What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stocks plus crypto trading app that differentiates itself from the competition by charging absolutely no fees.
A Toronto, Ontario based online financial services business launched in the Fall of twenty fourteen originally as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has improved substantially over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian investors trade both single stocks and ETFs without needing to pay any fees. The exception to this is when you’re trading stocks which are listed in US Dollars. In this case, they do charge a small currency conversion fee when buying and selling. However, behind us are the times of paying $7-12 per each trade with digital discount brokerages as was common a few years past.
Exactly How Much Cash Will I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is cool in that they will allow investors to make a minimum deposit of only $1. Many alternative banks and brokerages have large initial deposit amounts of $1000-$5000. This makes it hard for the typical new investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade has available both registered and non-CRA-registered account types. You may choose both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app offered on both Apple and also Google Play. The app makes the registration steps and trading of stocks and ETFs painless.
So Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion CAD of Assets Under Management (AUM). This company has been operating for more than 7 years and also right now employs about 600 Canadians. The controlling shareholder is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite straight forward to add money to your new account. Just connect the app to a chequing or savings account with your Trade account, then add money to your account in just a few steps. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can the same way can be moved to your chequing or savings accounts by using the same method.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to E-Transfers that allow you to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for tax year and file your tax return online for free. It’s described as easy, accurate and always free tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product that lets you to recieve 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a bunch of online courses on topics like saving, investments, crypto, home buying and much more.
Every one of the above products, including Wealthsimple Trade may be found within the mobile app and on their website with one login.
But How Should I Get Started Using Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. For a special signup bonus offer to our readers you’ll get the equivalent cash value of a share worth up to $4,500 Canadian once you make an initial deposit to your account.
So What if I Still Have Questions Concerning Wealthsimple 2 Free Stocks?
If this blog post still hasn’t answered all of your questions, and you’re still searching for more specific information relating to Wealthsimple 2 Free Stocks, go to the Wealthsimple website for answers to each your questions.