Wealthsimple Review 2022: Wealthsimple Time Zone

What is Wealthsimple?

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

A Toronto, Ontario based online financial services business launched in Autumn twenty fourteen exclusively as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has changed considerably over the previous 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets investors trade both individual stocks and also ETFs without paying fees. The exception is when you’re trading securities which are listed in US Dollars. In this case, they charge a currency conversion fee when buying and selling. But, past us are the times of paying more than $7 per trade with online discount brokerages as was normal only a few years ago.

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

Wealthsimple is special in that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have large minimum deposit amounts of $1,000-5k. This makes it tough for the typical investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

They do. Wealthsimple Trade offers both registered and non-registered accounts. You are free to choose between both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app available on both Apple and also Google Play. The app makes the enrollment phase and trading of stocks and ETFs super easy.

Is Wealthsimple Trade Secure?

For sure. Wealthsimple Trade is legit. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . These folks have been in business for more than 7 years and also currently employs about 600 people. The primary owner is the large publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage operating in Canada.

How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so straight forward to add funds to an account. Simply connect the app to a chequing or savings account to your Trade account, and then fund your account in just a few clicks. Deposits from banks to Wealthsimple typically take only a few days. Funds can also be moved to your chequing or savings account by using the same steps.

Which Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to Interac e-transfers which allow anyone to quickly and efficiently send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid visa and savings account which lets you to earn 1% cashback on all your spending, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a bunch of different online courses on topics like saving, investments, crypto, home buying and much more. 

Each of the mentioned products, including Wealthsimple Trade may be accessed in the app or on the website with one login.

How Can I Begin With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For an exclusive registration bonus to our audience you will get the equivalent cash value of a share valued at up to $4,500 Canadian once you fund your account.

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

If this blog post still hasn’t given you the answers to each of your questions, and you’re searching for more specific answers relating to Wealthsimple Time Zone, go to the Wealthsimple website to get answers to each your questions.