Wealthsimple Review 2022: Wealthsimple Leadership Team

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, stock plus crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees. 

A leading Canadian fintech business launched in Autumn 2014 exclusively as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has evolved significantly over the past eight years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets consumers to trade single stocks and also ETFs without needing to pay commissions. The exception is when you’re trading ETFs and stocks which are listed in USD. In that case, they charge a currency conversion fee both when buying and selling. However, gone are the days of having to pay Upwards of $7 per each trade with digital discount brokerages as was the norm just a few years ago.

How Much Money do I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is special such that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have large min deposit amounts of 1K-$5000. This makes it hard for the every day investor to get started. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

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

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app that is available to download on IOS and also Google Play. The mobile app makes the signup steps and the trading of stocks and ETFs a breeze.

So Is Wealthsimple Trade Legit?

Of course. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion CAD in Assets Under Management . This company has been in business for more than 7 years and now employs about 600 people. The majority owner is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage operating in Canada.

How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite straight forward to add money to an account. Just connect to a chequing or savings account to your Trade account, and add money to your account in simply a few clicks. Deposits from your bank to Wealthsimple typically take just a few days. Funds can just as easily be moved back to a chequing or savings account by using the exact same process.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to e-transfers which allow you to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax season and submit your taxes online free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A combination prepaid visa and savings product which lets one to recieve 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 platform which offers a variety of different courses on saving, investments, crypto, mortgages and much more. 

Every one of the mentioned products, including Wealthsimple Trade can be accessed within the mobile app or from the website with one login.

So How Can I Start With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As a special registration bonus for our readers you’ll get the equivalent cash value of a random stock valued at up to $4,500 CAD once you deposit to your account.

What if I Still Have Additional Questions About Wealthsimple Leadership Team?

If this article still hasn’t given you the answers to all of your questions, and you’re browsing for additional answers relating to Wealthsimple Leadership Team, check out the Wealthsimple website for answers to all your questions.