Company Information

Get to know Wealthsimple

Founded in 2014 by Michael Katchen, Wealthsimple is a financial technology company with a mission to make powerful financial tools accessible to everyone. Initially launched as a robo-advisor offering managed investment portfolios, the company has since expanded its services significantly. Its platform now includes a commission-free stock and ETF trading service (Wealthsimple Trade), a cryptocurrency trading platform (Wealthsimple Crypto), a high-interest savings account (Wealthsimple Cash), and an online tax preparation service (Wealthsimple Tax). The company is headquartered in Toronto and is primarily backed by the Power Corporation of Canada group of companies.

Industry

Financial InvestmentPRIMARY
Financial Other Service

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Wealthsimple

Canada

Founded in

01 Jan 2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.