What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stocks plus crypto trading app that sets itself apart from similar apps by charging absolutely no fees.
A online financial services company founded in Autumn twenty fourteen exclusively as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has grown considerably over the previous 8 years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets Canadian consumers to trade individual stocks and also ETFs without having to pay commissions. The exception is when trading ETFs and stocks which are listed in US Dollars. In this case, they do charge a nominal currency conversion fee both when buying and selling. But, behind us are the times of paying more than $7 per each trade with digital discount brokerages as was expected just a couple years ago.
How Much Cash Will I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is unique in that they will allow Canadians to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large minimum deposit amounts of 1K-5k. This makes it difficult for the normal new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
It does. Wealthsimple Trade has available both CRA registered and non-registered account types. One may choose between both RRSP and TFSA accounts in the setup wizard.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app that is offered on Apple and Android. The smartphone app makes the registration steps and also trading of stocks and ETFs very a breeze.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion CAD of Assets Under Management . These folks have been doing business for more than 7 years and also right now employs over 600 people. The main owner is the public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage operating in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to fund a new account. Just connect a chequing or savings account to your Trade account, and then add money to your account in simply a few clicks. Deposits from financial institutions to Wealthsimple typically take just a couple of days. Funds can just as easily be moved to your chequing or savings accounts through the same process.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to Interac e-Transfers that allow anyone to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for tax season and file your tax return online free. It’s described as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product which lets you to get 1% cashback on your everyday spending, and also earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of different online courses on topics like saving, investments, crypto, mortgages and more.
All of the listed features, along with Wealthsimple Trade can be found in the app and from the site with a single login.
How Should I Start With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For a special signup bonus to our audience you will get the equivalent cash value of a random stock valued at $25 up to $4,500 CAD as soon as you deposit to your account.
But What if I Still Have Additional Questions Related to Ethereum Wealthsimple?
If this article didn’t given you the answers to all of your questions, and you’re searching for further facts about Ethereum Wealthsimple, check out the Wealthsimple site to get answers to all your questions.