What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, stocks and crypto trading platform that differentiates itself from the competition by charging no fees.
A leading Canadian online financial services business launched in the Fall twenty fourteen originally as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has evolved significantly over the previous 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian consumers trade individual stocks and ETFs without needing to pay commissions. The exception to this is when trading stocks that are listed in US Dollars. In that case, they do charge a small currency conversion fee when buying and selling. However, past us are the times of having to pay Upwards of $7 for each trade with discount brokerages as was the case a few years past.
Exactly How Much in Funds do I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is special in that they will allow investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have large minimum deposit amounts of 1K-$5,000. This makes it impossible for the everyday new investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade offers registered and non-CRA-registered accounts. You may select both RRSP and TFSA account types in the setup phase.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app available to download on IOS and also Google Play. The mobile app makes the registration phase and also trading of stocks and ETFs truly painless.
So Is Wealthsimple Trade Trustworthy?
Of course. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion Canadian of Assets Under Management . These folks have been in business for more than 7 years and also currently employs roughly 600 folks. The controlling shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to add funds to a new account. Simply connect a chequing or savings account with your Trade account, then add money to your account in simply a couple of steps. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts through the exact same steps.
What Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is equivalent to Interac E-Transfers that allows one to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and file your taxes online 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 get 1% cashback on all your spending, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a variety of online courses on saving, investments, crypto, home buying and much more.
Every one of the listed features, along with Wealthsimple Trade can be accessed within the app or from their site with a single login.
How Should I Start With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. As a special registration bonus offer to our audience you will get the equivalent cash value of a share worth up to $4,500 Canadian once you deposit to your account.
But What if I Still Have Questions Related to Stop Limit Sell Wealthsimple?
If this blog post didn’t answered all of your questions, and you’re searching for more specific facts about Stop Limit Sell Wealthsimple, visit the Wealthsimple site to find answers to all your questions.