What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, securities and crypto trading web app that sets itself apart from its competitors by charging no fees.
A leading Canadian online financial services business founded in Autumn of twenty fourteen originally as a robo-advisor automated trading platform named 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 Any Fees?
Wealthsimple Trade allows consumers trade individual stocks and ETFs without needing to pay any fees. The exception is when trading stocks which are displayed in USD currency. In this case, they charge a currency conversion fee both when buying and selling. But, past us are the times of paying Upwards of $7 for each trade with digital discount brokerages as was expected a couple years ago.
Exactly How Much Money Will I Need to Have to Get Started on Wealthsimple Trade?
Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of only $1. The majority of traditional banks and discount brokerages have large initial deposit amounts of 1K-$5,000. This makes it tough for the common new investor to start investing. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has available both CRA registered and non-registered accounts. One are free to choose both RRSP and TFSA accounts in the setup process.
Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app available on Apple and Google Play. The app makes the registration phase and also the trading of stocks and ETFs super a breeze.
Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). This company has been doing business for more than 7 years and currently employs over 600 Canadians. The primary owner is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage operating in Canada.
How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite easy to deposit to an account. Simply connect a chequing or savings account to your Trade account, then add funds to your account in just a few clicks. Deposits from your bank to Wealthsimple typically take only a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by the same method.
What Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is equivalent to Interac E-Transfers that allow you to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax year and file your tax return online for free. It’s pitched as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings product that allows one to get 1% cashback on your everyday purchases, and also earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a variety of online courses on topics like saving, investing, crypto, mortgages and more.
All of the above features, including Wealthsimple Trade may be accessed within the app or at their site with your Wealthsimple login.
But How Can I Get Started Using Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. As a special registration bonus to our audience you will receive the equivalent cash value of a random share worth up to $4,500 CAD as soon as you fund your account.
But What if I Still Have Additional Questions About Vfv Wealthsimple?
If this review still hasn’t given you the answers to each of your questions, and you’re searching for further specific answers about Vfv Wealthsimple, go to the Wealthsimple site to get answers to each your questions.