it.
- Does Wealthsimple have a free trial?
- No. None of its offers (CA) come with a free trial.
- What are the best alternatives to Wealthsimple?
- PC Financial Mobile (4.7 from 352,760 reviews), Amex Canada (4.9 from 156,431 reviews) and KOHO: Award-winning Money App (4.8 from 88,612 reviews).
Wealthsimple download
Last updated 1 month ago.
Wealthsimple sells in 1 country. It was released 7 years and 7 months ago, on 26 Feb 2019. It holds a 4.6 rating from 129,682 reviews.
Supports 2 languages: English, French.
How much does Wealthsimple make?
Third-party estimates for the last 30 days, worldwide — not the store's own figures, which Apple publishes for nobody.