Wealthsimple Review 2022: List Of Crypto On Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading web app that sets itself apart from its competitors by charging absolutely no fees. 

A Toronto, Ontario based online financial services company founded in the Autumn 2014 originally as a robo advisor trading app named Wealthsimple Invest, it has improved substantially over the previous 8 years to include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows consumers to trade both individual stocks and ETFs without having to pay any fees. The exception is when you’re trading securities which are listed in US Dollars. In that case, they do charge a small currency conversion fee both when buying and selling. But, gone are the days of paying $7-12 per trade with online discount brokerages as was common a few years past.

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

Wealthsimple is cool such that they allow investors to make a minimum deposit of only $1. Most alternative banks and discount brokerages have sizeable minimum deposit amounts of $1000-5K. This makes it hard for the typical new investor to start investing. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade has both CRA registered and non-CRA-registered accounts. One can select between both RRSP and TFSA account types during the setup wizard. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app offered on both Apple and Google Play. The app makes the signup process and the trading of stocks and ETFs painless.

So Is Wealthsimple Trade Secure?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management (AUM). These folks have been in business for more than 7 years and now employs about 600 people. The primary owner is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage operating in Canada.

How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so easy to add funds to your new account. Simply connect to a chequing or savings account to your Trade account, and then add money to your account in only a couple of steps. Deposits from your bank to Wealthsimple usually take only a few days. Funds can the same way can be moved to your chequing or savings accounts by using the exact same steps.

What Additional Features and Products Are Available?

Wealthsimple Cash – This is alternative to E-Transfers which allows one to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax year and file your tax return online for free. It’s described as easy, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account that lets you to recieve 1% cashback on your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a ton of online courses on topics like saving, investing, crypto, real estate and much more. 

All of the listed features, along with Wealthsimple Trade can be found inside the mobile app or from the site with one login.

How do I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll get the equivalent cash value of a Canadian stock valued at $25 up to $4,500 Canadian as soon as you deposit to your account.

What if I Still Have Additional Questions Related to List Of Crypto On Wealthsimple?

If this review didn’t given you the answers to each of your questions, and you’re searching for more specific information about List Of Crypto On Wealthsimple, visit the Wealthsimple site to find answers to all your questions.