Wealthsimple.com Review: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, stock plus crypto trading app that distinguishes itself from similar apps by charging absolutely no fees. 

A leading Canadian online financial services company launched in Fall of twenty fourteen exclusively as a robo advisor automated trading platform named Wealthsimple Invest, it has evolved substantially over the past 8 years to also include Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows investors trade single stocks and also ETFs without having to pay any commissions. The exception is when trading stocks and ETFs which are denominated in US Dollars. In this case, they will charge a currency conversion fee when buying and selling. However, behind us are the times of having to pay $7-12 for each trade with online discount brokerages as was normal only a few years past.

How Much in Funds Will I Need to Get Started on Wealthsimple Trade?

Wealthsimple is awesome such that they allow new customers to make a minimum deposit of just $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of 1k-5K. This makes it hard for the every day new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade has available both registered and non-CRA-registered account types. You are free to select both RRSP and TFSA accounts during the setup phase. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is available on Apple and also Google Play. The smartphone app makes the signup steps and also trading of stocks and ETFs incredibly a breeze.

But Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management . they’ve been expanding for more than 7 years and now employs over 600 people. The controlling owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage to operate in Canada.

So How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to deposit to your account. Just connect to a chequing or savings account to your Trade account, and add money to your account in just a couple of steps. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can also be withdrawn your chequing or savings account using the same method.

Which Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to Interac e-transfers that allow one to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you require to get ready for tax year and submit your tax return online free. It’s described as easy, accurate and always free tax return filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account which lets you to get 1% cashback on your spending, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a ton of courses on saving, investments, crypto, mortgages and much more. 

Every one of the mentioned products, including Wealthsimple Trade may be accessed inside the mobile app or at the website with one login.

How Can I Begin With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For an exclusive registration bonus for our audience you’ll receive the cash value of a random share valued at $25 up to $4,500 CAD once you add funds to your account.

So What if I Still Have Additional Questions About Wealthsimple Board Of Directors?

If this review hasn’t given you the answers to each of your questions, and you’re browsing for more answers relating to Wealthsimple.com Review, check out the Wealthsimple site for answers to every one of your questions.