What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading platform that distinguishes itself from similar apps by charging absolutely no fees.
A Toronto, Ontario based fintech business founded in Autumn twenty fourteen originally as a robo advisor automated trading app named Wealthsimple Invest, it has evolved significantly over the last eight years to feature Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows investors trade both single stocks and ETFs without having to pay commissions. The exception is when you’re trading stocks and ETFs that are displayed in USD currency. In which case, they do charge a small currency conversion fee both when buying and selling. However, behind us are the days of having to pay more than $7 per each trade with online discount brokerages as was normal a couple years past.
Exactly How Much Money do I Need to Have to Start on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have sizeable minimum deposit amounts of $1,000-5k. This makes it difficult for the every day new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have RRSP Accounts?
They do. Wealthsimple Trade offers both CRA registered and non-CRA-registered accounts. You may choose both RRSP and TFSA account types in the setup process.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app offered to download on iOS and also Android. The mobile app makes the registration phase and also the trading of stocks and ETFs very a breeze.
So Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). These folks have been operating for more than 7 years and at this time employs over 600 folks. The main owner is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.
But How Does One Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very simple to deposit to your new account. Just connect a chequing or savings account with your Trade account, then add money to your account in simply a few steps. Deposits from banks to Wealthsimple typically take just a few days. Funds can also be moved to your chequing or savings account using the same method.
What Other Benefits and Products Are Available?
Wealthsimple Cash – An alternative to Interac E-Transfers that allow anyone to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax year and submit your taxes online free. It’s described to be easy, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product that allows you to recieve 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of courses on different topics such as saving, investing, crypto, home buying and more.
Each of the above features, including Wealthsimple Trade may be found within the mobile app or from their website with your Wealthsimple login.
So How Should I Begin Using Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. As a special registration bonus offer to our audience you will receive the equivalent cash value of a random Canadian stock valued at up to $4,500 CAD once you fund your account.
So What if I Still Have Additional Questions About Wealthsimple 50 Bonus?
If this review didn’t given you the answers to each of your questions, and you’re still looking for additional info about Transfer Funds From Wealthsimple Trade To Crypto, go to the Wealthsimple site for answers to every one of your questions.