Retirement Calculator Wealthsimple

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital investing, stocks plus crypto trading platform that sets itself apart from other apps by charging absolutely no fees. 

A leading Canadian online financial services company launched in the Autumn of twenty fourteen exclusively as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has evolved substantially over the last eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian investors trade both single stocks and ETFs without paying commissions. The exception to this is when trading ETFs and stocks that are listed in USD. In that case, they charge a small currency conversion fee both when buying and selling. However, behind us are the times of paying $7-12 per each trade with digital discount brokerages as was expected only a couple years ago.

How Much Cash Will I Need to Begin Investing on Wealthsimple Trade?

Wealthsimple is awesome such that they will allow Canadians to make a minimum deposit of only $1. Many alternative banks and brokerages have large min deposit amounts of 1k-5k. This makes it hard for the typical new investor to start investing. With Wealthsimple Trade, you won’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

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

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app offered to download on both iOS and also Android. The app makes the enrollment process and trading of stocks and ETFs very easy.

But Is Wealthsimple Trade Safe?

For sure. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian of Assets Under Management . These folks have been doing business for more than 7 years and also now employs over 600 folks. The main owner is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.

How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so simple to fund a new account. Just connect the app to a chequing or savings account with your Trade account, then fund your account in just a few steps. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can also be moved to a chequing or savings accounts through the exact same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to e-transfers which allow one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax year and submit your taxes online for free. It’s described as simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account that allows one to earn 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which includes a variety of different online courses on different topics such as saving, investments, crypto, real estate and much more. 

Every one of the listed features, along with Wealthsimple Trade may be accessed within the app or on their site with one login.

How Should I Start With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will get the equivalent cash value of a stock worth up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Additional Questions Related to Retirement Calculator Wealthsimple?

If this blog post didn’t given you the answers to each of your questions, and you’re still searching for more answers relating to Retirement Calculator Wealthsimple, visit the Wealthsimple site to find answers to all your questions.