Wealthsimple Review 2022: Wealthsimple Net Worth

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stock and crypto trading app that sets itself apart from other apps by charging absolutely no fees. 

A leading Canadian fintech business founded in Fall of twenty fourteen exclusively as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has changed substantially over the previous 8 years to also feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers trade both stand alone stocks and ETFs without paying any commissions. The exception to this is when trading stocks and ETFs that are listed in US Dollars. In that case, they do charge a small currency conversion fee both when buying and selling. However, past us are the days of having to pay Upwards of $7 per trade with digital discount brokerages as was common just a couple years ago.

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

Wealthsimple is special such that they will allow investors to make a minimum deposit of only $1. Most alternative banks and brokerages have large initial deposit amounts of $1000-$5000. This makes it impossible for the everyday investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

Of course. Wealthsimple Trade has registered and non-registered account types. One can choose both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app offered to download on both Apple and Android. The smartphone app makes the registration steps and the trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Safe?

. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management (AUM). These folks have been operating for more than 7 years and also at this time employs more than 600 folks. The primary owner is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.

How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to deposit to your account. Just connect a chequing or savings account with your Trade account, then add funds to your account in only a couple of steps. Deposits from your bank to Wealthsimple normally take only a few days. Funds can also be withdrawn your chequing or savings accounts through the exact same steps.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac e-transfers which allows anyone to quickly and easily send money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings product which lets you to recieve 1% cashback on all your spending, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a ton of courses on topics like saving, investing, crypto, home buying and more. 

All of the above features, including Wealthsimple Trade may be accessed in the mobile app or on the website with your Wealthsimple login.

How do I Get Started With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. As an exclusive registration bonus to our readers you’ll get the cash value of a random stock worth $25 up to $4,500 CAD as soon as you deposit to your account.

What if I Still Have Questions Related to Wealthsimple Net Worth?

If this article hasn’t given you the answers to each of your questions, and you’re still searching for additional specific answers relating to Wealthsimple Net Worth, check out the Wealthsimple site to get answers to each your questions.