Wealthsimple Review 2022: Wealthsimple Risk Level 8 Reddit

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stocks plus crypto trading platform that sets itself apart from similar apps by charging absolutely no fees. 

A leading Canadian fintech business founded in the Autumn twenty fourteen exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has evolved substantially over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors trade both stand alone stocks and also ETFs without paying fees. The exception is when trading stocks that are listed in USD currency. In this case, they will charge a currency conversion fee when buying and selling. However, gone are the days of paying Upwards of $7 per each trade with discount brokerages as was normal just a couple years past.

How Much Money do I Need to Begin Investing With Wealthsimple Trade?

Wealthsimple is unique such that they allow new customers to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of $1000-$5,000. This makes it difficult for the typical investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade has both registered and non-CRA-registered account types. You can select both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app that is offered to download on Apple and also Android. The smartphone app makes the enrollment phase and also the trading of stocks and ETFs easy.

Is Wealthsimple Trade Safe?

Definitely. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion CAD of Assets Under Management . They have been operating for more than 7 years and also at this time employs about 600 folks. The controlling owner is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage to operate in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to add funds to your new account. Just connect to a chequing or savings account to your Trade account, and then add funds to your account in simply a few steps. Deposits from financial institutions to Wealthsimple normally take just a few days. Funds can the same way can be moved to a chequing or savings account through the same method.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac e-Transfers that allows you to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for this tax year and submit your tax return online for free. It’s described to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination prepaid visa and savings account that allows one to recieve 1% cashback on all your purchases, and also earn a very competitive 1.5% interest on savings.

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

Every one of the mentioned features, along with Wealthsimple Trade may be found on the app and at their site with one login.

But How Can I Start With Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will receive the equivalent cash value of a random Canadian stock worth up to $4,500 CAD as soon as you add funds to your account.

So What if I Still Have Questions Concerning Wealthsimple Risk Level 8 Reddit?

If this article didn’t given you the answers to all of your questions, and you’re still searching for additional info about Wealthsimple Risk Level 8 Reddit, check out the Wealthsimple site for answers to every one of your questions.