What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, stocks plus crypto trading web app that sets itself apart from the competition by charging absolutely no fees.
A Toronto, Ontario based fintech company founded in Autumn of twenty fourteen exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved considerably over the past 8 years to also include Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets investors trade both individual stocks and ETFs without needing to pay commissions. The exception is when trading stocks that are displayed in USD. In which case, they charge a currency conversion fee both when buying and selling. However, behind us are the times of paying Upwards of $7 for each trade with online discount brokerages as was expected a few years past.
Exactly How Much Money Will I Need to Get Started With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of just $1. The majority of traditional banks and brokerages have sizeable minimum deposit amounts of $1000-$5000. This makes it impossible for the common new investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade has CRA registered and non-registered account types. One can choose between both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app that is offered to download on IOS and Google Play. The mobile app makes the enrollment phase and trading of stocks and ETFs truly a breeze.
Is Wealthsimple Trade Legit?
Yes. Wealthsimple Trade is trustworthy. Wealthsimple reports in excess of 15 billion Canadian in Assets Under Management (AUM). they’ve been doing business for more than 7 years and also at this time employs more than 600 Canadians. The primary shareholder is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.
But How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very simple to add money to an account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in simply a couple of steps. Deposits from your bank to Wealthsimple typically take just a few days. Funds can the same way can be withdrawn a chequing or savings accounts by the same method.
What Additional Benefits and Products Are Available?
Wealthsimple Cash – An alternative to Interac e-transfers which allows you to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax season and submit your taxes online free. It’s described as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which lets you to get 1% cashback on your spending, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a bunch of courses on saving, investments, crypto, home buying and more.
Every one of the listed products, including Wealthsimple Trade can be accessed on the app or at the site with one login.
But How Should I Get Started Using Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. As a special signup bonus offer to our audience you will receive the cash value of a random share valued at up to $4,500 CAD as soon as you add funds to your account.
So What if I Still Have Questions About Wealthsimple Halal Portfolio Performance?
If this review still hasn’t given you the answers to all of your questions, and you’re looking for more info about Wealthsimple Halal Portfolio Performance, go to the Wealthsimple website to get answers to all your questions.