What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online investing, stock plus crypto trading app that sets itself apart from its competitors by charging no fees.
A leading Canadian online financial services business founded in Fall twenty fourteen exclusively as a robo advisor trading platform named Wealthsimple Invest, it has grown substantially over the previous eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian investors to trade both individual stocks and also ETFs without needing to pay any fees. The exception to this is when you’re trading ETFs and stocks which are listed in USD currency. In which case, they charge a small currency conversion fee when buying and selling. However, behind us are the times of having to pay $7-12 per each trade with discount brokerages as was the case only a few years past.
Exactly How Much Money do I Need to Have in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow Canadian investors to make a minimum deposit of just $1. Most alternative banks and brokerages have sizeable minimum deposit amounts of $1000-$5000. This makes it tough for the common new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Yes. Wealthsimple Trade has available both registered and non-CRA-registered accounts. You may select both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app available on IOS and Google Play. The app makes the enrollment process and the trading of stocks and ETFs truly easy.
So Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian of Assets Under Management . This company has been expanding for more than 7 years and also at this time employs more than 600 people. The primary shareholder is the large publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee digital discount brokerage to operate in Canada.
But How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so straight forward to add money to your account. Just connect a chequing or savings account with your Trade account, then add money to your account in just a couple of steps. Deposits from financial institutions to Wealthsimple usually take only a couple of days. Funds can also be moved to your chequing or savings accounts by using the same method.
Which Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac e-Transfers which allow anyone to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for this tax season and file your tax return online free. It’s described as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings product which lets you to earn 1% cashback on your spending, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of courses on saving, investing, crypto, mortgages and much more.
Each of the mentioned features, including Wealthsimple Trade may be accessed in the app and on their site with one login.
So How do I Get Started With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. For a special registration bonus offer to our audience you’ll receive the cash value of a stock worth up to $4,500 Canadian once you fund your account.
But What if I Still Have Questions Concerning Wealthsimple 250 Instant Deposit?
If this blog post still hasn’t answered each of your questions, and you’re still looking for additional info relating to Wealthsimple 250 Instant Deposit, visit the Wealthsimple website to find answers to all your questions.