Wealthsimple Review 2022: Free Stock Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, securities and crypto trading platform that sets itself apart from the competition by charging absolutely no fees. 

A Toronto, Ontario based fintech company founded in the Autumn of twenty fourteen originally as a robo-advisor trading platform called Wealthsimple Invest, it has changed considerably over the past 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets consumers to trade both individual stocks and also ETFs without paying any commissions. The exception is when trading stocks and ETFs which are listed in USD currency. In this case, they charge a small 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 common only a couple years past.

How Much in Funds do I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of only $1. Most alternative banks and brokerages have quite large min deposit amounts of $1000-$5,000. This makes it difficult for the typical new investor to start. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has available registered and non-registered accounts. One are free to select between both RRSP and TFSA accounts during the setup process. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app that is offered on iOS and Google Play. The smartphone app makes the signup process and the trading of stocks and ETFs a breeze.

Is Wealthsimple Trade Secure?

. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian in Assets Under Management . This company has been expanding for more than 7 years and now employs more than 600 people. The primary shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.

How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to fund a new account. Just connect to a chequing or savings account with your Trade account, and then add money to your account in simply a couple of steps. Deposits from your bank to Wealthsimple normally take just a few days. Funds can the same way can be withdrawn your chequing or savings accounts with the exact same process.

Which Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac e-Transfers that allows one to quickly and efficiently send cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings product which allows one to get 1% cashback on your purchases, and also earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a bunch of courses on saving, investing, crypto, mortgages and more. 

Every one of the above features, along with Wealthsimple Trade can be found in the mobile app and at their website with one login.

But How Can I Start With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. For a special registration bonus offer for our readers you’ll receive the cash value of a random Canadian stock valued at up to $4,500 CAD when you add funds to your account.

So What if I Still Have Additional Questions Concerning Free Stock Wealthsimple?

If this blog post still hasn’t answered each of your questions, and you’re searching for further information about Free Stock Wealthsimple, visit the Wealthsimple website to find answers to all your questions.