What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stock and crypto trading web app that distinguishes itself from the competition by charging no fees.
A Toronto, Ontario based fintech business founded in Fall twenty fourteen exclusively as a robo advisor trading app called Wealthsimple Invest, it has improved substantially over the past eight years to feature Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows consumers to trade individual stocks and also ETFs without having to pay fees. The exception to this is when trading ETFs and stocks that are listed in US Dollars. In that case, they will charge a currency conversion fee both when buying and selling. However, behind us are the times of paying Upwards of $7 for each trade with digital discount brokerages as was common just a few years past.
How Much in Funds Will I Need to Start on Wealthsimple Trade?
Wealthsimple is special in that they allow Canadians to make a minimum deposit of only $1. Many traditional banks and brokerages have sizeable min deposit amounts of $1000-$5,000. This makes it tough for the normal new investor to get started. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade has both registered and non-registered account types. You may choose between both RRSP and TFSA accounts during the setup process.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a modern mobile app offered to download on iOS and Google Play. The smartphone app makes the signup phase and also trading of stocks and ETFs truly easy.
Is Wealthsimple Trade Secure?
Definitely. Wealthsimple Trade is legit. Wealthsimple has over 15 billion Canadian of Assets Under Management . These folks have been in business for more than 7 years and currently employs about 600 Canadians. The majority shareholder is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage operating in Canada.
But How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it straight forward to fund your new account. Just connect the app to a chequing or savings account to your Trade account, then add funds to your account in only a couple of steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can also be moved back to your chequing or savings accounts with the exact same method.
Which Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to E-transfers which allows anyone to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax year and submit your taxes online free. It’s advertised as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account that allows one to earn 1% cashback on your everyday spending, and also earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a bunch of different online courses on topics like saving, investments, crypto, real estate and much more.
All of the above features, including Wealthsimple Trade may be found inside the mobile app and on the site with your Wealthsimple login.
But How Can I Begin Using Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. As an exclusive registration bonus to our audience you will receive the equivalent cash value of a share worth $25 up to $4,500 Canadian when you deposit to your account.
But What if I Still Have Questions About Wealthsimple Sign Up Bonus?
If this blog post still hasn’t given you the answers to all of your questions, and you’re still searching for further info about Wealthsimple Sign Up Bonus, go to the Wealthsimple site to get answers to each your questions.