What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based investing, securities plus crypto trading web app that distinguishes itself from similar apps by charging no fees.
A online financial services business launched in the Autumn of twenty fourteen originally as a robo advisor trading app called Wealthsimple Invest, it has evolved substantially over the previous 8 years to also include Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets Canadian consumers trade individual stocks and ETFs without having to pay any commissions. The exception is when trading stocks which are listed in USD currency. In that case, they charge a small currency conversion fee both when buying and selling. But, behind us are the times of paying more than $7 per trade with discount brokerages as was common only a couple years ago.
Exactly How Much in Funds do I Need to Have in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is cool such that they will allow new customers to make a minimum deposit of just $1. The majority of alternative banks and brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it difficult for the normal new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
Yes. Wealthsimple Trade offers CRA registered and non-CRA-registered account types. One are free to select both RRSP and TFSA accounts in the setup process.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app available to download on Apple and Android. The app makes the registration process and the trading of stocks and ETFs incredibly painless.
So Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian in Assets Under Management . They have been operating for more than 7 years and now employs more than 600 folks. The controlling owner is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage operating in Canada.
How Do I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so easy to deposit to your new account. Just connect the app to a chequing or savings account with your Trade account, and fund your account in simply a couple of clicks. Deposits from your bank to Wealthsimple usually take just a few days. Funds can also be moved back to your chequing or savings accounts through the exact same process.
What Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to Interac E-transfers that allow anyone to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax season and submit your tax return online free. It’s described to be easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account which lets one to earn 1% cashback on your purchases, as well as earn a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a ton of different online courses on different topics such as saving, investments, crypto, real estate and much more.
Each of the above features, along with Wealthsimple Trade can be found in the app or at the website with your Wealthsimple login.
But How do I Begin Using Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special signup bonus to our audience you’ll get the cash value of a share valued at $25 up to $4,500 CAD when you make an initial deposit to your account.
What if I Still Have Questions About Wealthsimple Instant Deposit?
If this review still hasn’t answered each of your questions, and you’re still searching for further specific answers relating to Wealthsimple Review 90 Day, visit the Wealthsimple website for answers to each your questions.