What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online investing, securities plus crypto trading web app that differentiates itself from other apps by charging absolutely no fees.
A leading Canadian fintech company founded in Fall of twenty fourteen originally as a robo-advisor trading app called Wealthsimple Invest, it has improved significantly over the past 8 years to include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors to trade both single stocks and also ETFs without having to pay commissions. The exception is when you’re trading securities which are displayed in US Dollars. In which case, they charge a currency conversion fee both when buying and selling. But, behind us are the times of having to pay $7-12 per each trade with discount brokerages as was expected just a few years ago.
Exactly How Much Money do I Need to Start Investing With Wealthsimple Trade?
Wealthsimple is special such that they will allow Canadian investors to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large min deposit amounts of $1000-$5000. This makes it impossible for the normal investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Have TFSA Accounts?
They do. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. One may select both RRSP and TFSA accounts during the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app offered to download on Apple and also Google Play. The mobile app makes the signup steps and trading of stocks and ETFs super simple.
Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion Canadian in Assets Under Management (AUM). These folks have been doing business for more than 7 years and currently employs roughly 600 Canadians. The controlling shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage operating in Canada.
But How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very easy to deposit to your account. Just connect a chequing or savings account to your Trade account, and add funds to your account in simply a few clicks. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can the same way can be withdrawn a chequing or savings accounts with the same method.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to E-Transfers that allows one to quickly and easily transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for this tax season and file your tax return online free. It’s described to be easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product that allows one to earn 1% cashback on your purchases, and also get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that includes a bunch of online courses on topics like saving, investments, crypto, mortgages and more.
Each of the above products, including Wealthsimple Trade may be found within the app or on their site with one login.
How do I Get Started Using Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will get the equivalent cash value of a share worth $25 up to $4,500 CAD when you deposit to your account.
But What if I Still Have Questions About Nft Wealthsimple?
If this blog post still hasn’t answered all of your questions, and you’re looking for further specific facts relating to Nft Wealthsimple, visit the Wealthsimple website for answers to all your questions.