Dogecoin Wealthsimple Trade: Complete Guide

What is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, stock and crypto trading app that distinguishes itself from its competitors by charging absolutely no fees. 

A fintech company launched in the Fall 2014 exclusively as a robo advisor automated trading platform called Wealthsimple Invest, it has improved substantially over the previous eight years to also feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian investors trade both single stocks and ETFs without needing to pay any fees. The exception to this is when trading stocks and ETFs that are listed in US Dollars. In this case, they will charge a small currency conversion fee both when buying and selling. But, gone are the days of having to pay Upwards of $7 per each trade with discount brokerages as was common a few years past.

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

Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of just $1. Many traditional banks and brokerages have large min deposit amounts of $1,000-5K. This makes it impossible for the typical new investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

They do. Wealthsimple Trade has available both registered and non-CRA-registered account types. One may choose between both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app offered to download on iOS and also Android. The app makes the registration process and the trading of stocks and ETFs painless.

So Is Wealthsimple Trade Legit?

Most definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). they’ve been doing business for more than 7 years and currently employs more than 600 folks. The controlling shareholder is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage operating in Canada.

How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so simple to add funds to your new account. Simply connect to a chequing or savings account with your Trade account, and add funds to your account in simply a few clicks. Deposits from your bank to Wealthsimple normally take just a couple of days. Funds can the same way can be moved back to your chequing or savings account using the same steps.

What Additional Benefits and Products Are Offered by Wealthsimple?

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

Wealthsimple Tax – Everything you require to get ready for tax season and file your taxes online free. It’s advertised as easy, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to get 1% cashback on all your everyday purchases, as well as get a competitive 1.5% interest rate on savings.

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

Every one of the above products, including Wealthsimple Trade can be found on the app or on the site with one login.

But How do I Begin With Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. As a special signup bonus offer for our audience you’ll receive the equivalent cash value of a random stock worth $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.

But What if I Still Have Additional Questions Related to Wealthsimple Rrsp?

If this review still hasn’t given you the answers to each of your questions, and you’re still looking for more answers about Dogecoin Wealthsimple Trade, check out the Wealthsimple website to find answers to all your questions.