What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, stock and crypto trading app that distinguishes itself from other apps by charging absolutely no fees.
A leading Canadian fintech business founded in the Fall twenty fourteen exclusively as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has grown considerably over the last eight years to feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors trade single stocks and also ETFs without needing to pay fees. The exception is when trading stocks and ETFs which are displayed in US Dollars. In this case, they do charge a nominal currency conversion fee both when buying and selling. However, gone are the times of having to pay $7-12 per trade with discount brokerages as was expected just a couple years past.
Exactly How Much Money do I Need to Start on Wealthsimple Trade?
Wealthsimple is special such that they allow Canadians to make a minimum deposit of only $1. Many traditional banks and brokerages have sizeable minimum deposit amounts of 1K-5K. This makes it impossible for the typical investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer Registered Accounts?
Yes. Wealthsimple Trade has available CRA registered and non-CRA-registered accounts. One are free to choose both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app available to download on iOS and also Google Play. The app makes the registration steps and the trading of stocks and ETFs very easy.
But Is Wealthsimple Trade Safe?
Definitely. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion CAD of Assets Under Management . This company has been expanding for more than 7 years and employs roughly 600 people. The primary shareholder is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage to operate in Canada.
So How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly easy to add funds to your account. Just connect a chequing or savings account with your Trade account, then add money to your account in only a couple of steps. Deposits from financial institutions to Wealthsimple typically take only a couple of days. Funds can just as easily be moved back to a chequing or savings accounts with the exact same process.
Which Other Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to e-Transfers that allow you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for tax year and submit your taxes online free. It’s described to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which allows one to get 1% cashback on all your spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of different courses on saving, investing, crypto, home buying and much more.
Each of the listed features, including Wealthsimple Trade may be accessed in the mobile app and at their site with one login.
But How Can I Start With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As an exclusive signup bonus to our readers you will receive the cash value of a stock worth up to $4,500 Canadian as soon as you make an initial deposit to your account.
So What if I Still Have Questions Concerning 241 Spadina Ave Wealthsimple?
If this blog post hasn’t given you the answers to each of your questions, and you’re still searching for further specific info about 241 Spadina Ave Wealthsimple, check out the Wealthsimple website to find answers to all your questions.