What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading platform that distinguishes itself from the competition by charging no fees.
A online financial services business founded in Fall twenty fourteen originally as a robo advisor automated trading app called Wealthsimple Invest, it has grown significantly over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets consumers to trade both individual stocks and also ETFs without paying fees. The exception is when trading stocks that are displayed in USD currency. In this case, they will charge a currency conversion fee both when buying and selling. However, past us are the days of having to pay $7-12 for each trade with discount brokerages as was expected only a few years ago.
How Much Money Will I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is cool in that they will allow investors to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable min deposit amounts of 1K-5k. This makes it hard for the every day investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
It does. Wealthsimple Trade has both CRA registered and non-registered account types. You can select both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app offered on Apple and also Android. The app makes the signup steps and also the trading of stocks and ETFs truly simple.
But Is Wealthsimple Trade Secure?
Definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . These folks have been operating for more than 7 years and at this time employs roughly 600 folks. The primary shareholder is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.
So How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly easy to add money to your new account. Simply connect the app to a chequing or savings account to your Trade account, then fund your account in simply a couple of steps. Deposits from banks to Wealthsimple usually take only a few days. Funds can just as easily be withdrawn a chequing or savings account through the exact same steps.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to E-transfers that allow you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax year and submit your tax return online free. It’s advertised to be simple, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account which lets you to earn 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a ton of different courses on saving, investing, crypto, home buying and much more.
All of the mentioned features, including Wealthsimple Trade can be found in the app or from their website with one login.
So How do I Begin With Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. For a special signup bonus offer for our readers you will get the equivalent cash value of a random stock worth $25 up to $4,500 CAD when you fund your account.
So What if I Still Have Questions Concerning Wealthsimple 0 Available To Withdraw?
If this blog post didn’t given you the answers to each of your questions, and you’re looking for additional specific facts relating to Wealthsimple 0 Available To Withdraw, visit the Wealthsimple site to find answers to each your questions.