What is Wealthsimple?
Wealthsimple is a simple to use Canadian online Financial, securities and crypto trading platform that sets itself apart from the competition by charging no fees.
A Toronto, Ontario based online financial services business founded in the Fall of twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has evolved substantially over the past eight years to include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows investors trade stand alone stocks and also ETFs without paying fees. The exception to this is when you’re trading stocks and ETFs which are listed in USD currency. In which case, they will charge a small currency conversion fee when buying and selling. But, gone are the days of paying more than $7 for each trade with online discount brokerages as was the case only a couple years past.
How Much in Funds do I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is special in that they allow investors to make a minimum deposit of only $1. Most alternative banks and brokerages have sizeable min deposit amounts of $1000-5k. This makes it tough for the normal investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
They do. Wealthsimple Trade has registered and non-registered accounts. You may choose both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app offered on both iOS and also Google Play. The mobile app makes the signup process and the trading of stocks and ETFs simple.
So Is Wealthsimple Trade Legit?
Most definitely. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management . This company has been operating for more than 7 years and also currently employs more than 600 people. The majority shareholder is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage to operate in Canada.
So How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite easy to fund your account. Simply connect the app to a chequing or savings account with your Trade account, and add money to your account in only a few clicks. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can also be moved back to a chequing or savings accounts by the exact same steps.
Which Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to E-Transfers which allows one to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for this tax year and submit your taxes online for free. It’s advertised as easy, accurate and always free income tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product that allows one to get 1% cashback on all your spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a variety of courses on different topics such as saving, investing, crypto, mortgages and much more.
All of the above products, including Wealthsimple Trade may be accessed in the mobile app and at the website with a single login.
But How Should I Get Started With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. As an exclusive registration bonus to our audience you will get the cash value of a random share worth $25 up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Additional Questions About Wealthsimple Zoominfo?
If this article hasn’t answered all of your questions, and you’re still searching for more specific answers relating to Open Wealthsimple Trade Account, check out the Wealthsimple website to get answers to every one of your questions.