Between September 13, 2021 and October 12, 2021, when you invite your friends to Wealthsimple Trade and they open and fund a non-registered personal account, you’ll earn the cash equivalent of 3 stocks (instead of just 1 stock) and your friend will earn the cash equivalent of 2 stocks. The cash bonus will be applied within 7 days after your friend opens and funds their new Wealthsimple Trade account with a minimum of $1 in accordance with the terms and conditions below.
Note: 1 entry per Qualified Referral. The Referee must be a new Wealthsimple Trade client, being someone who has not opened a Wealthsimple Trade account with us in the past. Quebec Excluded (see below).
How do I Refer a Friend?
- Sign into the Trade app on your mobile device and make sure that your app is completely up-to-date
- Tap on the gift icon at the top right-hand side of the screen; and
- Select “Invite friends to win” and share your link — text it, share it on social or copy and paste the link!
Note: You cannot refer a friend directly through the desktop version of Trade.
Which stocks apply?
Wealthsimple selects stocks from among the most popular and highest total value (market capitalization) stocks held and traded on Wealthsimple Trade. Because they are chosen randomly, you may not receive the same stock bonus as others.
The free stock bonus has a value of between CAD$5 and CAD$4500 with an average of CAD$15 and ~95% of clients receiving less than CAD$50 per stock based on the stock value at the time of selection. The free stock bonus is calibrated to these values on a regular basis but remains subject to market movements.
Who can enter?
Referee: Must be a new Wealthsimple Trade client meaning they have not previously opened a Wealthsimple Trade account, and must sign up within the promotional period. They must also be residents of Canada (excluding Quebec - see below).
Referrer: Must be a Wealthsimple Trade client with accounts in good standing and residents of Canada (excluding Quebec - see below). Must also have the latest version of the Trade app.
What If I am a Quebec Resident?
Due to regulatory restrictions, Quebec residents will not qualify to receive a randomized bonus either as Referee or Referrer. Instead, Quebec residents shall receive the cash equivalent of three fixed stocks worth no less than $20 each based on the stock value at the time of selection. You must otherwise be eligible for the promotion and all applicable terms and conditions apply including the 1 entry per qualifying referral limit. There is no requirement that you purchase any security with the bonus.
Wealthsimple will continue to monitor and calibrate the Quebec bonus as market conditions change. Wealthsimple reserves the right to update the Quebec bonus and will provide notice of that change here.
Why is it a “Cash Equivalent”?
Wealthsimple Trade does not provide recommendations or investment advice. When you receive the cash equivalent of a stock, the cash will be deposited directly into your account and there is no requirement that you purchase any security with the cash. You alone will be responsible for you investment decisions and Wealthsimple Trade will not consider your financial situation, investment knowledge, investment objectives, savings objectives and risk tolerance when accepting orders from you.
How do I claim my Bonus?
To get your stock rewards, your friend will need to open a Personal Non-Registered Wealthsimple Trade account within the promotional period by following your referral link. They will also need to fund the account within 30 days of opening it and before the end of the promotional period (they can fund the account with as little as $1).
Once the above steps are carried out, you'll both receive your reward within 7 days which you must then claim in-app. You have 30 days to claim your reward before it expires.
I referred a friend before this program started. What will happen to my cash referrals?
Any pending cash referrals will stay open for your friends to claim and any new referrals will be stock rewards.
I was given a referral link by a friend but I forgot to use it when I signed up. Can I still get the referral bonus?
If you signed up to Wealthsimple Trade within the last 30 days, you can still use your friend's referral link.
- Sign into the Trade app on your mobile device
- Tap the gift icon at the top of the screen
- Select I was referred by someone near the bottom of the screen
- Enter the unique code from your referral link (the series of letters found at the end of the URL)
Do my rewards expire?
If you’ve already open and funded a Trade account, your rewards will stay open until you claim them. However, if you’ve opened but have not funded a Trade account, your reward will expire within 30 days or at the end of the promotional period. Don’t worry - we’ll make sure to send you a reminder to fund your new Trade account to claim your reward.
Can this Promotion be combined with other sign up bonuses?
No, as a general rule, this promotion cannot be used in addition to any other bonus, including our other promotional offers for signing up for Wealthsimple Trade.
Referral Arrangement Disclosure
During the Stock Rewards Referral Promotion, you are effectively entering into a referral arrangement with Wealthsimple Trade, whereby Wealthsimple Trade will deposit three (3) cash equivalents in your account (the Referrer) and two (2) cash equivalents to your friend’s account (the Referee), once the Referee opens and funds a personal Wealthsimple Trade Account. The names of each party entering this agreement are disclosed on the application at the time of the referral. We have adopted policies and procedures to assist us to identify and control any conflict of interest that we may face. If a referral is made to a registrant, all activity requiring registration resulting from the referral arrangement will be provided.
Terms & Conditions
Wealthsimple Trade: Stock Rewards Referral Promotion
The Bonus and Odds. The Bonus is a cash deposit equal in value to 2 (Referee) or 3 (Referrer) shares selected randomly from the shares Wealthsimple has chosen for this Promotion. When shares are selected for this Promotion, Wealthsimple selects stocks from among the most popular and highest total value (market capitalization) stocks held and traded on Wealthsimple Trade. Because they are chosen randomly, you may not receive the same Bonus as others. The Bonus has a value of between CAD$5 and CAD$4,500 with an average of CAD$15 and ~95% of clients receiving less than CAD$50 based on the stock value at the time of selection. The Bonus is calibrated to these values on a regular basis but remains subject to market movements. The Bonus will be applied within 7 days after Promotion entry in accordance with these terms and conditions.
