What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian digital Financial, securities and crypto trading platform that sets itself apart from similar apps by charging no fees.
A online financial services company founded in Fall of twenty fourteen exclusively as a robo advisor trading platform called Wealthsimple Invest, it has changed considerably over the previous 8 years to also feature Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows Canadian investors to trade stand alone stocks and ETFs without needing to pay fees. The exception to this is when trading ETFs and stocks which are listed in USD. In which case, they charge a nominal currency conversion fee when buying and selling. But, behind us are the days of paying more than $7 per each trade with online discount brokerages as was the norm only a few years ago.
Exactly How Much Cash Will I Need to Have in Order to Start Investing on Wealthsimple Trade?
Wealthsimple is awesome in that they allow investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have large minimum deposit amounts of $1,000-5K. This makes it impossible for the common investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade offers CRA registered and non-CRA-registered account types. You are able to select both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app that is offered on IOS and also Google Play. The app makes the enrollment steps and also the trading of stocks and ETFs super a breeze.
So Is Wealthsimple Trade Safe?
Definitely. Wealthsimple Trade is legit. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management (AUM). This company has been operating for more than 7 years and right now employs more than 600 people. The majority owner is the large publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.
But How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so simple to fund your account. Simply 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 typically take just a couple of days. Funds can also be withdrawn your chequing or savings account through the same method.
What Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to e-transfers which allow one to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax year and file your taxes online for free. It’s pitched to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account that allows you to recieve 1% cashback on your everyday purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a variety of courses on different topics such as saving, investments, crypto, home buying and more.
All of the mentioned features, along with Wealthsimple Trade can be accessed within the mobile app and on their site with a single login.
How Should I Get Started Using Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. As an exclusive registration bonus for our audience you’ll get the equivalent cash value of a random share valued at $25 up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Questions About Wealthsimple Ytd Returns?
If this article still hasn’t given you the answers to all of your questions, and you’re still searching for more specific information about Wealthsimple Ytd Returns, go to the Wealthsimple site to find answers to each your questions.