What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stocks and crypto trading app that distinguishes itself from other apps by charging absolutely no fees.
A leading Canadian fintech business launched in the Autumn of 2014 exclusively as a robo advisor trading platform called Wealthsimple Invest, it has improved substantially over the past eight years to include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian consumers trade stand alone stocks and ETFs without paying any fees. The exception is when trading stocks which are displayed in USD currency. In that case, they do charge a small currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 per each trade with discount brokerages as was normal just a couple years past.
How Much Money do I Need in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is cool such that they will allow new customers to make a minimum deposit of just $1. Many alternative banks and brokerages have sizeable min deposit amounts of $1,000-$5000. This makes it tough for the common investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Offer RRSP Accounts?
Yes. Wealthsimple Trade has both CRA registered and non-registered account types. One are free to select both RRSP and TFSA account types during the setup wizard.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app offered on Apple and also Android. The smartphone app makes the enrollment process and also trading of stocks and ETFs painless.
But Is Wealthsimple Trade Trustworthy?
Most definitely. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian of Assets Under Management . This company has been operating for more than 7 years and also at this time employs over 600 people. The main shareholder is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage to operate in Canada.
How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite simple to add money to an account. Just connect the app to a chequing or savings account to your Trade account, then add funds to your account in only a couple of steps. Deposits from banks to Wealthsimple typically take just a few days. Funds can also be moved back to a chequing or savings accounts by the same method.
What Additional Features and Products Are Available?
Wealthsimple Cash – This is alternative to e-transfers which allow anyone 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 file your tax return online free. It’s pitched as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination pre paid visa and savings product that lets you to get 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a bunch of different online courses on topics like saving, investments, crypto, home buying and more.
Each of the mentioned features, along with Wealthsimple Trade may be found within the app or at the website with a single login.
But How Should I Begin With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. For an exclusive registration bonus to our readers you’ll receive the cash value of a stock valued at up to $4,500 Canadian once you fund your account.
But What if I Still Have Questions Related to Wealthsimple Zoominfo?
If this blog post hasn’t given you the answers to each of your questions, and you’re searching for more specific facts relating to Wealthsimple Zoominfo, check out the Wealthsimple site to find answers to each your questions.