What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stocks and crypto trading app that distinguishes itself from other apps by charging absolutely no fees.
A fintech business launched in the Autumn 2014 exclusively as a robo advisor automated trading platform named Wealthsimple Invest, it has evolved substantially over the last eight years to feature Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets investors to trade individual stocks and also ETFs without having to pay any commissions. The exception to this is when trading ETFs and stocks which are denominated in USD. In this case, they charge a currency conversion fee when buying and selling. But, behind us are the times of paying Upwards of $7 for each trade with discount brokerages as was expected a few years past.
How Much Cash do I Need to Have in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is cool such that they will allow investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large minimum deposit amounts of $1,000-5K. This makes it hard for the every day investor to start. With Wealthsimple Trade, one doesn’t have to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer Registered Accounts?
They do. Wealthsimple Trade offers both registered and non-registered accounts. You are able to choose both RRSP and TFSA accounts during the setup process.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app that is available on both Apple and also Android. The mobile app makes the enrollment phase and also the trading of stocks and ETFs super a breeze.
So Is Wealthsimple Trade Trustworthy?
Definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD of Assets Under Management . They have been in business for more than 7 years and employs more than 600 Canadians. The majority owner is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage operating in Canada.
How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite straight forward to add money to a new account. Just connect a chequing or savings account to your Trade account, and then fund your account in only a couple of clicks. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can the same way can be moved back to your chequing or savings account with the same process.
Which Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to e-Transfers which allows anyone to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax season and submit your tax return online free. It’s advertised to be simple, accurate and always free tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account which allows one to get 1% cashback on all your everyday purchases, and also earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of online courses on different topics such as saving, investments, crypto, mortgages and more.
All of the listed products, including Wealthsimple Trade may be found within the app and at their website with your Wealthsimple login.
But How Can I Start Using Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For an exclusive signup bonus for our audience you’ll receive the equivalent cash value of a share valued at $25 up to $4,500 CAD as soon as you deposit to your account.
So What if I Still Have Additional Questions Concerning Wealthsimple You Have Received A Dividend?
If this article didn’t answered all of your questions, and you’re browsing for further facts about Wealthsimple You Have Received A Dividend, check out the Wealthsimple website for answers to every one of your questions.