What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, stock plus crypto trading platform that differentiates itself from other apps by charging no fees.
A fintech company launched in the Autumn of 2014 exclusively as a robo advisor trading app named Wealthsimple Invest, it has improved substantially over the last 8 years to feature Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors trade individual stocks and also ETFs without paying any fees. The exception is when you’re trading stocks that are listed in US Dollars. In that case, they charge a nominal currency conversion fee when buying and selling. But, gone are the days of having to pay Upwards of $7 for each trade with discount brokerages as was expected just a few years past.
How Much in Funds do I Need to Have in Order to Start Investing on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow investors to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have quite large minimum deposit amounts of $1000-$5000. This makes it difficult for the common investor to start investing. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has registered and non-CRA-registered accounts. One are free to choose both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app offered to download on Apple and also Android. The mobile app makes the registration process and trading of stocks and ETFs painless.
So Is Wealthsimple Trade Trustworthy?
Most definitely. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . This company has been doing business for more than 7 years and also employs roughly 600 folks. The primary shareholder is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage operating in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to add money to an account. Simply connect to a chequing or savings account with your Trade account, and then add money to your account in only a few clicks. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can just as easily be moved back to your chequing or savings accounts by using the exact same method.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – An alternative to E-transfers that allow one to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax year and file your taxes online free. It’s advertised as simple, accurate and always totally free tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account which allows one to recieve 1% cashback on your purchases, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a bunch of different online courses on different topics such as saving, investing, crypto, real estate and much more.
Each of the above products, along with Wealthsimple Trade may be accessed in the mobile app or from the site with your Wealthsimple login.
So How Can I Get Started Using Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll receive the equivalent cash value of a random stock worth up to $4,500 CAD when you fund your account.
But What if I Still Have Additional Questions Related to 100 Dogecoin Wealthsimple?
If this review still hasn’t given you the answers to each of your questions, and you’re still searching for more facts about 100 Dogecoin Wealthsimple, check out the Wealthsimple website to get answers to all your questions.