Gic Wealthsimple

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, securities and crypto trading platform that distinguishes itself from the competition by charging absolutely no fees. 

A fintech company founded in the Fall twenty fourteen exclusively as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has changed substantially over the last eight years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets Canadian consumers trade both individual stocks and also ETFs without having to pay fees. The exception to this is when trading stocks which are denominated in US Dollars. In this case, they charge a nominal currency conversion fee when buying and selling. But, past us are the times of having to pay $7-12 for each trade with digital discount brokerages as was common just a couple years ago.

How Much in Funds do I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is special such that they will allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large initial deposit amounts of $1,000-5k. This makes it impossible for the common new investor to get started. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade offers registered and non-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 easy to use mobile app that is offered on both Apple and Google Play. The app makes the signup process and the trading of stocks and ETFs painless.

So Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion CAD in Assets Under Management . they’ve been in business for more than 7 years and also currently employs roughly 600 people. The primary shareholder is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it straight forward to deposit to your new account. Just connect to a chequing or savings account with your Trade account, and then add money to your account in just a couple of steps. Deposits from banks to Wealthsimple typically take only a couple of days. Funds can the same way can be moved to a chequing or savings accounts by using the exact same steps.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – An alternative to E-Transfers which allows anyone to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for tax year and submit your tax return online free. It’s described as simple, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which lets one to earn 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a ton of different online courses on saving, investing, crypto, mortgages and more. 

All of the above features, along with Wealthsimple Trade can be accessed in the app and at their website with your Wealthsimple login.

But How Can I Get Started With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As an exclusive signup bonus offer to our readers you will get the equivalent cash value of a share worth up to $4,500 Canadian when you fund your account.

But What if I Still Have Additional Questions About Gic Wealthsimple?

If this article hasn’t answered each of your questions, and you’re still browsing for more info relating to Gic Wealthsimple, visit the Wealthsimple site to get answers to each your questions.