Eligibility. To enter and be eligible to win, you must:
- be a legal resident of Canada (excluding Quebec);
- be of the age of majority, or older, in the province/territory of residence at the time of entry; and
- meet the entry requirements outlined below.
Quebec Residents. Quebec residents do not qualify for the Bonus. Instead, Quebec residents that otherwise meet the eligibility criteria and entry requirements will receive a non-randomized reward of the cash equivalent of 2 (Referee) or 3 (Referrer) shares worth no less than $20 at the time of selection (the “Quebec Bonus”). The Quebec Bonus may be updated periodically to reflect changes in market conditions and promotion design. We strongly encourage you to refer to these terms and conditions for the latest details.
Neither the Quebec Bonus, the randomly selected share, nor identification of a particular security in communications related to this program shall constitute a solicitation of the security or a recommendation to buy, sell or hold the security. Wealthsimple Trade does not provide investment advice and does not hereby recommend any security or transaction. There is no requirement that you purchase any share with the Quebec Bonus.
Qualifying Referral. To enter, a current Wealthsimple Trade client with accounts in good standing (the “Referrer”) must provide their referral link to a new Wealthsimple Trade client (the “Referee“), being an individual who has not previously registered for or created a Wealthsimple Trade Account, that signs up for a Promotion Account after following that referral link containing the unique tracking code.
Limit 1 entry per Qualifying Referral.
Promotion Account. In order to qualify and receive the Bonus, both the Referrer and the Referee must have or open a Non-Registered Wealthsimple Trade account (each a “Promotion Account”) by visiting https://www.wealthsimple.com/en-ca/product/trade/ and following the instructions on how to create an account. There are no fees associated with the creation of a Promotion Account.
Funding Requirement. Once the Referee has opened a Promotion Account (must be a non-registered account i.e. not TFSA or RRSP), they must fund the Promotion Account with at least $1. The funding requirement must be met within 30 days of account opening and prior to the end of the Offer Period.
Hold Period. Customers who receive a Bonus must keep the Bonus in their Promotion Account (or another Wealthsimple account) for 90 days or the Bonus may be deducted from their final withdrawal amount or otherwise recovered by Wealthsimple.
No purchase necessary: To enter without meeting the funding requirement, the Referee must type out your name, address, city, province or territory, postal code, telephone number, and a unique and original 100-word or more essay on “My Investing Strategy”, and enter it in this form. Except for the funding requirement, you must otherwise qualify for the Promotion in accordance with these terms and conditions, including following the referral link and opening the Promotion Account. If the entry complies with the above requirements, it will result in one (1) entry. Incomplete entries will be void. No script, macro, robotic or other program-assisted, mechanically reproduced, bulk or mass entries are permitted. Limit 1 entry per Qualifying Referral still applies.
Offer Period. This Promotion begins on September 13, 2021 and ends on October 12, 2021.
Release. You assume all risk of injury, illness, disease, death, or any other damage which may arise in connection with your participation in the the Promotion. Without limiting the foregoing, you hereby: (a) forever release and discharge Wealthsimple and its parent companies, subsidiaries, affiliates, related and associated entities and employees, directors, officers, suppliers, agents, sponsors and administrators of each (collectively, the “Releasees”), from and against any and all claims, actions, costs, liabilities, judgments, damages, obligations, losses, penalties, and expenses of any kind or nature whatsoever (including legal fees) (collectively, the “Claims”) in any way arising directly or indirectly out of any injury, loss, or damage that you may suffer as a result of, or in connection with your participation in the Promotion or any promotion-related activity, including the posting of the Bonus in your Promotion Account and subsequent use of the Bonus; and (b) indemnify, defend and hold harmless the Releasees from and against any and all damages, loss and expenses, including legal fees, which may be suffered directly or indirectly by reason of your own negligence or willful misconduct during or in connection with your participation in the Promotion;
No Recommendation. Neither the Bonus, the randomly selected share nor identification of a particular security in communications related to this program shall constitute a solicitation of the security or a recommendation to buy, sell or hold the security. Wealthsimple Trade does not provide investment advice and does not hereby recommend any security or transaction. There is no requirement that you purchase the randomly selected share with the Bonus.
Publicity. By participating in the Promotion, you consent to the use of your name, social media handle(s), comments and image, for any publicity carried out by Wealthsimple Trade in relation to the Promotion, without further notice or compensation.
General. Wealthsimple reserves the right to amend, withdraw or restrict the Promotion and/or these terms and conditions at any time without notice. Wealthsimple is the sole arbiter of these rules and any other issue arising under the Promotion. If Wealthsimple suspects fraudulent or abusive behaviour, inappropriate, offensive or derogatory language, gaming of the system or a violation of these terms, Wealthsimple reserves the right to remove all promotions from the Promotion Account including the Bonus and take any other action it deems appropriate including, but not limited to, closing the Promotion Account. This offer cannot be used in conjunction with any other promotional offer. An invitation to participate in this offer does not provide assurance that you will be accepted as a customer of Wealthsimple. This offer is only valid for customers in Canada (excluding Quebec as outlined above) that otherwise meet our eligibility requirements. Our standard terms (https://www.wealthsimple.com/en-ca/legal/terms) relating to your use of Wealthsimple and the investment management agreement that applies to the Promotion Account each apply and are not affected in any way by this offer.