What is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stocks plus crypto trading app that sets itself apart from other apps by charging no fees.
A leading Canadian fintech company founded in the Fall of twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has changed significantly over the past eight years to also include Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows investors trade individual stocks and ETFs without paying any commissions. The exception is when you’re trading stocks and ETFs that are denominated in USD. In that case, they do charge a currency conversion fee when buying and selling. But, past us are the times of having to pay more than $7 per each trade with online discount brokerages as was common only a couple years past.
Exactly How Much Cash Will I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have sizeable minimum deposit amounts of $1000-$5000. This makes it difficult for the common new investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Offer TFSA Accounts?
Yes. Wealthsimple Trade has available registered and non-CRA-registered account types. You are free to choose between both RRSP and TFSA account types in the setup phase.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app that is offered on both iOS and Google Play. The smartphone app makes the enrollment phase and the trading of stocks and ETFs incredibly painless.
But Is Wealthsimple Trade Trustworthy?
Definitely. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also now employs over 600 folks. The primary shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage to operate in Canada.
So How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it straight forward to fund your new account. Just connect 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 normally take only a few days. Funds can just as easily be moved to your chequing or savings accounts using the exact same steps.
Which Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to e-Transfers which allow one to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for tax season and file your tax return online free. It’s advertised to be easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows you to earn 1% cashback on your purchases, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that includes a variety of online courses on different topics such as saving, investments, crypto, mortgages and much more.
Each of the mentioned features, including Wealthsimple Trade may be accessed within the app or at their website with your Wealthsimple login.
But How do I Get Started Using Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. For an exclusive registration bonus for our audience you will get the cash value of a stock valued at up to $4,500 Canadian when you make an initial deposit to your account.
But What if I Still Have Questions Concerning Wealthsimple Instant Deposit $1 000?
If this review still hasn’t given you the answers to all of your questions, and you’re searching for further info about Wealthsimple Instant Deposit $1 000, check out the Wealthsimple site to find answers to every one of your questions.