What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stocks and crypto trading app that sets itself apart from similar apps by charging no fees.
A Toronto, Ontario based fintech business founded in Fall twenty fourteen originally as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has evolved considerably over the previous eight years to also feature Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade lets investors to trade single stocks and also ETFs without paying fees. The exception to this is when you’re trading stocks which are denominated in USD currency. In this case, they do charge a nominal currency conversion fee when buying and selling. However, behind us are the times of paying Upwards of $7 per each trade with online discount brokerages as was expected a couple years past.
Exactly How Much Money do I Need to Have in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they allow investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of 1k-$5000. This makes it hard for the typical investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have TFSA Accounts?
It does. Wealthsimple Trade has registered and non-CRA-registered account types. You are free to choose between both RRSP and TFSA accounts in the setup wizard.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app offered to download on both Apple and also Google Play. The mobile app makes the enrollment process and also the trading of stocks and ETFs super easy.
So Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion CAD of Assets Under Management . they’ve been expanding for more than 7 years and also employs about 600 people. The controlling shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.
So How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very easy to fund your new account. Just connect the app to a chequing or savings account to your Trade account, and then add money to your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple normally take just a couple of days. Funds can just as easily be withdrawn your chequing or savings account by the same method.
Which Other Benefits and Products Are Available?
Wealthsimple Cash – An equivalent to E-Transfers that allows one to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax year and submit your taxes online for free. It’s advertised to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows one to recieve 1% cashback on all your purchases, as well as get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a ton of different online courses on topics like saving, investments, crypto, real estate and more.
Each of the above features, including Wealthsimple Trade may be accessed in the app or at the site with a single login.
So How Should I Begin Using Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. As an exclusive registration bonus for our readers you’ll receive the cash value of a share valued at up to $4,500 CAD once you add funds to your account.
What if I Still Have Questions Concerning Wealthsimple Tax Login?
If this article didn’t answered all of your questions, and you’re searching for more answers relating to Wealthsimple Tax Login, visit the Wealthsimple website to find answers to each your questions.