Wealthsimple Email

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stocks plus crypto trading platform that distinguishes itself from the competition by charging no fees. 

A Toronto, Ontario based fintech business launched in the Autumn twenty fourteen exclusively as a robo advisor trading platform named Wealthsimple Invest, it has improved substantially over the last 8 years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian consumers to trade single stocks and also ETFs without paying fees. The exception to this is when trading securities that are displayed in USD. In that case, they do charge a small currency conversion fee when buying and selling. However, behind us are the times of paying more than $7 per each trade with discount brokerages as was normal just a couple years past.

Exactly How Much Cash do I Need to Start on Wealthsimple Trade?

Wealthsimple is special in that they will allow Canadian investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of 1k-5k. This makes it impossible for the every day investor to start investing. With Wealthsimple Trade, you don’t have to already be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade has available both registered and non-registered account types. You are free to choose both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app offered to download on both iOS and also Google Play. The app makes the signup process and also trading of stocks and ETFs truly easy.

So Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). This company has been in business for more than 7 years and at this time employs about 600 Canadians. The main owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it simple to deposit to an account. Just connect a chequing or savings account to your Trade account, and add funds to your account in only a couple of steps. Deposits from banks to Wealthsimple typically take only a few days. Funds can also be moved back to a chequing or savings accounts by the same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to E-transfers which allow anyone to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax year and file your taxes online free. It’s advertised to be easy, accurate and always free tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which allows you to get 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of online courses on saving, investments, crypto, home buying and more. 

Every one of the above products, including Wealthsimple Trade can be found on the app and on the website with one login.

So How Should I Start Using Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll receive the equivalent cash value of a share valued at up to $4,500 CAD when you add funds to your account.

So What if I Still Have Additional Questions Related to Wealthsimple Email?

If this review hasn’t given you the answers to all of your questions, and you’re looking for further specific information about Wealthsimple Email, visit the Wealthsimple site to find answers to each your questions.