Wealthsimple Review 2022: Wealthsimple 90 Day

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock plus crypto trading web app that differentiates itself from its competitors by charging absolutely no fees. 

A leading Canadian online financial services company launched in the Fall 2014 exclusively as a robo-advisor automated trading platform called Wealthsimple Invest, it has changed substantially over the last 8 years to feature Wealthsimple Trade, a zero fee discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows consumers to trade single stocks and also ETFs without paying any commissions. The exception to this is when trading ETFs and stocks which are listed in US Dollars. In which case, they charge a currency conversion fee both when buying and selling. However, past us are the days of having to pay more than $7 per trade with online discount brokerages as was the norm only a couple years ago.

How Much Cash Will I Need in Order to Start Investing on Wealthsimple Trade?

Wealthsimple is cool such that they will allow new customers to make a minimum deposit of just $1. Most traditional banks and brokerages have large minimum deposit amounts of $1,000-$5000. This makes it impossible for the normal investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Have Registered Accounts?

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

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app offered on both iOS and also Google Play. The mobile app makes the registration process and also trading of stocks and ETFs very a breeze.

So Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian in Assets Under Management . they’ve been in business for more than 7 years and also now employs over 600 Canadians. The controlling shareholder is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it simple to add money to your new account. Simply connect a chequing or savings account with your Trade account, and then add money to your account in just a few clicks. Deposits from banks to Wealthsimple normally take only a few days. Funds can the same way can be moved back to 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 allows you to quickly and efficiently transfer money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid pre paid visa and savings account that allows one to earn 1% cashback on all your everyday spending, as well as earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that offers a variety of different online courses on different topics such as saving, investing, crypto, home buying and much more. 

Every one of the listed products, including Wealthsimple Trade may be accessed on the mobile app or from the website with your Wealthsimple login.

How do I Get Started Using Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. As an exclusive signup bonus offer for our readers you will receive the cash value of a share worth $25 up to $4,500 CAD as soon as you deposit to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple 90 Day?

If this blog post still hasn’t given you the answers to all of your questions, and you’re still browsing for additional specific info relating to Wealthsimple 90 Day, check out the Wealthsimple site to get answers to each your questions.