Is Wealthsimple Good Reddit

What Exactly is Wealthsimple?

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

A online financial services business founded in Autumn twenty fourteen exclusively as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has improved substantially over the past 8 years to include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets consumers to trade single stocks and also ETFs without needing to pay commissions. The exception to this is when trading ETFs and stocks that are displayed in US Dollars. In which case, they will charge a small currency conversion fee when buying and selling. However, gone are the times of having to pay $7-12 per each trade with discount brokerages as was normal just a few years ago.

Exactly How Much Cash do I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is unique such that they allow new customers to make a minimum deposit of only $1. Most traditional banks and brokerages have quite large initial deposit amounts of $1000-5K. This makes it hard for the normal investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

It does. Wealthsimple Trade has registered and non-registered account types. You are able to choose between both RRSP and TFSA account types during the setup wizard. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app available on both Apple and also Android. The mobile app makes the registration phase and the trading of stocks and ETFs truly easy.

But Is Wealthsimple Trade Safe?

For sure. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion Canadian of Assets Under Management (AUM). These folks have been doing business for more than 7 years and also currently employs more than 600 people. The primary shareholder is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage operating in Canada.

How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so simple to deposit to your account. Just connect to a chequing or savings account with your Trade account, and then add money to your account in simply a couple of steps. Deposits from financial institutions to Wealthsimple usually take a couple of days. Funds can the same way can be moved to your chequing or savings account with the exact same method.

What Additional Features and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac e-transfers which allows you to quickly and simply transfer 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 pitched to be easy, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings account that allows you to get 1% cashback on your purchases, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a ton of online courses on topics like saving, investments, crypto, home buying and more. 

Every one of the mentioned features, along with Wealthsimple Trade may be accessed on the app or at the website with a single login.

But How Should I Begin Using Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will receive the cash value of a Canadian stock worth $25 up to $4,500 CAD as soon as you make an initial deposit to your account.

But What if I Still Have Additional Questions Concerning Is Wealthsimple Good Reddit?

If this review hasn’t given you the answers to all of your questions, and you’re looking for more info about Is Wealthsimple Good Reddit, visit the Wealthsimple website to get answers to every one of your questions.