What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, securities and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.
A online financial services business launched in Autumn of twenty fourteen originally as a robo-advisor automated trading platform called Wealthsimple Invest, it has changed significantly over the last 8 years to feature Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets Canadian consumers trade both stand alone stocks and also ETFs without paying any commissions. The exception is when you’re trading stocks which are denominated in USD. In that case, they do charge a nominal currency conversion fee when buying and selling. However, past us are the days of having to pay Upwards of $7 per each trade with online discount brokerages as was normal only a couple years ago.
How Much in Funds do I Need to Start Investing With Wealthsimple Trade?
Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have sizeable min deposit amounts of 1k-$5000. This makes it impossible for the normal investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Yes. Wealthsimple Trade offers registered and non-registered accounts. You are able to choose both RRSP and TFSA account types during the setup phase.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app available to download on Apple and also Android. The smartphone app makes the signup steps and the trading of stocks and ETFs truly simple.
But Is Wealthsimple Trade Legit?
Most definitely. Wealthsimple Trade is secure. Wealthsimple has over 15 billion CAD of Assets Under Management (AUM). they’ve been expanding for more than 7 years and at this time employs roughly 600 Canadians. The majority owner is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees online discount brokerage operating in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite easy to add money to your account. Just connect to a chequing or savings account to your Trade account, then add funds to your account in simply a few clicks. Deposits from your bank to Wealthsimple normally take only a few days. Funds can just as easily be withdrawn a chequing or savings accounts using the exact same process.
Which Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An alternative to e-transfers that allow one to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax year and file your tax return online free. It’s described as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination prepaid debit card and savings product which lets one to recieve 1% cashback on your everyday spending, as well as earn a competitive 1.5% interest rate 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, mortgages and more.
Each of the mentioned features, along with Wealthsimple Trade can be accessed within the mobile app or from the site with one login.
So How do I Start Using Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. As an exclusive registration bonus offer for our readers you’ll get the equivalent cash value of a share valued at $25 up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Questions Concerning Wealthsimple Promo $100?
If this article still hasn’t answered each of your questions, and you’re browsing for more information about Wealthsimple Promo $100, go to the Wealthsimple website to get answers to every one of your questions.