Wealthsimple Review 2022: Pending Order Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stocks plus crypto trading platform that differentiates itself from the competition by charging absolutely no fees. 

A fintech business launched in Autumn of twenty fourteen exclusively as a robo advisor algorithmic trading app called Wealthsimple Invest, it has changed considerably over the previous eight years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows investors trade individual stocks and ETFs without having to pay any fees. The exception to this is when you’re trading stocks and ETFs that are listed in USD currency. In that case, they do charge a small currency conversion fee when buying and selling. But, past us are the days of paying Upwards of $7 per trade with online discount brokerages as was expected a few years past.

How Much Money Will I Need to Start With Wealthsimple Trade?

Wealthsimple is special in that they will allow Canadian investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have sizeable minimum deposit amounts of $1000-5K. This makes it tough for the common new investor to start. With Wealthsimple Trade, you don’t need to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade has both registered and non-registered account types. You may choose both RRSP and TFSA accounts during the setup wizard. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a convenient mobile app available on iOS and Google Play. The mobile app makes the signup steps and the trading of stocks and ETFs incredibly painless.

But Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion CAD of Assets Under Management (AUM). This company has been expanding for more than 7 years and employs over 600 folks. The primary owner is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

So How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very simple to add funds to a new account. Simply connect to a chequing or savings account with your Trade account, and add funds to your account in simply a few clicks. Deposits from your bank to Wealthsimple normally take only a few days. Funds can just as easily be moved to your chequing or savings account with the same process.

What Other Benefits and Products Does Wealthsimple Offer?

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

Wealthsimple Tax – Everything you’ll require to get ready for tax year and file your taxes online free. It’s pitched as simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets you to get 1% cashback on your spending, and also earn a competitive 1.5% interest rate on savings.

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

All of the mentioned products, along with Wealthsimple Trade may be accessed on the app or on the website with your Wealthsimple login.

So How Can I Begin Using Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For an exclusive signup bonus offer for our audience you will get the equivalent cash value of a stock worth up to $4,500 Canadian when you make an initial deposit to your account.

But What if I Still Have Questions Related to Pending Order Wealthsimple?

If this review hasn’t answered all of your questions, and you’re still browsing for additional info about Pending Order Wealthsimple, check out the Wealthsimple website to get answers to all your questions.