What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stocks plus crypto trading platform that distinguishes itself from similar apps by charging absolutely no fees.
A Toronto, Ontario based online financial services business launched in Fall twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has evolved considerably over the last 8 years to feature Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows Canadian consumers to trade both individual stocks and also ETFs without paying fees. The exception to this is when trading ETFs and stocks which are denominated in USD currency. In this case, they charge a small currency conversion fee when buying and selling. But, past us are the times of paying $7-12 per each trade with online discount brokerages as was the norm a couple years ago.
How Much in Funds do I Need in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is cool such that they will allow Canadians to make a minimum deposit of only $1. Many alternative banks and discount brokerages have quite large minimum deposit amounts of 1K-5K. This makes it tough for the normal new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Of course. Wealthsimple Trade offers registered and non-registered account types. You can select both RRSP and TFSA account types in the setup wizard.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app available on Apple and also Google Play. The mobile app makes the enrollment steps and also trading of stocks and ETFs truly painless.
Is Wealthsimple Trade Trustworthy?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts more than 15 billion CAD of Assets Under Management (AUM). This company has been operating for more than 7 years and currently employs more than 600 people. The majority shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.
How Does One Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very easy to add funds to an account. Just connect the app to a chequing or savings account with your Trade account, and add money to your account in just a few clicks. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can the same way can be withdrawn your chequing or savings account using the same method.
What Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to E-Transfers that allow anyone to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax year and submit your tax return online for free. It’s pitched as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account which allows you to get 1% cashback on your purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a variety of different courses on different topics such as saving, investing, crypto, home buying and more.
Each of the mentioned products, along with Wealthsimple Trade may be accessed on the mobile app or from the website with a single login.
So How Can I Start With Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. For an exclusive signup bonus offer for our audience you will get the equivalent cash value of a random stock worth up to $4,500 Canadian once you make an initial deposit to your account.
But What if I Still Have Questions Concerning Buy Bitcoin Wealthsimple?
If this review didn’t answered each of your questions, and you’re searching for additional specific information relating to Buy Bitcoin Wealthsimple, go to the Wealthsimple website to get answers to all your questions.