What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian online investing, securities and crypto trading platform that sets itself apart from its competitors by charging absolutely no fees.
A Toronto, Ontario based fintech business launched in the Autumn of twenty fourteen exclusively as a robo advisor algorithmic trading app named Wealthsimple Invest, it has evolved substantially over the previous eight years to include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows consumers trade single stocks and also ETFs without having to pay any fees. The exception to this is when trading stocks that are displayed in US Dollars. In that case, they do charge a currency conversion fee when buying and selling. However, gone are the days of paying $7-12 per each trade with digital discount brokerages as was the case only a few years past.
How Much Money Will I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large initial deposit amounts of $1,000-$5,000. This makes it difficult for the normal new investor to start. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
Yes. Wealthsimple Trade has available both registered and non-registered account types. One may select between both RRSP and TFSA account types during the setup wizard.
So Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app available to download on both Apple and also Google Play. The smartphone app makes the registration steps and also trading of stocks and ETFs very a breeze.
So Is Wealthsimple Trade Trustworthy?
Definitely. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion Canadian of Assets Under Management (AUM). they’ve been doing business for more than 7 years and also now employs more than 600 people. The main owner is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage operating in Canada.
How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very easy to fund an account. Just connect the app to a chequing or savings account to your Trade account, and add money to your account in only a couple of steps. Deposits from banks to Wealthsimple typically take only a few days. Funds can just as easily be moved back to a chequing or savings accounts with the exact same method.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An alternative to E-transfers which allows anyone to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for this tax season and file your taxes online free. It’s advertised to be easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product that allows one to get 1% cashback on your purchases, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a variety of different online courses on topics like saving, investments, crypto, mortgages and much more.
All of the mentioned products, along with Wealthsimple Trade may be found inside the mobile app and on the website with a single login.
So How do I Start With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you’ll get the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 CAD as soon as you deposit to your account.
But What if I Still Have Additional Questions Related to 0.75 Interest Wealthsimple?
If this blog post didn’t answered all of your questions, and you’re still searching for more specific answers about 0.75 Interest Wealthsimple, visit the Wealthsimple site to find answers to every one of your questions.