Wealthsimple Review 2022: Wealthsimple Error Something Went Wrong

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stocks plus crypto trading web app that differentiates itself from its competitors by charging no fees. 

A Toronto, Ontario based fintech business founded in the Autumn of 2014 originally as a robo advisor trading platform named Wealthsimple Invest, it has evolved substantially over the past eight years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian investors trade both single stocks and also ETFs without paying commissions. The exception is when trading ETFs and stocks which are listed in USD. In which case, they do charge a currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 per trade with online discount brokerages as was common just a couple years past.

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

Wealthsimple is special such that they will allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have sizeable minimum deposit amounts of $1,000-$5000. This makes it impossible for the every day investor to start. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

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

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app offered on IOS and Android. The smartphone app makes the signup steps and also trading of stocks and ETFs easy.

So Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is safe. Wealthsimple has over 15 billion Canadian in Assets Under Management . they’ve been expanding for more than 7 years and right now employs roughly 600 Canadians. The controlling shareholder is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it incredibly straight forward to add money to an account. Simply connect to a chequing or savings account with your Trade account, and add money to your account in just a couple of steps. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can the same way can be moved back to your chequing or savings accounts using the exact same method.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to e-Transfers that allow one to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax season and file your tax return online free. It’s advertised to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which allows you to get 1% cashback on all your spending, and also earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a variety of online courses on saving, investments, crypto, real estate and much more. 

Every one of the above products, along with Wealthsimple Trade may be found within the app or on the site with one login.

How Should I Get Started With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For an exclusive signup bonus to our audience you’ll get the cash value of a stock worth up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Error Something Went Wrong?

If this blog post still hasn’t answered each of your questions, and you’re looking for further specific answers relating to Wealthsimple Error Something Went Wrong, check out the Wealthsimple site to find answers to each your questions.