What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, securities and crypto trading platform that sets itself apart from its competitors by charging no fees.
A leading Canadian online financial services company launched in Autumn 2014 originally as a robo advisor trading app named Wealthsimple Invest, it has improved significantly over the past eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows investors trade both individual stocks and ETFs without paying any fees. The exception is when trading securities that are denominated in US Dollars. In which case, they will charge a currency conversion fee both when buying and selling. But, behind us are the days of paying Upwards of $7 for each trade with discount brokerages as was the case a few years past.
Exactly How Much Cash Will I Need to Have in Order to Get Started With Wealthsimple Trade?
Wealthsimple is cool such that they allow Canadians to make a minimum deposit of only $1. The majority of alternative banks and discount brokerages have quite large initial deposit amounts of 1K-5K. This makes it hard for the typical investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Yes. Wealthsimple Trade has available both registered and non-CRA-registered accounts. You are free to select between both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app available on iOS and also Android. The app makes the registration steps and trading of stocks and ETFs a breeze.
Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is secure. Wealthsimple reports in excess of 15 billion CAD in Assets Under Management . This company has been operating for more than 7 years and employs more than 600 people. The primary shareholder is the admired publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage to operate in Canada.
How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite straight forward to add money to your account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple typically take just a few days. Funds can the same way can be moved to a chequing or savings account by using the exact same method.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac e-transfers which allow anyone to quickly and easily transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax season and submit your taxes online for free. It’s described to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account that allows you to recieve 1% cashback on your spending, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that offers a ton of courses on topics like saving, investing, crypto, real estate and more.
Every one of the mentioned features, along with Wealthsimple Trade may be accessed within the app or at the site with your Wealthsimple login.
How do I Begin With Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you will get the cash value of a stock valued at $25 up to $4,500 Canadian once you add funds to your account.
What if I Still Have Questions Related to Wealthsimple 0.75?
If this blog post didn’t answered all of your questions, and you’re looking for more specific information relating to Wealthsimple 0.75, visit the Wealthsimple site for answers to all your questions.