Wealthsimple Review 2022: Wealthsimple Linkedin

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stock plus crypto trading web app that sets itself apart from its competitors by charging no fees. 

A fintech company founded in the Autumn of 2014 exclusively as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has improved substantially over the past eight years to feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers trade both stand alone stocks and also ETFs without needing to pay fees. The exception is when you’re trading ETFs and stocks which are listed in USD. In which case, they do charge a small currency conversion fee when buying and selling. However, gone are the days of paying more than $7 for each trade with online discount brokerages as was the case only a couple years past.

How Much Money do I Need to Have in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is awesome such that they allow investors to make a minimum deposit of just $1. Most traditional banks and brokerages have sizeable initial deposit amounts of 1K-5k. This makes it tough for the common new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

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

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app available to download on both iOS and Android. The smartphone app makes the enrollment process and also the trading of stocks and ETFs truly simple.

So Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). This company has been doing business for more than 7 years and also right now employs roughly 600 people. The primary owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage to operate in Canada.

How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it quite simple to deposit to your account. Just connect the app to a chequing or savings account with your Trade account, and then add money to your account in only a few clicks. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved to your chequing or savings account by the same method.

What Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to E-transfers that allows anyone to quickly and simply transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for tax season and submit your taxes online for free. It’s advertised to be simple, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows you to recieve 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a bunch of courses on different topics such as saving, investing, crypto, real estate and more. 

Each of the listed products, including Wealthsimple Trade can be accessed within the app and from the website with one login.

But How do I Get Started With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. As a special registration bonus offer for our readers you will get the equivalent cash value of a random share worth $25 up to $4,500 Canadian when you deposit to your account.

What if I Still Have Additional Questions Concerning Wealthsimple Linkedin?

If this review didn’t answered each of your questions, and you’re browsing for additional specific answers about Wealthsimple Linkedin, visit the Wealthsimple site to get answers to each your questions.