Wealthsimple Review 2022: Wealthsimple $50 Bonus

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, stocks and crypto trading platform that differentiates itself from the competition by charging no fees.

A Toronto, Ontario based online financial services company launched in Autumn twenty fourteen originally as a robo-advisor automated trading app named Wealthsimple Invest, it has changed considerably over the past eight years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows Canadian investors to trade individual stocks and also ETFs without paying fees. The exception is when you’re trading securities which are denominated in US Dollars. In which case, they do charge a currency conversion fee both when buying and selling. However, behind us are the times of paying $7-12 per trade with digital discount brokerages as was expected just a few years ago.

How Much Cash do I Need to Get Started With Wealthsimple Trade?

Wealthsimple is unique such that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of $1000-$5000. This makes it difficult for the typical new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.

So Is Wealthsimple Trade Safe?

. Wealthsimple Trade is safe. Wealthsimple boasts over 15 billion CAD of Assets Under Management (AUM). They have been expanding for more than 7 years and currently employs about 600 Canadians. The controlling owner is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.

But How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to fund your account. Simply connect the app to a chequing or savings account to your Trade account, and add funds to your account in only a couple of clicks. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by using the exact same process.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac E-transfers that allow you to quickly and efficiently send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to earn 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest on savings.

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

All of the listed features, along with Wealthsimple Trade may be accessed within the mobile app or on their website with a single login.

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stock and crypto trading platform that differentiates itself from the competition by charging no fees.

A Toronto, Ontario based online financial services company launched in the Autumn of 2014 originally as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has grown considerably over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers to trade both individual stocks and also ETFs without having to pay commissions. The exception to this is when you’re trading ETFs and stocks which are displayed in USD currency. In this case, they will charge a small currency conversion fee both when buying and selling. But, past us are the days of paying Upwards of $7 per each trade with digital discount brokerages as was common only a couple years past.

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

Wealthsimple is cool in that they allow new customers to make a minimum deposit of only $1. The majority of alternative banks and discount brokerages have quite large minimum deposit amounts of 1k-5k. This makes it tough for the everyday new investor to start investing. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade offers registered and non-CRA-registered accounts. You are free to choose between both RRSP and TFSA account types during the setup process.

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app offered to download on both IOS and Google Play. The smartphone app makes the registration process and also the trading of stocks and ETFs easy.

So Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management (AUM). These folks have been in business for more than 7 years and also at this time employs roughly 600 people. The controlling shareholder is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage operating in Canada.

So How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to fund your account. Simply connect the app to a chequing or savings account with your Trade account, and add money to your account in just a few clicks. Deposits from your bank to Wealthsimple typically take only a couple of days. Funds can also be withdrawn your chequing or savings account with the exact same method.

What Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to Interac E-Transfers which allows you to quickly and easily transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings account which allows one to earn 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of courses on topics like saving, investing, crypto, mortgages and more.

Each of the listed products, including Wealthsimple Trade may be accessed in the app or on the site with a single login.

So How do I Begin With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As an exclusive signup bonus to our audience you’ll get the cash value of a stock valued at $25 up to $4,500 CAD when you fund your account.

So What if I Still Have Questions Related to Wealthsimple 50 Bonus?

If this review hasn’t given you the answers to each of your questions, and you’re searching for additional specific information relating to Wealthsimple 50 Bonus, visit the Wealthsimple site to find answers to every one of your questions.