What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading web app that sets itself apart from similar apps by charging no fees.
A fintech company founded in the Autumn 2014 originally as a robo-advisor algorithmic automated trading platform named Wealthsimple Invest, it has improved considerably over the past eight years to include Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets investors trade individual stocks and also ETFs without paying any commissions. The exception to this is when trading stocks that are displayed in USD currency. In that case, they charge a small currency conversion fee both when buying and selling. But, past us are the times of having to pay Upwards of $7 for each trade with discount brokerages as was expected just a few years ago.
How Much Money Will I Need to Have in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is special in that they will allow Canadians to make a minimum deposit of just $1. The majority of alternative banks and brokerages have quite large initial deposit amounts of $1,000-$5,000. This makes it difficult for the everyday investor to start investing. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
Of course. Wealthsimple Trade has available registered and non-registered accounts. One are able to select between both RRSP and TFSA accounts during the setup process.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app that is available to download on both Apple and Android. The mobile app makes the registration process and the trading of stocks and ETFs simple.
Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion CAD of Assets Under Management . This company has been operating for more than 7 years and also at this time employs over 600 folks. The primary shareholder is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage to operate in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly easy to add money to a new account. Just connect to a chequing or savings account with your Trade account, and fund your account in just a couple of steps. Deposits from banks to Wealthsimple usually take only a few days. Funds can also be moved to a chequing or savings accounts by using the exact same process.
Which Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac E-transfers that allows anyone to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax season and submit your taxes online free. It’s described to be easy, accurate and always free income tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product which lets you to get 1% cashback on your spending, and also earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different courses on different topics such as saving, investments, crypto, mortgages and more.
Each of the above products, along with Wealthsimple Trade can be accessed on the app or on their website with one login.
How Should I Begin With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As a special registration bonus to our readers you will receive the cash value of a random stock valued at up to $4,500 CAD when you deposit to your account.
But What if I Still Have Questions Related to Wealthsimple Ceo?
If this article didn’t given you the answers to each of your questions, and you’re still searching for additional facts relating to Wealthsimple Ceo, check out the Wealthsimple site to get answers to every one of your questions.