Wealthsimple Review 2022: Wealthsimple Hiring

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stocks and crypto trading platform that sets itself apart from the competition by charging absolutely no fees. 

A leading Canadian online financial services business launched in Fall of twenty fourteen originally as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has evolved substantially over the previous eight years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets investors trade both stand alone stocks and ETFs without paying commissions. The exception is when you’re trading stocks and ETFs that are listed in USD currency. In which case, they do charge a currency conversion fee when buying and selling. However, gone are the times of paying Upwards of $7 per trade with digital discount brokerages as was the case a couple years past.

How Much in Funds Will I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. Many traditional banks and brokerages have sizeable min deposit amounts of $1000-5k. This makes it hard for the everyday investor to start investing. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has registered and non-CRA-registered accounts. One can select between both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is available on IOS and Google Play. The smartphone app makes the enrollment phase and also the trading of stocks and ETFs painless.

Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion Canadian of Assets Under Management . they’ve been operating for more than 7 years and also right now employs more than 600 Canadians. The majority owner is the public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.

But How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very straight forward to add money to your account. Just connect the app to a chequing or savings account to your Trade account, and fund your account in only a couple of steps. Deposits from financial institutions to Wealthsimple typically take a couple of days. Funds can the same way can be moved back to your chequing or savings accounts by using the same steps.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac E-transfers which allow you to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online for free. It’s pitched to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account which allows one to earn 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest rate on savings.

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

Every one of the listed features, along with Wealthsimple Trade can be found on the mobile app and at their website with a single login.

But How Should I Start Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For a special registration bonus to our readers you will receive the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 CAD once you deposit to your account.

What if I Still Have Additional Questions Related to Wealthsimple Hiring?

If this blog post didn’t answered each of your questions, and you’re searching for more specific answers about Wealthsimple Hiring, visit the Wealthsimple website to get answers to every one of your questions.