What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital Financial, stock plus crypto trading web app that differentiates itself from the competition by charging no fees.
A leading Canadian online financial services business launched in Autumn 2014 originally as a robo advisor algorithmic trading app named Wealthsimple Invest, it has improved substantially over the past 8 years to also include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets Canadian consumers trade individual stocks and also ETFs without having to pay fees. The exception to this is when trading stocks that are listed in US Dollars. In this case, they will charge a currency conversion fee both when buying and selling. But, past us are the days of paying more than $7 per each trade with online discount brokerages as was the case a few years past.
How Much Money do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is special such that they allow investors to make a minimum deposit of just $1. Most traditional banks and brokerages have sizeable minimum deposit amounts of $1,000-$5,000. This makes it tough for the everyday new investor to start. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have TFSA Accounts?
They do. Wealthsimple Trade has available registered and non-CRA-registered accounts. You may choose both RRSP and TFSA accounts during the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app that is available to download on Apple and also Android. The mobile app makes the registration phase and the trading of stocks and ETFs super a breeze.
So Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is legit. Wealthsimple reports more than 15 billion Canadian of Assets Under Management (AUM). they’ve been operating for more than 7 years and also now employs over 600 people. The primary owner is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage operating in Canada.
But How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite simple to add funds to an account. Just connect to a chequing or savings account to your Trade account, then fund your account in only a couple of clicks. Deposits from banks to Wealthsimple typically take a few days. Funds can also be moved to a chequing or savings accounts with the same steps.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to Interac E-transfers which allows anyone to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for this tax year and submit your tax return online free. It’s advertised to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account that lets you to recieve 1% cashback on all your everyday spending, and also earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of online courses on saving, investing, crypto, mortgages and much more.
All of the mentioned products, including Wealthsimple Trade may be found on the app and from the website with one login.
How do I Start Using Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. For an exclusive signup bonus to our audience you’ll get the equivalent cash value of a random Canadian stock valued at up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Questions Related to Wealthsimple Canada Login?
If this blog post didn’t given you the answers to each of your questions, and you’re looking for more facts relating to Wealthsimple Canada Login, check out the Wealthsimple website to get answers to each your questions.