Wealthsimple Review 2022: Wealthsimple 10 000 Free

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, stock plus crypto trading app that sets itself apart from its competitors by charging no fees. 

A Toronto, Ontario based fintech company founded in Autumn of twenty fourteen originally as a robo-advisor automated trading platform called Wealthsimple Invest, it has improved significantly over the last 8 years to also include Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers trade stand alone stocks and also ETFs without needing to pay any fees. The exception is when trading securities that are displayed in USD currency. In this case, they will charge a currency conversion fee when buying and selling. However, past us are the times of paying Upwards of $7 per each trade with digital discount brokerages as was the case just a couple years ago.

How Much Cash do I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is cool in that they will allow investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have sizeable initial deposit amounts of 1K-$5000. This makes it difficult for the every day investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

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

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app offered to download on both iOS and Google Play. The app makes the signup phase and also the trading of stocks and ETFs super a breeze.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian in Assets Under Management . These folks have been in business for more than 7 years and employs about 600 Canadians. The main shareholder is the large public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.

But How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it simple to fund your account. Simply connect a chequing or savings account to your Trade account, then fund your account in just a few clicks. Deposits from financial institutions to Wealthsimple typically take only a couple of days. Funds can also be withdrawn your chequing or savings accounts using the exact same process.

Which Other Features and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers which allows anyone to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for tax season and file your tax return online for free. It’s pitched to be simple, accurate and always totally free tax return filing.

Wealthsimple Spend – A combination pre paid debit card and savings account that allows you to recieve 1% cashback on all your everyday spending, and also earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a variety of courses on different topics such as saving, investing, crypto, mortgages and much more. 

Each of the mentioned products, along with Wealthsimple Trade may be found on the mobile app or at the site with one login.

So How do I Get Started With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For an exclusive registration bonus for our audience you’ll get the cash value of a stock valued at $25 up to $4,500 CAD when you deposit to your account.

But What if I Still Have Additional Questions About Wealthsimple 10 000 Free?

If this article hasn’t answered all of your questions, and you’re looking for more information about Wealthsimple 10 000 Free, go to the Wealthsimple site to find answers to each your questions.