Wealthsimple Review 2022: Wealthsimple Not Loading

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, securities plus crypto trading platform that differentiates itself from similar apps by charging absolutely no fees. 

A leading Canadian fintech business founded in Autumn twenty fourteen originally as a robo advisor trading app named Wealthsimple Invest, it has grown considerably over the past eight years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers trade individual stocks and ETFs without having to pay commissions. The exception to this is when trading stocks that are denominated in USD currency. In which case, they charge a small currency conversion fee when buying and selling. But, past us are the times of having to pay $7-12 per each trade with online discount brokerages as was the case a couple years ago.

How Much in Funds Will I Need to Have in Order to Get Started With Wealthsimple Trade?

Wealthsimple is unique such that they will allow investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have quite large min deposit amounts of $1,000-$5000. This makes it impossible for the common new investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-CRA-registered accounts. You may select between both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app offered to download on both IOS and Android. The smartphone app makes the registration steps and also trading of stocks and ETFs very easy.

So Is Wealthsimple Trade Legit?

Yes. Wealthsimple Trade is safe. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). They have been operating for more than 7 years and also right now employs over 600 people. The main owner is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage operating in Canada.

But How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly simple to add money to a new account. Simply connect the app to a chequing or savings account with your Trade account, and then add funds to your account in only a couple of clicks. Deposits from banks to Wealthsimple normally take just a couple of days. Funds can just as easily be moved back to your chequing or savings account using the exact same process.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to E-Transfers that allow one to quickly and simply transfer cash to friends and family in Canada.

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

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

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

All of the above products, including Wealthsimple Trade may be found inside the mobile app and at their site with one login.

So How Can I Get Started With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. As an exclusive signup bonus to our readers you’ll receive the cash value of a random Canadian stock valued at up to $4,500 Canadian when you fund your account.

But What if I Still Have Additional Questions Concerning Wealthsimple Not Loading?

If this blog post still hasn’t given you the answers to each of your questions, and you’re browsing for more answers about Wealthsimple Not Loading, check out the Wealthsimple website for answers to every one of your questions.