What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stocks plus crypto trading app that sets itself apart from similar apps by charging no fees.
A leading Canadian fintech business founded in Autumn of twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has evolved substantially over the last 8 years to also include Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers to trade both single stocks and also ETFs without needing to pay any fees. The exception to this is when trading ETFs and stocks that are denominated in USD currency. In that case, they charge a currency conversion fee when buying and selling. However, gone are the days of paying more than $7 per trade with discount brokerages as was the case only a few years past.
Exactly How Much Money Will I Need in Order to Get Started on Wealthsimple Trade?
Wealthsimple is unique such that they will allow investors to make a minimum deposit of only $1. The majority of traditional banks and discount brokerages have quite large min deposit amounts of $1,000-5K. This makes it tough for the common investor to get started. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have RRSP Accounts?
It does. Wealthsimple Trade offers both CRA registered and non-CRA-registered accounts. One can select between both RRSP and TFSA accounts in the setup phase.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app that is offered to download on IOS and also Google Play. The smartphone app makes the enrollment process and also the trading of stocks and ETFs super easy.
Is Wealthsimple Trade Trustworthy?
For sure. Wealthsimple Trade is secure. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management . they’ve been doing business for more than 7 years and also currently employs over 600 folks. The main shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.
But How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to add money to an account. Simply connect the app to a chequing or savings account to your Trade account, then add money to your account in simply a few steps. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can just as easily be moved to a chequing or savings accounts through the same steps.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to Interac E-Transfers which allow you to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax year and submit your taxes online free. It’s advertised to be easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account which lets you to get 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a bunch of different online courses on different topics such as saving, investing, crypto, mortgages and much more.
Each of the mentioned products, including Wealthsimple Trade can be accessed in the mobile app and on the website with a single login.
So How Can I Get Started Using Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. As a special registration bonus for our readers you’ll receive the equivalent cash value of a Canadian stock worth up to $4,500 Canadian as soon as you make an initial deposit to your account.
What if I Still Have Questions Concerning Wealthsimple Login?
If this review still hasn’t answered each of your questions, and you’re searching for additional specific facts about Wealthsimple Login, go to the Wealthsimple site to find answers to all your questions.