Wealthsimple Review 2022: Wealthsimple Yearly Returns

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online investing, stocks plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees. 

A Toronto, Ontario based fintech business founded in the Autumn 2014 originally as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has grown considerably over the last eight years to include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers to trade both stand alone stocks and also ETFs without having to pay any commissions. The exception is when you’re trading stocks that are denominated in USD. In which case, they will charge a currency conversion fee both when buying and selling. But, gone are the days of paying more than $7 per each trade with online discount brokerages as was expected just a couple years ago.

Exactly How Much Cash Will I Need in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is cool in that they will allow new customers to make a minimum deposit of just $1. Most traditional banks and discount brokerages have large minimum deposit amounts of $1000-$5,000. This makes it hard for the common investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

They do. Wealthsimple Trade has both registered and non-CRA-registered account types. One can select between both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app that is offered to download on iOS and Google Play. The smartphone app makes the signup phase and the trading of stocks and ETFs truly a breeze.

Is Wealthsimple Trade Safe?

. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion CAD of Assets Under Management . This company has been in business for more than 7 years and employs about 600 people. The primary owner is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage to operate in Canada.

So How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to fund your account. Just connect a chequing or savings account to your Trade account, and add money to your account in just a few clicks. Deposits from banks to Wealthsimple normally take just a few days. Funds can the same way can be withdrawn your chequing or savings accounts using the same method.

What Other Benefits and Products Are Available?

Wealthsimple Cash – This is equivalent to E-transfers that allow one to quickly and simply send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid visa and savings product which allows one to recieve 1% cashback on all your spending, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which includes a ton of online courses on different topics such as saving, investments, crypto, home buying and more. 

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

But How do I Get Started With Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. For a special signup bonus offer for our audience you will get the cash value of a Canadian stock worth $25 up to $4,500 Canadian when you fund your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Yearly Returns?

If this review hasn’t answered each of your questions, and you’re searching for more facts relating to Wealthsimple Yearly Returns, go to the Wealthsimple site for answers to each your questions.