Wealthsimple Review 2022: Does Wealthsimple Pay Dividends

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, stocks plus crypto trading platform that differentiates itself from its competitors by charging no fees. 

A Toronto, Ontario based online financial services company launched in Fall of twenty fourteen originally as a robo advisor trading platform named Wealthsimple Invest, it has improved considerably over the past eight years to also include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers to trade both stand alone stocks and ETFs without paying fees. The exception is when trading securities which are listed in USD. In that case, they do charge a small currency conversion fee both when buying and selling. However, past us are the days of having to pay $7-12 per each trade with digital discount brokerages as was common a couple years past.

Exactly How Much Money 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. The majority of alternative banks and discount brokerages have sizeable minimum deposit amounts of $1,000-$5,000. This makes it impossible for the normal new investor to start. With Wealthsimple Trade, you don’t need to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One are able to choose between both RRSP and TFSA account types in the setup process. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is available on IOS and Android. The app makes the enrollment steps and trading of stocks and ETFs super a breeze.

So Is Wealthsimple Trade Legit?

Yes. Wealthsimple Trade is secure. Wealthsimple reports in excess of 15 billion CAD in Assets Under Management . This company has been doing business for more than 7 years and also right now employs more than 600 people. The main shareholder is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it straight forward to add funds to your new account. Just connect a chequing or savings account to your Trade account, and fund 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 moved to your chequing or savings accounts using the exact same method.

Which Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to E-Transfers which allow you to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax year and file your tax return online free. It’s pitched to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings account which allows you to recieve 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a bunch of different online courses on different topics such as saving, investments, crypto, home buying and more. 

Each of the listed features, along with Wealthsimple Trade can be found within the app or from the site with your Wealthsimple login.

But How Should I Begin With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As an exclusive signup bonus for our audience you’ll get the equivalent cash value of a random Canadian stock valued at up to $4,500 Canadian when you add funds to your account.

So What if I Still Have Additional Questions Concerning Does Wealthsimple Pay Dividends?

If this review still hasn’t given you the answers to all of your questions, and you’re still browsing for further info relating to Does Wealthsimple Pay Dividends, check out the Wealthsimple website to get answers to each your questions.