What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stocks and crypto trading app that sets itself apart from the competition by charging absolutely no fees.
A leading Canadian online financial services business founded in the Autumn of 2014 originally as a robo advisor algorithmic trading app called Wealthsimple Invest, it has improved considerably over the last 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows investors to trade both stand alone stocks and also ETFs without paying commissions. The exception to this is when trading stocks that are listed in US Dollars. In which case, they will charge a nominal currency conversion fee when buying and selling. But, past us are the times of having to pay $7-12 per trade with online discount brokerages as was common a couple years past.
How Much in Funds Will I Need to Have to Start With Wealthsimple Trade?
Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and brokerages have sizeable initial deposit amounts of $1000-$5,000. This makes it tough for the common investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-CRA-registered accounts. One may choose between both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app that is available on iOS and Android. The mobile app makes the registration phase and also trading of stocks and ETFs super easy.
Is Wealthsimple Trade Legit?
Yes. Wealthsimple Trade is safe. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . This company has been operating for more than 7 years and employs about 600 people. The primary shareholder is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.
So How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly easy to add money to a new account. Simply connect a chequing or savings account to your Trade account, then add funds to your account in just a few steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can the same way can be moved back to a chequing or savings account by using the same steps.
Which Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to e-Transfers that allow one to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for this tax year and submit your taxes online free. It’s described to be simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination pre paid visa and savings product which lets one to get 1% cashback on all your everyday spending, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of different courses on different topics such as saving, investing, crypto, mortgages and more.
Each of the above products, along with Wealthsimple Trade can be found on the app or from the site with your Wealthsimple login.
But How Can I Begin With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. For a special signup bonus offer for our readers you will receive the cash value of a stock valued at $25 up to $4,500 CAD once you add funds to your account.
What if I Still Have Questions About Wealthsimple 0.75 Interest?
If this blog post didn’t given you the answers to all of your questions, and you’re still looking for additional information relating to Wealthsimple 0.75 Interest, check out the Wealthsimple website to get answers to each your questions.