Wealthsimple Review 2022: Wealthsimple Crunchbase

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, securities and crypto trading app that distinguishes itself from other apps by charging no fees. 

A leading Canadian online financial services business founded in the Autumn twenty fourteen originally as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has improved substantially over the previous 8 years to also include Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian consumers to trade single stocks and also ETFs without needing to pay any fees. The exception to this is when you’re trading securities which are denominated in USD. In that case, they will charge a currency conversion fee both when buying and selling. However, behind us are the times of paying Upwards of $7 per each trade with discount brokerages as was the norm only a few years ago.

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

Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of only $1. The majority of alternative banks and discount brokerages have 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 have to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade offers registered and non-registered account types. You may choose both RRSP and TFSA account types during the setup wizard. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app offered on Apple and Android. The mobile app makes the registration phase and also the trading of stocks and ETFs super painless.

So Is Wealthsimple Trade Safe?

Of course. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian in Assets Under Management . This company has been in business for more than 7 years and also right now employs over 600 folks. The majority shareholder is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it easy to deposit to your new account. Simply connect a chequing or savings account to your Trade account, then add money to your account in only a couple of steps. Deposits from your bank to Wealthsimple usually take only a few days. Funds can just as easily be moved to a chequing or savings accounts by the same process.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac E-transfers that allows you to quickly and easily transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A combination pre paid debit card and savings account that allows one to get 1% cashback on 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 online 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 in the mobile app and on the site with one login.

How Can I Begin Using Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. As a special signup bonus offer to our readers you will get the equivalent cash value of a stock valued at up to $4,500 CAD once you fund your account.

So What if I Still Have Questions About Wealthsimple Crunchbase?

If this review hasn’t answered each of your questions, and you’re looking for further specific info relating to Wealthsimple Crunchbase, visit the Wealthsimple website to find answers to every one of your questions.