Wealthsimple Uk

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, securities and crypto trading app that distinguishes itself from other apps by charging absolutely no fees. 

A leading Canadian online financial services company founded in the Autumn of twenty fourteen originally as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has changed considerably over the previous 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows Canadian consumers to trade both stand alone stocks and also ETFs without paying commissions. The exception to this is when trading ETFs and stocks that are denominated in USD currency. In this case, they do charge a currency conversion fee both when buying and selling. But, gone are the times of having to pay Upwards of $7 for each trade with online discount brokerages as was expected a few years past.

How Much in Funds Will I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have sizeable initial deposit amounts of $1000-5K. This makes it difficult for the every day new investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

They do. Wealthsimple Trade has both registered and non-registered account types. You are free to select both RRSP and TFSA account types in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app offered on both IOS and also Android. The app makes the enrollment steps and the trading of stocks and ETFs super simple.

So Is Wealthsimple Trade Safe?

Of course. Wealthsimple Trade is safe. Wealthsimple has over 15 billion CAD of Assets Under Management (AUM). This company has been operating for more than 7 years and at this time employs about 600 folks. The primary owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage operating in Canada.

So How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it quite simple to add money to a new account. Simply connect to a chequing or savings account to your Trade account, and add money to your account in just a few steps. Deposits from financial institutions to Wealthsimple usually take only a few days. Funds can just as easily be moved back to a chequing or savings account using the same steps.

Which Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to e-transfers which allow anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for tax season and submit your tax return online for free. It’s described to be easy, accurate and always totally free tax filing.

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

Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a bunch of different courses on topics like saving, investing, crypto, mortgages and more. 

Each of the mentioned products, including Wealthsimple Trade may be found in the app and from their website with one login.

So How Can I Get Started Using Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As a special signup bonus for our readers you will get the cash value of a Canadian stock worth $25 up to $4,500 Canadian as soon as you add funds to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Uk?

If this blog post didn’t given you the answers to all of your questions, and you’re still browsing for more specific facts relating to Wealthsimple Uk, go to the Wealthsimple website to get answers to all your questions.