Wealthsimple Review 2022: Wealthsimple Not Working

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks plus crypto trading app that differentiates itself from other apps by charging absolutely no fees. 

A Toronto, Ontario based online financial services company founded in Fall of 2014 exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown considerably over the past eight years to feature Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian consumers to trade both single stocks and ETFs without having to pay any fees. The exception is when trading securities that are denominated in USD currency. In which case, they charge a nominal currency conversion fee both when buying and selling. But, gone are the times of having to pay more than $7 per each trade with digital discount brokerages as was normal a couple years past.

Exactly How Much Cash Will I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is cool in that they allow investors to make a minimum deposit of just $1. Most alternative banks and brokerages have quite large min deposit amounts of 1K-5k. This makes it impossible for the normal new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade has registered and non-registered account types. You are able to choose between both RRSP and TFSA account types during the setup wizard. 

Does Wealthsimple Trade Offer a Mobile Application?

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

So Is Wealthsimple Trade Secure?

For sure. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . They have been doing business for more than 7 years and also at this time employs about 600 people. The main owner is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage operating in Canada.

But How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it straight forward to deposit 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 only a few steps. Deposits from your bank to Wealthsimple normally take just a few days. Funds can also be moved back to a chequing or savings account by using the same process.

Which Additional 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’ll require to get ready for this tax season and submit your taxes online free. It’s pitched to be easy, accurate and always totally free income tax filing.

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

Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a variety of courses on saving, investments, crypto, real estate and more. 

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

But How do I Start Using Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As an exclusive registration bonus offer to our readers you will get the cash value of a random share valued at $25 up to $4,500 CAD once you make an initial deposit to your account.

So What if I Still Have Additional Questions Related to Wealthsimple Not Working?

If this article hasn’t given you the answers to each of your questions, and you’re searching for additional info relating to Wealthsimple Not Working, check out the Wealthsimple site for answers to each your questions.