What is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, stock plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees.
A fintech company launched in the Autumn of twenty fourteen originally as a robo advisor trading app named Wealthsimple Invest, it has evolved substantially over the previous eight years to include Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows investors trade both individual stocks and also ETFs without paying any commissions. The exception is when trading stocks that are listed in US Dollars. In which case, they do charge a nominal currency conversion fee when buying and selling. But, behind us are the times of having to pay more than $7 for each trade with discount brokerages as was normal a couple years past.
How Much in Funds Will I Need in Order to Get Started With Wealthsimple Trade?
Wealthsimple is awesome such that they allow investors to make a minimum deposit of just $1. Most traditional banks and brokerages have quite large min deposit amounts of $1000-$5000. This makes it hard for the typical investor to start. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Offer RRSP Accounts?
It does. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. One can choose both RRSP and TFSA accounts in the setup wizard.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a modern mobile app offered on IOS and Google Play. The mobile app makes the registration process and the trading of stocks and ETFs very simple.
So Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). They have been doing business for more than 7 years and right now employs more than 600 people. The majority shareholder is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.
But How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly straight forward to add funds to an account. Just connect to a chequing or savings account to your Trade account, and then add funds to your account in just a couple of steps. Deposits from your bank to Wealthsimple typically take only a couple of days. Funds can just as easily be moved to a chequing or savings account with the exact same process.
What Other Features and Products Are Available?
Wealthsimple Cash – This is equivalent to Interac E-transfers that allow one to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax season and file your tax return online free. It’s advertised as easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account which lets you to get 1% cashback on all your spending, and also get a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that offers a variety of different online courses on saving, investments, crypto, mortgages and much more.
Each of the listed products, along with Wealthsimple Trade can be accessed in the app and at their site with a single login.
How Should I Begin With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As an exclusive registration bonus offer for our audience you will get the cash value of a random share valued at $25 up to $4,500 CAD as soon as you deposit to your account.
So What if I Still Have Additional Questions About Wealthsimple Ui?
If this review didn’t given you the answers to each of your questions, and you’re still looking for more specific facts relating to Wealthsimple Ui, check out the Wealthsimple website for answers to each your questions.