Wealthsimple Values

What is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, stocks and crypto trading platform that sets itself apart from other apps by charging absolutely no fees. 

A online financial services company founded in the Fall of twenty fourteen originally as a robo advisor algorithmic trading platform called Wealthsimple Invest, it has changed substantially over the past eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian investors trade single stocks and also ETFs without having to pay any fees. The exception to this is when trading stocks and ETFs that are displayed in US Dollars. In this case, they charge a nominal currency conversion fee when buying and selling. But, gone are the days of having to pay more than $7 per trade with discount brokerages as was common a few years past.

How Much Cash Will I Need to Have in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have quite large minimum deposit amounts of 1k-5K. This makes it difficult for the common investor to start investing. With Wealthsimple Trade, you won’t have to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade has CRA registered and non-registered accounts. You may choose both RRSP and TFSA accounts during the setup wizard. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app offered to download on iOS and also Google Play. The mobile app makes the signup process and the trading of stocks and ETFs super painless.

Is Wealthsimple Trade Safe?

For sure. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and also right now employs over 600 folks. The majority shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it so simple to add money to your account. Simply connect a chequing or savings account to your Trade account, and then fund your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple usually take a few days. Funds can also be withdrawn a chequing or savings accounts by using the same method.

Which Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to Interac e-transfers that allow you to quickly and simply send money to friends and family in Canada.

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

Wealthsimple Spend – A combination pre paid debit card and savings account which lets one to recieve 1% cashback on your everyday purchases, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a ton of courses on saving, investing, crypto, real estate and more. 

Every one of the mentioned features, including Wealthsimple Trade may be accessed inside the mobile app and at the website with a single login.

But How Should I Start With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. As a special registration bonus for our readers you’ll receive the cash value of a Canadian stock worth up to $4,500 CAD once you fund your account.

What if I Still Have Questions Concerning Wealthsimple Values?

If this article hasn’t answered each of your questions, and you’re still searching for additional specific info about Wealthsimple Values, check out the Wealthsimple website for answers to all your questions.