What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian online Financial, stocks plus crypto trading web app that differentiates itself from similar apps by charging no fees.
A fintech business founded in the Autumn twenty fourteen originally as a robo advisor automated trading platform called Wealthsimple Invest, it has grown considerably over the past eight years to feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets consumers to trade single stocks and ETFs without having to pay any commissions. The exception is when you’re trading stocks and ETFs which are listed in USD currency. In this case, they will charge a small currency conversion fee when buying and selling. But, behind us are the days of paying Upwards of $7 per each trade with discount brokerages as was common only a few years ago.
Exactly How Much Money do I Need to Have in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is unique such that they allow Canadians to make a minimum deposit of only $1. The majority of alternative banks and brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it impossible for the common new investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Have TFSA Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-registered accounts. One are free to select both RRSP and TFSA accounts in the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a modern mobile app available on both IOS and also Google Play. The smartphone app makes the registration process and also the trading of stocks and ETFs truly a breeze.
So Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management (AUM). This company has been doing business for more than 7 years and currently employs roughly 600 folks. The primary shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it straight forward to deposit to your new account. Simply 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 only a couple of days. Funds can just as easily be moved back to a chequing or savings account by using the exact same method.
Which Additional Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers that allow one to quickly and easily transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax year and submit your taxes online for free. It’s pitched to be simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which allows one to recieve 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of online courses on saving, investments, crypto, home buying and more.
Each of the mentioned products, including Wealthsimple Trade may be accessed on the app or on the site with one login.
So How Should I Start Using Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. For an exclusive signup bonus offer to our audience you’ll get the cash value of a random stock valued at up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Additional Questions About Unavailable On Trade Wealthsimple?
If this review didn’t given you the answers to all of your questions, and you’re still browsing for additional facts about Unavailable On Trade Wealthsimple, visit the Wealthsimple website to get answers to each your questions.