What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, securities plus crypto trading web app that sets itself apart from other apps by charging absolutely no fees.
A Toronto, Ontario based online financial services company launched in the Fall of 2014 exclusively as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has grown substantially over the past eight years to feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian consumers trade both individual stocks and also ETFs without paying any commissions. The exception is when trading stocks that are displayed in USD currency. In this case, they charge a small currency conversion fee both when buying and selling. But, gone are the times of paying $7-12 per each trade with digital discount brokerages as was normal just a few years ago.
Exactly How Much Cash do I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is special in that they will allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and discount brokerages have large initial deposit amounts of 1k-$5000. This makes it tough for the typical new investor to start. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
They do. Wealthsimple Trade offers both CRA registered and non-registered accounts. You may choose both RRSP and TFSA accounts during the setup process.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app that is offered to download on Apple and Google Play. The smartphone app makes the signup steps and also the trading of stocks and ETFs very painless.
Is Wealthsimple Trade Legit?
For sure. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . they’ve been in business for more than 7 years and also right now employs more than 600 Canadians. The main owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage operating in Canada.
So How Can I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so easy to add funds to your new account. Simply connect to a chequing or savings account to your Trade account, then fund your account in only a couple of clicks. Deposits from financial institutions to Wealthsimple usually take just a few days. Funds can also be moved to your chequing or savings accounts using the exact same steps.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers that allow you to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online free. It’s advertised as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination prepaid debit card and savings product that allows you to get 1% cashback on all your purchases, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a bunch of different online courses on saving, investing, crypto, mortgages and more.
All of the listed features, including Wealthsimple Trade can be found within the mobile app and on their website with a single login.
How Can I Get Started With Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For a special registration bonus for our readers you’ll receive the cash value of a random stock worth $25 up to $4,500 Canadian when you fund your account.
But What if I Still Have Questions Concerning Wealthsimple Gme Dividend?
If this review hasn’t given you the answers to each of your questions, and you’re looking for additional facts about Wealthsimple Gme Dividend, check out the Wealthsimple website to find answers to each your questions.