1 Cent Stocks On Wealthsimple

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock and crypto trading app that sets itself apart from other apps by charging absolutely no fees. 

A leading Canadian online financial services business launched in the Autumn of 2014 exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has improved significantly over the previous 8 years to feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets investors trade stand alone stocks and also ETFs without paying fees. The exception is when you’re trading stocks that are listed in USD currency. In this case, they charge a currency conversion fee both when buying and selling. But, gone are the times of having to pay Upwards of $7 for each trade with digital discount brokerages as was normal only a few years past.

How Much Money do I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is special such that they will allow investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large min deposit amounts of 1K-5K. This makes it difficult for the common investor to start. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Have RRSP Accounts?

Yes. Wealthsimple Trade has CRA registered and non-registered account types. One can choose between both RRSP and TFSA accounts during the setup wizard. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app available on both IOS and Android. The app makes the enrollment process and the trading of stocks and ETFs super easy.

Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . they’ve been operating for more than 7 years and employs over 600 folks. The majority shareholder is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage to operate in Canada.

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

The Wealthsimple Trade smartphone app makes it incredibly simple to deposit to your new account. Just connect to a chequing or savings account to your Trade account, and add funds to your account in just a couple of clicks. Deposits from banks to Wealthsimple normally take just a few days. Funds can also be moved to a chequing or savings accounts through the exact same steps.

What Other Features and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac E-Transfers that allows anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for tax year and file your taxes online for free. It’s described as simple, accurate and always totally free tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account which allows you to earn 1% cashback on your everyday spending, as well as earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that includes a variety of different courses on topics like saving, investing, crypto, real estate and more. 

All of the above products, along with Wealthsimple Trade can be accessed within the mobile app or from the website with one login.

So How Can I Begin With Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. As a special registration bonus to our audience you’ll receive the cash value of a Canadian stock valued at up to $4,500 CAD as soon as you make an initial deposit to your account.

So What if I Still Have Additional Questions Concerning 1 Cent Stocks On Wealthsimple?

If this blog post still hasn’t given you the answers to all of your questions, and you’re still looking for additional info about 1 Cent Stocks On Wealthsimple, visit the Wealthsimple site for answers to all your questions.