0.5 Management Fee Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading platform that differentiates itself from other apps by charging no fees. 

A fintech company launched in Fall of twenty fourteen exclusively as a robo advisor algorithmic trading platform called Wealthsimple Invest, it has evolved substantially over the previous 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian consumers to trade stand alone stocks and also ETFs without needing to pay any commissions. The exception is when trading stocks that are displayed in USD. In which case, they do charge a currency conversion fee when buying and selling. However, past us are the times of having to pay $7-12 per each trade with discount brokerages as was expected just a couple years past.

Exactly How Much Money Will I Need to Have to Start Investing With Wealthsimple Trade?

Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have large minimum deposit amounts of 1k-5k. This makes it tough for the common new investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade has CRA registered and non-registered account types. You may choose between both RRSP and TFSA account types in the setup phase. 

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is available on iOS and also Android. The app makes the enrollment steps and also trading of stocks and ETFs very easy.

So Is Wealthsimple Trade Safe?

Yes. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . These folks have been doing business for more than 7 years and at this time employs over 600 Canadians. The main shareholder is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it quite simple to deposit to a new account. Simply connect the app to a chequing or savings account to your Trade account, and add money to your account in simply a few clicks. Deposits from your bank to Wealthsimple typically take just a few days. Funds can just as easily be withdrawn your chequing or savings account by using the exact same method.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to e-transfers which allows one to quickly and simply transfer money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings account that allows you to recieve 1% cashback on your spending, as well as earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of courses on topics like saving, investing, crypto, mortgages and more. 

All of the above products, including Wealthsimple Trade may be found inside the mobile app and on the website with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For a special signup bonus to our readers you’ll receive the equivalent cash value of a Canadian stock valued at $25 up to $4,500 CAD when you make an initial deposit to your account.

But What if I Still Have Additional Questions Related to 0.5 Management Fee Wealthsimple?

If this article hasn’t answered all of your questions, and you’re still browsing for further specific answers relating to 0.5 Management Fee Wealthsimple, visit the Wealthsimple website to find answers to every one of your questions.