Wealthsimple Review 2022: Wealthsimple Jobs Salary

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, securities plus crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees. 

A leading Canadian online financial services business launched in Autumn of 2014 originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has changed substantially over the previous eight years to feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade single stocks and also ETFs without paying any commissions. The exception to this is when trading stocks and ETFs that are listed in USD. In which case, they will charge a nominal currency conversion fee when buying and selling. However, past us are the days of paying $7-12 per trade with discount brokerages as was common only a couple years past.

How Much Cash Will I Need to Have to Start With Wealthsimple Trade?

Wealthsimple is special in that they allow Canadians to make a minimum deposit of only $1. Most traditional banks and discount brokerages have quite large minimum deposit amounts of 1K-$5000. This makes it impossible for the common investor to get started. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

It does. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One may choose both RRSP and TFSA accounts during the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app that is offered on both IOS and also Android. The mobile app makes the enrollment process and trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion Canadian in Assets Under Management (AUM). They have been in business for more than 7 years and also employs over 600 people. The controlling shareholder is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.

So How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to add money to your account. Just connect a chequing or savings account with your Trade account, and add funds to your account in just a couple of clicks. Deposits from banks to Wealthsimple typically take a couple of 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 Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to e-transfers that allow anyone to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for tax season and file your taxes online for free. It’s pitched to be simple, accurate and always totally free tax return filing.

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

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

Each of the listed features, along with Wealthsimple Trade can be accessed inside the mobile app and from their website with one login.

How do I Start With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. As an exclusive signup bonus offer to our readers you will get the cash value of a random share valued at $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.

But What if I Still Have Questions Related to Wealthsimple Jobs Salary?

If this article still hasn’t answered each of your questions, and you’re looking for additional answers relating to Wealthsimple Jobs Salary, check out the Wealthsimple site to get answers to all your questions.