Wealthsimple Review 2022: Wealthsimple Instant Deposit

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian digital investing, securities plus crypto trading web app that distinguishes itself from the competition by charging absolutely no fees. 

A online financial services company founded in Autumn of 2014 exclusively as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has evolved significantly over the last 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian investors to trade both single stocks and also ETFs without needing to pay any commissions. The exception is when trading stocks and ETFs that are denominated in US Dollars. In that case, they do charge a small currency conversion fee both when buying and selling. However, past us are the times of having to pay more than $7 per trade with online discount brokerages as was the case just a couple years past.

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

Wealthsimple is unique in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and discount brokerages have large minimum deposit amounts of 1K-5k. This makes it hard for the typical investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

They do. Wealthsimple Trade offers registered and non-registered account types. One are able to select between both RRSP and TFSA accounts during the setup wizard. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app offered to download on both IOS and also Android. The mobile app makes the enrollment steps and also the trading of stocks and ETFs truly a breeze.

Is Wealthsimple Trade Trustworthy?

Of course. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management (AUM). This company has been in business for more than 7 years and also right now employs over 600 people. The main shareholder is the admired public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage operating in Canada.

But How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it straight forward to add funds to a new account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in just a couple of clicks. Deposits from your bank to Wealthsimple usually take just a few days. Funds can the same way can be moved back to a chequing or savings accounts with the exact same process.

Which Additional Benefits and Products Are Available?

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

Wealthsimple Tax – Everything you’ll require to prepare for tax year and submit your taxes online free. It’s described as simple, accurate and always free income tax filing.

Wealthsimple Spend – A combination pre paid visa and savings product which lets one to recieve 1% cashback on your everyday spending, as well as earn a very competitive 1.5% interest rate on savings.

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

All of the mentioned products, including Wealthsimple Trade can be found within the app and on the site with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive signup bonus to our audience you’ll get the cash value of a random stock worth $25 up to $4,500 CAD as soon as you deposit to your account.

What if I Still Have Questions Concerning Wealthsimple Instant Deposit?

If this article hasn’t answered all of your questions, and you’re still searching for more answers about Wealthsimple Instant Deposit, visit the Wealthsimple website to get answers to each your questions.