What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, securities and crypto trading web app that differentiates itself from its competitors by charging absolutely no fees.
A Toronto, Ontario based online financial services company launched in the Fall twenty fourteen exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has improved substantially over the previous eight years to also include Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows Canadian investors trade individual stocks and ETFs without having to pay fees. The exception is when you’re trading stocks that are displayed in USD currency. In which case, they will charge a small currency conversion fee when buying and selling. But, behind us are the days of having to pay Upwards of $7 per trade with online discount brokerages as was the case only a couple years ago.
How Much Money do I Need to Have in Order to Get Started on Wealthsimple Trade?
Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of only $1. The majority of alternative banks and brokerages have sizeable minimum deposit amounts of $1,000-5k. This makes it difficult for the normal investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Yes. Wealthsimple Trade has available registered and non-registered account types. One may choose both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app that is offered on both Apple and also Google Play. The mobile app makes the enrollment steps and also the trading of stocks and ETFs painless.
Is Wealthsimple Trade Secure?
Of course. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and at this time employs over 600 people. The primary shareholder is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage to operate in Canada.
How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it simple to add funds to your new account. Simply connect a chequing or savings account with your Trade account, and then add funds to your account in only a few steps. Deposits from banks to Wealthsimple normally take only a couple of days. Funds can also be moved back to a chequing or savings accounts by using the same method.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to E-Transfers that allow you to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and submit your tax return online free. It’s advertised as easy, accurate and always free tax return filing.
Wealthsimple Spend – A combination pre paid debit card and savings account which allows you to recieve 1% cashback on your everyday spending, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a bunch of different online courses on saving, investments, crypto, real estate and more.
Every one of the mentioned products, along with Wealthsimple Trade can be accessed in the app and from the website with your Wealthsimple login.
But How Should I Begin With Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special signup bonus to our audience you’ll get the equivalent cash value of a share worth up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Questions Related to Wealthsimple Raises 750 Million?
If this blog post didn’t given you the answers to each of your questions, and you’re still searching for more info relating to Wealthsimple Raises 750 Million, go to the Wealthsimple website to get answers to every one of your questions.