Canadian stock broker Wealthsimple has launched an eye-catching new promotion offering customers the chance to win a $3 million home in Vancouver, alongside cash bonuses of up to 3% on transferred investments.
The campaign, branded “The (Un)real Deal,” runs until 31 March and is designed to encourage investors to move existing accounts to the platform. To qualify, users must, open an account with Wealthsimple, register for the promotion and transfer at least $25,000 to Wealthsimple from another financial institution within 30 days.
Chance to win a $3 million home when you open an account with Wealthsimple
Eligible new Wealthsimple customers will be entered into a draw to win a three-bedroom, three-bathroom home in Lions Bay, Vancouver, valued at around $3 million.
The property comes fully furnished and includes a private deck with a hot tub, a gym and sauna, and panoramic views of the surrounding mountains, forest and ocean. The prize also includes $100,000 in cash to cover the first year’s running costs.
Entries to the draw are earned through funding transfers, with every dollar transferred generating an additional entry. Referring friends to the platform can also boost the number of entries.
The winner of the Vancouver home will be drawn on 4 May 2026, shortly after the promotion closes.
Plus get up to 3% transfer bonus
Alongside the prize draw, Wealthsimple is offering investors a cash match of between 1% and 3% on the value of transferred accounts.
However, the bonus is paid over time rather than upfront:
- 1% match paid over 12 months
- 2% match paid over 36 months
- 3% match paid over 60 months
For example, transferring $200,000 and selecting the 3% option would generate a $6,000 bonus, paid at roughly $100 per month over five years.
Investors must keep most of the transferred funds on the platform during the payout period. If more than 20% of the assets are withdrawn, future bonus payments may be reduced.
Are transfer bonus offers worth it?
Transfer bonuses have become an increasingly common tactic among investment platforms competing to attract new customers.
However, you should not switch accounts purely based on a welcome offer, as your new provider may not offer as many markets or be more expensive. You should only take advnatage of a transfer offer if you were going to switch brokers anyway.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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