Wealthsimple Review 2022: Veqt Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, stocks and crypto trading web app that distinguishes itself from the competition by charging absolutely no fees. 

A online financial services company launched in the Autumn twenty fourteen exclusively as a robo advisor trading platform named Wealthsimple Invest, it has improved significantly over the last eight years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows Canadian investors trade stand alone stocks and ETFs without needing to pay any fees. The exception is when you’re trading stocks and ETFs that are displayed in USD currency. In that case, they do charge a nominal currency conversion fee when buying and selling. But, gone are the times of paying more than $7 per trade with discount brokerages as was the norm just a couple years ago.

Exactly How Much Money do I Need to Have to Begin Investing on Wealthsimple Trade?

Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have large minimum deposit amounts of 1K-$5000. This makes it tough for the typical investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have RRSP Accounts?

It does. Wealthsimple Trade has registered and non-registered account types. One are able to choose both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app that is available to download on both iOS and Google Play. The mobile app makes the registration phase and the trading of stocks and ETFs very easy.

But Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . They have been operating for more than 7 years and also now employs about 600 Canadians. The majority owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.

How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly straight forward to deposit to a new account. Simply connect the app to a chequing or savings account with your Trade account, then fund your account in only a few steps. Deposits from banks to Wealthsimple typically take just a few days. Funds can also be moved back to your chequing or savings accounts by using the same steps.

What Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to E-transfers which allow one to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax season and submit your taxes online free. It’s described as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings account which lets you to recieve 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest rate on savings.

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

All of the listed features, including Wealthsimple Trade can be found inside the mobile app and from their site with a single login.

But How do I Begin Using Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For a special registration bonus offer to our readers you’ll get the cash value of a share worth up to $4,500 Canadian once you deposit to your account.

But What if I Still Have Additional Questions Concerning Veqt Wealthsimple?

If this blog post didn’t given you the answers to all of your questions, and you’re searching for further specific info relating to Veqt Wealthsimple, check out the Wealthsimple site for answers to each your questions.