What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stocks and crypto trading app that differentiates itself from other apps by charging no fees.
A leading Canadian fintech company founded in Autumn of 2014 originally as a robo advisor automated trading platform called Wealthsimple Invest, it has evolved significantly over the last eight years to include Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets Canadian consumers trade individual stocks and also ETFs without paying fees. The exception to this is when you’re trading stocks which are displayed in USD currency. In that case, they will charge a small currency conversion fee when buying and selling. But, behind us are the days of paying $7-12 per each trade with online discount brokerages as was common only a couple years ago.
How Much in Funds Will I Need to Start With Wealthsimple Trade?
Wealthsimple is awesome in that they allow new customers to make a minimum deposit of just $1. Most alternative banks and brokerages have sizeable initial deposit amounts of 1k-$5,000. This makes it impossible for the everyday investor to get started. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
Of course. Wealthsimple Trade offers both registered and non-CRA-registered account types. One can choose both RRSP and TFSA account types in the setup process.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app offered on both iOS and also Google Play. The mobile app makes the signup steps and the trading of stocks and ETFs painless.
So Is Wealthsimple Trade Trustworthy?
Definitely. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion CAD of Assets Under Management (AUM). they’ve been doing business for more than 7 years and currently employs more than 600 Canadians. The majority shareholder is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fee digital brokerage to operate in Canada.
So How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it simple to deposit to an account. Simply connect a chequing or savings account to your Trade account, and add funds to your account in just a couple of clicks. Deposits from banks to Wealthsimple usually take only a few days. Funds can the same way can be withdrawn a chequing or savings account with the same method.
What Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to e-Transfers which allows you 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 tax return online free. It’s described as easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account which lets one to get 1% cashback on all your everyday spending, and also earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a ton of courses on topics like saving, investing, crypto, home buying and much more.
Each of the above features, along with Wealthsimple Trade can be accessed within the mobile app and at the site with your Wealthsimple login.
How Can I Begin With Wealthsimple Trade?
Click here to setup a new Wealthsimple Trade account. As an exclusive registration bonus to our audience you’ll get the equivalent cash value of a share valued at up to $4,500 CAD as soon as you make an initial deposit to your account.
But What if I Still Have Questions Concerning Wealthsimple Ytd Returns?
If this review hasn’t given you the answers to each of your questions, and you’re searching for more specific info relating to Wealthsimple Ytd Returns, go to the Wealthsimple website to get answers to every one of your questions.