What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stock and crypto trading web app that sets itself apart from similar apps by charging no fees.
A leading Canadian online financial services business founded in Fall twenty fourteen exclusively as a robo advisor trading platform named Wealthsimple Invest, it has grown substantially over the last 8 years to include Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets investors to trade both stand alone stocks and ETFs without paying commissions. The exception to this is when trading ETFs and stocks which are displayed in USD. In that case, they will charge a nominal currency conversion fee when buying and selling. But, past us are the times of having to pay Upwards of $7 per each trade with online discount brokerages as was the case just a few years ago.
Exactly How Much Cash Will I Need in Order to Start on Wealthsimple Trade?
Wealthsimple is cool in that they allow new customers to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large minimum deposit amounts of $1000-$5,000. This makes it hard for the typical investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
Of course. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One may choose between both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on both Apple and also Google Play. The smartphone app makes the signup phase and the trading of stocks and ETFs super a breeze.
So Is Wealthsimple Trade Secure?
Yes. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion CAD in Assets Under Management . This company has been doing business for more than 7 years and right now employs roughly 600 folks. The majority shareholder is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage to operate in Canada.
But How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so easy to fund a new account. Simply connect to a chequing or savings account to your Trade account, and add funds to your account in just a couple of clicks. Deposits from your bank to Wealthsimple usually take a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by the exact same method.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is equivalent to Interac e-Transfers that allows you to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for this tax year and file your taxes online for free. It’s pitched as simple, accurate and always free tax return filing.
Wealthsimple Spend – A combination prepaid visa and savings product which allows one to earn 1% cashback on your purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a variety of online courses on saving, investing, crypto, real estate and much more.
Every one of the mentioned products, along with Wealthsimple Trade can be accessed within the mobile app or at their website with a single login.
But How Can I Start Using Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For an exclusive signup bonus to our audience you’ll receive the equivalent cash value of a stock worth up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Questions Concerning Buy Xrp Wealthsimple?
If this blog post hasn’t given you the answers to each of your questions, and you’re still looking for additional specific facts about Buy Xrp Wealthsimple, check out the Wealthsimple site for answers to each your questions.