Wealthsimple Review 2022: Wealthsimple 100 000

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stocks and crypto trading platform that sets itself apart from its competitors by charging no fees. 

A Toronto, Ontario based fintech company founded in the Autumn twenty fourteen originally as a robo advisor algorithmic trading app named Wealthsimple Invest, it has grown considerably over the previous 8 years to also include Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian consumers to trade both individual stocks and ETFs without having to pay commissions. The exception is when trading stocks that are denominated in US Dollars. In that case, they will charge a nominal currency conversion fee when buying and selling. But, gone are the times of paying $7-12 per trade with online discount brokerages as was normal just a couple years ago.

Exactly How Much Money do I Need to Have in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is unique in that they will allow new customers to make a minimum deposit of only $1. Most traditional banks and brokerages have quite large initial deposit amounts of 1K-5k. This makes it hard for the common new investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade offers registered and non-registered account types. You can choose both RRSP and TFSA account types during the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app that is available to download on both Apple and Google Play. The mobile app makes the registration phase and trading of stocks and ETFs very a breeze.

So Is Wealthsimple Trade Legit?

Most definitely. Wealthsimple Trade is legit. Wealthsimple has over 15 billion Canadian of Assets Under Management . These folks have been expanding for more than 7 years and also right now employs over 600 people. The majority owner is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.

So How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it simple to fund a new account. Simply connect the app to a chequing or savings account with your Trade account, then add funds to your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take a few days. Funds can just as easily be withdrawn your chequing or savings accounts by the exact same steps.

Which Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to e-Transfers that allow one to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax season and submit your tax return online for free. It’s pitched as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that allows you to recieve 1% cashback on your everyday spending, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a variety of courses on different topics such as saving, investments, crypto, home buying and more. 

Every one of the mentioned features, along with Wealthsimple Trade can be found within the app or on their website with one login.

So How Should I Begin With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For a special registration bonus to our readers you’ll get the equivalent cash value of a Canadian stock worth $25 up to $4,500 CAD once you fund your account.

But What if I Still Have Additional Questions Related to Wealthsimple 100 000?

If this article hasn’t given you the answers to each of your questions, and you’re browsing for further specific answers about Wealthsimple 100 000, visit the Wealthsimple website to find answers to each your questions.