Wealthsimple Review 2022: Jobs At Wealthsimple

What is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, securities plus crypto trading web app that distinguishes itself from similar apps by charging absolutely no fees. 

A leading Canadian fintech business launched in the Fall twenty fourteen originally as a robo advisor trading platform called Wealthsimple Invest, it has changed substantially over the past eight years to also include Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows investors to trade both stand alone stocks and ETFs without needing to pay any commissions. The exception is when you’re trading securities which are listed in US Dollars. In that case, they will charge a nominal currency conversion fee when buying and selling. But, gone are the times of paying $7-12 for each trade with online discount brokerages as was normal just a couple years ago.

Exactly How Much Money do I Need in Order to Start on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have quite large initial deposit amounts of 1k-5K. This makes it hard for the typical investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

They do. Wealthsimple Trade offers CRA registered and non-CRA-registered accounts. One are free to select both RRSP and TFSA accounts during the setup process. 

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is offered to download on Apple and Google Play. The smartphone app makes the registration steps and also trading of stocks and ETFs incredibly painless.

So Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion CAD of Assets Under Management . they’ve been operating for more than 7 years and currently employs about 600 Canadians. The main owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.

How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly simple to add money to a new account. Simply connect a chequing or savings account with your Trade account, and fund your account in simply a couple of clicks. Deposits from your bank to Wealthsimple normally take only a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by using the same process.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac E-Transfers that allow you to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax season and submit your taxes online free. It’s pitched to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which lets one to get 1% cashback on all your everyday spending, and also get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a ton of courses on topics like saving, investing, crypto, mortgages and much more. 

Each of the listed features, including Wealthsimple Trade can be found in the app or at their site with a single login.

But How do I Get Started Using Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. As an exclusive signup bonus offer for our readers you will receive the cash value of a random stock worth $25 up to $4,500 Canadian as soon as you add funds to your account.

But What if I Still Have Additional Questions Related to Jobs At Wealthsimple?

If this review didn’t given you the answers to all of your questions, and you’re searching for further answers relating to Jobs At Wealthsimple, go to the Wealthsimple website to get answers to every one of your questions.