Investing For Canadians in 2021: My Review of Wealthsimple Trade
An investing solution for people who want to invest, but not sure where to start.
The idea of buying stocks on my own has always been intimidating. Most of my life, I’ve basically walked into a bank, talked to a financial advisor, told him or her what I needed and ended the conversation with, “Sure, that sounds good!”
Fast forward to 2021 and I can finally say that I now have the confidence to independently choose what stocks and ETFs I want to invest in.
For those who are reading, you might already be skeptical of the idea of a trading app. Yes, I also once questioned the safety of it and whether or not it was actually legitimate.
Wealthsimple Trade is Canada’s first commission-free trading platform and it is an extremely trustworthy and reputable brand. Many famous people have invested into the company and it currently has nearly 2 million customers.
Just like the big banks, it is regulated by the IIROC (Investment Industry Regulatory Organization of Canada) and the CIPF (Canadian Investor Protection Fund) — which is a huge plus.
Not convinced? Here are some more things I have discovered about the app and you can decide whether or not it’s right for you.
