Wealthsimple Roundup Review: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian digital investing, stock and crypto trading platform that distinguishes itself from the competition by charging no fees. 

A leading Canadian online financial services business founded in the Autumn of twenty fourteen originally as a robo-advisor trading app called Wealthsimple Invest, it has grown substantially over the previous 8 years to also include Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors trade stand alone stocks and also ETFs without having to pay any commissions. The exception is when trading securities that are listed in USD currency. In this case, they charge a nominal currency conversion fee when buying and selling. However, past us are the days of paying more than $7 per trade with digital discount brokerages as was normal just a couple years ago.

Exactly How Much Cash do I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of $1,000-5k. This makes it difficult for the common new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade offers registered and non-registered accounts. One are free to choose between both RRSP and TFSA account types in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app offered to download on both Apple and also Google Play. The smartphone app makes the enrollment steps and trading of stocks and ETFs super simple.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion Canadian in Assets Under Management (AUM). This company has been doing business for more than 7 years and also employs about 600 people. The majority owner is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage operating in Canada.

So How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it easy to deposit to your new account. Simply connect the app to a chequing or savings account to your Trade account, then add funds to your account in only a few steps. Deposits from financial institutions to Wealthsimple usually take just a few days. Funds can just as easily be moved to your chequing or savings accounts with the exact same method.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers that allow one to quickly and easily send cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets you to recieve 1% cashback on your spending, as well as earn a very competitive 1.5% interest rate on savings.

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

All of the listed products, including Wealthsimple Trade may be found in the app and on the website with a single login.

So How do I Begin Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will receive the equivalent cash value of a random stock worth up to $4,500 Canadian when you fund your account.

So What if I Still Have Additional Questions Concerning Ethereum Wealthsimple?

If this review didn’t given you the answers to all of your questions, and you’re searching for further specific info relating to Wealthsimple Roundup Review, go to the Wealthsimple site to get answers to all your questions.