Vanguard S&p 500 Etf Wealthsimple

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based Financial, stocks and crypto trading app that distinguishes itself from the competition by charging absolutely no fees. 

A Toronto, Ontario based fintech business launched in the Autumn of 2014 exclusively as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has grown considerably over the last 8 years to include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows Canadian investors to trade stand alone stocks and also ETFs without paying any fees. The exception to this is when trading stocks that are denominated in US Dollars. In that case, they charge a currency conversion fee when buying and selling. However, behind us are the times of paying $7-12 for each trade with digital discount brokerages as was common a few years past.

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

Wealthsimple is special such that they allow new customers to make a minimum deposit of only $1. Many alternative banks and brokerages have large minimum deposit amounts of $1,000-$5000. This makes it difficult for the everyday investor to start investing. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

They do. Wealthsimple Trade offers registered and non-CRA-registered account types. You are free to choose both RRSP and TFSA account types during the setup wizard. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered on both Apple and Android. The mobile app makes the registration steps and the trading of stocks and ETFs incredibly painless.

So Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management (AUM). This company has been doing business for more than 7 years and also at this time employs roughly 600 folks. The controlling owner is the admired public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage to operate in Canada.

How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite easy to deposit to your new account. Just connect to a chequing or savings account with your Trade account, and fund your account in simply a couple of clicks. Deposits from banks to Wealthsimple normally take only a few days. Funds can just as easily be moved to your chequing or savings account by the same method.

Which Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to e-Transfers which allow one to quickly and easily send cash to friends and family in Canada.

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

Wealthsimple Spend – A combination pre paid visa and savings product that allows one to recieve 1% cashback on all your spending, as well as get a very competitive 1.5% interest on savings.

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

Every one of the above products, along with Wealthsimple Trade can be found inside the mobile app or on the website with your Wealthsimple login.

So How Can I Get Started With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. As an exclusive signup bonus for our audience you’ll receive the equivalent cash value of a Canadian stock valued at up to $4,500 Canadian as soon as you add funds to your account.

So What if I Still Have Additional Questions About Vanguard S&p 500 Etf Wealthsimple?

If this review still hasn’t answered all of your questions, and you’re looking for further specific info about Vanguard S&p 500 Etf Wealthsimple, go to the Wealthsimple site for answers to all your questions.