Wealthsimple Review 2022: Wealthsimple 2fa

What Exactly is Wealthsimple?

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

A Toronto, Ontario based fintech company founded in the Autumn 2014 originally as a robo-advisor automated trading app named Wealthsimple Invest, it has improved significantly over the past eight years to also include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian investors trade stand alone stocks and also ETFs without paying any fees. The exception to this is when trading ETFs and stocks that are listed in US Dollars. In that case, they will charge a small currency conversion fee when buying and selling. However, gone are the days of paying Upwards of $7 for each trade with discount brokerages as was the norm only a few years past.

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

Wealthsimple is special such that they allow Canadian investors to make a minimum deposit of only $1. Most traditional banks and brokerages have quite large minimum deposit amounts of 1k-$5,000. This makes it impossible for the every day new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered 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 during the setup phase. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app offered on Apple and Android. The app makes the registration phase and the trading of stocks and ETFs very easy.

Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . These folks have been expanding for more than 7 years and right now employs more than 600 folks. The majority shareholder is the admired publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage to operate in Canada.

How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it quite easy to add funds to a new account. Just connect a chequing or savings account to your Trade account, and add money to your account in simply a few steps. Deposits from financial institutions to Wealthsimple typically take just a couple of days. Funds can also be moved to your chequing or savings account with the exact same process.

What Additional Features and Products Are Available?

Wealthsimple Cash – An equivalent to Interac E-Transfers which allows you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax season and file your taxes online for free. It’s described to be simple, accurate and always free income tax filing.

Wealthsimple Spend – A combination prepaid visa and savings account that lets one to earn 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a bunch of different courses on different topics such as saving, investing, crypto, real estate and more. 

Each of the listed products, along with Wealthsimple Trade may be accessed within the mobile app or at their site with a single login.

But How do I Start With Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For an exclusive signup bonus offer to our audience you will get the equivalent cash value of a stock valued at $25 up to $4,500 CAD when you add funds to your account.

What if I Still Have Additional Questions About Wealthsimple 2fa?

If this article still hasn’t answered all of your questions, and you’re searching for more info about Wealthsimple 2fa, go to the Wealthsimple website to get answers to every one of your questions.