What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, stock plus crypto trading web app that sets itself apart from other apps by charging no fees.
A online financial services business launched in the Autumn of twenty fourteen exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has changed considerably over the past eight years to also include Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers trade both individual stocks and ETFs without having to pay fees. The exception is when you’re trading stocks that are listed in USD currency. In that case, they do charge a currency conversion fee both when buying and selling. But, behind us are the times of having to pay Upwards of $7 per each trade with digital discount brokerages as was the case only a couple years ago.
Exactly How Much Cash do I Need to Have in Order to Get Started With Wealthsimple Trade?
Wealthsimple is cool such that they allow new customers to make a minimum deposit of just $1. Many traditional banks and brokerages have sizeable min deposit amounts of 1K-$5,000. This makes it impossible for the common new investor to start investing. With Wealthsimple Trade, one doesn’t have to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade offers both registered and non-CRA-registered accounts. One may choose between both RRSP and TFSA account types during the setup wizard.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app available to download on both IOS and also Android. The app makes the signup process and the trading of stocks and ETFs incredibly a breeze.
Is Wealthsimple Trade Legit?
. Wealthsimple Trade is secure. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . they’ve been operating for more than 7 years and right now employs more than 600 people. The primary shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage operating in Canada.
So How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it very easy to add funds to an account. Simply connect a chequing or savings account to your Trade account, then add funds to your account in only a couple of steps. Deposits from financial institutions to Wealthsimple typically take just a couple of days. Funds can just as easily be moved to a chequing or savings account through the same method.
What Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac E-transfers which allows one to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and file your tax return online for free. It’s advertised to be easy, accurate and always free income tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings product which lets one to earn 1% cashback on your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a bunch of different courses on topics like saving, investing, crypto, real estate and much more.
Each of the mentioned products, along with Wealthsimple Trade may be accessed in the app or on their website with a single login.
But How Should I Get Started With Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For an exclusive registration bonus to our readers you’ll receive the cash value of a Canadian stock valued at $25 up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Questions Related to Wealthsimple Keeps Asking For Code?
If this review didn’t given you the answers to all of your questions, and you’re searching for further specific information about Wealthsimple Keeps Asking For Code, go to the Wealthsimple website to find answers to each your questions.