What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian web based Financial, stock and crypto trading app that differentiates itself from other apps by charging absolutely no fees.
A fintech business launched in Fall of twenty fourteen exclusively as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has grown considerably over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors trade single stocks and also ETFs without needing to pay any fees. The exception to this is when you’re trading stocks and ETFs which are displayed in USD currency. In this case, they will charge a currency conversion fee both when buying and selling. But, past us are the days of paying more than $7 per each trade with online discount brokerages as was common a couple years ago.
Exactly How Much Cash do I Need to Have to Start With Wealthsimple Trade?
Wealthsimple is special such that they will allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have large initial deposit amounts of $1,000-5K. This makes it difficult for the everyday investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade has both registered and non-CRA-registered accounts. One can select between both RRSP and TFSA accounts during the setup process.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app offered on Apple and Android. The mobile app makes the enrollment process and trading of stocks and ETFs simple.
Is Wealthsimple Trade Trustworthy?
Of course. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian in Assets Under Management . This company has been in business for more than 7 years and also now employs more than 600 folks. The controlling shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage to operate in Canada.
But How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite simple to fund an account. Just connect to a chequing or savings account with your Trade account, and then fund your account in simply 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 accounts using the exact same process.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers that allow you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your taxes online free. It’s pitched to be simple, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows you to get 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a bunch of online courses on topics like saving, investing, crypto, mortgages and much more.
All of the listed features, along with Wealthsimple Trade may be accessed within the mobile app or on the site with a single login.
How Can I Begin Using Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you will receive the equivalent cash value of a random share worth $25 up to $4,500 CAD when you deposit to your account.
What if I Still Have Questions Concerning Wealthsimple Withdrawal Time?
If this review didn’t given you the answers to each of your questions, and you’re still browsing for further specific information about List Of Stocks Available On Wealthsimple Trade, check out the Wealthsimple site for answers to every one of your questions.