Wealthsimple Review 2022: Wealthsimple Offers

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stock plus crypto trading app that distinguishes itself from other apps by charging no fees. 

A leading Canadian online financial services company founded in the Autumn twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has changed substantially over the past 8 years to feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors to trade individual stocks and ETFs without paying fees. The exception to this is when you’re trading ETFs and stocks that are displayed in USD currency. In this case, they will charge a small currency conversion fee when buying and selling. But, gone are the times of paying Upwards of $7 per trade with online discount brokerages as was the case just a couple years ago.

Exactly How Much in Funds Will I Need to Begin Investing on Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large min deposit amounts of $1000-$5,000. This makes it impossible for the typical investor to start. With Wealthsimple Trade, one doesn’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have RRSP Accounts?

Yes. Wealthsimple Trade offers CRA registered and non-CRA-registered accounts. You are able to choose between both RRSP and TFSA accounts during the setup process. 

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is available on both Apple and Google Play. The app makes the signup steps and also trading of stocks and ETFs super a breeze.

Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). they’ve been in business for more than 7 years and also now employs roughly 600 folks. The main owner is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee online discount brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it incredibly straight forward to add funds to an account. Simply connect to a chequing or savings account to your Trade account, and then fund your account in just a few steps. Deposits from banks to Wealthsimple normally take only a couple of days. Funds can also be moved to a chequing or savings accounts with the same process.

What Additional Features and Products Are Available?

Wealthsimple Cash – An equivalent to Interac e-Transfers that allows you to quickly and simply transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings account that lets one to earn 1% cashback on all your purchases, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of different online courses on saving, investing, crypto, mortgages and more. 

Every one of the listed products, including Wealthsimple Trade can be accessed on the mobile app or from the website with a single login.

So How Can I Start Using Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. For a special registration bonus to our audience you’ll receive the cash value of a stock valued at up to $4,500 CAD once you add funds to your account.

So What if I Still Have Questions About Wealthsimple Offers?

If this blog post hasn’t answered each of your questions, and you’re still browsing for more answers relating to Wealthsimple Offers, go to the Wealthsimple website to get answers to each your questions.