What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, securities and crypto trading app that differentiates itself from its competitors by charging absolutely no fees.
A fintech business founded in Fall of twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has changed significantly over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets Canadian consumers to trade stand alone stocks and ETFs without needing to pay commissions. The exception is when trading stocks and ETFs which are denominated in USD. In which case, they do charge a nominal currency conversion fee both when buying and selling. But, gone are the days of having to pay $7-12 per each trade with discount brokerages as was normal just a couple years past.
Exactly How Much Money Will I Need to Have in Order to Get Started With Wealthsimple Trade?
Wealthsimple is unique in that they will allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and brokerages have sizeable min deposit amounts of $1,000-5K. This makes it impossible for the normal new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have RRSP Accounts?
Yes. Wealthsimple Trade has both CRA registered and non-registered accounts. You are free to select both RRSP and TFSA account types during the setup phase.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app that is offered on iOS and Google Play. The smartphone app makes the registration steps and also trading of stocks and ETFs incredibly a breeze.
But Is Wealthsimple Trade Legit?
. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . They have been in business for more than 7 years and also right now employs about 600 Canadians. The controlling owner is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage to operate in Canada.
But How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very simple to add money to a new account. Just connect the app to a chequing or savings account to your Trade account, and fund your account in just a few steps. Deposits from banks to Wealthsimple normally take a few days. Funds can the same way can be withdrawn a chequing or savings account by using the exact same steps.
What Other Features and Products Are Available?
Wealthsimple Cash – This is equivalent to E-transfers that allows one to quickly and easily transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax season and file your taxes online for free. It’s described to be easy, accurate and always totally free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings account that allows one to earn 1% cashback on your everyday spending, as well as get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a ton of courses on saving, investments, crypto, real estate and more.
Every one of the listed products, including Wealthsimple Trade can be found on the app or on their site with your Wealthsimple login.
So How Can I Start Using Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For a special signup bonus for our audience you will get the equivalent cash value of a random stock valued at $25 up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Additional Questions About 15 Minute Delay Wealthsimple Trade?
If this article still hasn’t given you the answers to each of your questions, and you’re browsing for additional specific answers relating to 15 Minute Delay Wealthsimple Trade, go to the Wealthsimple site for answers to all your questions.