Wealthsimple Review 2022: Wealthsimple 941

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, stocks and crypto trading platform that distinguishes itself from its competitors by charging no fees. 

A online financial services business founded in the Fall twenty fourteen exclusively as a robo-advisor automated trading platform called Wealthsimple Invest, it has improved substantially over the last eight years to also feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets investors to trade both individual stocks and ETFs without having to pay commissions. The exception to this is when trading securities that are displayed in USD currency. In that case, they charge a nominal currency conversion fee when buying and selling. But, past us are the times of having to pay Upwards of $7 for each trade with online discount brokerages as was the case just a few years past.

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

Wealthsimple is cool such that they allow new customers to make a minimum deposit of just $1. Many traditional banks and discount brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it hard for the everyday new investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-registered accounts. You can select between both RRSP and TFSA accounts during the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app that is available on Apple and Android. The app makes the enrollment process and also trading of stocks and ETFs simple.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management (AUM). They have been operating for more than 7 years and also employs over 600 Canadians. The controlling shareholder is the admired publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage to operate in Canada.

How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very easy to fund your new account. Just connect the app to a chequing or savings account with your Trade account, and add money to your account in simply a few clicks. Deposits from your bank to Wealthsimple usually take a couple of days. Funds can the same way can be moved back to your chequing or savings accounts with the exact same steps.

Which Additional Features and Products Are Available?

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’ll require to get ready for tax year and file your taxes online for free. It’s pitched to be easy, accurate and always totally free tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of online courses on topics like saving, investments, crypto, mortgages and more. 

All of the above features, including Wealthsimple Trade can be found in the mobile app or at their site with a single login.

So How Can I Start With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For an exclusive signup bonus offer to our readers you’ll get the equivalent cash value of a random stock valued at $25 up to $4,500 Canadian once you deposit to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple 941?

If this blog post hasn’t given you the answers to all of your questions, and you’re browsing for further info about Wealthsimple 941, visit the Wealthsimple website to find answers to each your questions.