Wealthsimple Investing Referral Bonus
Open a Wealthsimple account using referral code MKBMAW and deposit or transfer $100 or more to claim a cash bonus between $25 and $3,000.
Commission-Free Canadian Investing & Automated Wealth Building with Wealthsimple
As Canada's leading digital financial platform managing over $30 billion in assets, Wealthsimple has revolutionized personal finance for millions of Canadians. Offering commission-free stock and ETF trading, automated robo-advisor investment portfolios, high-interest chequing accounts (Wealthsimple Cash), and crypto trading within a unified mobile app, Wealthsimple makes growing wealth effortless. Opening an account using referral code MKBMAW qualifies new users for a cash bonus ranging from $25 up to $3,000 upon depositing or transferring investment capital.
Why Wealthsimple is Canada's Top Digital Brokerage
- $0 Commission Stock & ETF Trading: Buy and sell thousands of Canadian and US equities on the TSX, NYSE, and NASDAQ with zero trading commissions.
- High-Interest Wealthsimple Cash Account: Earn 4% to 5% annual interest on everyday cash balances with 0.5% cash back on debit card spending and zero monthly fees.
- Tax-Efficient Account Structures: Maximize long-term wealth growth within Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP), First Home Savings Accounts (FHSA), and non-registered accounts.
- Automated Dividend Reinvestment (DRIP): Automatically reinvest cash dividends into fractional shares to compound portfolio returns faster.
- Institutional Security Protection: Accounts are protected by CIPF (Canadian Investor Protection Fund) coverage up to $1 Million CAD and CDIC insurance on cash balances up to $500,000 CAD.
How the Referral Code MKBMAW Bonus Functions
The Wealthsimple welcome promotion rewards account funding. When you sign up via code MKBMAW and deposit or institutional transfer $100 CAD or more into any Wealthsimple product (Trade, Invest, Cash, or Crypto) within 30 days of registration, the system randomly awards a cash bonus credit directly into your cash wallet balance.
Eligibility Criteria & Program Rules
- Canadian Residency Requirement: Open to Canadian residents who have reached the age of majority in their province or territory.
- Claim Window: If you created an account without entering a code, code MKBMAW can still be manually added in the app under **"Earn Cash -> Had a referral code?"** within 30 days of opening.
- Qualifying Capital: Requires a net deposit or institutional transfer of $100 CAD or more. Higher asset transfers (e.g., $100,000+) qualify for elevated Tier bonuses and Generation status perks.
Step-by-Step Instructions to Redeem
- Download the Wealthsimple app or visit Wealthsimple.com.
- Create your profile and enter referral code MKBMAW during sign-up.
- Open a TFSA, FHSA, RRSP, or Cash account.
- Link your Canadian bank account and deposit $100 CAD or more.
- Receive your cash bonus deposited directly into your Wealthsimple account within 24 hours!
Key Features
- Automated portfolio rebalancing
- Commission-free stock and ETF trading
- Advanced charting with technical indicators
- Real-time market data and news
- Retirement accounts with tax benefits
- Recurring investments for automation
- Fractional shares starting from $1
- SIPC protection up to $500,000
How to Claim
- Visit Wealthsimple and click "Get Started".
- Create your account and complete identity verification.
- Enter referral code MKBMAW when prompted.
- Link your bank account and deposit at least $100 within 30 days.
- Receive a $25 cash bonus credited to your account.
Frequently Asked Questions
Reviews
267 reviewsGreat for TFSA investing
Clean app interface and the $25 welcome bonus landed in my account after funding $100.
Verified PurchaseApp is intuitive but charts are basic
Good for casual investors. Active traders might want more advanced charting. Bonus posted fine.
Verified PurchaseFractional shares are a game changer
Can invest $10 in Amazon. The referral bonus helped me diversify my first portfolio.
Verified PurchaseWealthsimple Invest is hands-off wealth building
I use both Trade and Invest. The Invest robo-advisor has returned 8.2% annually with zero effort on my part. The $25 bonus was a nice start. Tax-loss harvesting on Invest+ saved me money at tax time.
Verified PurchaseGood platform, spreads on crypto are high
Stock and ETF trading is truly commission-free and the free stock bonus was legitimate. However, if you want to trade crypto, the spreads are wider than dedicated exchanges. For stocks and ETFs, it is excellent.
Best robo-advisor I have used
Returns have been consistent and the fees are minimal. The referral credit was applied automatically.
Verified PurchasePerfect for Canadian beginner investors
Opened my TFSA with Wealthsimple and got $25 in free stock within a week. The app makes investing incredibly simple. Auto-deposits and fractional shares mean I can invest $50/week without thinking about it.
Verified PurchaseGood platform, limited research tools
Great for executing trades but fundamental analysis tools are basic. The bonus was legitimate.
Verified PurchasePerfect for beginner investors
The free stock got me started and the app makes trading incredibly simple. No commissions is huge.
Automated investing works great
Set up recurring deposits and watch my portfolio grow. The bonus arrived within a week.