Is Wealthsimple Safe?

Short answer: Yes, for most Canadians, Wealthsimple is considered a legitimate and regulated platform.

Why people ask this

App-first investing feels new compared with banks.
Users confuse market risk with platform risk.
Bonus and promo marketing can create skepticism.

Safety foundations

Regulated in Canada.
Client assets held separately from company operating funds.
CIPF protection limits apply to eligible accounts.

What “safe” does and does not mean

✅ Safe platform operations and custody standards.
❌ No guarantee your investments won’t lose value.

Practical trust checklist

Enable 2FA and device security.
Use strong, unique passwords.
Verify official app and domain before login.
Keep records of funding and transfer confirmations.