What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian online investing, securities and crypto trading platform that differentiates itself from other apps by charging absolutely no fees.
A leading Canadian fintech company founded in the Autumn of 2014 exclusively as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has improved substantially over the previous 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows Canadian consumers to trade both single stocks and also ETFs without having to pay commissions. The exception to this is when trading stocks and ETFs that are denominated in USD. In that case, they charge a currency conversion fee when buying and selling. But, past us are the days of having to pay $7-12 per each trade with discount brokerages as was common just a few years ago.
Exactly How Much Cash do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is special such that they will allow new customers to make a minimum deposit of only $1. Many traditional banks and discount brokerages have sizeable min deposit amounts of $1,000-$5,000. This makes it hard for the typical investor to get started. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Offer RRSP Accounts?
Of course. Wealthsimple Trade has both registered and non-CRA-registered accounts. One may select between both RRSP and TFSA accounts during the setup process.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app offered on Apple and also Android. The app makes the signup process and the trading of stocks and ETFs very easy.
So Is Wealthsimple Trade Legit?
Of course. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion CAD of Assets Under Management (AUM). they’ve been doing business for more than 7 years and at this time employs roughly 600 folks. The controlling shareholder is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage operating in Canada.
How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so simple to add funds to a new account. Simply connect a chequing or savings account with your Trade account, then fund your account in only a few steps. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can the same way can be withdrawn your chequing or savings account through the same steps.
Which Other Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An alternative to e-Transfers which allow you to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for tax year and file your taxes online for free. It’s pitched as easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product which lets one to recieve 1% cashback on all your everyday purchases, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of different courses on different topics such as saving, investing, crypto, mortgages and more.
Every one of the mentioned features, along with Wealthsimple Trade can be accessed on the mobile app and on their site with a single login.
So How Can I Start With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As an exclusive signup bonus to our audience you’ll get the cash value of a share worth up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Questions Concerning Wealthsimple Canada Login?
If this review hasn’t given you the answers to all of your questions, and you’re still browsing for additional specific answers relating to Wealthsimple Canada Login, go to the Wealthsimple website to find answers to every one of your questions.