Wealthsimple Review 2022: Wealthsimple Visa Reddit

What is Wealthsimple?

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

A online financial services company launched in Fall twenty fourteen exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown substantially over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers trade individual stocks and ETFs without having to pay commissions. The exception is when trading securities which are denominated in US Dollars. In that case, they charge a currency conversion fee when buying and selling. But, gone are the times of having to pay more than $7 for each trade with digital discount brokerages as was normal just a couple years past.

How Much in Funds Will I Need in Order to Get Started With Wealthsimple Trade?

Wealthsimple is cool such that they will allow new customers to make a minimum deposit of only $1. Many traditional banks and discount brokerages have large initial deposit amounts of 1K-5k. This makes it difficult for the every day investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade offers CRA registered and non-CRA-registered accounts. One may choose both RRSP and TFSA account types during the setup phase. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app available on both Apple and also Google Play. The mobile app makes the enrollment process and also trading of stocks and ETFs incredibly easy.

Is Wealthsimple Trade Legit?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion CAD in Assets Under Management . These folks have been expanding for more than 7 years and also at this time employs more than 600 Canadians. The primary owner is the respected publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to add money to your new account. Just connect the app to a chequing or savings account with your Trade account, then fund your account in simply a few steps. Deposits from financial institutions to Wealthsimple usually take only a couple of days. Funds can just as easily be withdrawn your chequing or savings accounts using the same method.

Which Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to e-Transfers that allow anyone to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax season and submit your taxes online for free. It’s described to be easy, accurate and always free tax filing.

Wealthsimple Spend – A combination pre paid visa and savings product that allows you to earn 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a ton of different courses on different topics such as saving, investments, crypto, mortgages and more. 

Each of the above features, including Wealthsimple Trade may be accessed in the mobile app or on the site with your Wealthsimple login.

But How Can I Get Started With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For a special signup bonus offer for our readers you’ll get the cash value of a Canadian stock valued at up to $4,500 CAD once you deposit to your account.

So What if I Still Have Questions Related to Wealthsimple Visa Reddit?

If this article hasn’t given you the answers to each of your questions, and you’re still looking for additional information relating to Wealthsimple Visa Reddit, visit the Wealthsimple website to get answers to all your questions.