Short Sell Wealthsimple Trade: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, securities and crypto trading web app that distinguishes itself from other apps by charging absolutely no fees. 

A online financial services company launched in the Autumn of twenty fourteen exclusively as a robo advisor algorithmic trading app called Wealthsimple Invest, it has grown substantially over the last 8 years to feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows investors to trade stand alone stocks and also ETFs without paying any commissions. The exception is when you’re trading stocks that are listed in USD currency. In that case, they do charge a nominal currency conversion fee when buying and selling. However, past us are the days of having to pay Upwards of $7 per each trade with digital discount brokerages as was expected just a few years past.

Exactly How Much Money Will I Need to Start Investing on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of 1K-5K. This makes it hard for the normal new investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

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

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app available to download on both IOS and also Android. The mobile app makes the signup steps and also trading of stocks and ETFs super painless.

But Is Wealthsimple Trade Legit?

Of course. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). They have been operating for more than 7 years and also at this time employs more than 600 people. The primary owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to fund an account. Simply connect to a chequing or savings account with your Trade account, and then fund your account in just a few clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can just as easily be moved back to your chequing or savings accounts with the same method.

What Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to E-transfers that allow anyone to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax season and submit your tax return online free. It’s pitched to be easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to get 1% cashback on your purchases, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different online courses on topics like saving, investments, crypto, home buying and more. 

All of the mentioned features, including Wealthsimple Trade can be found on the mobile app and on their website with a single login.

How do I Begin Using Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For a special registration bonus offer to our readers you’ll receive the cash value of a Canadian stock worth $25 up to $4,500 Canadian once you deposit to your account.

So What if I Still Have Additional Questions Related to Wealthsimple Risk Level 3?

If this blog post didn’t given you the answers to all of your questions, and you’re still searching for further information relating to Short Sell Wealthsimple Trade, check out the Wealthsimple website to get answers to all your questions.