What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, stock and crypto trading web app that distinguishes itself from similar apps by charging absolutely no fees.
A leading Canadian online financial services business launched in Autumn of twenty fourteen exclusively as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has grown substantially over the last eight years to also include Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows Canadian investors to trade both single stocks and also ETFs without needing to pay commissions. The exception is when trading securities which are displayed in USD. In that case, they do charge a small currency conversion fee both when buying and selling. But, gone are the times of having to pay more than $7 for each trade with discount brokerages as was the norm a few years past.
Exactly How Much Money do I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is awesome such that they will allow investors to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable min deposit amounts of $1,000-5K. This makes it hard for the everyday new investor to start investing. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Offer RRSP Accounts?
It does. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One may select between both RRSP and TFSA accounts during the setup process.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a modern mobile app that is offered to download on iOS and also Google Play. The app makes the registration steps and also trading of stocks and ETFs painless.
So Is Wealthsimple Trade Legit?
Definitely. Wealthsimple Trade is safe. Wealthsimple has over 15 billion CAD of Assets Under Management . This company has been expanding for more than 7 years and right now employs over 600 folks. The controlling shareholder is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital discount brokerage operating in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to fund your account. Just connect the app to a chequing or savings account with your Trade account, then add money to your account in simply a few steps. Deposits from your bank to Wealthsimple normally take only a couple of days. Funds can the same way can be moved to a chequing or savings account through the same process.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers which allow one to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax season and file your tax return online free. It’s advertised as easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings product which lets one to earn 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 education platform that includes a bunch of online courses on saving, investments, crypto, mortgages and much more.
Each of the listed products, along with Wealthsimple Trade can be found on the app and on the website with a single login.
So How Should I Start With Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. As a special signup bonus offer to our audience you’ll get the cash value of a random share worth up to $4,500 CAD when you fund your account.
But What if I Still Have Additional Questions Related to Wealthsimple Layoff List?
If this review didn’t given you the answers to each of your questions, and you’re still looking for more info relating to Wealthsimple Layoff List, go to the Wealthsimple site to get answers to every one of your questions.