Link Wealthsimple Trade To Mint: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital Financial, securities and crypto trading web app that sets itself apart from similar apps by charging no fees. 

A leading Canadian online financial services business launched in Fall of twenty fourteen originally as a robo advisor trading app called Wealthsimple Invest, it has evolved substantially over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers trade both single stocks and ETFs without having to pay any commissions. The exception is when you’re trading ETFs and stocks which are listed in USD currency. In that case, they will charge a small currency conversion fee when buying and selling. But, gone are the days of having to pay more than $7 per trade with digital discount brokerages as was the norm a few years past.

Exactly How Much Cash do I Need to Have in Order to Start Investing on Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadians to make a minimum deposit of just $1. Most traditional banks and brokerages have sizeable minimum deposit amounts of 1k-$5000. This makes it tough 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 Have TFSA Accounts?

It does. Wealthsimple Trade offers registered and non-registered account types. One are able to choose between both RRSP and TFSA accounts in the setup phase. 

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is offered on iOS and Android. The app makes the signup process and the trading of stocks and ETFs super easy.

So Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is trustworthy. Wealthsimple boasts in excess of 15 billion CAD of Assets Under Management (AUM). they’ve been operating for more than 7 years and at this time employs roughly 600 folks. The majority shareholder is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage to operate in Canada.

So How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to add funds to an account. Just connect to a chequing or savings account with your Trade account, and then add funds to your account in only a few clicks. Deposits from your bank to Wealthsimple typically take a few days. Funds can just as easily be moved back to your chequing or savings account through the exact same process.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to e-Transfers which allow anyone to quickly and easily transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid pre paid debit card and savings account which allows you to recieve 1% cashback on all your everyday spending, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a ton of courses on saving, investing, crypto, home buying and more. 

All of the listed features, along with Wealthsimple Trade can be accessed within the mobile app or at the site with a single login.

So How Can I Start Using Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For a special registration bonus to our readers you will get the cash value of a share valued at up to $4,500 Canadian as soon as you fund your account.

But What if I Still Have Additional Questions Concerning Wealthsimple Withdrawal?

If this review didn’t given you the answers to all of your questions, and you’re browsing for additional answers relating to Link Wealthsimple Trade To Mint, go to the Wealthsimple website to find answers to every one of your questions.