What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian digital Financial, securities and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.
A leading Canadian online financial services company founded in the Autumn of twenty fourteen originally as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has changed considerably over the past 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets investors trade individual stocks and ETFs without needing to pay any commissions. The exception to this is when you’re trading stocks which are displayed in USD currency. In which case, they do charge a currency conversion fee both when buying and selling. However, gone are the days of having to pay $7-12 for each trade with online discount brokerages as was the norm just a few years ago.
Exactly How Much Cash Will I Need to Get Started on Wealthsimple Trade?
Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and discount brokerages have large initial deposit amounts of $1000-5K. This makes it difficult for the every day investor to start investing. With Wealthsimple Trade, you won’t have to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
They do. Wealthsimple Trade offers both CRA registered and non-registered account types. You may select both RRSP and TFSA account types in the setup wizard.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app that is available on both iOS and Google Play. The smartphone app makes the enrollment process and also trading of stocks and ETFs super easy.
Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . they’ve been doing business for more than 7 years and also employs about 600 Canadians. The primary owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to deposit to a new account. Just connect the app to a chequing or savings account to your Trade account, and then fund your account in just a few clicks. Deposits from financial institutions to Wealthsimple usually take just a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts using the exact same steps.
What Additional Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to e-Transfers which allow anyone to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for tax season and submit your taxes online free. It’s advertised as simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets one to recieve 1% cashback on all your everyday purchases, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a variety of courses on different topics such as saving, investments, crypto, mortgages and more.
Every one of the above products, including Wealthsimple Trade may be accessed inside the mobile app or from their site with your Wealthsimple login.
But How Should I Begin Using Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special registration bonus for our readers you’ll receive the cash value of a random stock valued at $25 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 75 Bonus?
If this blog post hasn’t given you the answers to all of your questions, and you’re still searching for further information relating to Wealthsimple 75 Bonus, go to the Wealthsimple site to get answers to every one of your questions.