Wealthsimple 0.5 Fee Reddit

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, securities and crypto trading platform that distinguishes itself from other apps by charging no fees. 

A Toronto, Ontario based fintech company founded in the Fall twenty fourteen exclusively as a robo-advisor automated trading app called Wealthsimple Invest, it has improved considerably over the last eight years to also feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets Canadian investors to trade both stand alone stocks and ETFs without paying fees. The exception is when you’re trading stocks and ETFs that are displayed in USD. In which case, they do charge a small currency conversion fee when buying and selling. However, gone are the times of having to pay $7-12 per trade with online discount brokerages as was the norm just a couple years ago.

Exactly How Much Cash Will I Need to Have to Begin Investing With Wealthsimple Trade?

Wealthsimple is special in that they will allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have large minimum deposit amounts of $1000-$5000. This makes it difficult for the normal investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Have RRSP Accounts?

They do. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One can choose between both RRSP and TFSA accounts during the setup phase. 

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app offered to download on iOS and also Google Play. The mobile app makes the signup steps and also trading of stocks and ETFs easy.

So Is Wealthsimple Trade Legit?

. Wealthsimple Trade is safe. Wealthsimple boasts over 15 billion CAD in Assets Under Management (AUM). These folks have been operating for more than 7 years and employs over 600 folks. The primary owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee online discount brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it quite simple to deposit to your new account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in just a few clicks. Deposits from financial institutions to Wealthsimple typically take only a couple of days. Funds can also be moved to a chequing or savings account with the same process.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to e-Transfers that allows anyone to quickly and simply transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax year and file your tax return online free. It’s advertised to be easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination prepaid visa and savings product that allows one to earn 1% cashback on all your everyday spending, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a bunch of courses on different topics such as saving, investments, crypto, mortgages and much more. 

All of the above features, along with Wealthsimple Trade may be found on the app or on their website with one login.

How do I Start Using Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As a special signup bonus for our audience you’ll get the equivalent cash value of a random stock valued at up to $4,500 Canadian when you add funds to your account.

But What if I Still Have Questions Concerning Wealthsimple 0.5 Fee Reddit?

If this blog post didn’t given you the answers to all of your questions, and you’re searching for more information about Wealthsimple 0.5 Fee Reddit, go to the Wealthsimple site for answers to all your questions.