What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stocks plus crypto trading platform that sets itself apart from other apps by charging absolutely no fees.
A Toronto, Ontario based online financial services company launched in the Fall of 2014 originally as a robo advisor automated trading app called Wealthsimple Invest, it has evolved substantially over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets investors to trade both single stocks and ETFs without having to pay any commissions. The exception is when you’re trading stocks and ETFs which are listed in USD currency. In this case, they do charge a small currency conversion fee both when buying and selling. However, gone are the times of having to pay more than $7 per trade with digital discount brokerages as was the norm only a couple years ago.
How Much Money do I Need in Order to Get Started on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of just $1. The majority of alternative banks and brokerages have sizeable minimum deposit amounts of 1k-$5,000. This makes it tough for the common new investor to get started. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
They do. Wealthsimple Trade offers registered and non-registered accounts. You are free to select between both RRSP and TFSA accounts during the setup phase.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app available on Apple and also Google Play. The smartphone app makes the signup phase and the trading of stocks and ETFs a breeze.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion Canadian of Assets Under Management (AUM). These folks have been doing business for more than 7 years and also currently employs more than 600 people. The main owner is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it straight forward to fund your new account. Simply connect the app to a chequing or savings account with your Trade account, then add money to your account in simply a few clicks. Deposits from banks to Wealthsimple usually take only a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts using the same steps.
What Additional Features and Products Are Available?
Wealthsimple Cash – An alternative to Interac E-transfers which allow one to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax season and file your tax return online for free. It’s described as simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product that lets one to recieve 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a ton of different courses on saving, investments, crypto, home buying and much more.
Every one of the mentioned products, along with Wealthsimple Trade can be found within the mobile app or from the website with a single login.
How Can I Begin Using Wealthsimple Trade?
Click here to signup for a Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you will receive the equivalent cash value of a random stock valued at up to $4,500 CAD when you add funds to your account.
But What if I Still Have Additional Questions Concerning Wealthsimple $50 Bonus 2021?
If this blog post still hasn’t answered each of your questions, and you’re searching for more answers relating to Wealthsimple $50 Bonus 2021, go to the Wealthsimple site for answers to all your questions.