Wealthsimple Review 2022: Wealthsimple Press Release

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, stocks and crypto trading app that sets itself apart from other apps by charging no fees. 

A leading Canadian fintech company founded in the Fall 2014 originally as a robo advisor automated trading platform named Wealthsimple Invest, it has changed substantially over the last 8 years to feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers trade stand alone stocks and ETFs without needing to pay any fees. The exception is when trading ETFs and stocks that are listed in USD currency. In which case, they will charge a small currency conversion fee both when buying and selling. But, behind us are the times of having to pay more than $7 for each trade with online discount brokerages as was common a few years ago.

Exactly How Much Cash Will I Need to Have to Begin Investing With Wealthsimple Trade?

Wealthsimple is unique in that they will allow investors to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable initial deposit amounts of $1,000-$5000. This makes it difficult for the common new investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. You can choose both RRSP and TFSA account types in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app that is offered to download on both IOS and also Google Play. The app makes the enrollment phase and also the trading of stocks and ETFs a breeze.

So Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is safe. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management . These folks have been expanding for more than 7 years and also at this time employs roughly 600 people. The primary owner is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage to operate in Canada.

How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very simple to add funds to an account. Simply connect a chequing or savings account to your Trade account, and fund your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can also be withdrawn a chequing or savings accounts with the exact same process.

Which Other Features and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers that allows one to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax year and submit your taxes online for free. It’s described as simple, accurate and always free income tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings account that allows you to recieve 1% cashback on all your everyday purchases, as well as get 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 online courses on topics like saving, investing, crypto, mortgages and more. 

All of the mentioned features, along with Wealthsimple Trade may be accessed inside the mobile app or at their site with one login.

So How Can I Get Started With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you’ll receive the cash value of a Canadian stock worth up to $4,500 CAD when you deposit to your account.

So What if I Still Have Additional Questions About Wealthsimple Press Release?

If this article hasn’t given you the answers to all of your questions, and you’re searching for more specific answers relating to Wealthsimple Press Release, visit the Wealthsimple website to get answers to each your questions.