Wealthsimple Trade full review
Are you a Canadian looking for a low-cost brokerage firm where you find confidence and the right tools to invest your money? Then, check out the Wealthsimple Trade review.
Wealthsimple Trade review
Check out our Wealthsimple Trade review to learn more about it! So, the Wealthsimple is a low-cost innovative investment account that features a mobile app full of tools and resources.
Plus, it is the only company in Canada to offer commission-free stocks and ETFs trading.
Also, you can trade both major Canadian and U.S. exchange-traded funds.
|Trading fees||$0 for stocks, ETFs|
|Promotion||1 free stock|
Bonus of up to $25 when investing $100
|Investment choices||Stocks, ETFs and some cryptocurrency|
How does Wealthsimple Trade work?
Wealthsimple lives up to its name. It offers a simple and secure way for you to invest with control and confidence.
The app is one of the best in the market, with good reviews at Apple Store and Google Play. Plus, you can build your portfolio on your own but get all the help you need through the process.
The highlight of it is definitely the costs. This brokerage firm charges zero commission fees for stocks and ETFs. And it is the first and only broker in Canada to do it.
So, if you are a new investor or a frequent one, you should consider investing your money at Wealthsimple Trade.
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Wealthsimple Trade benefits
First of all, it doesn’t charge commission fees and offers free access to stocks and North America’s ETFs.
Second of all, by signing up, you get a free stock and a bonus as a promotion.
Third of all, the mobile app is straightforward to use, so you can build and manage your portfolio as you wish.
Finally, Wealthsimple is a big Canadian brand that you can rely on and trust, a good thing when you think about investing your money, right?
But you must be wondering, are there disadvantages? If you are searching for more investment choices, this brokerage firm may not deliver them, as it offers only stocks, ETFs, and some crypto trading.
Plus, some say that the desktop platform is not that good as the mobile app.
- Commission-free investment account
- No account minimum required
- Great mobile app
- It offers a promotion when you join it
- Good and high ranked customer service and assistance
- Limited investment choices
- Desktop version platform not as good as the app
- Limited research
Should you join Wealthsimple Trade?
Whether you are a new or a frequent investor, Wealthsimple Trade offers a great deal in investment choices with low costs and a great tool.
Can anyone open a Wealthsimple Trade account?
Anyone who lives in Canada and is over 18 years old. It also requires a SIN to verify identity. Plus, it doesn’t require a credit check for the opening account.
How to open a Wealthsimple Trade account?
Are you interested in opening an account at Wealthsimple Trade? Then, read our next post, we will explain the process to you!
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