Glassdoor Wealthsimple

What Exactly is Wealthsimple?

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

A Toronto, Ontario based fintech company launched in the Autumn twenty fourteen exclusively as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has evolved considerably over the past 8 years to also feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows investors to trade both individual stocks and also ETFs without needing to pay any fees. The exception to this is when you’re trading stocks that are denominated in US Dollars. In this case, they will charge a small currency conversion fee both when buying and selling. But, past us are the days of having to pay more than $7 per trade with online discount brokerages as was the case only a couple years past.

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

Wealthsimple is special such that they will allow Canadian investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have sizeable initial deposit amounts of 1K-$5000. This makes it difficult for the common investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade has both registered and non-registered accounts. You are able to select between both RRSP and TFSA account types in the setup wizard.

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app that is available on both IOS and Google Play. The smartphone app makes the enrollment steps and the trading of stocks and ETFs super simple.

So Is Wealthsimple Trade Safe?

. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian in Assets Under Management (AUM). they’ve been in business for more than 7 years and at this time employs over 600 people. The majority owner is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.

But How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so straight forward to add money to your new account. Simply connect the app to a chequing or savings account to your Trade account, then add funds to your account in just a couple of steps. Deposits from your bank to Wealthsimple normally take a few days. Funds can just as easily be withdrawn your chequing or savings account with the exact same method.

Which Additional Features and Products Are Available?

Wealthsimple Cash – An alternative to E-Transfers that allows anyone to quickly and easily send money to friends and family in Canada.

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

Wealthsimple Spend – A combination pre paid debit card and savings product which lets you to earn 1% cashback on your everyday spending, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a variety of different online courses on topics like saving, investments, crypto, home buying and much more.

Each of the listed products, along with Wealthsimple Trade may be accessed in the mobile app and from their site with a single login.

So How Can I Begin Using Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. As a special signup bonus for our readers you will get the cash value of a share worth $25 up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Questions Related to Glassdoor Wealthsimple?

If this review didn’t answered each of your questions, and you’re still searching for more answers about Glassdoor Wealthsimple, visit the Wealthsimple site for answers to each your questions.