Wealthsimple 0.5 Fee

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stocks and crypto trading platform that sets itself apart from similar apps by charging no fees. 

A Toronto, Ontario based fintech business launched in the Autumn 2014 exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown substantially over the last eight years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers to trade stand alone stocks and ETFs without needing to pay any fees. The exception is when you’re trading securities which are displayed in USD. In that case, they do charge a nominal currency conversion fee when buying and selling. However, behind us are the times of having to pay Upwards of $7 for each trade with digital discount brokerages as was the case only a few years ago.

Exactly How Much in Funds Will I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is cool such that they allow new customers to make a minimum deposit of just $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of $1000-$5000. This makes it tough for the common investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

Yes. Wealthsimple Trade offers both registered and non-CRA-registered accounts. You are able to choose both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app offered to download on both Apple and also Google Play. The mobile app makes the registration phase and also the trading of stocks and ETFs incredibly a breeze.

Is Wealthsimple Trade Secure?

. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management (AUM). This company has been doing business for more than 7 years and also at this time employs over 600 folks. The controlling shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee digital discount brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it very simple to add money to your new account. Just connect a chequing or savings account to your Trade account, and then fund your account in only a few steps. Deposits from your bank to Wealthsimple typically take a few days. Funds can just as easily be withdrawn your chequing or savings account by the same process.

What Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to Interac E-Transfers that allow you to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax season and submit your taxes online for free. It’s described to be simple, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings account that lets one to earn 1% cashback on your purchases, and also earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of online courses on different topics such as saving, investments, crypto, real estate and much more. 

All of the mentioned products, including Wealthsimple Trade can be accessed within the mobile app or on their site with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As an exclusive registration bonus to our readers you’ll receive the equivalent cash value of a random stock valued at up to $4,500 Canadian as soon as you add funds to your account.

But What if I Still Have Questions Related to Wealthsimple 0.5 Fee?

If this blog post hasn’t answered each of your questions, and you’re still looking for further specific information about Wealthsimple 0.5 Fee, visit the Wealthsimple site to get answers to all your questions.