What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online investing, securities and crypto trading web app that differentiates itself from the competition by charging no fees.
A online financial services company launched in Fall of twenty fourteen originally as a robo-advisor trading platform called Wealthsimple Invest, it has grown significantly over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets Canadian consumers trade both stand alone stocks and ETFs without having to pay any commissions. The exception to this is when you’re trading securities which are listed in US Dollars. In that case, they charge a small currency conversion fee both when buying and selling. But, past us are the days of having to pay $7-12 for each trade with online discount brokerages as was normal just a few years ago.
How Much in Funds Will I Need to Start Investing on Wealthsimple Trade?
Wealthsimple is cool such that they allow Canadians to make a minimum deposit of just $1. Many traditional banks and discount brokerages have sizeable minimum deposit amounts of 1K-5k. This makes it impossible for the normal new investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Offer RRSP Accounts?
Of course. Wealthsimple Trade offers CRA registered and non-CRA-registered account types. One may choose between both RRSP and TFSA accounts in the setup wizard.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app available to download on both iOS and Google Play. The mobile app makes the signup phase and the trading of stocks and ETFs super a breeze.
Is Wealthsimple Trade Safe?
. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and employs more than 600 Canadians. The main owner is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.
So How Can I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it straight forward to fund a new account. Just connect to a chequing or savings account to your Trade account, and then add money to your account in only a few clicks. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved to your chequing or savings accounts using the exact same steps.
What Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to e-Transfers that allow anyone to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax year and submit your taxes online for free. It’s described as simple, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account that lets one to recieve 1% cashback on your everyday purchases, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a ton of online courses on saving, investments, crypto, real estate and more.
Each of the above products, including Wealthsimple Trade can be accessed in the mobile app or from the site with one login.
So How Can I Get Started With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you’ll get the equivalent cash value of a random stock valued at up to $4,500 Canadian once you make an initial deposit to your account.
What if I Still Have Additional Questions Concerning Wealthsimple Job Cuts?
If this blog post didn’t answered all of your questions, and you’re searching for more info about Wealthsimple Job Cuts, go to the Wealthsimple site to get answers to all your questions.