What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading web app that distinguishes itself from other apps by charging no fees.
A Toronto, Ontario based online financial services business founded in Autumn 2014 originally as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has improved substantially over the last eight years to also include Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets consumers trade stand alone stocks and also ETFs without paying fees. The exception is when trading securities that are listed in USD. In this case, they charge a nominal currency conversion fee when buying and selling. However, behind us are the days of paying $7-12 per trade with online discount brokerages as was the case a couple years past.
Exactly How Much Cash Will I Need in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is special in that they will allow Canadians to make a minimum deposit of just $1. Many traditional banks and brokerages have large min deposit amounts of 1k-5K. This makes it tough for the common new investor to get started. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-CRA-registered account types. You can choose between both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app available on both Apple and also Android. The smartphone app makes the signup process and also trading of stocks and ETFs very a breeze.
But Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management (AUM). These folks have been doing business for more than 7 years and also currently employs over 600 people. The controlling shareholder is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage to operate in Canada.
So How Can I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to fund your account. Just connect a chequing or savings account with your Trade account, and add money to your account in just a few steps. Deposits from your bank to Wealthsimple normally take just a couple of days. Funds can the same way can be moved back to a chequing or savings account using the exact same method.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to E-transfers which allows you to quickly and easily transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax year and file your taxes online for free. It’s advertised to be simple, accurate and always free tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which allows one to earn 1% cashback on your spending, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a ton of courses on different topics such as saving, investing, crypto, real estate and more.
Each of the above features, including Wealthsimple Trade can be found on the app or at their website with your Wealthsimple login.
But How Can I Begin With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. As an exclusive registration bonus to our readers you will get the equivalent cash value of a stock valued at $25 up to $4,500 CAD as soon as you deposit to your account.
But What if I Still Have Additional Questions About Wealthsimple Gme Dividend?
If this article didn’t given you the answers to each of your questions, and you’re looking for additional specific info relating to Wealthsimple Gme Dividend, check out the Wealthsimple website to get answers to every one of your questions.