What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stocks and crypto trading platform that differentiates itself from the competition by charging no fees.
A Toronto, Ontario based online financial services company launched in Autumn twenty fourteen originally as a robo-advisor automated trading app named Wealthsimple Invest, it has changed considerably over the past eight years to feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows Canadian investors to trade individual stocks and also ETFs without paying fees. The exception is when you’re trading securities which are denominated in US Dollars. In which case, they do charge a currency conversion fee both when buying and selling. However, behind us are the times of paying $7-12 per trade with digital discount brokerages as was expected just a few years ago.
How Much Cash do I Need to Get Started With Wealthsimple Trade?
Wealthsimple is unique such that they will allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of $1000-$5000. This makes it difficult for the typical new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have TFSA Accounts?
It does. Wealthsimple Trade has available CRA registered and non-registered account types. One are free to choose both RRSP and TFSA account types during the setup process.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app available on IOS and also Android. The smartphone app makes the enrollment steps and also trading of stocks and ETFs super easy.
So Is Wealthsimple Trade Safe?
. Wealthsimple Trade is safe. Wealthsimple boasts over 15 billion CAD of Assets Under Management (AUM). They have been expanding for more than 7 years and currently employs about 600 Canadians. The controlling owner is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.
But How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly easy to fund your account. Simply connect the app to a chequing or savings account to your Trade account, and add funds to your account in only a couple of clicks. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can the same way can be withdrawn your chequing or savings accounts by using the exact same process.
Which Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac E-transfers that allow you to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax season and submit 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 account which lets one to earn 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a ton of courses on different topics such as saving, investing, crypto, real estate and much more.
All of the listed features, along with Wealthsimple Trade may be accessed within the mobile app or on their website with a single login.
How Should I Begin With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. As a special registration bonus offer to our audience you will receive the equivalent cash value of a stock valued at $25 up to $4,500 Canadian once you make an initial deposit to your account.
What if I Still Have Additional Questions About Wealthsimple $50 Bonus?
If this review hasn’t given you the answers to each of your questions, and you’re searching for additional specific answers relating to Wealthsimple $50 Bonus, check out the Wealthsimple website to get answers to every one of your questions.