Wealthsimple Review 2022: Wealthsimple Etf Fees

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, securities plus crypto trading platform that sets itself apart from the competition by charging no fees. 

A leading Canadian fintech company founded in Fall of 2014 exclusively as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has evolved considerably over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers trade individual stocks and also ETFs without needing to pay any fees. The exception to this is when trading stocks and ETFs which are denominated in USD currency. In that case, they charge a currency conversion fee when buying and selling. However, past us are the times of paying $7-12 per each trade with online discount brokerages as was the case a couple years past.

How Much Cash Will I Need to Begin Investing on Wealthsimple Trade?

Wealthsimple is unique such that they allow new customers to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large initial deposit amounts of $1000-5k. This makes it difficult for the common new investor to start investing. With Wealthsimple Trade, you won’t need to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade has available registered and non-registered account types. One are free to select between both RRSP and TFSA account types in the setup wizard. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app offered to download on Apple and also Android. The smartphone app makes the signup phase and trading of stocks and ETFs truly easy.

But Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is safe. Wealthsimple has over 15 billion CAD in Assets Under Management (AUM). These folks have been doing business for more than 7 years and also currently employs roughly 600 Canadians. The controlling shareholder is the public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage to operate in Canada.

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

The Wealthsimple Trade smartphone app makes it very simple to deposit to a new account. Simply connect a chequing or savings account with your Trade account, then fund your account in just a couple of clicks. Deposits from banks to Wealthsimple normally take a few days. Funds can the same way can be moved back to your chequing or savings accounts by the exact same steps.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to Interac e-transfers which allow you to quickly and easily transfer money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings product that lets you to earn 1% cashback on your everyday spending, and also get 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, home buying and more. 

Every one of the above features, including Wealthsimple Trade can be found inside the mobile app and at the website with your Wealthsimple login.

How Should I Start With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. For a special signup bonus offer to our audience you’ll receive the cash value of a Canadian stock valued at up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Etf Fees?

If this blog post didn’t answered each of your questions, and you’re still searching for further answers relating to Wealthsimple Etf Fees, check out the Wealthsimple website to find answers to each your questions.