What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, stock and crypto trading platform that sets itself apart from its competitors by charging absolutely no fees.
A Toronto, Ontario based fintech business launched in Autumn of 2014 exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has changed considerably over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors to trade both single stocks and ETFs without paying fees. The exception to this is when you’re trading securities that are displayed in USD currency. In which case, they charge a small currency conversion fee when buying and selling. However, gone are the days of having to pay $7-12 per each trade with digital discount brokerages as was normal a few years ago.
How Much Money do I Need to Have in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is special such that they allow Canadians to make a minimum deposit of only $1. Most alternative banks and brokerages have quite large min deposit amounts of 1K-5k. This makes it hard for the common investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Offer Registered Accounts?
Yes. Wealthsimple Trade has both CRA registered and non-CRA-registered account types. One are free to select between both RRSP and TFSA accounts in the setup phase.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a modern mobile app that is offered on both Apple and also Google Play. The smartphone app makes the signup process and trading of stocks and ETFs truly easy.
But Is Wealthsimple Trade Secure?
. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . they’ve been in business for more than 7 years and also right now employs over 600 folks. The main owner is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage to operate in Canada.
How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite easy to add funds to an account. Simply connect to a chequing or savings account with your Trade account, then add funds to your account in simply a couple of steps. Deposits from your bank to Wealthsimple normally take just a few days. Funds can just as easily be moved back to a chequing or savings accounts by the same process.
Which Other Features and Products Are Available?
Wealthsimple Cash – An alternative to Interac e-Transfers which allow anyone to quickly and easily transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax year and submit your taxes online free. It’s described as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account that lets one to get 1% cashback on your purchases, and also earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a ton of different online courses on saving, investing, crypto, real estate and much more.
All of the mentioned products, including Wealthsimple Trade can be found in the mobile app or from the site with a single login.
So How do I Get Started Using Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. For a special registration bonus offer to our audience you will 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.
So What if I Still Have Questions Related to Wealthsimple Layoff List?
If this review still hasn’t answered all of your questions, and you’re still looking for further specific answers about Wealthsimple Layoff List, go to the Wealthsimple website to find answers to each your questions.