What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, stocks and crypto trading app that distinguishes itself from other apps by charging no fees.
A fintech business founded in Autumn of twenty fourteen exclusively as a robo-advisor trading app called Wealthsimple Invest, it has changed substantially over the previous eight years to feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets Canadian consumers to trade single stocks and ETFs without needing to pay any commissions. The exception to this is when trading stocks and ETFs that are listed in USD. In this case, they charge a currency conversion fee when buying and selling. But, past us are the times of paying more than $7 per each trade with digital discount brokerages as was the case just a couple years ago.
How Much Cash do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of just $1. Many traditional banks and brokerages have quite large initial deposit amounts of $1,000-5K. This makes it impossible for the normal new investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Offer TFSA Accounts?
Yes. Wealthsimple Trade offers both registered and non-CRA-registered account types. One are able to choose between both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app offered on IOS and also Google Play. The smartphone app makes the registration phase and also the trading of stocks and ETFs super easy.
But Is Wealthsimple Trade Trustworthy?
Definitely. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian of Assets Under Management . This company has been expanding for more than 7 years and right now employs roughly 600 folks. The controlling owner is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.
How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly easy to add funds to a new account. Simply connect a chequing or savings account to your Trade account, then add funds to your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved to a chequing or savings account through the same steps.
What Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to Interac e-Transfers which allow you to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax season and submit your taxes online for free. It’s described as easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product that allows one to get 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a variety of different online courses on topics like saving, investments, crypto, home buying and much more.
Every one of the mentioned products, including Wealthsimple Trade may be found inside the mobile app and on the site with your Wealthsimple login.
How Should I Start With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. For an exclusive registration bonus offer to our audience you’ll receive the cash value of a random stock valued at $25 up to $4,500 CAD once you add funds to your account.
So What if I Still Have Questions Related to Login Wealthsimple?
If this review still hasn’t answered each of your questions, and you’re looking for additional specific answers relating to Login Wealthsimple, check out the Wealthsimple website to get answers to every one of your questions.