Wealthsimple Review 2022: Wealthsimple Quote Delay

What Exactly is Wealthsimple?

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

A leading Canadian online financial services company founded in the Fall twenty fourteen originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has evolved considerably over the last 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets consumers to trade stand alone stocks and ETFs without needing to pay any fees. The exception is when you’re trading stocks which are displayed in US Dollars. In that case, they charge a small currency conversion fee both when buying and selling. However, behind us are the times of having to pay $7-12 per each trade with online discount brokerages as was the case just a couple years ago.

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

Wealthsimple is cool in that they will allow Canadians to make a minimum deposit of just $1. Most traditional banks and brokerages have sizeable initial deposit amounts of 1K-$5000. This makes it tough for the normal new investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade has both registered and non-registered accounts. You may choose between both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app offered on both IOS and also Google Play. The app makes the enrollment steps and trading of stocks and ETFs super a breeze.

Is Wealthsimple Trade Trustworthy?

For sure. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion CAD of Assets Under Management . They have been in business for more than 7 years and also now employs roughly 600 folks. The primary shareholder is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage operating in Canada.

So How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to deposit to your account. Simply connect the app to a chequing or savings account with your Trade account, and then fund your account in simply a couple of clicks. Deposits from financial institutions to Wealthsimple typically take just a few days. Funds can just as easily be moved to a chequing or savings account through the same process.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to Interac e-transfers which allow you to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax season and file your taxes online for free. It’s pitched to be simple, accurate and always totally free tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that offers a variety of online courses on saving, investing, crypto, home buying and much more. 

Each of the listed products, along with Wealthsimple Trade may be found inside the app and on the website with a single login.

How Can I Start With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. For a special signup bonus offer to our readers you will receive the equivalent cash value of a stock worth $25 up to $4,500 Canadian once you add funds to your account.

But What if I Still Have Questions About Wealthsimple Quote Delay?

If this article hasn’t answered each of your questions, and you’re searching for more specific info about Wealthsimple Quote Delay, visit the Wealthsimple website for answers to all your questions.