Contact Wealthsimple Trade: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stocks and crypto trading platform that distinguishes itself from similar apps by charging no fees. 

A Toronto, Ontario based online financial services business founded in Autumn of twenty fourteen exclusively as a robo advisor trading app called Wealthsimple Invest, it has evolved considerably over the last eight years to also feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade stand alone stocks and also ETFs without paying commissions. The exception to this is when trading ETFs and stocks which are listed in US Dollars. In this case, they charge a currency conversion fee both when buying and selling. However, past us are the times of having to pay $7-12 for each trade with online discount brokerages as was the case a few years past.

How Much Money Will I Need to Have in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have large min deposit amounts of 1K-$5,000. This makes it difficult for the typical investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-registered account types. You can select between both RRSP and TFSA account types in the setup phase. 

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app available to download on both iOS and also Android. The smartphone app makes the signup process and also trading of stocks and ETFs incredibly a breeze.

Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management (AUM). They have been operating for more than 7 years and also right now employs more than 600 people. The majority shareholder is the admired publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage operating in Canada.

But How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so straight forward to add funds to your new account. Simply connect to a chequing or savings account to your Trade account, then add funds to your account in simply a couple of steps. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can also be moved back to a chequing or savings accounts using the same method.

What Additional Features and Products Are Available?

Wealthsimple Cash – An alternative to E-Transfers that allows one to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online free. It’s described to be simple, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows you to get 1% cashback on all your purchases, and also earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a bunch of online courses on saving, investments, crypto, real estate and much more. 

Every one of the listed features, along with Wealthsimple Trade may be accessed on the app or on their site with your Wealthsimple login.

How do I Begin Using Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. As a special signup bonus offer to our audience you’ll get the cash value of a random Canadian stock valued at $25 up to $4,500 Canadian when you make an initial deposit to your account.

So What if I Still Have Questions Related to Login Wealthsimple?

If this article still hasn’t answered each of your questions, and you’re looking for further specific info about Contact Wealthsimple Trade, go to the Wealthsimple website for answers to all your questions.