Wealthsimple Hiring Freeze

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stocks and crypto trading web app that sets itself apart from other apps by charging absolutely no fees. 

A leading Canadian online financial services company founded in the Autumn 2014 exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has grown considerably over the last eight years to include Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors trade stand alone stocks and also ETFs without needing to pay any commissions. The exception to this is when you’re trading securities that are denominated in US Dollars. In this case, they charge a small currency conversion fee both when buying and selling. However, gone are the days of paying Upwards of $7 per each trade with online discount brokerages as was the norm a few years ago.

Exactly How Much in Funds do I Need to Have to Begin Investing With Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadians to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have large min deposit amounts of $1000-$5,000. This makes it difficult for the every day investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

It does. Wealthsimple Trade has both CRA registered and non-registered accounts. You may choose between 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 available to download on IOS and also Android. The app makes the enrollment phase and also the trading of stocks and ETFs super simple.

Is Wealthsimple Trade Legit?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion CAD in Assets Under Management . They have been in business for more than 7 years and also now employs roughly 600 Canadians. The main owner is the admired publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it very simple to add funds to a new account. Simply connect to a chequing or savings account to your Trade account, and add funds to your account in only a few clicks. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can just as easily be moved back to a chequing or savings accounts by using the exact same process.

Which Additional Features and Products Are Available?

Wealthsimple Cash – This is alternative to e-transfers that allow anyone to quickly and easily transfer money to friends and family in Canada.

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

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

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

Each of the above features, including Wealthsimple Trade can be accessed inside the mobile app or on their site with your Wealthsimple login.

How Should I Get Started Using Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. As a special registration bonus offer to our readers you’ll receive the cash value of a random share valued at up to $4,500 Canadian once you fund your account.

What if I Still Have Questions Related to Wealthsimple Hiring Freeze?

If this review still hasn’t answered all of your questions, and you’re browsing for additional information relating to Wealthsimple Hiring Freeze, go to the Wealthsimple site for answers to each your questions.