Wealthsimple Review 2022: Limit Sell Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital Financial, securities plus crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees. 

A Toronto, Ontario based fintech business launched in the Autumn of 2014 originally as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has improved considerably over the previous eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade both stand alone stocks and ETFs without needing to pay any commissions. The exception is when you’re trading stocks and ETFs that are displayed in USD currency. In that case, they charge a currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 for each trade with discount brokerages as was common only a few years past.

How Much Money do I Need to Get Started on Wealthsimple Trade?

Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and discount brokerages have large initial deposit amounts of 1k-$5000. This makes it difficult for the normal new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has CRA registered and non-CRA-registered accounts. One may select both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on IOS and also Android. The mobile app makes the enrollment phase and the trading of stocks and ETFs simple.

Is Wealthsimple Trade Safe?

. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian of Assets Under Management (AUM). This company has been operating for more than 7 years and also at this time employs more than 600 folks. The primary shareholder is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

But How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very easy to add funds to your new account. Simply connect the app to a chequing or savings account with your Trade account, then add funds to your account in only a few clicks. Deposits from financial institutions to Wealthsimple usually take a couple of days. Funds can also be withdrawn your chequing or savings account by the same method.

Which Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to Interac E-Transfers that allows anyone to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for this tax year and file your tax return online for free. It’s pitched to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account which lets one to earn 1% cashback on all your everyday spending, as well as earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which includes a variety of online courses on topics like saving, investments, crypto, home buying and much more. 

Every one of the mentioned features, along with Wealthsimple Trade can be accessed within the mobile app or from the site with one login.

How Should I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. For a special registration bonus offer for our readers you will receive the equivalent cash value of a share worth up to $4,500 CAD once you make an initial deposit to your account.

What if I Still Have Additional Questions Concerning Limit Sell Wealthsimple?

If this blog post didn’t given you the answers to all of your questions, and you’re still looking for more answers relating to Limit Sell Wealthsimple, visit the Wealthsimple site for answers to all your questions.