Wealthsimple Review 2022: Wealthsimple Job Reviews

What Exactly is Wealthsimple?

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

A leading Canadian online financial services company founded in Autumn twenty fourteen originally as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has changed substantially over the past 8 years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows investors trade stand alone stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading stocks that are displayed in USD currency. In this case, they charge a small currency conversion fee both when buying and selling. However, behind us are the times of paying more than $7 per each trade with discount brokerages as was the norm just a few years ago.

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

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and discount brokerages have large initial deposit amounts of 1k-5K. This makes it tough for the normal investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

Yes. Wealthsimple Trade has CRA registered and non-CRA-registered account types. One may choose both RRSP and TFSA account types in the setup process. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app that is available on Apple and Google Play. The smartphone app makes the signup process and trading of stocks and ETFs very easy.

So Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management . they’ve been operating for more than 7 years and also currently employs over 600 Canadians. The majority shareholder is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage operating in Canada.

So How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it easy to add funds to a new account. Simply connect the app to a chequing or savings account with your Trade account, and fund your account in simply a couple of clicks. Deposits from banks to Wealthsimple typically take only a few days. Funds can also be moved back to your chequing or savings accounts by the exact same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to E-Transfers that allow you to quickly and simply transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid visa and savings product which lets you to earn 1% cashback on your spending, and also get a competitive 1.5% interest on savings.

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

All of the listed products, along with Wealthsimple Trade may be found inside the mobile app and from the site with a single login.

How Should I Get Started Using Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As a special signup bonus offer for our audience you will receive the equivalent cash value of a Canadian stock valued at $25 up to $4,500 CAD as soon as you fund your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Job Reviews?

If this article still hasn’t given you the answers to each of your questions, and you’re searching for further specific answers about Wealthsimple Job Reviews, check out the Wealthsimple site to find answers to every one of your questions.