What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, stock and crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees.
A leading Canadian fintech business launched in the Autumn twenty fourteen originally as a robo advisor trading app called Wealthsimple Invest, it has changed significantly over the previous 8 years to include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian investors trade both single stocks and also ETFs without having to pay fees. The exception is when trading ETFs and stocks which are displayed in USD. In that case, they will charge a currency conversion fee both when buying and selling. But, past us are the days of having to pay Upwards of $7 per trade with digital discount brokerages as was normal just a couple years past.
Exactly How Much Cash Will I Need to Begin Investing on Wealthsimple Trade?
Wealthsimple is special such that they will allow new customers to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have sizeable min deposit amounts of 1k-5K. This makes it impossible for the normal investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade has both registered and non-registered accounts. One are free to select both RRSP and TFSA accounts in the setup process.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a modern mobile app available to download on both IOS and Google Play. The smartphone app makes the enrollment process and also the trading of stocks and ETFs very painless.
Is Wealthsimple Trade Secure?
For sure. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion Canadian of Assets Under Management (AUM). These folks have been expanding for more than 7 years and also right now employs over 600 people. The main shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees online discount brokerage to operate in Canada.
So How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very simple to add funds to a new account. Simply connect to a chequing or savings account with your Trade account, then add funds to your account in simply a few steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can just as easily be moved back to your chequing or savings account by the same method.
Which Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to e-transfers that allows anyone to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for this tax season and file your tax return online free. It’s advertised to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows one to get 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a ton of online courses on saving, investments, crypto, real estate and more.
Every one of the mentioned products, along with Wealthsimple Trade can be found inside the app or at the site with one login.
How Can I Start With Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For a special registration bonus for our readers you’ll get the cash value of a random Canadian stock worth $25 up to $4,500 Canadian once you add funds to your account.
What if I Still Have Additional Questions About Wealthsimple Glassdoor?
If this article still hasn’t answered all of your questions, and you’re still searching for more answers relating to Wealthsimple Glassdoor, go to the Wealthsimple website to find answers to every one of your questions.