Wealthsimple Review 2022: Wealthsimple Executive Team

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, stocks plus crypto trading platform that differentiates itself from other apps by charging no fees. 

A Toronto, Ontario based online financial services business launched in the Autumn 2014 originally as a robo-advisor trading platform called Wealthsimple Invest, it has grown considerably over the previous eight years to feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows investors to trade both stand alone stocks and ETFs without paying any fees. The exception is when trading securities which are displayed in USD currency. In which case, they charge a currency conversion fee when buying and selling. However, past us are the times of paying more than $7 per each trade with online discount brokerages as was normal just a couple years ago.

How Much Cash Will I Need to Have in Order to Start With Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadians to make a minimum deposit of only $1. Most traditional banks and brokerages have sizeable minimum deposit amounts of 1K-$5000. This makes it impossible for the normal new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

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

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app that is offered on IOS and also Android. The app makes the registration steps and the trading of stocks and ETFs very a breeze.

Is Wealthsimple Trade Trustworthy?

Definitely. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management (AUM). These folks have been expanding for more than 7 years and at this time employs over 600 Canadians. The main shareholder is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage operating in Canada.

How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to fund an account. Just connect the app to a chequing or savings account with your Trade account, and then fund your account in simply a couple of clicks. Deposits from your bank to Wealthsimple typically take a few days. Funds can also be moved to a chequing or savings accounts by the same steps.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to Interac E-transfers that allow anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for tax season and submit your taxes online free. It’s advertised as easy, accurate and always totally free tax return filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of different courses on different topics such as saving, investments, crypto, home buying and much more. 

All of the listed features, including Wealthsimple Trade can be accessed inside the mobile app and on the website with one login.

But How Should I Start With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. As an exclusive signup bonus offer to our audience you’ll get the equivalent cash value of a random stock worth up to $4,500 CAD when you deposit to your account.

What if I Still Have Questions About Wealthsimple Executive Team?

If this article hasn’t given you the answers to all of your questions, and you’re still searching for additional information about Wealthsimple Executive Team, check out the Wealthsimple website for answers to each your questions.