What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian digital Financial, stocks plus crypto trading web app that sets itself apart from other apps by charging absolutely no fees.
A online financial services business launched in Fall twenty fourteen originally as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has improved considerably over the past eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows Canadian consumers trade single stocks and ETFs without having to pay any commissions. The exception is when you’re trading stocks which are displayed in USD. In this case, they charge a small currency conversion fee when buying and selling. However, past us are the times of paying $7-12 per trade with online discount brokerages as was the norm just a couple years ago.
How Much Money do I Need to Begin Investing on Wealthsimple Trade?
Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of only $1. Many traditional banks and discount brokerages have sizeable min deposit amounts of $1000-$5,000. This makes it difficult for the common investor to start investing. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Offer Registered Accounts?
They do. Wealthsimple Trade has available registered and non-registered account types. One can select both RRSP and TFSA accounts during the setup phase.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app available on IOS and also Google Play. The app makes the enrollment steps and also the trading of stocks and ETFs truly a breeze.
Is Wealthsimple Trade Secure?
For sure. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management (AUM). they’ve been doing business for more than 7 years and also right now employs roughly 600 folks. The majority owner is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage operating in Canada.
How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly simple to add money to your account. Just connect to a chequing or savings account with your Trade account, and add funds to your account in simply a couple of steps. Deposits from banks to Wealthsimple usually take only a few days. Funds can the same way can be withdrawn a chequing or savings account through the same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac E-transfers that allow you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for tax year and submit your tax return online free. It’s advertised as easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account which lets one to earn 1% cashback on all your spending, and also get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that includes a ton of courses on saving, investing, crypto, real estate and more.
Every one of the mentioned products, including Wealthsimple Trade may be accessed in the mobile app or on their site with one login.
But How Can I Begin With Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special registration bonus offer for our audience you will receive the cash value of a stock worth up to $4,500 CAD as soon as you deposit to your account.
But What if I Still Have Additional Questions About Spousal Rrsp Wealthsimple?
If this blog post didn’t given you the answers to all of your questions, and you’re still browsing for more info about Spousal Rrsp Wealthsimple, visit the Wealthsimple website to get answers to every one of your questions.