Wealthsimple Review 2022: Wealthsimple Board Of Directors

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, securities and crypto trading web app that differentiates itself from the competition by charging absolutely no fees. 

A fintech company founded in Autumn 2014 exclusively as a robo advisor automated trading app called Wealthsimple Invest, it has improved substantially over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers to trade both stand alone stocks and ETFs without having to pay any commissions. The exception to this is when you’re trading securities which are listed in USD. In that case, they do charge a small currency conversion fee both when buying and selling. But, past us are the times of having to pay $7-12 per trade with digital discount brokerages as was common just a couple years past.

How Much in Funds Will I Need in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have quite large initial deposit amounts of $1000-5K. This makes it tough for the every day investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. One are free to choose between both RRSP and TFSA accounts during the setup phase. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app that is available on both Apple and also Android. The app makes the registration process and also trading of stocks and ETFs truly painless.

So Is Wealthsimple Trade Trustworthy?

For sure. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management . They have been expanding for more than 7 years and also at this time employs over 600 people. The primary owner is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.

But How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very simple to add money to an account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in simply a couple of steps. Deposits from your bank to Wealthsimple typically take only a couple of days. Funds can just as easily be moved to a chequing or savings account by using the same method.

Which Other Benefits and Products Are Available?

Wealthsimple Cash – An alternative to Interac e-transfers that allow anyone to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and file your tax return online free. It’s pitched as simple, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows you to earn 1% cashback on all your purchases, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which includes a bunch of different online courses on topics like saving, investments, crypto, home buying and more. 

Every one of the mentioned features, along with Wealthsimple Trade can be found on the mobile app or from the site with a single login.

But How do I Start With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive registration bonus for our readers you will get the cash value of a share valued at up to $4,500 Canadian as soon as you deposit to your account.

What if I Still Have Additional Questions Concerning Wealthsimple Board Of Directors?

If this blog post hasn’t given you the answers to each of your questions, and you’re still searching for additional answers relating to Wealthsimple Board Of Directors, visit the Wealthsimple website to find answers to all your questions.