What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stocks plus crypto trading web app that sets itself apart from other apps by charging absolutely no fees.
A leading Canadian fintech company founded in the Fall of twenty fourteen originally as a robo-advisor trading platform named Wealthsimple Invest, it has grown significantly over the last 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows Canadian investors trade stand alone stocks and also ETFs without needing to pay any fees. The exception is when you’re trading ETFs and stocks which are displayed in USD. In that case, they charge a currency conversion fee when buying and selling. However, gone are the times of paying Upwards of $7 per each trade with online discount brokerages as was expected only a couple years past.
How Much in Funds do I Need to Start Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and discount brokerages have quite large min deposit amounts of $1000-$5,000. This makes it hard for the normal new investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-registered account types. You may choose both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app available on Apple and also Google Play. The app makes the signup phase and also trading of stocks and ETFs truly painless.
So Is Wealthsimple Trade Safe?
. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion Canadian in Assets Under Management . This company has been expanding for more than 7 years and right now employs about 600 Canadians. The primary owner is the large publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage to operate in Canada.
But How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to fund your account. Just 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 usually take only a couple of days. Funds can just as easily be moved back to your chequing or savings account with the same method.
Which Additional Features and Products Are Available?
Wealthsimple Cash – This is alternative to E-transfers that allows you to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax year and submit your tax return online for free. It’s advertised as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination prepaid debit card and savings product which lets you to recieve 1% cashback on your everyday spending, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a bunch of different online courses on topics like saving, investing, crypto, mortgages and more.
Each of the mentioned features, including Wealthsimple Trade may be found within the mobile app and from the website with one login.
But How Can I Begin With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For an exclusive registration bonus for our audience you’ll receive the cash value of a share valued at $25 up to $4,500 Canadian once you fund your account.
So What if I Still Have Additional Questions Related to Wealthsimple Ceo?
If this article still hasn’t given you the answers to each of your questions, and you’re browsing for further facts relating to Wealthsimple Ceo, visit the Wealthsimple website for answers to every one of your questions.