Wealthsimple Review 2022: Wealthsimple Hiring Freeze

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian web based Financial, stock and crypto trading app that differentiates itself from other apps by charging absolutely no fees. 

A leading Canadian fintech business founded in the Fall 2014 exclusively as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has grown considerably over the last 8 years to include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian investors to trade both single stocks and also ETFs without paying any commissions. The exception to this is when trading securities that are displayed in USD. In which case, they do charge a nominal currency conversion fee when buying and selling. But, behind us are the times of having to pay $7-12 per each trade with digital discount brokerages as was expected just a couple years ago.

Exactly How Much Money do I Need to Start on Wealthsimple Trade?

Wealthsimple is cool such that they allow investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have quite large initial deposit amounts of 1K-$5,000. This makes it hard for the every day new investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade offers both registered and non-registered accounts. You can choose both RRSP and TFSA account types during the setup wizard. 

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is available on IOS and Google Play. The mobile app makes the registration process and also trading of stocks and ETFs very a breeze.

But Is Wealthsimple Trade Secure?

Yes. Wealthsimple Trade is safe. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management . This company has been expanding for more than 7 years and also at this time employs about 600 Canadians. The main owner is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it incredibly simple to fund your new account. Just connect a chequing or savings account to your Trade account, and add funds to your account in simply a couple of clicks. Deposits from banks to Wealthsimple normally take only a few days. Funds can just as easily be moved back to a chequing or savings account by using the same method.

Which Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac e-Transfers which allow one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax season and file your taxes online free. It’s described as simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination pre paid debit card and savings product which allows you to get 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a ton of courses on different topics such as saving, investing, crypto, real estate and more. 

All of the mentioned features, including Wealthsimple Trade may be accessed in the app or at their website with one login.

But How do I Start With Wealthsimple Trade?

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

So What if I Still Have Questions Related to Wealthsimple Hiring Freeze?

If this review hasn’t given you the answers to each of your questions, and you’re still browsing for further specific answers about Wealthsimple Hiring Freeze, go to the Wealthsimple website to get answers to each your questions.