Wealthsimple Review 2022: Wealthsimple Promo $100

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, stocks plus crypto trading app that differentiates itself from similar apps by charging no fees. 

A Toronto, Ontario based online financial services business founded in Autumn twenty fourteen exclusively as a robo advisor automated trading app named Wealthsimple Invest, it has improved significantly over the past eight years to also feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows Canadian investors trade both stand alone stocks and also ETFs without needing to pay fees. The exception to this is when you’re trading stocks and ETFs which are listed in USD. In which case, they do charge a currency conversion fee both when buying and selling. However, gone are the days of having to pay Upwards of $7 per each trade with online discount brokerages as was common just a couple years past.

Exactly How Much in Funds Will I Need to Have in Order to Start on Wealthsimple Trade?

Wealthsimple is cool such that they will allow new customers to make a minimum deposit of only $1. Most alternative banks and discount brokerages have quite large initial deposit amounts of 1K-5k. This makes it hard for the everyday investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

They do. Wealthsimple Trade has available both CRA registered and non-registered account types. You are free to select between both RRSP and TFSA accounts during the setup wizard. 

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app that is available on IOS and also Google Play. The smartphone app makes the signup phase and also the trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion CAD of Assets Under Management . This company has been expanding for more than 7 years and now employs more than 600 folks. The controlling shareholder is the public Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very straight forward to deposit to a new account. Just connect to a chequing or savings account with your Trade account, then fund your account in simply a few steps. Deposits from financial institutions to Wealthsimple typically take just a few days. Funds can also be withdrawn a chequing or savings account through the exact same process.

Which Additional Benefits and Products Are Available?

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

Wealthsimple Tax – Everything you require to prepare for tax season and submit your taxes online for free. It’s described to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A combination prepaid visa and savings product that allows one to recieve 1% cashback on your spending, as well as get a very competitive 1.5% interest rate on savings.

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

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

So How Can I Start With Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you will receive the equivalent cash value of a random share valued at $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.

But What if I Still Have Additional Questions Related to Wealthsimple Promo $100?

If this review hasn’t answered all of your questions, and you’re browsing for additional specific answers about Wealthsimple Promo $100, check out the Wealthsimple site for answers to every one of your questions.