List Of Crypto On Wealthsimple

What Exactly is Wealthsimple?

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

A online financial services company founded in Fall of 2014 exclusively as a robo advisor automated trading app called Wealthsimple Invest, it has improved considerably over the previous 8 years to include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets investors to trade both individual stocks and ETFs without needing to pay commissions. The exception to this is when trading stocks that are denominated in USD. In which case, they do charge a small currency conversion fee both when buying and selling. However, past us are the times of having to pay more than $7 per trade with online discount brokerages as was the norm just a few years ago.

How Much Cash Will I Need to Get Started on Wealthsimple Trade?

Wealthsimple is special such that they allow new customers to make a minimum deposit of only $1. The majority of alternative banks and brokerages have quite large initial deposit amounts of $1000-$5,000. This makes it impossible for the every day new investor to start. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade has available CRA registered and non-registered accounts. You are free to select between both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app offered on both IOS and Google Play. The mobile app makes the registration process and trading of stocks and ETFs truly simple.

Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion CAD of Assets Under Management . They have been in business for more than 7 years and right now employs over 600 folks. The main owner is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to add funds to your new account. Just connect to a chequing or savings account with your Trade account, then add money to your account in simply a couple of clicks. Deposits from banks to Wealthsimple typically take just a few days. Funds can also be withdrawn your chequing or savings account by using the same method.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to e-Transfers which allows 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 file your taxes online free. It’s described as easy, accurate and always free tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product that lets you to earn 1% cashback on your everyday spending, and also earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a variety of different courses on topics like saving, investments, crypto, home buying and much more. 

Each of the above products, along with Wealthsimple Trade may be found within the mobile app and on the site with one login.

How do I Get Started With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. For a special registration bonus offer for our audience you will get the equivalent cash value of a random share worth $25 up to $4,500 CAD once you fund your account.

So What if I Still Have Additional Questions Related to List Of Crypto On Wealthsimple?

If this blog post still hasn’t answered all of your questions, and you’re still searching for additional specific facts relating to List Of Crypto On Wealthsimple, visit the Wealthsimple website to get answers to every one of your questions.