What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian web based Financial, stock plus crypto trading app that distinguishes itself from the competition by charging no fees.
A leading Canadian fintech company launched in Autumn of 2014 exclusively as a robo-advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown substantially over the past eight years to feature Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian consumers to trade both stand alone stocks and also ETFs without needing to pay any commissions. The exception is when you’re trading securities which are denominated in US Dollars. In this case, they charge a small currency conversion fee when buying and selling. However, past us are the days of having to pay Upwards of $7 per each trade with discount brokerages as was normal just a few years ago.
Exactly How Much Money do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is special in that they will allow investors to make a minimum deposit of just $1. The majority of traditional banks and brokerages have large initial deposit amounts of 1K-5K. This makes it impossible for the typical investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
It does. Wealthsimple Trade has available both registered and non-CRA-registered account types. You are free to choose between both RRSP and TFSA accounts in the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app available to download on Apple and Google Play. The app makes the enrollment phase and also trading of stocks and ETFs truly a breeze.
Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). they’ve been expanding for more than 7 years and employs roughly 600 Canadians. The controlling shareholder is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.
But How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite easy to deposit to a new account. Simply connect to a chequing or savings account to your Trade account, and add funds to your account in only a few clicks. Deposits from banks to Wealthsimple normally take a few days. Funds can just as easily be moved back to your chequing or savings accounts with the same steps.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to E-Transfers that allow anyone to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for this tax season and file your taxes online free. It’s advertised to be easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account that lets one to get 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that offers a variety of courses on different topics such as saving, investments, crypto, real estate and more.
All of the above features, including Wealthsimple Trade may be accessed on the app and from the website with your Wealthsimple login.
So How do I Begin With Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. For a special registration bonus offer for our audience you will receive the cash value of a Canadian stock valued at $25 up to $4,500 Canadian once you make an initial deposit to your account.
What if I Still Have Questions About Wealthsimple Us Account?
If this article didn’t given you the answers to all of your questions, and you’re browsing for further specific information about Wealthsimple Us Account, visit the Wealthsimple site for answers to every one of your questions.