Wealthsimple Review 2022: Good Wealthsimple Stocks

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, stocks and crypto trading web app that differentiates itself from other apps by charging absolutely no fees. 

A Toronto, Ontario based fintech business launched in Fall of twenty fourteen exclusively as a robo-advisor trading platform called Wealthsimple Invest, it has evolved considerably over the past eight years to feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian consumers trade both individual stocks and ETFs without having to pay any fees. The exception is when you’re trading ETFs and stocks that are denominated in USD. In that case, they will charge a small currency conversion fee when buying and selling. But, past us are the days of having to pay more than $7 for each trade with online discount brokerages as was normal only a couple years ago.

How Much Money Will I Need to Have in Order to Get Started With Wealthsimple Trade?

Wealthsimple is special such that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and brokerages have sizeable initial deposit amounts of 1k-$5000. This makes it hard for the everyday new investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade has available registered and non-registered accounts. You are free to select between both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered on Apple and also Android. The mobile app makes the registration process and trading of stocks and ETFs incredibly painless.

Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). This company has been in business for more than 7 years and also right now employs over 600 Canadians. The majority owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it quite simple to fund your new account. Just connect the app to a chequing or savings account to your Trade account, and fund your account in simply a few steps. Deposits from banks 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.

What Other Features and Products Are Available?

Wealthsimple Cash – An alternative to e-transfers that allows you to quickly and efficiently transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid visa and savings account that lets one to earn 1% cashback on all your everyday purchases, as well as get a very competitive 1.5% interest on savings.

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

All of the above products, along with Wealthsimple Trade can be found in the mobile app and at the website with a single login.

But How Should I Begin With Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. As an exclusive registration bonus for our readers you will get the equivalent cash value of a stock valued at $25 up to $4,500 CAD as soon as you fund your account.

So What if I Still Have Questions Related to Good Wealthsimple Stocks?

If this blog post hasn’t given you the answers to all of your questions, and you’re still browsing for additional specific information relating to Good Wealthsimple Stocks, go to the Wealthsimple website to get answers to all your questions.