Wealthsimple Review 2022: Wealthsimple Support

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, stocks and crypto trading web app that differentiates itself from the competition by charging no fees. 

A fintech business founded in Autumn of 2014 originally as a robo-advisor automated trading platform called Wealthsimple Invest, it has grown substantially over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian consumers trade both single stocks and also ETFs without having to pay any fees. The exception is when you’re trading securities that are listed in US Dollars. In this case, they charge a currency conversion fee both when buying and selling. However, gone are the times of paying $7-12 per trade with online discount brokerages as was common only a couple years ago.

Exactly How Much Money do I Need in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is unique such that they will allow new customers to make a minimum deposit of just $1. Many alternative banks and brokerages have large min deposit amounts of $1,000-$5000. This makes it hard for the everyday new investor to start. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

It does. Wealthsimple Trade offers registered and non-registered accounts. One are free to select both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app available to download on IOS and also Android. The smartphone app makes the enrollment phase and also trading of stocks and ETFs incredibly a breeze.

Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion CAD in Assets Under Management (AUM). This company has been doing business for more than 7 years and also now employs over 600 people. The main owner is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee digital discount brokerage to operate in Canada.

But How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to add funds to your account. Just connect a chequing or savings account to your Trade account, then fund your account in just a few steps. Deposits from banks to Wealthsimple usually take only a couple of days. Funds can the same way can be moved to your chequing or savings accounts by the exact same process.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac e-Transfers that allows you to quickly and efficiently send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets you to earn 1% cashback on your everyday spending, as well as get a very competitive 1.5% interest on savings.

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

Every one of the above features, along with Wealthsimple Trade can be found on the app or at the website with one login.

But How Can I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive signup bonus offer to our readers you’ll get the equivalent cash value of a share valued at up to $4,500 CAD as soon as you deposit to your account.

But What if I Still Have Additional Questions Related to Wealthsimple Support?

If this review still hasn’t answered all of your questions, and you’re still searching for further specific facts about Wealthsimple Support, visit the Wealthsimple website for answers to every one of your questions.