Wealthsimple Review 2022: Wealthsimple Keeps Crashing

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, stocks and crypto trading platform that sets itself apart from similar apps by charging absolutely no fees. 

A online financial services company launched in the Fall twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has changed significantly over the past eight years to also include Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian consumers to trade both individual stocks and ETFs without needing to pay any fees. The exception is when you’re trading stocks that are displayed in USD currency. In which case, they will charge a currency conversion fee both when buying and selling. But, past us are the days of paying more than $7 per trade with online discount brokerages as was expected just a few years past.

How Much in Funds Will I Need to Have to Get Started With Wealthsimple Trade?

Wealthsimple is special such that they will allow new customers to make a minimum deposit of just $1. Most traditional banks and brokerages have large min deposit amounts of 1K-5k. This makes it hard for the everyday new investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

It does. Wealthsimple Trade has both CRA registered and non-CRA-registered account types. You may choose between both RRSP and TFSA account types in the setup phase. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app available to download on Apple and also Google Play. The app makes the enrollment process and the trading of stocks and ETFs simple.

Is Wealthsimple Trade Trustworthy?

Definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD in Assets Under Management (AUM). This company has been expanding for more than 7 years and also right now employs over 600 folks. The controlling owner is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage to operate in Canada.

How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to add funds to your account. Simply connect the app to a chequing or savings account to your Trade account, then fund your account in only a few clicks. Deposits from financial institutions to Wealthsimple typically take just a couple of days. Funds can just as easily be moved back to a chequing or savings accounts using the exact same process.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to e-transfers which allow one to quickly and simply transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings product which lets one to earn 1% cashback on all your everyday purchases, and also get a very competitive 1.5% interest on savings.

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

Each of the listed products, along with Wealthsimple Trade may be accessed on the mobile app and on their site with one login.

How Should I Begin Using Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For an exclusive signup bonus for our readers you will receive the cash value of a random Canadian stock worth up to $4,500 CAD once you add funds to your account.

So What if I Still Have Additional Questions About Wealthsimple Keeps Crashing?

If this blog post didn’t given you the answers to all of your questions, and you’re browsing for additional specific info relating to Wealthsimple Keeps Crashing, visit the Wealthsimple site to get answers to every one of your questions.