What is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stock and crypto trading app that sets itself apart from similar apps by charging no fees.
A leading Canadian fintech business founded in Fall of 2014 exclusively as a robo advisor algorithmic trading app named Wealthsimple Invest, it has grown significantly over the previous 8 years to include Wealthsimple Trade, a zero fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian consumers trade individual stocks and ETFs without having to pay commissions. The exception to this is when trading ETFs and stocks which are denominated in US Dollars. In that case, they charge a small currency conversion fee when buying and selling. But, gone are the times of paying more than $7 for each trade with online discount brokerages as was normal just a few years ago.
How Much in Funds do I Need to Have in Order to Get Started With Wealthsimple Trade?
Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of $1000-$5,000. This makes it hard for the common investor to start. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade offers both CRA registered and non-registered accounts. One are able to select between both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on Apple and Google Play. The app makes the signup phase and the trading of stocks and ETFs super easy.
So Is Wealthsimple Trade Secure?
Yes. Wealthsimple Trade is secure. Wealthsimple has over 15 billion CAD in Assets Under Management . These folks have been in business for more than 7 years and also at this time employs more than 600 people. The controlling owner is the admired publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.
But How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite straight forward to deposit to an account. Simply connect a chequing or savings account to your Trade account, and add money to your account in just a few clicks. Deposits from banks to Wealthsimple usually take only a few days. Funds can the same way can be moved back to a chequing or savings account through the exact same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to Interac e-Transfers that allows one to quickly and easily transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your tax return online for free. It’s pitched to be simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid debit card and savings account that lets one to earn 1% cashback on your everyday spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that offers a ton of courses on different topics such as saving, investments, crypto, real estate and much more.
Each of the above features, including Wealthsimple Trade may be accessed in the mobile app and on their site with your Wealthsimple login.
But How do I Get Started Using Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll get the cash value of a stock valued at $25 up to $4,500 Canadian once you add funds to your account.
But What if I Still Have Questions Concerning Wealthsimple Sign In?
If this review still hasn’t answered all of your questions, and you’re still looking for more specific information about Wealthsimple Sign In, visit the Wealthsimple site to find answers to all your questions.