Wealthsimple Customer Service

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, securities and crypto trading app that differentiates itself from similar apps by charging no fees. 

A Toronto, Ontario based fintech business founded in the Fall twenty fourteen exclusively as a robo advisor automated trading app named Wealthsimple Invest, it has changed substantially over the previous eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors trade both single stocks and ETFs without needing to pay commissions. The exception to this is when you’re trading securities which are denominated in US Dollars. In which case, they charge a small currency conversion fee when buying and selling. However, past us are the times of having to pay more than $7 per each trade with discount brokerages as was expected only a couple years ago.

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

Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large min deposit amounts of $1000-$5000. This makes it tough for the everyday investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade offers both registered and non-registered account types. One are able to choose both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is available to download on IOS and Android. The app makes the enrollment process and also the trading of stocks and ETFs incredibly painless.

So Is Wealthsimple Trade Trustworthy?

Of course. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . they’ve been doing business for more than 7 years and at this time employs about 600 people. The primary shareholder is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees online discount brokerage operating in Canada.

But How Do I Fund a Wealthsimple Trade Account?

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

What Additional Features and Products Are Available?

Wealthsimple Cash – This is equivalent to e-Transfers which allows you to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax year and file your taxes online free. It’s pitched to be simple, accurate and always free income tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a ton of different courses on different topics such as saving, investments, crypto, real estate and much more. 

Each of the above products, along with Wealthsimple Trade may be found in the app and at their site with a single login.

How Can I Begin With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As an exclusive registration bonus offer to our audience you’ll receive the equivalent cash value of a random Canadian stock worth up to $4,500 CAD as soon as you deposit to your account.

What if I Still Have Questions Related to Wealthsimple Customer Service?

If this review still hasn’t given you the answers to each of your questions, and you’re browsing for further specific facts about Wealthsimple Customer Service, check out the Wealthsimple website to find answers to all your questions.