Wealthsimple Review 2022: Karen Dixon Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, securities plus crypto trading web app that differentiates itself from its competitors by charging absolutely no fees. 

A Toronto, Ontario based online financial services company founded in Autumn of twenty fourteen originally as a robo advisor algorithmic trading platform called Wealthsimple Invest, it has changed significantly over the previous 8 years to also feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian investors trade stand alone stocks and also ETFs without needing to pay any fees. The exception is when you’re trading securities which are displayed in US Dollars. In which case, they charge a small currency conversion fee when buying and selling. But, gone are the times of having to pay $7-12 for each trade with digital discount brokerages as was the case a couple years ago.

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

Wealthsimple is unique such that they will allow investors to make a minimum deposit of only $1. Most traditional banks and brokerages have quite large minimum deposit amounts of $1,000-5k. This makes it hard for the normal investor to start. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

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

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app offered to download on iOS and Google Play. The app makes the signup steps and also trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion Canadian of Assets Under Management (AUM). They have been doing business for more than 7 years and also employs about 600 people. The controlling owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage operating in Canada.

But How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly straight forward to add money to a new account. Simply connect a chequing or savings account to your Trade account, and fund your account in just a few steps. Deposits from financial institutions to Wealthsimple usually take just a few days. Funds can also be moved to your chequing or savings accounts by the exact same steps.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to e-Transfers that allow anyone 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 for free. It’s advertised as easy, accurate and always totally free tax return filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of online courses on saving, investments, crypto, real estate and much more. 

Each of the mentioned features, including Wealthsimple Trade may be accessed in the mobile app or at the website with a single login.

So How Can I Start Using Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive registration bonus to our audience you’ll get the equivalent cash value of a random stock valued at $25 up to $4,500 CAD as soon as you add funds to your account.

What if I Still Have Additional Questions Related to Karen Dixon Wealthsimple?

If this article didn’t answered all of your questions, and you’re looking for further specific facts about Karen Dixon Wealthsimple, go to the Wealthsimple site to find answers to each your questions.