What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, securities plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees.
A leading Canadian fintech company launched in Autumn 2014 exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has improved considerably over the previous eight years to feature Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets Canadian consumers to trade both individual stocks and also ETFs without having to pay commissions. The exception to this is when you’re trading stocks which are denominated in USD currency. In this case, they do charge a small currency conversion fee when buying and selling. But, gone are the days of having to pay Upwards of $7 per trade with discount brokerages as was expected only a few years ago.
Exactly How Much in Funds do I Need to Have to Start Investing With Wealthsimple Trade?
Wealthsimple is cool such that they allow new customers to make a minimum deposit of only $1. Most alternative banks and brokerages have large minimum deposit amounts of 1K-$5000. This makes it impossible for the every day investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade offers both CRA registered and non-registered accounts. One may select between both RRSP and TFSA accounts in the setup process.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a modern mobile app that is available on both iOS and also Android. The app makes the signup phase and the trading of stocks and ETFs simple.
Is Wealthsimple Trade Secure?
. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian of Assets Under Management . This company has been operating for more than 7 years and also employs roughly 600 Canadians. The primary owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.
How Does One Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite simple to deposit to an account. Simply connect to a chequing or savings account with your Trade account, and then add funds to your account in just a couple of steps. Deposits from your bank to Wealthsimple usually take just a few days. Funds can also be moved to a chequing or savings accounts using the same process.
What Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to e-transfers that allow one to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax year and file your taxes online for free. It’s described to be simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings product that lets one to recieve 1% cashback on all your purchases, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a ton of courses on saving, investments, crypto, home buying and much more.
Every one of the above features, along with Wealthsimple Trade can be accessed inside the app or at their website with your Wealthsimple login.
So How Can I Start With Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. For a special registration bonus to our readers you’ll receive the equivalent cash value of a random share worth $25 up to $4,500 CAD once you deposit to your account.
But What if I Still Have Additional Questions Concerning Wealthsimple Jobs?
If this review didn’t given you the answers to all of your questions, and you’re looking for more answers relating to Wealthsimple Jobs, check out the Wealthsimple website to get answers to every one of your questions.