What is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, stock and crypto trading web app that distinguishes itself from its competitors by charging absolutely no fees.
A online financial services company founded in Fall of twenty fourteen originally as a robo advisor trading platform called Wealthsimple Invest, it has evolved considerably over the previous eight years to feature Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows investors to trade both single stocks and also ETFs without paying fees. The exception to this is when you’re trading stocks that are listed in USD currency. In that case, they will charge a nominal currency conversion fee when buying and selling. But, gone are the times of paying $7-12 for each trade with online discount brokerages as was expected only a few years past.
Exactly How Much Money do I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of just $1. Many alternative banks and brokerages have sizeable initial deposit amounts of 1k-5k. This makes it difficult for the every day new investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
Yes. Wealthsimple Trade has registered and non-CRA-registered account types. You may choose both RRSP and TFSA account types during the setup wizard.
Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app offered on both IOS and also Android. The app makes the enrollment process and also trading of stocks and ETFs truly painless.
But Is Wealthsimple Trade Legit?
Of course. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian in Assets Under Management . They have been expanding for more than 7 years and right now employs over 600 people. The main shareholder is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage to operate in Canada.
How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very easy to fund a new account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in only a couple of steps. Deposits from banks to Wealthsimple usually take a couple of days. Funds can just as easily be moved to a chequing or savings account with the same method.
What Other Features and Products Are Available?
Wealthsimple Cash – This is alternative to e-Transfers that allows one to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax season and submit your tax return online for free. It’s advertised to be simple, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which lets you to recieve 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a ton of courses on different topics such as saving, investing, crypto, mortgages and much more.
All of the above products, including Wealthsimple Trade may be found on the app or on the website with one login.
So How Can I Begin With Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. For a special registration bonus for our readers you will receive the equivalent cash value of a share worth $25 up to $4,500 CAD when you make an initial deposit to your account.
But What if I Still Have Additional Questions About Limit Order Wealthsimple?
If this review hasn’t answered each of your questions, and you’re still browsing for additional answers relating to Cheapest Stocks On Wealthsimple Trade, visit the Wealthsimple site to find answers to each your questions.