What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, stock and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.
A leading Canadian online financial services company founded in the Fall twenty fourteen originally as a robo advisor automated trading platform named Wealthsimple Invest, it has evolved considerably over the last 8 years to include Wealthsimple Trade, a zero fees discount brokerage platform.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets Canadian investors to trade both stand alone stocks and also ETFs without having to pay commissions. The exception is when you’re trading stocks that are denominated in US Dollars. In which case, they do charge a currency conversion fee when buying and selling. However, gone are the times of paying more than $7 for each trade with online discount brokerages as was the norm a couple years past.
Exactly How Much Cash do I Need to Have to Start on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and brokerages have sizeable min deposit amounts of $1,000-5K. This makes it impossible for the normal new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has both CRA registered and non-registered account types. One are able to select both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app available on Apple and Google Play. The app makes the registration process and the trading of stocks and ETFs easy.
So Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports over 15 billion Canadian of Assets Under Management (AUM). These folks have been doing business for more than 7 years and also at this time employs about 600 folks. The controlling owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.
So How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly easy to add money to your account. Simply connect to a chequing or savings account to your Trade account, and fund your account in just a couple of clicks. Deposits from banks to Wealthsimple typically take just a few days. Funds can just as easily be moved to a chequing or savings accounts using the same steps.
Which Other Benefits and Products Are Available?
Wealthsimple Cash – An equivalent to Interac e-Transfers which allows you to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for this tax year and submit your taxes online free. It’s described as easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets you to recieve 1% cashback on all your purchases, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different courses on saving, investments, crypto, home buying and much more.
Every one of the above products, along with Wealthsimple Trade may be accessed inside the app or from the website with one login.
So How do I Get Started With Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. For a special registration bonus offer for our readers you’ll receive the equivalent cash value of a share worth $25 up to $4,500 Canadian when you make an initial deposit to your account.
So What if I Still Have Questions Related to Wealthsimple Login Trackid=sp-006?
If this blog post hasn’t answered each of your questions, and you’re still searching for more specific information about Wealthsimple Login Trackid=sp-006, go to the Wealthsimple website to find answers to all your questions.