Wealthsimple Crunchbase

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, stock plus crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees. 

A leading Canadian fintech company founded in Fall of 2014 exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has improved significantly over the last eight years to also feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows Canadian investors trade stand alone stocks and also ETFs without having to pay commissions. The exception to this is when you’re trading ETFs and stocks that are denominated in US Dollars. In which case, they will charge a small currency conversion fee both when buying and selling. However, gone are the days of having to pay Upwards of $7 per each trade with discount brokerages as was expected just a few years past.

How Much Money do I Need to Have in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is awesome in that they will allow investors to make a minimum deposit of just $1. Most alternative banks and brokerages have large initial deposit amounts of 1K-$5,000. This makes it tough for the normal investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

It does. Wealthsimple Trade has both CRA registered and non-CRA-registered accounts. One are able to select both RRSP and TFSA account types in the setup wizard. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is available to download on both IOS and also Google Play. The mobile app makes the enrollment process and trading of stocks and ETFs truly painless.

But Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . This company has been expanding for more than 7 years and right now employs more than 600 folks. The primary owner is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.

But How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly straight forward to deposit to your account. Simply connect the app to a chequing or savings account to your Trade account, then fund your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple typically take just a few days. Funds can just as easily be moved to your chequing or savings accounts with the exact same process.

What Additional Features and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac E-transfers which allow anyone to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for this tax season and submit your taxes online for free. It’s advertised as easy, accurate and always free income tax filing.

Wealthsimple Spend – A combination pre paid visa and savings product that lets one to get 1% cashback on all your everyday spending, and also earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a variety of different courses on different topics such as saving, investing, crypto, home buying and much more. 

Every one of the mentioned products, including Wealthsimple Trade can be accessed in the app and on the website with a single login.

So How do I Get Started Using Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As a special signup bonus for our audience you will get the equivalent cash value of a random share valued at up to $4,500 CAD when you add funds to your account.

So What if I Still Have Questions Concerning Wealthsimple Crunchbase?

If this blog post still hasn’t answered each of your questions, and you’re still looking for further answers relating to Wealthsimple Crunchbase, go to the Wealthsimple website for answers to all your questions.