What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stock and crypto trading app that distinguishes itself from its competitors by charging absolutely no fees.
A leading Canadian online financial services company founded in Fall of twenty fourteen exclusively as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has improved substantially over the last 8 years to also include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows Canadian consumers to trade both individual stocks and ETFs without having to pay fees. The exception is when you’re trading stocks which are displayed in US Dollars. In which case, they will charge a small currency conversion fee when buying and selling. However, gone are the days of having to pay Upwards of $7 per trade with online discount brokerages as was expected just a couple years past.
How Much Cash Will I Need in Order to Get Started on Wealthsimple Trade?
Wealthsimple is awesome such that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have quite large min deposit amounts of 1k-5K. This makes it tough for the typical investor to get started. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
Of course. Wealthsimple Trade has both registered and non-registered account types. You are free to select both RRSP and TFSA accounts during the setup process.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app offered on Apple and Android. The mobile app makes the enrollment phase and also the trading of stocks and ETFs incredibly a breeze.
So Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is legit. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management . These folks have been doing business for more than 7 years and also at this time employs over 600 Canadians. The controlling shareholder is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.
So How Does One Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so straight forward to add money to an account. Simply connect the app to a chequing or savings account to your Trade account, and fund your account in simply a few steps. Deposits from your bank to Wealthsimple normally take only a couple of days. Funds can just as easily be moved back to a chequing or savings accounts by the same steps.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to E-Transfers that allow one to quickly and simply transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and file your taxes online free. It’s described to be simple, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which allows you to recieve 1% cashback on your purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of courses on topics like saving, investing, crypto, real estate and more.
All of the mentioned features, along with Wealthsimple Trade can be found on the mobile app or on the site with one login.
But How Can I Begin Using Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. As a special registration bonus to our audience you will receive the equivalent cash value of a random share worth up to $4,500 CAD as soon as you make an initial deposit to your account.
But What if I Still Have Additional Questions Concerning Wealthsimple Referral $500?
If this blog post didn’t given you the answers to all of your questions, and you’re still browsing for further specific answers about Wealthsimple Referral $500, visit the Wealthsimple site for answers to each your questions.