What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stock plus crypto trading web app that differentiates itself from its competitors by charging no fees.
A Toronto, Ontario based online financial services company launched in Autumn twenty fourteen originally as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has grown substantially over the previous 8 years to also feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers trade both individual stocks and also ETFs without needing to pay fees. The exception is when trading stocks which are displayed in USD. In that case, they do charge a currency conversion fee when buying and selling. But, behind us are the times of having to pay more than $7 per each trade with discount brokerages as was the case only a few years past.
How Much Cash Will I Need in Order to Get Started on Wealthsimple Trade?
Wealthsimple is unique in that they allow Canadians to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have quite large minimum deposit amounts of $1000-5K. This makes it tough for the every day new investor to start. With Wealthsimple Trade, one doesn’t need to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
It does. Wealthsimple Trade has both registered and non-registered account types. One may select both RRSP and TFSA account types in the setup wizard.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app that is offered to download on iOS and also Google Play. The app makes the enrollment steps and trading of stocks and ETFs incredibly easy.
But Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion CAD of Assets Under Management . This company has been expanding for more than 7 years and now employs over 600 people. The main shareholder is the public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage operating in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite simple to fund your account. Just connect a chequing or savings account with your Trade account, then add funds to your account in simply a couple of steps. Deposits from financial institutions to Wealthsimple usually take a couple of days. Funds can also be moved back to your chequing or savings account by the same steps.
What Other Features and Products Are Available?
Wealthsimple Cash – This is alternative to Interac E-transfers that allows anyone to quickly and simply send 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 for free. It’s pitched as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings product that lets you to get 1% cashback on all your everyday purchases, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of different courses on saving, investing, crypto, home buying and more.
All of the mentioned features, along with Wealthsimple Trade may be accessed on the app or on their website with one login.
So How Can I Get Started With Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For a special registration bonus for our readers you will receive the cash value of a random Canadian stock worth up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Questions Related to Get Free Stock Wealthsimple?
If this blog post didn’t given you the answers to all of your questions, and you’re still searching for further answers relating to Get Free Stock Wealthsimple, visit the Wealthsimple website to find answers to each your questions.