Wealthsimple Review 2022: Wealthsimple Withdrawal Time

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, securities plus crypto trading web app that distinguishes itself from similar apps by charging no fees. 

A Toronto, Ontario based fintech business launched in Fall of 2014 exclusively as a robo-advisor trading app named Wealthsimple Invest, it has changed significantly over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets consumers to trade both individual stocks and ETFs without paying any commissions. The exception is when trading stocks and ETFs which are displayed in USD. In which case, they charge a small currency conversion fee both when buying and selling. But, gone are the times of paying $7-12 for each trade with online discount brokerages as was the case a couple years ago.

How Much Cash Will I Need to Start Investing With Wealthsimple Trade?

Wealthsimple is awesome such that they will allow Canadians to make a minimum deposit of just $1. Many alternative banks and discount brokerages have sizeable minimum deposit amounts of $1,000-5K. This makes it difficult for the typical investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade has both CRA registered and non-CRA-registered accounts. One can select both RRSP and TFSA accounts in the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is available on both iOS and Google Play. The smartphone app makes the registration phase and trading of stocks and ETFs super simple.

But Is Wealthsimple Trade Safe?

Definitely. Wealthsimple Trade is legit. Wealthsimple reports more than 15 billion CAD of Assets Under Management (AUM). This company has been expanding for more than 7 years and right now employs roughly 600 people. The majority shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

But How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite simple to add money to your new account. Simply connect to a chequing or savings account with your Trade account, and then fund your account in simply a few clicks. Deposits from your bank to Wealthsimple typically take just a few days. Funds can also be withdrawn a chequing or savings accounts by the exact same process.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to e-transfers which allow anyone to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax season and file your tax return online for free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets you to earn 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest on savings.

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

Every one of the above products, along with Wealthsimple Trade can be accessed inside the app and from their site with one login.

But How Can I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you’ll receive the equivalent cash value of a Canadian stock worth $25 up to $4,500 CAD once you make an initial deposit to your account.

So What if I Still Have Questions About Wealthsimple Withdrawal Time?

If this blog post didn’t answered each of your questions, and you’re searching for further specific information about Wealthsimple Withdrawal Time, check out the Wealthsimple site to get answers to each your questions.