What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stock plus crypto trading app that distinguishes itself from similar apps by charging no fees.
A leading Canadian online financial services business founded in the Autumn of twenty fourteen exclusively as a robo advisor automated trading app called Wealthsimple Invest, it has changed considerably over the past 8 years to also feature Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows Canadian investors trade both individual stocks and ETFs without needing to pay fees. The exception to this is when you’re trading stocks that are denominated in USD currency. In this case, they do charge a small currency conversion fee when buying and selling. But, behind us are the times of having to pay Upwards of $7 per each trade with digital discount brokerages as was the norm a couple years past.
How Much in Funds Will I Need to Have in Order to Get Started With Wealthsimple Trade?
Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of only $1. Most alternative banks and brokerages have large min deposit amounts of $1000-$5000. This makes it difficult for the every day new investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
They do. Wealthsimple Trade has both CRA registered and non-registered accounts. One are free to choose between both RRSP and TFSA account types in the setup phase.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app that is available on both iOS and also Google Play. The smartphone app makes the registration phase and also the trading of stocks and ETFs very easy.
So Is Wealthsimple Trade Secure?
. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion CAD in Assets Under Management (AUM). they’ve been expanding for more than 7 years and employs over 600 folks. The main shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it straight forward to add funds to your account. Simply connect a chequing or savings account with your Trade account, then add funds to your account in simply a couple of clicks. Deposits from banks to Wealthsimple usually take only a couple of days. Funds can also be moved to a chequing or savings accounts by using the exact same process.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to E-Transfers that allow anyone to quickly and simply send money 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 pitched to be easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account which lets you to get 1% cashback on all your everyday spending, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a bunch of different online courses on different topics such as saving, investing, crypto, mortgages and more.
Every one of the mentioned features, including Wealthsimple Trade can be found within the mobile app or on the website with your Wealthsimple login.
So How Can I Begin With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For a special signup bonus offer for our audience you will get the equivalent cash value of a share valued at up to $4,500 CAD once you fund your account.
But What if I Still Have Questions About Reddit Wealthsimple Crypto?
If this article didn’t given you the answers to all of your questions, and you’re still searching for more facts about Reddit Wealthsimple Crypto, check out the Wealthsimple website to find answers to each your questions.