Does Wealthsimple Trade Xrp: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital Financial, stock plus crypto trading web app that sets itself apart from the competition by charging no fees. 

A Toronto, Ontario based online financial services company founded in Autumn 2014 exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has changed considerably over the past 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets Canadian investors to trade individual stocks and ETFs without paying any fees. The exception is when you’re trading securities that are denominated in USD. In which case, they do charge a small currency conversion fee when buying and selling. However, past us are the days of having to pay Upwards of $7 per each trade with digital discount brokerages as was common a couple years past.

How Much in Funds do I Need to Have in Order to Start on Wealthsimple Trade?

Wealthsimple is special in that they allow investors to make a minimum deposit of just $1. Many alternative banks and discount brokerages have large initial deposit amounts of $1000-$5,000. This makes it impossible for the typical new investor to start investing. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade has CRA registered and non-CRA-registered account types. You are free to select both RRSP and TFSA account types during the setup process. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a convenient mobile app offered to download on both IOS and Google Play. The app makes the registration phase and also trading of stocks and ETFs very a breeze.

Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is safe. Wealthsimple boasts 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 over 600 people. The controlling owner is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to fund an account. Just connect to a chequing or savings account to your Trade account, and add money to your account in just a couple of clicks. Deposits from banks to Wealthsimple typically take just a few days. Funds can the same way can be moved to a chequing or savings account with the exact same steps.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to Interac e-Transfers that allow anyone to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for tax season and file your tax return online for free. It’s pitched to be easy, accurate and always totally free tax return filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of different online courses on different topics such as saving, investing, crypto, mortgages and much more. 

Each of the listed products, along with Wealthsimple Trade can be found within the app or at the website with a single login.

How Should I Begin With Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. As a special signup bonus for our audience you will receive the equivalent cash value of a stock worth $25 up to $4,500 CAD as soon as you deposit to your account.

So What if I Still Have Questions Related to Wealthsimple Press Release?

If this review still hasn’t given you the answers to all of your questions, and you’re searching for further specific information relating to Does Wealthsimple Trade Xrp, go to the Wealthsimple site to find answers to each your questions.