Wealthsimple Trade Review Reddit 2021: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, securities plus crypto trading app that sets itself apart from similar apps by charging no fees. 

A fintech company launched in the Autumn 2014 exclusively as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has improved significantly over the last 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets investors trade both single stocks and also ETFs without having to pay fees. The exception is when you’re trading stocks and ETFs that are listed in USD currency. In this case, they do charge a currency conversion fee when buying and selling. But, behind us are the days of having to pay more than $7 for each trade with online discount brokerages as was normal just a few years past.

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

Wealthsimple is cool such that they allow new customers to make a minimum deposit of just $1. The majority of traditional banks and brokerages have large initial deposit amounts of 1k-5K. This makes it impossible for the common new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

Of course. Wealthsimple Trade has both registered and non-registered accounts. One are able to select between both RRSP and TFSA account types during the setup phase. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app that is available to download on both Apple and also Google Play. The smartphone app makes the signup steps and also trading of stocks and ETFs super simple.

So Is Wealthsimple Trade Trustworthy?

Of course. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion CAD in Assets Under Management (AUM). They have been operating for more than 7 years and also employs more than 600 people. The controlling owner is the large public Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage operating in Canada.

How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly simple to deposit to an account. Simply connect the app to a chequing or savings account with your Trade account, and then fund your account in only a couple of steps. Deposits from financial institutions to Wealthsimple usually take a few days. Funds can also be moved to your chequing or savings accounts by using the same process.

What Other Benefits and Products Does Wealthsimple Offer?

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

Wealthsimple Tax – Everything you require to prepare for this tax season and submit your tax return online free. It’s pitched to be simple, accurate and always free tax return filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which lets you to earn 1% cashback on all your everyday purchases, and also earn a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which includes a bunch of online courses on saving, investments, crypto, real estate and more. 

Every one of the listed features, along with Wealthsimple Trade can be found in the app or on the website with a single login.

But How do I Begin With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For a special signup bonus to our readers you’ll get the cash value of a random stock valued at up to $4,500 Canadian as soon as you make an initial deposit to your account.

But What if I Still Have Additional Questions Concerning Fractional Shares Wealthsimple?

If this article still hasn’t answered all of your questions, and you’re browsing for further information relating to Wealthsimple Trade Review Reddit 2021, check out the Wealthsimple website to find answers to all your questions.

Wealthsimple Trade Review Reddit 2021: Complete Guide

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, stocks and crypto trading platform that sets itself apart from its competitors by charging no fees. 

A online financial services company launched in the Fall of 2014 originally as a robo advisor automated trading platform called Wealthsimple Invest, it has grown considerably over the previous 8 years to feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian consumers to trade stand alone stocks and ETFs without having to pay commissions. The exception is when you’re trading stocks and ETFs which are displayed in USD. In that case, they charge a small currency conversion fee both when buying and selling. But, behind us are the times of paying $7-12 for each trade with online discount brokerages as was the norm only a couple years ago.

How Much in Funds Will I Need to Have in Order to Get Started on Wealthsimple Trade?

Wealthsimple is unique such that they will allow new customers to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have large min deposit amounts of 1k-5K. This makes it difficult for the every day new investor to start investing. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade has available both registered and non-CRA-registered accounts. You can choose both RRSP and TFSA accounts during the setup process. 

So Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app offered to download on both IOS and also Android. The app makes the signup phase and also the trading of stocks and ETFs very easy.

But Is Wealthsimple Trade Secure?

Most definitely. Wealthsimple Trade is safe. Wealthsimple reports over 15 billion Canadian of Assets Under Management . This company has been in business for more than 7 years and at this time employs over 600 people. The main shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.

How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to add funds to an account. Just connect to a chequing or savings account to your Trade account, then add funds to your account in only a few clicks. Deposits from banks to Wealthsimple usually take a couple of days. Funds can also be withdrawn your chequing or savings accounts by using the exact same steps.

Which Other Features and Products Are Available?

Wealthsimple Cash – An equivalent to Interac E-Transfers which allows you to quickly and efficiently 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 advertised as simple, accurate and always totally free tax filing.

Wealthsimple Spend – A combination prepaid visa and savings product which allows one 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 education platform that includes a ton of different courses on different topics such as saving, investing, crypto, home buying and much more. 

Each of the listed features, along with Wealthsimple Trade can be accessed on the mobile app and at the site with one login.

But How Can I Start With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. For a special registration bonus to our audience you will get the cash value of a share valued at up to $4,500 Canadian when you deposit to your account.

What if I Still Have Additional Questions About Mint Access Token Wealthsimple?

If this review didn’t given you the answers to each of your questions, and you’re still looking for additional specific answers relating to Wealthsimple Trade Review Reddit 2021, check out the Wealthsimple website to get answers to each your questions.