What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital Financial, stock and crypto trading platform that sets itself apart from other apps by charging absolutely no fees.
A leading Canadian online financial services business founded in Fall of 2014 exclusively as a robo advisor automated trading app named Wealthsimple Invest, it has evolved substantially over the previous 8 years to feature Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets consumers to trade both individual stocks and also ETFs without paying fees. The exception is when you’re trading stocks that are listed in USD currency. In this case, they charge a nominal currency conversion fee when buying and selling. However, past us are the times of having to pay Upwards of $7 for each trade with digital discount brokerages as was normal just a couple years ago.
How Much Money Will I Need to Start Investing With Wealthsimple Trade?
Wealthsimple is special in that they allow investors to make a minimum deposit of just $1. Most traditional banks and discount brokerages have sizeable min deposit amounts of $1,000-5k. This makes it impossible for the common new investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
They do. Wealthsimple Trade offers CRA registered and non-registered accounts. You are able to choose both RRSP and TFSA accounts in the setup process.
So Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app offered to download on IOS and Android. The smartphone app makes the registration phase and also the trading of stocks and ETFs truly simple.
So Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is legit. Wealthsimple reports in excess of 15 billion CAD of Assets Under Management (AUM). These folks have been in business for more than 7 years and employs more than 600 folks. The majority owner is the large public Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage operating in Canada.
But How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly simple to add money to a new account. Simply connect a chequing or savings account to your Trade account, and then add money to your account in just a couple of steps. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved to a chequing or savings account by the same process.
Which Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac E-Transfers that allow one to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for this tax season and submit your taxes online free. It’s pitched as easy, accurate and always free income tax filing.
Wealthsimple Spend – A combination pre paid visa and savings account which lets you to recieve 1% cashback on all your purchases, and also earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a ton of online courses on topics like saving, investments, crypto, mortgages and much more.
All of the listed features, including Wealthsimple Trade can be found inside the app and at the website with one login.
But How do I Start Using Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For a special signup bonus for our audience you’ll receive the cash value of a Canadian stock worth $25 up to $4,500 CAD when you deposit to your account.
So What if I Still Have Questions Related to Wealthsimple Joining Bonus?
If this blog post didn’t answered all of your questions, and you’re still browsing for additional specific info relating to Wealthsimple Joining Bonus, visit the Wealthsimple website for answers to each your questions.