What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian online investing, stock plus crypto trading platform that distinguishes itself from the competition by charging no fees.
A leading Canadian online financial services company launched in the Autumn twenty fourteen exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has grown considerably over the past 8 years to include Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets consumers to trade stand alone stocks and also ETFs without needing to pay commissions. The exception to this is when trading securities which are listed in USD. In which case, they do charge a nominal currency conversion fee both when buying and selling. However, past us are the times of paying Upwards of $7 per each trade with online discount brokerages as was common only a few years past.
Exactly How Much in Funds do I Need to Start on Wealthsimple Trade?
Wealthsimple is cool such that they will allow Canadian investors to make a minimum deposit of just $1. The majority of alternative banks and brokerages have large minimum deposit amounts of 1K-$5000. This makes it hard for the normal investor to start investing. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has available CRA registered and non-registered accounts. One can select both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a modern mobile app available to download on iOS and also Google Play. The smartphone app makes the signup steps and trading of stocks and ETFs super a breeze.
So Is Wealthsimple Trade Trustworthy?
For sure. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion Canadian of Assets Under Management . These folks have been in business for more than 7 years and currently employs roughly 600 people. The controlling shareholder is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage to operate in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so easy to fund your account. Just connect a chequing or savings account to your Trade account, then fund your account in only a few steps. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can just as easily be moved to a chequing or savings accounts by using the exact same steps.
Which Additional Features and Products Are Available?
Wealthsimple Cash – An equivalent to Interac e-transfers that allows anyone to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax year and submit your tax return online for free. It’s advertised as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A combination prepaid visa and savings account which lets one to get 1% cashback on your everyday spending, and also get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a variety of courses on saving, investing, crypto, home buying and much more.
All of the above features, along with Wealthsimple Trade may be found within the mobile app or at their website with one login.
How do I Get Started Using Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. As a special signup bonus offer for our readers you will get the equivalent cash value of a random share worth $25 up to $4,500 CAD once you add funds to your account.
But What if I Still Have Questions Related to Wealthsimple Job Cuts?
If this blog post hasn’t given you the answers to all of your questions, and you’re still searching for more information about Wealthsimple Job Cuts, go to the Wealthsimple site to find answers to each your questions.