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Global FX Broker Transparency & Rating
Sources auditable

Wealthsimple Inc

HeadquartersCanada Founded2014 Regulatory licenses1 Websitewww.wealthsimple.com
What this broker record establishes

Wealthsimple is a Canadian investing and wealth platform covering stocks, ETFs, crypto and managed investing services. Users should distinguish self-directed trading, managed portfolios and crypto accounts, then verify regulatory protection, fees and product limits.

Identify the onboarding entity from these records before applying the score or any client protection to an account.

Entity and licence routes

  • The CIRO record in Canada is marked Active under identifier CIRO Investment Dealer for legal entity Wealthsimple Investments Inc..

Why this score?

5 dimensions · open algorithm
Regulation w = 0.3
80.0 24.0 pts
Risk control w = 0.2 · not assessed (base 50)
50.0 10.0 pts
Transparency w = 0.2
70.0 14.0 pts
Reputation w = 0.2 · not assessed (base 50)
50.0 10.0 pts
Disclosure w = 0.1 · not assessed (base 50)
50.0 5.0 pts
Assessment coverage 2/5 · These dimensions lack sufficient public data and stay at the base 50, excluded from downgrade checks: Risk control、Reputation、Disclosure
Facts marked ↗ link to a public source; the rest are internally verified, evidence link pending Methodology Updated at: 2026-10-11 21:15

Regulatory licenses

1 on record
CIRO T1
Active
Canada
IdentifierCIRO Investment Dealer
Wealthsimple Investments Inc.
Verify
Verified 2026-10-11

Which entity onboards you — and what protection you get

1 entities

You contract with one of the licensed entities below, not with the brand. Protection differs enormously between jurisdictions, so check which entity actually onboards you.

Regulator / Jurisdiction Entity Retail leverage cap Investor compensation Negative balance protection
CIRO T1
Canada · CIRO
Wealthsimple Investments Inc. #CIRO Investment Dealer
No cap CIPF: eligible missing property after member insolvency; individuals generally CAD 1,000,000 per combined account category, not per account. Coverage policy applies. Not recorded
Leverage caps, compensation limits and negative balance protection are general jurisdiction rules, not promises by this broker. Entity names and licence numbers link back to regulator evidence.

Company profile

Structure · Ownership · Listing

Score evidence trail

3 scoring facts
Regulation +/− Reason Evidence
Regulation +30.0 Tier 1 licence from CIRO (REG_LIC_CIRO)
Transparency +20.0 Registered and operating locations are consistent (TRANS_HQ_MATCH) evidence pending
Reputation +0.0 Insufficient user reviews (0) for assessment (REP_INSUFFICIENT) evidence pending

Time Machine

2026-10-11 21:15 · score_change
Score changed
2026-10-01 12:34 · score_change
Score changed

AI editor brief

FXCN risk summary

Wealthsimple account types have very different risks. Crypto, stocks and managed portfolios should not be judged by one risk standard.

Generated by AI from structured facts above. All sources are linked under "Why this score".

Frequently Asked Questions

Which authorities regulate Wealthsimple Inc?

As of 2026-10-11, the FXCN database records 1 active licence(s) for Wealthsimple Inc: CIRO #CIRO Investment Dealer, including 1 Tier-1 licence(s). Every entry links to its public evidence source — see the licence table above.

When was Wealthsimple Inc founded and where is it based?

Wealthsimple Inc was founded in 2014 and is headquartered in Canada.

How can I verify Wealthsimple Inc's licences myself?

Take the licence number to the regulator's official register (FCA Register, ASIC Connect, NFA BASIC, etc.) and search it. Every licence row on FXCN links to its regulator evidence page with a last-verified date.

Which scoring dimensions has FXCN actually assessed for Wealthsimple Inc?

The FXCN score combines 5 weighted dimensions: Regulation 30%, Risk control 20%, Transparency 20%, Reputation 20%, Disclosure 10%. As of 2026-10-11, 2/5 dimensions have enough public data to assess; not yet assessed: Risk control, Reputation, Disclosure. Unassessed dimensions stay at the base score of 50 — they neither add points nor trigger the "any dimension too low" downgrade. We would rather flag a gap than fill it with a guess. Every individual point adjustment is listed in the evidence table above. Methodology

User reviews

No reviews yet.
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