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Wealthsimple gives both you and the person who referred you a $25 cash bonus when you open a new account and fund it. The minimum deposit to qualify is just $1 — one of the lowest thresholds of any Canadian investing platform.The bonus is deposited directly into your Wealthsimple Chequing account, usually within 24 hours of your qualifying deposit landing. If you don't have a Chequing account yet, you'll need to open one (it's free, with no monthly fees) to receive the bonus.There is no limit to how many people an existing user can refer, which means the referrer earns $25 for every new person who signs up and funds their account.
Click the sign-up button on this page or enter referral code MBXDAG when creating your Wealthsimple account. You can sign up through the app (iOS or Android) or on the web at my.wealthsimple.com.
Step 2: Verify your identity
Complete Wealthsimple's identity verification. You'll need a Canadian government-issued ID and a quick selfie. This typically takes less than five minutes.
Step 3: Fund your account
Make a deposit of at least $1 into any eligible account (Self-Directed Investing, Crypto, Managed Investing, or Chequing). Your deposit must arrive within 30 days of creating your account. Once the funds land, you'll both receive $25 — usually within 24 hours.
Buy and sell over 8,000 Canadian and U.S. stocks and ETFs with zero trading commissions. Start with as little as $1 using fractional shares.
Access 50+ cryptocurrencies directly in the app. Wealthsimple is Canada's first regulated crypto trading platform, operated through Wealthsimple Digital Assets Inc.
Earn interest on your cash balance with no monthly fees, no minimum balance, and free Interac e-Transfers. This is also where your referral bonus gets deposited.
For hands-off investors, Wealthsimple offers automated portfolios with built-in diversification, automatic rebalancing, and dividend reinvestment.
File your Canadian tax return for free with Wealthsimple Tax — rated one of the best free tax filing tools in Canada.
TFSA, RRSP, FHSA, RESP, LIRA, non-registered, corporate, and margin accounts are all available and managed from a single app.
Award-winning user interface
Both crypto and stock trading
49+ cryptocurrencies available
Crypto staking rewards
Regulated Canadian platform
Socially responsible investing options
Real-time portfolio tracking
High-interest savings account
Wealthsimple is Canada's largest online investing platform, with over 3 million users and more than $70 billion in assets under administration. It was founded in Toronto in 2014 and is majority-owned by Power Corporation of Canada.The platform is regulated by the Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF), which protects your investments up to $1 million per account. Wealthsimple uses bank-level encryption, two-factor authentication, and ongoing transaction monitoring to keep your account secure.For most Canadians — especially those starting out or investing in low-cost ETFs — Wealthsimple offers the best combination of zero commissions, an intuitive mobile app, fractional shares, and automatic investing. The app is rated 4.6 stars on the Apple App Store.
Yes. The $25 referral bonus can generally be combined with other active Wealthsimple promotions. For example, Wealthsimple is currently running The (Un)Real Deal promotion (ending March 31, 2026), which offers a 1% to 3% cash match on institutional transfers of $25,000 or more, plus entries into a $3 million home giveaway.The recommended approach is to sign up with the referral code first to lock in your $25, then enroll in The (Un)Real Deal through the app before initiating your transfer. Always check the specific terms of each promotion for combinability details, as these can change.
What is the current Wealthsimple referral code?
The referral code is MBXDAG. Enter it when creating your account, or use the sign-up link on this page to have it applied automatically.
How much is the Wealthsimple sign-up bonus?
You receive $25 CAD in cash. Both the new user and the person who referred them each get $25.
What is the minimum deposit to get the bonus?
Just $1. Wealthsimple has one of the lowest referral thresholds in Canada — you don't need to deposit $100 or more like some other platforms require.
When will I receive my bonus?
The $25 is typically deposited into your Wealthsimple Chequing account within 24 hours of your qualifying deposit arriving. You must have a Chequing account open to receive it.
I already signed up but forgot to enter the referral code. Can I still get the bonus?
Yes, but you need to act quickly. If you haven't funded your account yet, you can add the referral code at any time before making your first deposit. If you've already funded your account, you have 7 days from the date of your first deposit to apply a referral code retroactively. After that window closes, the bonus cannot be claimed.
Where do I enter the referral code?
During the sign-up process, you'll see a field labeled "Enter referral code" or similar. Enter MBXDAG there. If you're already past sign-up, open the app, tap the gift icon at the top of the screen, and navigate to the Referrals tab.
What accounts qualify for the referral bonus?
You need to open and fund one of the following: Self-Directed Investing, Crypto, Managed Investing, or Chequing. Wealthsimple Tax alone does not count — if you've only ever used Wealthsimple Tax, you are still considered a new client and are eligible for the bonus.
Does the referral code work for existing Wealthsimple users?
No. The referral bonus is only available to new clients who have never held a Self-Directed Investing, Crypto, Managed Investing, or Chequing account with Wealthsimple.
Is there a Wealthsimple promo code different from the referral code?
Wealthsimple does not use traditional promo codes or coupon codes for sign-up bonuses. The referral code (like MBXDAG) is the standard way to receive the $25 bonus. Separate promotions like The (Un)Real Deal have their own enrollment process inside the app and do not use a code.
Can I refer my spouse or family members?
Yes. Wealthsimple does not restrict referral bonuses based on household address. As long as your spouse or family member qualifies as a new client (never held an investment or chequing account with Wealthsimple), they are eligible.
Is Wealthsimple safe and regulated?
Yes. Wealthsimple is regulated by the Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF), which covers your investments up to $1 million per account. Wealthsimple is majority-owned by Power Corporation of Canada, a company that has been operating for over 100 years.
Join millions of Canadians already using Wealthsimple. Use code MBXDAG and the bonus is deposited automatically once you fund your account.Referral Code: MBXDAG 🎁
* Terms and conditions apply. Minimum deposit required.
Wealthsimple Referral Code: MBXDAGMore Referral Codes: Kraken · Shakepay · NDAX · NewtonAffiliate Disclaimer — We earn from qualifying purchases. This site earns a commission when you sign up through our referral link at no extra cost to you.Disclaimer: This website is for informational purposes only. Trading stocks, ETFs, and cryptocurrencies carries risk. Please conduct your own research before making any investment decisions. Wealthsimple products and services are offered by Wealthsimple Inc. and its affiliates.