Wealthsimple Review 2022: 100 Dogecoin Wealthsimple

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, stocks and crypto trading app that differentiates itself from the competition by charging absolutely no fees. 

A Toronto, Ontario based fintech company launched in Autumn of 2014 originally as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has improved considerably over the past eight years to also include Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets investors trade both single stocks and ETFs without paying any commissions. The exception to this is when trading ETFs and stocks that are listed in USD. In which case, they do charge a currency conversion fee when buying and selling. But, behind us are the times of paying $7-12 per each trade with online discount brokerages as was normal only a couple years ago.

How Much Money do I Need to Get Started on Wealthsimple Trade?

Wealthsimple is unique in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable initial deposit amounts of 1k-$5000. This makes it impossible for the typical new investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade offers registered and non-registered account types. One are free to select between both RRSP and TFSA account types during the setup phase. 

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app offered to download on both Apple and also Android. The smartphone app makes the registration phase and also trading of stocks and ETFs painless.

So Is Wealthsimple Trade Safe?

Yes. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion CAD of Assets Under Management . They have been expanding for more than 7 years and also now employs more than 600 folks. The majority shareholder is the public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.

How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so simple to add funds to your new account. Simply connect the app to a chequing or savings account to your Trade account, and add funds to your account in just a few steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can also be withdrawn a chequing or savings accounts by the exact same steps.

What Other Features and Products Are Available?

Wealthsimple Cash – An alternative to e-transfers that allows anyone to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online for free. It’s advertised as easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings product which allows one to recieve 1% cashback on all your everyday purchases, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that includes a ton of different courses on topics like saving, investing, crypto, real estate and much more. 

All of the mentioned products, including Wealthsimple Trade may be accessed inside the app or on their site with one login.

But How Should I Begin With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For a special registration bonus offer for our audience you will receive the cash value of a Canadian stock worth $25 up to $4,500 CAD once you deposit to your account.

So What if I Still Have Questions Related to 100 Dogecoin Wealthsimple?

If this blog post still hasn’t given you the answers to each of your questions, and you’re looking for additional answers about 100 Dogecoin Wealthsimple, check out the Wealthsimple site for answers to every one of your questions.