What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stock and crypto trading web app that distinguishes itself from its competitors by charging absolutely no fees.
A leading Canadian online financial services business launched in the Fall of twenty fourteen originally as a robo-advisor trading app called Wealthsimple Invest, it has grown significantly over the previous 8 years to also feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows investors to trade both individual stocks and ETFs without having to pay commissions. The exception to this is when you’re trading securities which are displayed in US Dollars. In this case, they charge a small currency conversion fee when buying and selling. But, gone are the times of having to pay more than $7 for each trade with discount brokerages as was the case only a couple years past.
How Much Cash do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is unique such that they will allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have large minimum deposit amounts of $1,000-$5,000. This makes it tough for the every day new investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Offer Registered Accounts?
Yes. Wealthsimple Trade has available CRA registered and non-registered accounts. One are able to select between both RRSP and TFSA account types in the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app that is offered to download on IOS and Google Play. The app makes the enrollment steps and trading of stocks and ETFs very a breeze.
But Is Wealthsimple Trade Secure?
. Wealthsimple Trade is safe. Wealthsimple reports over 15 billion CAD in Assets Under Management (AUM). This company has been expanding for more than 7 years and also right now employs over 600 Canadians. The main owner is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage operating in Canada.
But How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very simple to fund a new account. Just connect the app to a chequing or savings account with your Trade account, and then add money to your account in simply a few steps. Deposits from your bank to Wealthsimple usually take a couple of days. Funds can also be moved to a chequing or savings account by the exact same process.
What Other Benefits and Products Are Available?
Wealthsimple Cash – An equivalent to Interac e-Transfers which allow one to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax season and file your tax return online for free. It’s pitched as simple, accurate and always free tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which allows you to earn 1% cashback on your purchases, as well as get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a bunch of courses on topics like saving, investing, crypto, mortgages and more.
All of the mentioned features, including Wealthsimple Trade may be found within the app or from the website with a single login.
So How do I Begin With Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. For an exclusive registration bonus to our audience you will get the cash value of a share worth $25 up to $4,500 CAD when you add funds to your account.
So What if I Still Have Additional Questions Concerning Can You Buy Dogecoin On Wealthsimple?
If this review still hasn’t given you the answers to each of your questions, and you’re searching for further specific facts relating to Can You Buy Dogecoin On Wealthsimple, visit the Wealthsimple website to get answers to every one of your questions.