What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online investing, securities and crypto trading app that sets itself apart 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 grown substantially over the past eight years to feature Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets Canadian consumers to trade individual stocks and also ETFs without having to pay fees. The exception is when trading securities which are displayed in USD currency. In that case, they charge a small currency conversion fee both when buying and selling. But, behind us are the days of paying $7-12 per each trade with online discount brokerages as was the norm just a few years ago.
Exactly How Much in Funds Will I Need to Begin Investing on Wealthsimple Trade?
Wealthsimple is unique such that they allow investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large minimum deposit amounts of $1,000-$5000. This makes it tough for the typical investor to start. With Wealthsimple Trade, you won’t need to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
They do. Wealthsimple Trade has both CRA registered and non-CRA-registered account types. One are free to choose both RRSP and TFSA account types during the setup wizard.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app available on both iOS and Google Play. The smartphone app makes the signup phase and also the trading of stocks and ETFs truly easy.
Is Wealthsimple Trade Trustworthy?
Of course. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion CAD in Assets Under Management . they’ve been in business for more than 7 years and currently employs about 600 people. The controlling shareholder is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage to operate in Canada.
How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it straight forward to deposit to an account. Just connect the app to a chequing or savings account with your Trade account, and then add funds to your account in simply a few clicks. Deposits from your bank to Wealthsimple normally take a couple of days. Funds can also be withdrawn a chequing or savings accounts using the same method.
What Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac e-Transfers that allow you to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for this tax season and submit your taxes online free. It’s described to be easy, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product that lets one to get 1% cashback on all your spending, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of different online courses on saving, investments, crypto, home buying and much more.
Each of the above products, including Wealthsimple Trade can be accessed inside the mobile app or on their site with a single login.
How Should I Begin With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. As an exclusive signup bonus for our audience you will receive the cash value of a random stock valued at $25 up to $4,500 Canadian as soon as you fund your account.
But What if I Still Have Questions Concerning Wealthsimple Cash 0.75?
If this article still hasn’t answered all of your questions, and you’re looking for further specific facts about Wealthsimple Cash 0.75, go to the Wealthsimple site for answers to every one of your questions.