Wealthsimple Review 2022: Wealthsimple Glassdoor

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, securities plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees. 

A leading Canadian fintech business founded in Autumn of twenty fourteen originally as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has evolved substantially over the past eight years to feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors trade single stocks and also ETFs without needing to pay fees. The exception to this is when trading ETFs and stocks that are denominated in US Dollars. In which case, they will charge a small currency conversion fee both when buying and selling. But, gone are the days of having to pay $7-12 for each trade with discount brokerages as was common only a few years past.

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

Wealthsimple is awesome in that they will allow investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large initial deposit amounts of 1K-5K. This makes it hard for the common investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

It does. Wealthsimple Trade has available CRA registered and non-registered account types. One may choose both RRSP and TFSA account types during the setup phase. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app that is offered to download on both IOS and Google Play. The mobile app makes the signup phase and the trading of stocks and ETFs truly easy.

So Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management (AUM). These folks have been expanding for more than 7 years and now employs more than 600 folks. The majority shareholder is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage operating in Canada.

But How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it easy to add funds to your new account. Just connect a chequing or savings account with your Trade account, and then fund your account in simply a few clicks. Deposits from financial institutions to Wealthsimple usually take only a few days. Funds can the same way can be moved to your chequing or savings accounts through the exact same process.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to e-Transfers which allow you to quickly and easily transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid pre paid visa and savings product which lets one to recieve 1% cashback on all your spending, and also earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a variety of courses on saving, investing, crypto, home buying and more. 

All of the listed features, including Wealthsimple Trade can be found on the mobile app or at the website with your Wealthsimple login.

So How Can I Get Started With Wealthsimple Trade?

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

So What if I Still Have Additional Questions Related to Wealthsimple Glassdoor?

If this blog post hasn’t answered all of your questions, and you’re still browsing for further facts relating to Wealthsimple Glassdoor, check out the Wealthsimple site to get answers to all your questions.