Wealthsimple Review 2022: Wealthsimple Keeps Logging Me Out

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stocks and crypto trading platform that distinguishes itself from similar apps by charging no fees. 

A leading Canadian online financial services business launched in the Fall twenty fourteen originally as a robo advisor trading platform called Wealthsimple Invest, it has grown significantly over the past eight years to feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows consumers to trade individual stocks and ETFs without having to pay commissions. The exception to this is when you’re trading stocks and ETFs which are listed in USD currency. In which case, they do charge a currency conversion fee both when buying and selling. However, gone are the days of paying more than $7 per each trade with digital discount brokerages as was the case a couple years ago.

How Much Cash do I Need to Have in Order to Start With Wealthsimple Trade?

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

But Does Wealthsimple Trade Have Registered Accounts?

Yes. Wealthsimple Trade has available registered and non-CRA-registered accounts. You are able to select between both RRSP and TFSA account types during the setup phase. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app that is available on both iOS and Google Play. The mobile app makes the registration phase and the trading of stocks and ETFs incredibly a breeze.

Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion CAD in Assets Under Management (AUM). they’ve been expanding for more than 7 years and also employs over 600 people. The main owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

But How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite straight forward to fund your account. Just connect the app to a chequing or savings account with your Trade account, and add funds to your account in simply a couple of steps. Deposits from banks to Wealthsimple usually take a few days. Funds can just as easily be withdrawn a chequing or savings account using the same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is equivalent to E-transfers that allows anyone to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax year and file your tax return online free. It’s advertised to be simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination pre paid debit card and savings product that lets one to recieve 1% cashback on your purchases, as well as get a competitive 1.5% interest on savings.

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

All of the above products, including Wealthsimple Trade may be accessed in the app and from their site with your Wealthsimple login.

How Can I Get Started With Wealthsimple Trade?

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

But What if I Still Have Additional Questions About Wealthsimple Keeps Logging Me Out?

If this review still hasn’t answered each of your questions, and you’re still looking for further answers about Wealthsimple Keeps Logging Me Out, go to the Wealthsimple website for answers to every one of your questions.