Wealthsimple Review 2022: Etf Wealthsimple Reddit

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stock and crypto trading app that differentiates itself from similar apps by charging absolutely no fees. 

A online financial services business founded in the Fall 2014 originally as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has improved significantly over the past eight years to also include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows investors trade both stand alone stocks and ETFs without needing to pay commissions. The exception to this is when you’re trading stocks which are denominated in US Dollars. In this case, they do charge a small currency conversion fee both when buying and selling. However, past us are the times of paying $7-12 per trade with discount brokerages as was the case only a few years past.

Exactly How Much Money Will I Need to Have to Begin Investing With Wealthsimple Trade?

Wealthsimple is cool such that they will allow investors to make a minimum deposit of just $1. The majority of traditional banks and brokerages have sizeable min deposit amounts of $1000-$5000. This makes it impossible for the every day investor to start. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade offers both registered and non-CRA-registered account types. You are able to select between both RRSP and TFSA account types in the setup wizard. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app available on iOS and Google Play. The app makes the signup phase and also the trading of stocks and ETFs incredibly simple.

So Is Wealthsimple Trade Safe?

. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also now employs about 600 folks. The controlling shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite simple to deposit to an account. Just connect the app to a chequing or savings account with your Trade account, and add money to your account in simply a couple of clicks. Deposits from your bank to Wealthsimple normally take a few days. Funds can the same way can be withdrawn your chequing or savings account through the exact same process.

What Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to Interac E-Transfers which allows anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax year and file your tax return online for free. It’s advertised to be simple, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to recieve 1% cashback on all your spending, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which includes a variety of courses on different topics such as saving, investments, crypto, mortgages and more. 

Every one of the above features, including Wealthsimple Trade may be found within the app or from the site with your Wealthsimple login.

So How Should I Begin Using Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. As a special signup bonus to our readers you’ll receive the cash value of a random share worth $25 up to $4,500 CAD once you add funds to your account.

What if I Still Have Questions Related to Etf Wealthsimple Reddit?

If this article didn’t given you the answers to each of your questions, and you’re still looking for more info relating to Etf Wealthsimple Reddit, visit the Wealthsimple website to get answers to every one of your questions.