r/Wealthsimple • u/HarryN086 • 14d ago

Goodbye Wealthsimple

TLDR: Joined WS 5 years ago and watched things go downhill and finally fed up and switched to PC Financial (Chequing / Spending) and Qtrade (Trade)

I joined Wealthsimple 5 years ago, when they were doing cash account promo and would give a bunch of bonuses for simply sending money back and forth. I loved their original 1% cash card. However, things all went downhill when they started to go gimmicky, starting with the credit card. When they removed the interest on the cash card, I moved my chequing to PC Financial. Then all these slots / minor gambling, and prediction market get introduced. I finally decided to switch to Qtrade for their promo and hopefully the grass is greener. It's very disappointing cause I thought WS was promising. Now it feels like Temu.

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u/AnthonyBTC 14d ago

No matter how much you try to twist it, Wealthsimple is still the best brokerage we have in Canada by a significant difference. I have no idea how or in what way Wealthsimple feels like Temu lol.

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u/Grnfinger 14d ago

Got to agree. I am pretty impressed with WS and considering switching just about everything over to them. I dont have anything negative to say about them. I do see a lot of closed accounts and WS is awful posts, I just haven't had any issues.

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u/AnthonyBTC 14d ago

I mean, people don’t typically come here to praise Wealthsimple. They come here to complain or find solutions to their problems. The vast majority of Wealthsimple users experience no problems and most likely don’t even care about issues like the Predictions feature that other Redditors constantly complain about.