Limit Sell Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, securities plus crypto trading app that differentiates itself from similar apps by charging no fees. 

A Toronto, Ontario based online financial services business launched in Autumn twenty fourteen originally as a robo-advisor automated trading app named Wealthsimple Invest, it has improved considerably over the past eight years to feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows Canadian consumers trade single stocks and ETFs without needing to pay fees. The exception to this is when you’re trading stocks which are listed in USD currency. In that case, they do charge a nominal currency conversion fee when buying and selling. However, behind us are the days of paying more than $7 per trade with discount brokerages as was the case a few years past.

How Much Cash Will I Need to Have to Start Investing With Wealthsimple Trade?

Wealthsimple is cool such that they allow investors to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large min deposit amounts of $1000-5k. This makes it hard for the everyday investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade has available registered and non-registered accounts. You can select between both RRSP and TFSA accounts during the setup phase. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app available on both IOS and Android. The smartphone app makes the registration process and also the trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is safe. Wealthsimple boasts more than 15 billion CAD of Assets Under Management . they’ve been in business for more than 7 years and also employs roughly 600 people. The main shareholder is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital brokerage operating in Canada.

How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to add money to an account. Just connect a chequing or savings account to your Trade account, and add money to your account in simply a couple of steps. Deposits from banks to Wealthsimple typically take just a few days. Funds can the same way can be withdrawn a chequing or savings account using the exact same steps.

What Other Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to Interac e-transfers that allows anyone to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online free. It’s pitched to be simple, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product which lets you to get 1% cashback on all your everyday spending, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of courses on different topics such as saving, investing, crypto, mortgages and more. 

All of the above features, including Wealthsimple Trade may be accessed inside the mobile app and from their website with your Wealthsimple login.

So How Should I Get Started Using Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For a special signup bonus for our audience you will get the cash value of a random stock valued at up to $4,500 Canadian as soon as you fund your account.

So What if I Still Have Questions Related to Limit Sell Wealthsimple?

If this review didn’t answered all of your questions, and you’re still looking for additional specific answers relating to Limit Sell Wealthsimple, go to the Wealthsimple website to find answers to each your questions.