What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stock plus crypto trading platform that differentiates itself from the competition by charging absolutely no fees.
A online financial services company founded in Fall of twenty fourteen originally as a robo-advisor automated trading app named Wealthsimple Invest, it has improved significantly over the previous eight years to include Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets Canadian consumers to trade both individual stocks and also ETFs without needing to pay any commissions. The exception is when you’re trading securities which are displayed in USD currency. In that case, they charge a nominal currency conversion fee both when buying and selling. However, past us are the days of having to pay $7-12 per each trade with digital discount brokerages as was expected just a few years ago.
Exactly How Much in Funds do I Need to Begin Investing on Wealthsimple Trade?
Wealthsimple is cool in that they allow Canadians to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large minimum deposit amounts of 1K-5k. This makes it tough for the typical new investor to start investing. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Of course. Wealthsimple Trade offers both registered and non-registered accounts. You may select between both RRSP and TFSA account types in the setup process.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app that is available on iOS and also Google Play. The mobile app makes the signup phase and trading of stocks and ETFs very simple.
Is Wealthsimple Trade Legit?
Yes. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion CAD of Assets Under Management (AUM). These folks have been operating for more than 7 years and also at this time employs over 600 folks. The majority shareholder is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.
But How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly straight forward to add money to your new account. Simply connect the app to a chequing or savings account with your Trade account, then add funds to your account in only a few clicks. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can just as easily be withdrawn a chequing or savings account using the exact same method.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to E-transfers that allow you to quickly and easily transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for this tax season and submit your tax return online for free. It’s described as simple, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets you to get 1% cashback on all your spending, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a variety of online courses on saving, investing, crypto, mortgages and much more.
All of the mentioned products, including Wealthsimple Trade can be found on the mobile app and at their website with one login.
But How Can I Get Started With Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you’ll get the equivalent cash value of a random share valued at up to $4,500 Canadian when you make an initial deposit to your account.
But What if I Still Have Additional Questions Related to Wealthsimple 4500 Stock?
If this review still hasn’t given you the answers to each of your questions, and you’re searching for more specific information about Wealthsimple 4500 Stock, visit the Wealthsimple site to find answers to each your questions.