Wealthsimple Negative Reviews

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock and crypto trading app that sets itself apart from other apps by charging no fees.

A leading Canadian fintech company founded in the Autumn twenty fourteen originally as a robo advisor algorithmic trading app called Wealthsimple Invest, it has improved considerably over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors to trade single stocks and also ETFs without having to pay fees. The exception to this is when trading securities that are denominated in USD. In that case, they charge a nominal currency conversion fee when buying and selling. But, behind us are the times of having to pay more than $7 per each trade with online discount brokerages as was the case just a few years ago.

Exactly How Much Cash Will I Need to Get Started on Wealthsimple Trade?

Wealthsimple is awesome in that they allow new customers to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large initial deposit amounts of $1000-5K. This makes it difficult for the common investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade has available both registered and non-CRA-registered accounts. One are free to select between both RRSP and TFSA account types in the setup phase.

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app offered to download on IOS and also Google Play. The mobile app makes the signup process and trading of stocks and ETFs super a breeze.

So Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is safe. Wealthsimple has over 15 billion Canadian of Assets Under Management . These folks have been expanding for more than 7 years and employs more than 600 people. The main owner is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.

So How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to fund a new account. Just connect the app to a chequing or savings account with your Trade account, then add funds to your account in only a few steps. Deposits from financial institutions to Wealthsimple usually take just a couple of days. Funds can also be withdrawn your chequing or savings accounts with the same method.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac e-transfers which allow anyone to quickly and simply transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings product which lets you to recieve 1% cashback on your everyday spending, and also get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a bunch of online courses on topics like saving, investments, crypto, real estate and more.

All of the listed features, including Wealthsimple Trade can be accessed within the mobile app or at the website with a single login.

So How do I Start With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For a special registration bonus offer for our audience you will get the cash value of a random share worth up to $4,500 CAD when you make an initial deposit to your account.

What if I Still Have Questions Concerning Wealthsimple Negative Reviews?

If this article didn’t given you the answers to each of your questions, and you’re still searching for further specific facts about Wealthsimple Negative Reviews, go to the Wealthsimple site to find answers to every one of your questions.