What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, securities and crypto trading platform that sets itself apart from its competitors by charging no fees.
A Toronto, Ontario based online financial services business launched in the Autumn of twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has evolved considerably over the past eight years to also feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian consumers trade both single stocks and ETFs without paying fees. The exception to this is when you’re trading securities which are listed in USD. In that case, they charge a nominal currency conversion fee both when buying and selling. However, behind us are the times of having to pay more than $7 per each trade with discount brokerages as was the case a couple years past.
How Much Cash Will I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is unique such that they allow investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have sizeable min deposit amounts of $1,000-$5000. This makes it difficult for the normal investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade offers CRA registered and non-registered account types. One are able to choose between both RRSP and TFSA account types in the setup wizard.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a modern mobile app available on IOS and Android. The smartphone app makes the registration steps and also trading of stocks and ETFs very painless.
But Is Wealthsimple Trade Legit?
For sure. Wealthsimple Trade is safe. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). This company has been operating for more than 7 years and employs more than 600 Canadians. The controlling shareholder is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage to operate in Canada.
But How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to deposit to your account. Just connect a chequing or savings account with your Trade account, then fund your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take a few days. Funds can just as easily be withdrawn a chequing or savings accounts by the same steps.
Which Other Benefits and Products Are Available?
Wealthsimple Cash – An alternative to Interac E-transfers that allow you to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax season and submit your tax return online for free. It’s described as easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination prepaid debit card and savings account which lets one to earn 1% cashback on your everyday purchases, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a ton of different online courses on saving, investments, crypto, home buying and more.
All of the above features, including Wealthsimple Trade may be found in the mobile app and on their site with a single login.
So How Can I Get Started With Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. As a special signup bonus for our audience you will get the cash value of a random share worth up to $4,500 CAD as soon as you make an initial deposit to your account.
What if I Still Have Questions Concerning Wealthsimple $50 Bonus 2020?
If this review didn’t given you the answers to each of your questions, and you’re looking for further specific info about Wealthsimple $50 Bonus 2020, check out the Wealthsimple site to find answers to each your questions.