Wealthsimple Review 2022: Wealthsimple Raises

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, stocks plus crypto trading web app that sets itself apart from its competitors by charging no fees. 

A fintech business founded in Autumn of twenty fourteen exclusively as a robo advisor trading app named Wealthsimple Invest, it has grown substantially over the last eight years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets consumers trade both single stocks and also ETFs without having to pay any commissions. The exception is when trading ETFs and stocks which are denominated in US Dollars. In which case, they do charge a currency conversion fee when buying and selling. However, behind us are the times of paying more than $7 per each trade with online discount brokerages as was common a couple years ago.

Exactly How Much Cash do I Need to Begin Investing on Wealthsimple Trade?

Wealthsimple is special in that they allow investors to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large minimum deposit amounts of $1000-5k. This makes it impossible for the everyday new investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade offers registered and non-registered account types. You are able to choose both RRSP and TFSA account types in the setup process. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app offered to download on both iOS and also Android. The smartphone app makes the enrollment phase and also trading of stocks and ETFs very simple.

But Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion CAD of Assets Under Management . This company has been in business for more than 7 years and also at this time employs roughly 600 Canadians. The controlling owner is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.

So How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly simple to add funds to a new account. Just connect a chequing or savings account with your Trade account, and add money to your account in only a couple of steps. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved to a chequing or savings account by the same method.

Which Additional Features and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers which allows anyone to quickly and easily transfer money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings product which allows one to recieve 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a variety of online courses on different topics such as saving, investments, crypto, mortgages and much more. 

All of the mentioned products, including Wealthsimple Trade may be accessed within the app or at the website with a single login.

So How do I Start With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For a special registration bonus to our audience you will get the equivalent cash value of a random share worth up to $4,500 CAD once you deposit to your account.

So What if I Still Have Questions Concerning Wealthsimple Raises?

If this review didn’t given you the answers to all of your questions, and you’re still browsing for additional specific information relating to Wealthsimple Raises, check out the Wealthsimple website to get answers to every one of your questions.