What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, stock plus crypto trading app that sets itself apart from other apps by charging no fees.
A leading Canadian online financial services business founded in Fall of twenty fourteen originally as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has evolved significantly over the previous 8 years to also feature Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows Canadian consumers to trade individual stocks and ETFs without having to pay any fees. The exception is when trading stocks that are listed in US Dollars. In that case, they charge a nominal currency conversion fee when buying and selling. However, behind us are the times of paying more than $7 per trade with discount brokerages as was expected a couple years past.
Exactly How Much Cash Will I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is cool in that they will allow investors to make a minimum deposit of just $1. Many alternative banks and brokerages have quite large initial deposit amounts of 1k-5K. This makes it tough for the typical new investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
They do. Wealthsimple Trade has both CRA registered and non-registered account types. One may select between both RRSP and TFSA accounts in the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app available on both Apple and Android. The mobile app makes the signup steps and also the trading of stocks and ETFs incredibly a breeze.
But Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). This company has been expanding for more than 7 years and also employs more than 600 Canadians. The primary owner is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage to operate in Canada.
But How Can I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly straight forward to add funds to a new account. Just connect the app to a chequing or savings account with your Trade account, and fund your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple typically take a couple of days. Funds can also be moved back to your chequing or savings account by using the same method.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to E-transfers which allows you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your taxes online for free. It’s pitched as easy, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings product which lets you to recieve 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a bunch of online courses on topics like saving, investing, crypto, home buying and more.
Each of the listed features, including Wealthsimple Trade can be accessed on the mobile app or from their website with a single login.
How Can I Begin With Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For an exclusive registration bonus for our audience you will receive the equivalent cash value of a random stock valued at up to $4,500 Canadian as soon as you fund your account.
So What if I Still Have Additional Questions Related to Wealthsimple 100 Bonus?
If this review still hasn’t given you the answers to all of your questions, and you’re still browsing for further info relating to Wealthsimple 100 Bonus, check out the Wealthsimple site to find answers to every one of your questions.