Wealthsimple Review 2022: After Hours Trading Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online investing, stocks plus crypto trading platform that sets itself apart from the competition by charging no fees. 

A online financial services company launched in the Fall 2014 exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown significantly over the previous 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian investors trade stand alone stocks and also ETFs without needing to pay any fees. The exception to this is when trading stocks which are listed in USD currency. In this case, they charge a nominal currency conversion fee both when buying and selling. However, behind us are the days of paying Upwards of $7 for each trade with discount brokerages as was the norm only a few years ago.

Exactly How Much in Funds do I Need to Have in Order to Get Started With Wealthsimple Trade?

Wealthsimple is cool such that they will allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have quite large min deposit amounts of 1K-$5000. This makes it impossible for the normal investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade has both registered and non-registered accounts. One are free to select both RRSP and TFSA account types in the setup wizard. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app that is available to download on both IOS and also Android. The app makes the signup phase and the trading of stocks and ETFs easy.

Is Wealthsimple Trade Safe?

. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion Canadian of Assets Under Management (AUM). This company has been expanding for more than 7 years and also now employs roughly 600 folks. The majority owner is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage to operate in Canada.

So How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to add money to your account. Simply connect the app to a chequing or savings account with your Trade account, and then fund your account in simply a few steps. Deposits from banks to Wealthsimple normally take only a couple of days. Funds can also be moved back to a chequing or savings account using the exact same steps.

What Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to Interac E-Transfers that allows one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax season and file your tax return online free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A combination prepaid debit card and savings account that lets you to get 1% cashback on your everyday purchases, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a bunch of different online courses on saving, investments, crypto, real estate and much more. 

Every one of the mentioned products, including Wealthsimple Trade can be accessed on the mobile app and at their website with your Wealthsimple login.

So How Can I Begin Using Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For an exclusive registration bonus for our audience you will get the cash value of a random Canadian stock worth $25 up to $4,500 CAD when you make an initial deposit to your account.

But What if I Still Have Additional Questions Related to After Hours Trading Wealthsimple?

If this review didn’t answered each of your questions, and you’re searching for more info relating to After Hours Trading Wealthsimple, go to the Wealthsimple website to get answers to all your questions.