What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stocks plus crypto trading platform that distinguishes itself from similar apps by charging absolutely no fees.
A leading Canadian online financial services business launched in Autumn twenty fourteen exclusively as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has improved substantially over the last eight years to include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets investors to trade both stand alone stocks and also ETFs without needing to pay fees. The exception to this is when trading ETFs and stocks which are listed in USD currency. In which case, they do charge a nominal currency conversion fee both when buying and selling. But, past us are the days of having to pay $7-12 per each trade with discount brokerages as was normal a couple years past.
How Much Cash Will I Need in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is awesome such that they allow investors to make a minimum deposit of just $1. Most traditional banks and discount brokerages have quite large initial deposit amounts of 1K-$5000. This makes it tough for the typical new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Offer TFSA Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-registered account types. You can select both RRSP and TFSA accounts in the setup wizard.
Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app that is available on iOS and Google Play. The app makes the enrollment process and also the trading of stocks and ETFs incredibly simple.
Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion CAD of Assets Under Management (AUM). These folks have been in business for more than 7 years and also employs more than 600 people. The primary owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage to operate in Canada.
So How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very easy to fund your new account. Just connect to a chequing or savings account to your Trade account, and then fund your account in just a few clicks. Deposits from financial institutions to Wealthsimple typically take a few days. Funds can also be moved to a chequing or savings account by the exact same method.
What Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to Interac E-Transfers which allow anyone to quickly and easily transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax year and submit your tax return online for free. It’s described to be simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination prepaid debit card and savings product which allows you to recieve 1% cashback on your spending, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which includes a variety of online courses on different topics such as saving, investments, crypto, mortgages and much more.
Each of the mentioned products, including Wealthsimple Trade may be accessed inside the mobile app or on their site with one login.
But How do I Begin Using Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. For an exclusive registration bonus offer to our readers you’ll receive the equivalent cash value of a random Canadian stock worth $25 up to $4,500 Canadian once you deposit to your account.
So What if I Still Have Questions About Sell Crypto Wealthsimple?
If this review still hasn’t answered all of your questions, and you’re still searching for additional specific information relating to Sell Crypto Wealthsimple, go to the Wealthsimple website to get answers to each your questions.