Wealthsimple Review 2022: Tfsa Wealthsimple Reddit

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, securities plus crypto trading platform that sets itself apart from the competition by charging absolutely no fees. 

A leading Canadian online financial services company founded in the Fall of twenty fourteen originally as a robo advisor automated trading platform called Wealthsimple Invest, it has grown significantly over the past 8 years to also include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers trade both single stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading securities which are displayed in USD currency. In which case, they do charge a currency conversion fee when buying and selling. But, behind us are the days of having to pay $7-12 per each trade with digital discount brokerages as was expected only a couple years ago.

Exactly How Much in Funds do I Need to Have to Get Started With Wealthsimple Trade?

Wealthsimple is awesome such that they will allow investors to make a minimum deposit of just $1. Many alternative banks and discount brokerages have large initial deposit amounts of 1k-5k. This makes it tough for the every day new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade has available CRA registered and non-registered account types. One are free to choose between both RRSP and TFSA account types in the setup phase. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a convenient mobile app that is available to download on Apple and Google Play. The app makes the registration process and also trading of stocks and ETFs very easy.

But Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and also now employs over 600 Canadians. The primary owner is the large public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage operating in Canada.

How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it simple to deposit to an account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in only a few steps. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts by using the same method.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to e-transfers which allow one to quickly and efficiently send cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings account which allows one to get 1% cashback on your spending, and also get a very competitive 1.5% interest on savings.

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

All of the above products, including Wealthsimple Trade can be accessed within the app and on their website with your Wealthsimple login.

But How Can I Start Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. As a special signup bonus for our readers you will receive the cash value of a share valued at $25 up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Additional Questions Concerning Tfsa Wealthsimple Reddit?

If this review hasn’t given you the answers to all of your questions, and you’re still looking for more specific information about Tfsa Wealthsimple Reddit, visit the Wealthsimple website for answers to all your questions.