Wealthsimple Review 2022: Founder Of Wealthsimple

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock plus crypto trading platform that sets itself apart from similar apps by charging no fees. 

A leading Canadian fintech business founded in the Fall of 2014 exclusively as a robo advisor automated trading app called Wealthsimple Invest, it has changed significantly over the previous 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian investors to trade both individual stocks and also ETFs without paying fees. The exception is when trading stocks and ETFs which are listed in USD currency. In which case, they will charge a currency conversion fee both when buying and selling. But, behind us are the times of having to pay $7-12 for each trade with discount brokerages as was expected just a couple years past.

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

Wealthsimple is cool such that they allow Canadians to make a minimum deposit of just $1. Many alternative banks and brokerages have large minimum deposit amounts of $1,000-5k. 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.

Does Wealthsimple Trade Offer TFSA Accounts?

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

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a convenient mobile app offered to download on iOS and Google Play. The smartphone app makes the enrollment process and also the trading of stocks and ETFs truly a breeze.

Is Wealthsimple Trade Legit?

. Wealthsimple Trade is safe. Wealthsimple reports over 15 billion Canadian of Assets Under Management . These folks have been expanding for more than 7 years and also employs more than 600 Canadians. The main shareholder is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very simple to add money to an account. Simply connect a chequing or savings account to your Trade account, and then fund your account in only a couple of steps. Deposits from financial institutions to Wealthsimple normally take a few days. Funds can just as easily be moved back to a chequing or savings accounts by the exact same process.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to Interac E-transfers which allow one to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for this tax season and submit your taxes online free. It’s pitched as simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account that allows one to earn 1% cashback on your everyday spending, as well as earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a bunch of courses on topics like saving, investments, crypto, mortgages and more. 

Each of the above products, along with Wealthsimple Trade can be accessed within the mobile app or from the site with your Wealthsimple login.

But How do I Begin With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you’ll receive the equivalent cash value of a share valued at up to $4,500 Canadian as soon as you add funds to your account.

So What if I Still Have Additional Questions Related to Founder Of Wealthsimple?

If this blog post still hasn’t answered each of your questions, and you’re searching for additional specific info about Founder Of Wealthsimple, check out the Wealthsimple site to find answers to every one of your questions.