What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stock and crypto trading app that distinguishes itself from its competitors by charging absolutely no fees.
A leading Canadian fintech company launched in the Fall twenty fourteen exclusively as a robo-advisor automated trading app called Wealthsimple Invest, it has improved significantly over the last 8 years to feature Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows investors trade stand alone stocks and also ETFs without having to pay fees. The exception is when trading stocks and ETFs which are denominated in USD. In which case, they charge a nominal currency conversion fee when buying and selling. However, behind us are the times of having to pay Upwards of $7 per each trade with digital discount brokerages as was the case just a few years ago.
Exactly How Much Cash do I Need to Have to Start Investing With Wealthsimple Trade?
Wealthsimple is special such that they allow investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have quite large min deposit amounts of 1k-$5,000. This makes it hard for the typical investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Offer Registered Accounts?
They do. Wealthsimple Trade has both CRA registered and non-registered account types. You are able to choose both RRSP and TFSA accounts in the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app that is offered to download on iOS and also Google Play. The app makes the enrollment steps and the trading of stocks and ETFs super easy.
So Is Wealthsimple Trade Safe?
Most definitely. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management (AUM). they’ve been in business for more than 7 years and also currently employs about 600 Canadians. The majority owner is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly simple to fund your new account. Just connect a chequing or savings account with your Trade account, and add funds to your account in just a couple of steps. Deposits from your bank to Wealthsimple normally take only a few days. Funds can just as easily be moved back to a chequing or savings accounts with the same method.
Which Additional Features and Products Are Available?
Wealthsimple Cash – An alternative to Interac e-Transfers that allows you to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for tax year and file your taxes online for free. It’s pitched to be simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to earn 1% cashback on your everyday spending, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a variety of different online courses on saving, investing, crypto, home buying and much more.
Each of the mentioned products, including Wealthsimple Trade may be accessed within the app or from their website with your Wealthsimple login.
But How Can I Start Using Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. For a special signup bonus to our audience you will receive the equivalent cash value of a random stock valued at $25 up to $4,500 Canadian once you fund your account.
But What if I Still Have Additional Questions About Wealthsimple Etf List?
If this review still hasn’t answered each of your questions, and you’re still browsing for further specific facts about Wealthsimple Etf List, go to the Wealthsimple website to get answers to each your questions.