Wealthsimple Update Address

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online investing, securities plus crypto trading platform that differentiates itself from the competition by charging absolutely no fees. 

A online financial services company launched in Fall twenty fourteen exclusively as a robo-advisor automated trading platform named Wealthsimple Invest, it has grown substantially over the past eight years to include Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows investors to trade individual stocks and ETFs without having to pay commissions. The exception is when you’re trading ETFs and stocks that are denominated in US Dollars. In this case, they do charge a currency conversion fee both when buying and selling. But, behind us are the times of paying more than $7 per trade with digital discount brokerages as was the norm just a few years past.

How Much in Funds do I Need to Have in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is cool in that they allow new customers to make a minimum deposit of just $1. Most traditional banks and discount brokerages have sizeable minimum deposit amounts of $1000-5k. This makes it impossible for the every day investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-registered accounts. One may select between both RRSP and TFSA account types in the setup process. 

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app available to download on both IOS and Google Play. The app makes the enrollment steps and also the trading of stocks and ETFs incredibly a breeze.

Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is safe. Wealthsimple boasts over 15 billion CAD of Assets Under Management . These folks have been doing business for more than 7 years and currently employs over 600 Canadians. The majority shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee digital discount brokerage operating in Canada.

But How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it easy to fund a new account. Just connect a chequing or savings account with your Trade account, and then fund your account in simply a few clicks. Deposits from financial institutions to Wealthsimple typically take a couple of days. Funds can also be withdrawn your chequing or savings account with the same steps.

Which Additional Features and Products Are Available?

Wealthsimple Cash – An alternative to e-transfers which allow anyone to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for this tax year and file your tax return online for free. It’s pitched to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings product that allows one to earn 1% cashback on all your everyday spending, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a variety of different courses on different topics such as saving, investments, crypto, home buying and much more. 

All of the above features, along with Wealthsimple Trade can be accessed within the mobile app and from their site with one login.

So How Can I Get Started Using Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. As an exclusive registration bonus offer to our audience you will receive the cash value of a random share valued at $25 up to $4,500 Canadian when you make an initial deposit to your account.

But What if I Still Have Additional Questions About Wealthsimple Update Address?

If this article didn’t given you the answers to all of your questions, and you’re still searching for further info relating to Wealthsimple Update Address, visit the Wealthsimple website to find answers to all your questions.