Wealthsimple Real Time Quotes: Complete Guide

What is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, securities and crypto trading app that differentiates itself from other apps by charging absolutely no fees. 

A leading Canadian online financial services business founded in the Autumn 2014 exclusively as a robo advisor automated trading platform named Wealthsimple Invest, it has improved considerably over the past eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors to trade individual stocks and also ETFs without needing to pay any commissions. The exception to this is when you’re trading securities that are denominated in USD currency. In which case, they do charge a nominal currency conversion fee both when buying and selling. But, past us are the times of having to pay Upwards of $7 per trade with online discount brokerages as was the case just a few years past.

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

Wealthsimple is awesome such that they allow investors to make a minimum deposit of only $1. Most traditional banks and brokerages have large min deposit amounts of 1K-5k. This makes it difficult for the everyday new investor to start. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade offers registered and non-registered account types. One may choose between both RRSP and TFSA account types during the setup process. 

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app offered on both iOS and also Android. The mobile app makes the registration phase and the trading of stocks and ETFs super painless.

Is Wealthsimple Trade Safe?

Of course. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian of Assets Under Management . This company has been in business for more than 7 years and now employs more than 600 Canadians. The controlling owner is the respected publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage operating in Canada.

So How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it easy to deposit to a new account. Just connect the app to a chequing or savings account with your Trade account, and then add funds to your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can just as easily be withdrawn your chequing or savings account by using the same process.

What Other Features and Products Are Available?

Wealthsimple Cash – An alternative to Interac e-Transfers which allows one to quickly and efficiently transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to get ready for tax season and file your tax return online free. It’s described to be simple, accurate and always totally free income tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of different courses on different topics such as saving, investing, crypto, mortgages and more. 

Every one of the listed features, including Wealthsimple Trade can be found in the app or from the website with your Wealthsimple login.

So How do I Get Started Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. As a special registration bonus offer for our readers you’ll get the equivalent cash value of a share worth $25 up to $4,500 Canadian as soon as you fund your account.

But What if I Still Have Questions Concerning Wealthsimple Email?

If this blog post didn’t answered all of your questions, and you’re still looking for further specific answers relating to Wealthsimple Real Time Quotes, visit the Wealthsimple site to find answers to all your questions.