What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, securities and crypto trading app that differentiates itself from the competition by charging no fees.
A leading Canadian online financial services company launched in Fall of twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has improved significantly over the previous 8 years to feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets investors trade both single stocks and also ETFs without needing to pay commissions. The exception is when trading stocks which are listed in USD. In that case, they charge a nominal currency conversion fee when buying and selling. But, past us are the times of paying $7-12 for each trade with discount brokerages as was normal a couple years past.
Exactly How Much Money Will I Need in Order to Begin Investing With Wealthsimple Trade?
Wealthsimple is special such that they will allow Canadians to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large min deposit amounts of $1,000-5k. This makes it hard for the typical new investor to start. With Wealthsimple Trade, you don’t need to be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Yes. Wealthsimple Trade has available registered and non-registered accounts. One may choose both RRSP and TFSA account types during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app available to download on both iOS and also Google Play. The mobile app makes the signup process and the trading of stocks and ETFs truly easy.
So Is Wealthsimple Trade Legit?
For sure. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion CAD of Assets Under Management (AUM). they’ve been operating for more than 7 years and right now employs over 600 folks. The controlling shareholder is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.
So How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite straight forward to fund your account. Just connect the app to a chequing or savings account with your Trade account, and then add money to your account in just a few steps. Deposits from financial institutions to Wealthsimple normally take just a couple of days. Funds can also be withdrawn your chequing or savings account by using the exact same process.
Which Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac E-Transfers that allow one to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for tax year and submit your tax return online free. It’s pitched to be easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product which lets one to recieve 1% cashback on all your purchases, and also get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a ton of online courses on saving, investing, crypto, mortgages and much more.
All of the above products, including Wealthsimple Trade can be found within the app and on their site with your Wealthsimple login.
But How Should I Get Started Using Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. As a special registration bonus to our readers you’ll get the equivalent cash value of a random share valued at $25 up to $4,500 CAD once you deposit to your account.
What if I Still Have Additional Questions Concerning Wealthsimple Hiring Freeze?
If this review hasn’t given you the answers to each of your questions, and you’re still browsing for more specific answers relating to Wealthsimple Review 360 Pearson, go to the Wealthsimple website to get answers to each your questions.