Wealthsimple Review 2022: Glassdoor Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock and crypto trading platform that sets itself apart from its competitors by charging absolutely no fees. 

A online financial services business launched in the Autumn twenty fourteen originally as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved considerably over the past eight years to include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets consumers to trade individual stocks and ETFs without paying commissions. The exception is when you’re trading stocks and ETFs which are denominated in USD. In which case, they charge a nominal currency conversion fee both when buying and selling. However, past us are the days of paying more than $7 for each trade with online discount brokerages as was normal a couple years past.

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

Wealthsimple is unique such that they allow new customers to make a minimum deposit of just $1. Many traditional banks and discount brokerages have sizeable minimum deposit amounts of 1k-5K. This makes it impossible for the every day new investor to get started. With Wealthsimple Trade, one doesn’t need to already be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

It does. Wealthsimple Trade has both registered and non-CRA-registered accounts. One can choose between both RRSP and TFSA accounts in the setup process. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app offered on Apple and Android. The smartphone app makes the enrollment phase and also the trading of stocks and ETFs super a breeze.

Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is safe. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management (AUM). they’ve been doing business for more than 7 years and also now employs roughly 600 people. The majority owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage operating in Canada.

How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to add funds to a new account. Just connect a chequing or savings account to your Trade account, and add funds to your account in just a couple of clicks. Deposits from banks to Wealthsimple normally take only a few days. Funds can just as easily be moved back to your chequing or savings accounts by the same steps.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to E-transfers which allow you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax year and submit your tax return online for free. It’s advertised to be easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings account that allows one to get 1% cashback on your everyday purchases, and also get a very competitive 1.5% interest rate on savings.

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

Every one of the above products, along with Wealthsimple Trade may be found on the app or at the site with your Wealthsimple login.

So How Should I Start Using Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As an exclusive registration bonus offer to our readers you’ll get the cash value of a share valued at $25 up to $4,500 CAD as soon as you add funds to your account.

But What if I Still Have Additional Questions About Glassdoor Wealthsimple?

If this blog post didn’t given you the answers to each of your questions, and you’re looking for additional information relating to Glassdoor Wealthsimple, check out the Wealthsimple site to get answers to every one of your questions.