Wealthsimple

Wealthsimple - Reviews and experiences

Average rating
5.2 /10
Based on 18 reviews
Nov 2023-Apr 2024
Star distribution
50
42x
35x
28x
13x

Review transparency

Origin: voluntary submissions: no post-purchase invitations, no rewards
Verification: no standard purchase verification; basic checks against abuse
Moderation: spam/advertising/personal data is removed
Response & dispute: company can respond; users can report reviews via "Report review"

Reviews (18)

Investment review

Price

This investment company, eh, it's a total rip-off! I was thinking I'd be making some sweet cash with them, but instead, they're just skimming off the top and leaving me with crumbs, you know? Those monthly reports show that they're taking huge chunks in fees, way more than they should be. It's like they're trying to trick me into thinking I'm making money when really, I'm just lining their pockets. Stay away from them, total scam, eh!

Commission-free trading platform

Price

I got drawn in by the whole commission-free trading thing, but let me tell you, using this platform in Canada has been a total nightmare. The Canadian stocks they offer are really not that great, and the conversion rates for trading USA stocks are so crazy high that I've been losing a ton of money. Trying to do day trading or swing trading on here is like trying to swim upstream with all these fees. And on top of that, even after paying for their monthly service, they hit you with even more charges. This platform is just plain greedy, and I can't wait to switch to a better option like IBKR.

Online tax software

Price

So, this tax software used to be the go-to choice because it was super easy to use and didn't cost anything. But lately, they've made some changes that aren't so great. Before, you could file lots of tax returns for free, but now they've started charging if you want to file more than two. This came out of nowhere and has left a lot of customers feeling frustrated. Even though the software itself is still easy to use and gets the job done, those unexpected fees for extra returns are a big downer. Other companies like TurboTax have similar fee setups, but this sudden price change from this software is a letdown. The Canadian Revenue Agency is planning to roll out a free online tax-filing option soon, which might make these paid services a thing of the past.

Missing Money and High Fees

Price

They used to send my stacking money to me but now they don't and the fees are so high! I think you should try shopping at other places like Metamask or Coinbase or a dex like Petra in the aptos ecosystem.

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About Wealthsimple

Wealthsimple is a Canadian financial services provider founded in 2014. It offers a diverse range of financial products and services, including an automated investing service (often referred to as a robo-advisor), a commission-free stock trading platform, and a crypto asset trading platform. Wealthsimple's mission is to make investing accessible to everyone, regardless of their financial knowledge or investment amount. The company has rapidly grown to become one of the leading fintech firms in Canada, known for its user-friendly interface and emphasis on transparent, low-fee investing. Wealthsimple also provides financial planning and tax filing services, broadening its appeal to a wide range of customers seeking simplified financial management solutions.

Contact Information

20 Grosvenor Place

SW1X 7HN London

United Kingdom

📧 support@wealthsimple.com

☎ 0800 808 5653

🌐 wealthsimple.com

Categories Wealthsimple

Last update: November 29, 2024

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