What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stock and crypto trading app that sets itself apart from the competition by charging no fees.
A Toronto, Ontario based online financial services business launched in the Autumn 2014 originally as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has improved considerably over the previous eight years to also feature Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian investors trade both individual stocks and also ETFs without having to pay commissions. The exception is when trading securities that are listed in USD. In this case, they do charge a currency conversion fee both when buying and selling. However, past us are the times of having to pay $7-12 per trade with discount brokerages as was common a couple years past.
Exactly How Much in Funds Will I Need to Have in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is special in that they allow new customers to make a minimum deposit of only $1. Many traditional banks and discount brokerages have sizeable initial deposit amounts of 1K-5K. This makes it impossible for the normal investor to start. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have RRSP Accounts?
They do. Wealthsimple Trade has registered and non-registered account types. You may choose 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 both iOS and also Android. The smartphone app makes the registration steps and also the trading of stocks and ETFs super easy.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion CAD in Assets Under Management . They have been doing business for more than 7 years and also right now employs about 600 people. The majority shareholder is the large public Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage to operate in Canada.
So How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to add funds to a new account. Just connect to a chequing or savings account with your Trade account, and then add money to your account in simply a few steps. Deposits from banks to Wealthsimple usually take a few days. Funds can just as easily be withdrawn a chequing or savings accounts by the exact same process.
What Additional Benefits and Products Are Available?
Wealthsimple Cash – An equivalent to Interac e-transfers which allow you to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax year and file your taxes online free. It’s described to be easy, accurate and always free tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account that lets one to earn 1% cashback on all your everyday spending, and also earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a ton of online courses on different topics such as saving, investing, crypto, home buying and more.
Every one of the listed features, along with Wealthsimple Trade may be found in the mobile app and on the website with one login.
But How do I Start Using Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. As an exclusive signup bonus offer to our readers you’ll get the cash value of a stock valued at $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.
So What if I Still Have Additional Questions Concerning Stop Limit Sell Wealthsimple?
If this article hasn’t given you the answers to each of your questions, and you’re browsing for further info relating to Stop Limit Sell Wealthsimple, visit the Wealthsimple site to get answers to all your questions.