Etf Fees Wealthsimple Trade: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, stock plus crypto trading web app that sets itself apart from similar apps by charging absolutely no fees. 

A Toronto, Ontario based fintech business founded in the Autumn of 2014 exclusively as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has changed considerably over the previous eight years to include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows Canadian consumers to trade both single stocks and also ETFs without having to pay any commissions. The exception to this is when trading stocks that are displayed in USD currency. In this case, they do charge a currency conversion fee both when buying and selling. However, behind us are the times of paying $7-12 per trade with digital discount brokerages as was the norm a couple years ago.

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

Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of just $1. Many alternative banks and discount brokerages have sizeable initial deposit amounts of $1000-$5,000. This makes it hard for the normal investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade has available registered and non-registered account types. One may select both RRSP and TFSA accounts in the setup wizard. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered to download on both IOS and also Google Play. The app makes the enrollment phase and also trading of stocks and ETFs truly painless.

Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is legit. Wealthsimple reports in excess of 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also employs more than 600 folks. The main owner is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.

So How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to fund a new account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in only a few steps. Deposits from financial institutions to Wealthsimple typically take a few days. Funds can the same way can be moved to your chequing or savings account with the exact same process.

Which Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to Interac E-transfers that allow one to quickly and easily transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax year and file your taxes online free. It’s described as simple, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which allows you to recieve 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.

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

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

How do I Start With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will receive the cash value of a share worth $25 up to $4,500 CAD as soon as you deposit to your account.

But What if I Still Have Additional Questions Concerning Referral Code Wealthsimple?

If this article didn’t given you the answers to each of your questions, and you’re searching for more specific facts relating to Etf Fees Wealthsimple Trade, check out the Wealthsimple website for answers to every one of your questions.