How to Open a WealthSimple Account in 5 Easy Steps

We understand that opening a wealthsimple account can be a daunting task, especially if you’re new to investing. However, with our step-by-step guide, we’ll make it easy for you to open a wealthsimple account in just five easy steps.

Step 1: Sign Up The first step to opening a wealthsimple account is to sign up. Head to the wealthsimple website and click on the “Get started” button. You’ll be prompted to enter your email address and create a password. Once you’ve done this, click on the “Continue” button.

Step 2: Choose Your Account Type Next, you’ll need to choose the type of account you want to open. Wealthsimple offers a range of accounts, including RRSP, TFSA, personal, and joint accounts. Select the account type that best suits your needs.

Step 3: Complete Your Profile Once you’ve chosen your account type, you’ll need to complete your profile. This will involve providing personal information, such as your name, date of birth, and address. You’ll also be asked to answer a few questions to determine your investment goals and risk tolerance.

Step 4: Fund Your Account Once your profile is complete, it’s time to fund your account. Wealthsimple accepts a range of funding options, including bank transfers, electronic fund transfers, and cheques. Choose the funding option that works best for you and follow the instructions provided.

Step 5: Start Investing With your account funded, it’s time to start investing. Wealthsimple offers a range of investment options, including low-cost ETFs and socially responsible investing options. Choose the investment options that align with your goals and risk tolerance, and let Wealthsimple take care of the rest.

Overall, opening a wealthsimple account is a simple and straightforward process. By following these five easy steps, you’ll be on your way to achieving your investment goals in no time.