What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading platform that differentiates itself from the competition by charging no fees.
A Toronto, Ontario based fintech company founded in Autumn twenty fourteen exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has grown significantly over the previous eight years to also feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors to trade individual stocks and also ETFs without needing to pay fees. The exception to this is when trading stocks that are denominated in US Dollars. In that case, they will charge a small currency conversion fee both when buying and selling. However, behind us are the times of paying $7-12 for each trade with online discount brokerages as was the case a few years past.
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 only $1. Many traditional banks and brokerages have sizeable minimum deposit amounts of 1k-5k. This makes it impossible for the everyday new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade has registered and non-CRA-registered accounts. You are free to select both RRSP and TFSA account types during the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a easy to use mobile app that is available to download on both IOS and Android. The app makes the enrollment process and also the trading of stocks and ETFs very easy.
Is Wealthsimple Trade Trustworthy?
Most definitely. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion CAD of Assets Under Management . This company has been expanding for more than 7 years and also employs roughly 600 people. The majority owner is the respected publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fee online discount brokerage operating in Canada.
But How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to add money to a new account. Just connect a chequing or savings account with your Trade account, and add money to your account in just a couple of clicks. Deposits from your bank to Wealthsimple typically take a couple of days. Funds can the same way can be moved back to a chequing or savings accounts by the same steps.
Which Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to Interac E-transfers which allows you to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for this tax season and submit your tax return online for free. It’s described to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows you to get 1% cashback on all your everyday spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a bunch of courses on saving, investing, crypto, mortgages and much more.
Each of the mentioned features, along with Wealthsimple Trade may be found within the app or from their site with one login.
So How Should I Start With Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will get the cash value of a Canadian stock valued at $25 up to $4,500 CAD as soon as you fund your account.
So What if I Still Have Additional Questions Concerning Wealthsimple Number Of Employees?
If this article didn’t answered each of your questions, and you’re browsing for additional specific facts relating to Wealthsimple Number Of Employees, visit the Wealthsimple site for answers to all your questions.