What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, stocks and crypto trading platform that sets itself apart from other apps by charging no fees.
A leading Canadian online financial services company launched in Fall twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has improved significantly over the previous 8 years to feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows consumers to trade both stand alone stocks and ETFs without needing to pay commissions. The exception to this is when trading ETFs and stocks that are denominated in USD. In that case, they charge a nominal currency conversion fee both when buying and selling. But, past us are the times of paying more than $7 per trade with discount brokerages as was normal a few years past.
Exactly How Much Money do I Need to Have to Start on Wealthsimple Trade?
Wealthsimple is special in that they allow new customers to make a minimum deposit of just $1. Many traditional banks and brokerages have large min deposit amounts of 1k-$5000. This makes it impossible for the typical investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have TFSA Accounts?
They do. Wealthsimple Trade has available registered and non-registered account types. You may choose between both RRSP and TFSA account types in the setup phase.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app that is offered on both iOS and Android. The app makes the signup phase and also trading of stocks and ETFs truly simple.
So Is Wealthsimple Trade Safe?
Definitely. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion CAD in Assets Under Management (AUM). These folks have been doing business for more than 7 years and also employs roughly 600 Canadians. The primary owner is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.
So How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very easy to add funds to your account. Just connect a chequing or savings account with your Trade account, and then add funds to your account in just a couple of steps. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can the same way can be moved to a chequing or savings accounts by using the exact same method.
What Other Features and Products Are Available?
Wealthsimple Cash – This is equivalent to e-Transfers which allows 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 taxes online free. It’s pitched to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to earn 1% cashback on your spending, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which includes a ton of different courses on topics like saving, investing, crypto, home buying and more.
Every one of the mentioned features, including Wealthsimple Trade may be accessed in the mobile app or at their site with your Wealthsimple login.
So How do I Get Started Using Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll get the equivalent cash value of a random share valued at $25 up to $4,500 CAD when you deposit to your account.
So What if I Still Have Additional Questions Concerning Does Wealthsimple Have Fractional Shares?
If this review still hasn’t answered all of your questions, and you’re still searching for more specific info relating to Transfer Wealthsimple Trade To Invest, visit the Wealthsimple site to find answers to each your questions.