Best Stocks On Wealthsimple Trade: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading platform that differentiates itself from its competitors by charging absolutely no fees. 

A online financial services business launched in Autumn of 2014 exclusively as a robo-advisor trading platform called Wealthsimple Invest, it has evolved significantly over the last 8 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 both individual stocks and also ETFs without having to pay fees. The exception to this is when trading securities which are listed in USD. In that case, they will charge a currency conversion fee both when buying and selling. But, past us are the days of having to pay $7-12 for each trade with discount brokerages as was expected a few years past.

How Much in Funds Will I Need to Have in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is awesome in that they allow investors to make a minimum deposit of only $1. Most traditional banks and brokerages have large initial deposit amounts of 1k-5k. This makes it tough for the everyday new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

Yes. Wealthsimple Trade has available both registered and non-registered accounts. You are able to choose between both RRSP and TFSA accounts in the setup phase. 

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app offered on both Apple and also Android. The smartphone app makes the registration process and the trading of stocks and ETFs very easy.

So Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion Canadian in Assets Under Management . These folks have been doing business for more than 7 years and right now employs over 600 folks. The majority owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage operating in Canada.

So How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to fund your account. Simply connect the app to a chequing or savings account with your Trade account, then fund your account in simply a few steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can the same way can be moved back to your chequing or savings accounts through the same steps.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to E-transfers that allows you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax season and file your tax return online free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which allows you to recieve 1% cashback on all your everyday spending, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a bunch of online courses on saving, investing, crypto, mortgages and more. 

Every one of the listed features, including Wealthsimple Trade may be found in the app and on the website with a single login.

How Should I Begin Using Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. For an exclusive registration bonus offer to our readers you will get the cash value of a share worth up to $4,500 Canadian when you make an initial deposit to your account.

But What if I Still Have Questions About Koinly Wealthsimple?

If this article hasn’t answered all of your questions, and you’re browsing for more specific info relating to Best Stocks On Wealthsimple Trade, visit the Wealthsimple website to find answers to each your questions.