Wealthsimple Review 2022: Wealthsimple Kingston Promos

What is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, stocks and crypto trading platform that sets itself apart from other apps by charging no fees. 

A fintech company founded in the Autumn of twenty fourteen exclusively as a robo-advisor automated trading app named Wealthsimple Invest, it has evolved significantly over the previous eight years to include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian consumers trade individual stocks and also ETFs without needing to pay any fees. The exception to this is when you’re trading stocks that are displayed in USD. In that case, they do charge a nominal currency conversion fee both when buying and selling. But, past us are the days of having to pay Upwards of $7 per trade with online discount brokerages as was normal only a couple years past.

How Much Cash Will I Need to Have in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is unique in that they allow Canadians to make a minimum deposit of only $1. The majority of traditional banks and discount brokerages have large minimum deposit amounts of $1000-$5000. This makes it difficult for the everyday investor to start investing. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have RRSP Accounts?

They do. Wealthsimple Trade offers CRA registered and non-registered account types. You are able to choose both RRSP and TFSA accounts in the setup phase. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app that is offered on both iOS and also Android. The smartphone app makes the enrollment steps and trading of stocks and ETFs truly painless.

But Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion Canadian in Assets Under Management . These folks have been doing business for more than 7 years and right now employs over 600 Canadians. The main owner is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage operating in Canada.

So How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it straight forward to add money to a new account. Simply connect the app to a chequing or savings account to your Trade account, and then add money to your account in just a few clicks. Deposits from your bank to Wealthsimple normally take a few days. Funds can just as easily be withdrawn your chequing or savings account using the exact same process.

What Additional Features and Products Are Available?

Wealthsimple Cash – This is alternative to Interac e-transfers that allow you to quickly and simply send cash to friends and family in Canada.

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

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

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

Every one of the listed products, including Wealthsimple Trade may be accessed on the mobile app and from the website with a single login.

So How do I Get Started With Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. As a special registration bonus offer for our audience you will receive the equivalent cash value of a Canadian stock valued at $25 up to $4,500 CAD once you add funds to your account.

But What if I Still Have Questions Related to Wealthsimple Kingston Promos?

If this article still hasn’t answered each of your questions, and you’re still browsing for more facts relating to Wealthsimple Kingston Promos, go to the Wealthsimple site for answers to every one of your questions.