What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based investing, securities and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.
A leading Canadian online financial services company launched in Fall of twenty fourteen originally as a robo advisor trading app named Wealthsimple Invest, it has grown significantly over the past eight years to include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets consumers trade both stand alone stocks and also ETFs without needing to pay fees. The exception is when you’re trading securities that are listed in USD. In which case, they do charge a small currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 for each trade with digital discount brokerages as was expected only a few years ago.
How Much Cash do I Need in Order to Start on Wealthsimple Trade?
Wealthsimple is unique in that they allow new customers to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large min deposit amounts of 1k-5K. This makes it hard for the every day new investor to start investing. With Wealthsimple Trade, you won’t need to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade offers both registered and non-registered account types. One are able to select between both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app that is offered to download on IOS and also Android. The app makes the enrollment steps and also the trading of stocks and ETFs incredibly easy.
Is Wealthsimple Trade Legit?
Most definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). They have been doing business for more than 7 years and also at this time employs over 600 folks. The primary shareholder is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage operating in Canada.
But How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so straight forward to fund your account. Just connect the app to a chequing or savings account to your Trade account, and add funds to your account in simply a couple of clicks. Deposits from financial institutions to Wealthsimple typically take just a few days. Funds can also be moved back to your chequing or savings accounts with the exact same method.
What Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An alternative to Interac E-Transfers which allows one to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your taxes online free. It’s advertised as simple, accurate and always free tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account which lets one to earn 1% cashback on your everyday purchases, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of different courses on topics like saving, investing, crypto, mortgages and more.
Every one of the mentioned products, including Wealthsimple Trade may be found in the mobile app and on the site with your Wealthsimple login.
How Can I Begin With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will receive the equivalent cash value of a random share valued at $25 up to $4,500 CAD once you deposit to your account.
What if I Still Have Questions Related to Premium Wealthsimple?
If this article didn’t answered all of your questions, and you’re still searching for more specific facts about Premium Wealthsimple, check out the Wealthsimple website to get answers to each your questions.