What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, stock and crypto trading platform that distinguishes itself from other apps by charging absolutely no fees.
A Toronto, Ontario based fintech company launched in the Autumn twenty fourteen exclusively as a robo advisor algorithmic trading app named Wealthsimple Invest, it has improved considerably over the past 8 years to include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian investors to trade stand alone stocks and ETFs without paying any fees. The exception to this is when trading stocks that are displayed in US Dollars. In this case, they will charge a small currency conversion fee when buying and selling. But, gone are the days of paying more than $7 for each trade with online discount brokerages as was normal just a few years past.
Exactly How Much in Funds do I Need to Have in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is special such that they allow investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have quite large min deposit amounts of $1,000-5K. This makes it difficult for the everyday new investor to start. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has available both registered and non-registered account types. One are able to choose both RRSP and TFSA account types in the setup process.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app that is offered to download on Apple and also Android. The smartphone app makes the registration phase and also trading of stocks and ETFs super simple.
So Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is trustworthy. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management . they’ve been operating for more than 7 years and also right now employs more than 600 people. The primary shareholder is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.
So How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly straight forward to add funds to an account. Simply connect a chequing or savings account with your Trade account, and fund your account in only a few clicks. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can just as easily be moved back to a chequing or savings accounts using the same steps.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to E-Transfers that allow anyone to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax year and submit your taxes online for free. It’s described to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which lets one to earn 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a variety of courses on saving, investments, crypto, home buying and much more.
Every one of the mentioned products, along with Wealthsimple Trade can be accessed inside the app and on the website with a single login.
So How Can I Begin Using Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. As an exclusive registration bonus offer for our readers 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.
What if I Still Have Questions Related to Wealthsimple 10 000 Free?
If this blog post still hasn’t answered each of your questions, and you’re still searching for additional facts relating to Wealthsimple 10 000 Free, go to the Wealthsimple website for answers to every one of your questions.