What is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stocks and crypto trading web app that distinguishes itself from its competitors by charging absolutely no fees.
A Toronto, Ontario based fintech company founded in the Autumn twenty fourteen originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has evolved considerably over the last 8 years to also include Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows consumers to trade both individual stocks and ETFs without needing to pay any fees. The exception to this is when trading stocks that are displayed in US Dollars. In which case, they will charge a currency conversion fee when buying and selling. However, gone are the times of having to pay more than $7 per each trade with digital discount brokerages as was expected only a couple years past.
How Much Money Will I Need to Get Started With Wealthsimple Trade?
Wealthsimple is special such that they allow new customers to make a minimum deposit of only $1. Many traditional banks and discount brokerages have quite large min deposit amounts of $1000-$5000. This makes it tough for the everyday new investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Offer TFSA Accounts?
They do. Wealthsimple Trade has available both CRA registered and non-registered accounts. You are free to choose both RRSP and TFSA account types in the setup phase.
So Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app offered on IOS and also Google Play. The mobile app makes the registration phase and the trading of stocks and ETFs very simple.
Is Wealthsimple Trade Secure?
Definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports more than 15 billion Canadian in Assets Under Management (AUM). These folks have been expanding for more than 7 years and also right now employs more than 600 folks. The primary owner is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage to operate in Canada.
So How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very straight forward to add money to a new account. Just connect a chequing or savings account with your Trade account, and then add funds to your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple typically take only a couple of days. Funds can just as easily be moved back to a chequing or savings accounts using the exact same process.
Which Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to Interac E-transfers which allow you 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 pitched as easy, accurate and always free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product which allows you to get 1% cashback on your purchases, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of courses on topics like saving, investments, crypto, home buying and more.
Each of the above features, along with Wealthsimple Trade can be found inside the app or at their website with your Wealthsimple login.
How Should I Begin With Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. For a special signup bonus to our readers you will receive the cash value of a random share worth $25 up to $4,500 CAD when you deposit to your account.
So What if I Still Have Additional Questions Related to Wealthsimple Referral Code 2021?
If this blog post didn’t answered all of your questions, and you’re looking for additional specific facts relating to Wealthsimple Referral Code 2021, go to the Wealthsimple site for answers to each your questions.