Wealthsimple Review 2022: Wealthsimple Yahoo Finance

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital investing, stock and crypto trading platform that differentiates itself from other apps by charging absolutely no fees. 

A leading Canadian fintech business launched in the Fall 2014 exclusively as a robo-advisor automated trading app called Wealthsimple Invest, it has evolved considerably over the last eight years to also feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers to trade stand alone stocks and ETFs without having to pay commissions. The exception is when you’re trading securities that are listed in USD. In that case, they will charge a currency conversion fee when buying and selling. However, past us are the times of having to pay more than $7 per each trade with discount brokerages as was the norm just a few years ago.

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

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. Many traditional banks and brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it impossible for the normal new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

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

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app offered on IOS and also Android. The smartphone app makes the registration process and also trading of stocks and ETFs truly painless.

Is Wealthsimple Trade Secure?

For sure. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management . they’ve been doing business for more than 7 years and at this time employs roughly 600 folks. The majority shareholder is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee digital discount brokerage to operate in Canada.

So How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very simple to add money to your account. Simply connect a chequing or savings account to your Trade account, then fund your account in just a couple of steps. Deposits from banks to Wealthsimple typically take a few days. Funds can just as easily be withdrawn your chequing or savings account using the exact same steps.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac e-Transfers which allows anyone to quickly and efficiently send money to friends and family in Canada.

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

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

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

Every one of the mentioned products, including Wealthsimple Trade can be accessed in the app or on their site with one login.

But How do I Begin With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For a special registration bonus for our audience you will get the cash value of a random stock worth up to $4,500 CAD when you deposit to your account.

So What if I Still Have Additional Questions About Wealthsimple Yahoo Finance?

If this blog post hasn’t given you the answers to all of your questions, and you’re still searching for more specific info relating to Wealthsimple Yahoo Finance, check out the Wealthsimple site for answers to each your questions.