Wealthsimple Review 2022: Zfl Stock Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, securities and crypto trading platform that sets itself apart from similar apps by charging absolutely no fees. 

A leading Canadian fintech company founded in Autumn of 2014 originally as a robo-advisor trading app named Wealthsimple Invest, it has grown considerably over the past 8 years to also include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows Canadian investors to trade stand alone stocks and ETFs without having to pay any fees. The exception to this is when trading ETFs and stocks that are listed in USD. In that case, they charge a nominal currency conversion fee both when buying and selling. However, behind us are the times of having to pay $7-12 per trade with discount brokerages as was the case a few years past.

How Much Money do I Need to Have to Get Started With Wealthsimple Trade?

Wealthsimple is unique in that they will allow new customers to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable min deposit amounts of $1000-5k. This makes it tough for the common investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade has both CRA registered and non-registered account types. You are free to choose both RRSP and TFSA account types during the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app available to download on Apple and Android. The mobile app makes the enrollment process and also the trading of stocks and ETFs incredibly easy.

So Is Wealthsimple Trade Legit?

Of course. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . they’ve been expanding for more than 7 years and now employs more than 600 folks. The main owner is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.

But How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very simple to add money to your new account. Just connect to a chequing or savings account to your Trade account, and then fund your account in just a few clicks. Deposits from your bank to Wealthsimple normally take a couple of days. Funds can just as easily be moved back to your chequing or savings account by using the same steps.

Which Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac E-transfers that allows you to quickly and efficiently send cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings product which allows you to earn 1% cashback on all your spending, and also get a competitive 1.5% interest rate on savings.

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

All of the above features, including Wealthsimple Trade may be found within the app or from their website with a single login.

But How Can I Get Started With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. For an exclusive registration bonus offer to our audience you’ll get the equivalent cash value of a random stock valued at up to $4,500 CAD once you fund your account.

What if I Still Have Questions About Zfl Stock Wealthsimple?

If this article hasn’t answered each of your questions, and you’re still looking for more specific answers about Zfl Stock Wealthsimple, check out the Wealthsimple site for answers to each your questions.