Mint Access Token Wealthsimple Trade: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading app that distinguishes itself from the competition by charging absolutely no fees. 

A online financial services business launched in Fall twenty fourteen originally as a robo-advisor trading app called Wealthsimple Invest, it has changed considerably over the previous eight years to include Wealthsimple Trade, a zero fee discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows Canadian investors trade both individual stocks and ETFs without paying any commissions. The exception is when you’re trading ETFs and stocks which are denominated in USD currency. In that case, they charge a small currency conversion fee both when buying and selling. However, behind us are the times of paying Upwards of $7 per trade with online discount brokerages as was normal just a couple years ago.

How Much Money do I Need to Have to Get Started on Wealthsimple Trade?

Wealthsimple is unique in that they allow new customers to make a minimum deposit of just $1. Many alternative banks and discount brokerages have quite large initial deposit amounts of 1k-5k. This makes it impossible for the common investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Have RRSP Accounts?

Yes. Wealthsimple Trade has available both registered and non-registered account types. One can select between both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on IOS and Google Play. The smartphone app makes the registration phase and trading of stocks and ETFs very painless.

But Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also currently employs roughly 600 folks. The majority shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage operating in Canada.

How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to deposit to your new account. Just connect the app to a chequing or savings account with your Trade account, then add money to your account in just a couple of steps. Deposits from your bank to Wealthsimple usually take only a few days. Funds can also be moved to a chequing or savings accounts by using the exact same method.

What Additional Features and Products Are Available?

Wealthsimple Cash – An alternative to e-Transfers that allows you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax year and submit your taxes online free. It’s pitched to be simple, accurate and always free tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a bunch of online courses on topics like saving, investing, crypto, home buying and more. 

Each of the mentioned features, along with Wealthsimple Trade may be accessed inside the mobile app or on their website with one login.

But How Can I Start Using Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For a special registration bonus offer to our readers you’ll get the cash value of a random stock valued at $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.

What if I Still Have Additional Questions Related to Xpev Wealthsimple?

If this article hasn’t given you the answers to each of your questions, and you’re searching for further information about Mint Access Token Wealthsimple Trade, go to the Wealthsimple site for answers to every one of your questions.