Wealthsimple Visa

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, stock and crypto trading platform that sets itself apart from similar apps by charging absolutely no fees. 

A online financial services business launched in the Fall twenty fourteen originally as a robo advisor algorithmic trading platform called Wealthsimple Invest, it has changed substantially over the last eight years to also feature Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers to trade stand alone stocks and ETFs without paying any fees. The exception is when you’re trading ETFs and stocks which are listed in US Dollars. In that case, they will charge a small currency conversion fee both when buying and selling. However, behind us are the days of having to pay $7-12 for each trade with discount brokerages as was normal just a few years ago.

Exactly How Much in Funds do I Need to Have to Get Started on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of only $1. The majority of alternative banks and brokerages have quite large minimum deposit amounts of 1K-$5000. This makes it difficult for the everyday new investor to start. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade offers both registered and non-registered account types. One can choose between both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app that is offered on iOS and Android. The mobile app makes the enrollment process and the trading of stocks and ETFs simple.

So Is Wealthsimple Trade Safe?

Of course. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . This company has been expanding for more than 7 years and right now employs over 600 Canadians. The controlling shareholder is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage to operate in Canada.

So How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it quite easy to deposit to a new account. Just connect to a chequing or savings account with your Trade account, and fund your account in just a few steps. Deposits from banks to Wealthsimple typically take a couple of days. Funds can the same way can be moved back to a chequing or savings accounts through the same method.

What Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to E-transfers which allow anyone to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax season and file your taxes online for free. It’s advertised as simple, accurate and always free tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings product which lets one to earn 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a ton of different courses on saving, investing, crypto, home buying and more. 

Each of the listed products, along with Wealthsimple Trade may be accessed on the mobile app and at the website with one login.

So How do I Get Started With Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For a special registration bonus to our audience you’ll receive the equivalent cash value of a share worth up to $4,500 CAD when you fund your account.

But What if I Still Have Additional Questions About Wealthsimple Visa?

If this blog post hasn’t given you the answers to each of your questions, and you’re still browsing for further answers relating to Wealthsimple Visa, visit the Wealthsimple website for answers to all your questions.