What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, securities and crypto trading platform that sets itself apart from the competition by charging absolutely no fees.
A fintech business launched in the Fall twenty fourteen exclusively as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has evolved substantially over the previous eight years to feature Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets Canadian investors to trade both stand alone stocks and ETFs without having to pay commissions. The exception to this is when trading ETFs and stocks which are displayed in US Dollars. In that case, they will charge a nominal currency conversion fee both when buying and selling. But, gone are the times of having to pay more than $7 for each trade with digital discount brokerages as was normal only a few years ago.
Exactly How Much in Funds do I Need to Have in Order to Start With Wealthsimple Trade?
Wealthsimple is unique in that they will allow investors to make a minimum deposit of just $1. Many alternative banks and brokerages have quite large minimum 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.
But Does Wealthsimple Trade Offer TFSA Accounts?
They do. Wealthsimple Trade has registered and non-CRA-registered accounts. You are able to choose between both RRSP and TFSA account types in the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app available to download on both iOS and also Google Play. The smartphone app makes the signup steps and the trading of stocks and ETFs painless.
So Is Wealthsimple Trade Trustworthy?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts more than 15 billion Canadian of Assets Under Management . they’ve been expanding for more than 7 years and also right now employs more than 600 people. The majority shareholder is the public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage to operate in Canada.
How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to add money to a new account. Simply connect the app to a chequing or savings account with your Trade account, and add money to your account in only a couple of clicks. Deposits from your bank to Wealthsimple normally take just a few days. Funds can the same way can be withdrawn your chequing or savings accounts through the same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac e-transfers which allow you to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax year and file your tax return online free. It’s pitched to be easy, accurate and always totally free tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings product that allows you to get 1% cashback on your purchases, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that offers a bunch of online courses on different topics such as saving, investments, crypto, real estate and more.
Each of the mentioned features, including Wealthsimple Trade can be found within the mobile app and on their site with your Wealthsimple login.
So How do I Begin With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For an exclusive signup bonus offer for our audience you’ll get the cash value of a random stock worth up to $4,500 CAD as soon as you make an initial deposit to your account.
So What if I Still Have Additional Questions Concerning 80 Spadina Wealthsimple?
If this article didn’t answered each of your questions, and you’re still browsing for additional information about 80 Spadina Wealthsimple, go to the Wealthsimple website to find answers to all your questions.