List Of Stocks On Wealthsimple Trade: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, securities and crypto trading app that sets itself apart from similar apps by charging absolutely no fees. 

A Toronto, Ontario based online financial services business launched in the Autumn 2014 originally as a robo advisor automated trading app named Wealthsimple Invest, it has improved substantially over the last eight years to feature Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade single stocks and also ETFs without having to pay any fees. The exception is when trading securities which are displayed in USD. In this case, they do charge a currency conversion fee when buying and selling. But, behind us are the times of paying more than $7 for each trade with digital discount brokerages as was the norm just a few years past.

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

Wealthsimple is unique such that they allow new customers to make a minimum deposit of just $1. Most traditional banks and discount brokerages have sizeable minimum deposit amounts of 1k-$5000. This makes it impossible for the every day new investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade offers both CRA registered and non-registered accounts. One are able to select between both RRSP and TFSA account types during the setup phase. 

So Does Wealthsimple Trade Offer a Mobile Application?

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

Is Wealthsimple Trade Safe?

For sure. Wealthsimple Trade is legit. Wealthsimple has over 15 billion CAD of Assets Under Management . This company has been doing business for more than 7 years and currently employs over 600 people. The majority owner is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage operating in Canada.

How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very easy to add money to a new account. Simply connect the app to a chequing or savings account with your Trade account, then fund your account in simply a couple of steps. Deposits from banks to Wealthsimple typically take a few days. Funds can just as easily be withdrawn a chequing or savings accounts by the exact same process.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to e-Transfers which allow anyone to quickly and simply transfer money to friends and family in Canada.

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

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

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

Every one of the above products, including Wealthsimple Trade may be accessed in the app and from their website with a single login.

But How do I Begin With Wealthsimple Trade?

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

What if I Still Have Questions Related to Wealthsimple Withdraw Crypto?

If this review still hasn’t answered all of your questions, and you’re still looking for further answers about List Of Stocks On Wealthsimple Trade, go to the Wealthsimple site to get answers to every one of your questions.