Wealthsimple

Broker — Free

Canadian investing app with Willow, an AI assistant for account tasks, plus AI options analysis tools.

Willow AI assistant plus AI options analysis for education

Overview

Wealthsimple is a Canadian finance app covering self-directed trading, managed portfolios, crypto, chequing and tax filing. It suits Canadians who want commission-free trading in a simple app with AI help built in.

Willow, Wealthsimple's AI assistant, helps with account opening, transfers and other key steps, and can reach you by phone. Wealthsimple's AI disclosure lists chat assistants, voice agents, analysis tools, planning insights and AI-powered options analysis that explains trades for education. Stock trading carries $0 commission, and higher asset tiers add perks.

The catch: Willow is mostly a servicing agent, and Wealthsimple says its AI output is educational, not advice or signals. There is no public API or MCP, and Trustpilot shows its rating as unavailable due to a guidelines breach. It serves Canadian residents only. Skip it if you want an AI that trades or a connector to Claude.

Pros

• $0 commission stock trading
• AI options analysis built into the app
• Willow assistant handles transfers and setup

Cons

• Canada only
• No API or MCP connector

Is Wealthsimple Legit? FAQ

Is Wealthsimple legit?

Wealthsimple is a real, working product with a public track record you can check: 129,866 reviews on the App Store, averaging 4.6 out of 5. We list it because it has a real AI feature, not because it paid us. The biggest drawback we found: Canada only.

How much does Wealthsimple cost?

Wealthsimple is listed at Free / $0 stock trades. Wealthsimple is free to use. Prices change, so confirm on the official site before you pay.

Does Wealthsimple have a free trial?

There is no time-limited trial listed, but the free plan lets you test Wealthsimple before paying.