What is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, stocks plus crypto trading platform that sets itself apart from the competition by charging absolutely no fees.
A online financial services company founded in Fall 2014 originally as a robo-advisor automated trading app called Wealthsimple Invest, it has grown considerably over the past eight years to include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets investors to trade both stand alone stocks and also ETFs without needing to pay any fees. The exception is when you’re trading stocks that are displayed in USD currency. In that case, they will charge a nominal currency conversion fee when buying and selling. However, past us are the days of paying $7-12 per trade with discount brokerages as was the case just a few years past.
Exactly How Much Cash Will I Need in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of just $1. Most alternative banks and discount brokerages have large minimum deposit amounts of 1K-5K. This makes it hard for the normal investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade has available both registered and non-registered accounts. One may select both RRSP and TFSA accounts during the setup wizard.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app that is available to download on both Apple and Android. The smartphone app makes the enrollment steps and trading of stocks and ETFs truly simple.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion CAD of Assets Under Management (AUM). they’ve been expanding for more than 7 years and at this time employs more than 600 Canadians. The primary owner is the large publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees online discount brokerage to operate in Canada.
How Does One Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so simple to deposit to your account. Simply connect the app to a chequing or savings account with your Trade account, and then add funds to your account in only a few steps. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by using the exact same process.
What Other Features and Products Are Available?
Wealthsimple Cash – An alternative to Interac e-transfers that allow one to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax year and file your tax return online free. It’s described as easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product that allows one to earn 1% cashback on your spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a bunch of different courses on saving, investing, crypto, mortgages and more.
Every one of the listed features, including Wealthsimple Trade may be accessed inside the app or from their website with a single login.
But How Should I Start With Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. As a special signup bonus offer for our readers you’ll receive the equivalent cash value of a random stock valued at $25 up to $4,500 CAD once you add funds to your account.
What if I Still Have Additional Questions Concerning Etf Fees Wealthsimple?
If this article hasn’t answered each of your questions, and you’re browsing for additional facts about Etf Fees Wealthsimple, check out the Wealthsimple website to get answers to all your questions.