Wealthsimple Review 2022: Wealthsimple Ipo

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online investing, securities plus crypto trading platform that sets itself apart from its competitors by charging absolutely no fees. 

A Toronto, Ontario based online financial services business founded in the Autumn of twenty fourteen originally as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has grown considerably over the previous 8 years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors trade stand alone stocks and ETFs without paying fees. The exception to this is when trading securities which are listed in USD. In that case, they will charge a currency conversion fee both when buying and selling. However, gone are the times of paying $7-12 per trade with discount brokerages as was common a couple years ago.

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

Wealthsimple is special in that they will allow investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have quite large min deposit amounts of $1,000-5K. This makes it difficult for the every day investor to get started. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade offers both registered and non-registered account types. One are free to choose both RRSP and TFSA account types during the setup process. 

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app that is available to download on IOS and Google Play. The app makes the enrollment process and also trading of stocks and ETFs truly simple.

Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion CAD in Assets Under Management . They have been in business for more than 7 years and also employs over 600 people. The primary owner is the admired public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.

So How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite easy to fund your account. Simply connect the app to a chequing or savings account to your Trade account, and then fund your account in just a few clicks. Deposits from your bank to Wealthsimple typically take only a couple of days. Funds can the same way can be withdrawn your chequing or savings account using the same steps.

What Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to e-transfers which allows anyone to quickly and simply transfer money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid visa and savings account that allows one to recieve 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest on savings.

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

Every one of the mentioned features, along with Wealthsimple Trade can be accessed inside the mobile app and from the site with one login.

So How Can I Start With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For an exclusive registration bonus for our readers you’ll get the equivalent cash value of a random stock valued at up to $4,500 Canadian once you make an initial deposit to your account.

But What if I Still Have Questions Concerning Wealthsimple Ipo?

If this article still hasn’t answered each of your questions, and you’re still browsing for more specific answers relating to Wealthsimple Ipo, visit the Wealthsimple website to find answers to all your questions.