What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stocks and crypto trading platform that sets itself apart from its competitors by charging no fees.
A online financial services company launched in Autumn of twenty fourteen exclusively as a robo-advisor automated trading app named Wealthsimple Invest, it has evolved substantially over the last 8 years to feature Wealthsimple Trade, a zero fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets consumers to trade single stocks and also ETFs without paying fees. The exception is when trading ETFs and stocks which are displayed in USD. In this case, they will charge a currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 for each trade with online discount brokerages as was the case just a few years ago.
Exactly How Much Cash do I Need to Have to Start Investing With Wealthsimple Trade?
Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large min deposit amounts of 1K-5k. This makes it tough for the every day new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer RRSP Accounts?
Of course. Wealthsimple Trade has CRA registered and non-registered accounts. One are free to select both RRSP and TFSA accounts in the setup phase.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app that is available on iOS and Google Play. The app makes the signup steps and the trading of stocks and ETFs very a breeze.
Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management (AUM). This company has been expanding for more than 7 years and also right now employs over 600 folks. The controlling shareholder is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage to operate in Canada.
How Does One Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it easy to add money to an account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in just a few clicks. Deposits from your bank to Wealthsimple usually take only a few days. Funds can the same way can be moved to a chequing or savings accounts by using the exact same method.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to E-Transfers which allow you to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for tax season and file your taxes online free. It’s pitched to be easy, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product that lets you to recieve 1% cashback on all your everyday spending, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a bunch of different courses on different topics such as saving, investing, crypto, mortgages and much more.
Every one of the mentioned features, along with Wealthsimple Trade can be accessed in the app and on the site with your Wealthsimple login.
But How Should I Begin With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll receive the equivalent cash value of a random stock valued at up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Additional Questions Related to Wealthsimple Risk Level 10?
If this article still hasn’t answered all of your questions, and you’re still searching for additional information about Wealthsimple Risk Level 10, check out the Wealthsimple site to get answers to each your questions.