What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stocks plus crypto trading app that sets itself apart from other apps by charging absolutely no fees.
A online financial services company launched in the Fall of twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has changed considerably over the previous eight years to include Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets consumers trade both individual stocks and also ETFs without having to pay fees. The exception to this is when you’re trading ETFs and stocks that are displayed in USD currency. In which case, they do charge a nominal currency conversion fee both when buying and selling. However, past us are the times of paying more than $7 per trade with online discount brokerages as was the norm a couple years ago.
How Much Cash do I Need in Order to Start on Wealthsimple Trade?
Wealthsimple is cool such that they will allow Canadians to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have sizeable minimum deposit amounts of $1,000-$5000. This makes it hard for the typical new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
Yes. Wealthsimple Trade offers registered and non-registered account types. You are able to choose both RRSP and TFSA accounts in the setup process.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app available on iOS and Android. The mobile app makes the registration phase and also trading of stocks and ETFs truly simple.
So Is Wealthsimple Trade Trustworthy?
For sure. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . they’ve been expanding for more than 7 years and right now employs over 600 people. The majority owner is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage operating in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to deposit to your new account. Just connect to a chequing or savings account to your Trade account, and then fund your account in simply a few clicks. Deposits from banks to Wealthsimple typically take a couple of days. Funds can just as easily be withdrawn your chequing or savings accounts by the exact same steps.
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 cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax season and file your taxes online for free. It’s pitched as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account that lets you to recieve 1% cashback on your purchases, as well as get a competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a bunch of different online courses on saving, investments, crypto, mortgages and more.
Each of the mentioned products, including Wealthsimple Trade can be accessed on the app and from their website with your Wealthsimple login.
But How Can I Begin Using Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. For an exclusive registration bonus offer to our audience you’ll get the equivalent cash value of a random share worth up to $4,500 Canadian when you make an initial deposit to your account.
So What if I Still Have Additional Questions Concerning Greedyrates Wealthsimple?
If this review hasn’t given you the answers to each of your questions, and you’re searching for additional specific facts relating to Greedyrates Wealthsimple, visit the Wealthsimple website to get answers to all your questions.