Wealthsimple Trade 100 Bonus: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading web app that sets itself apart from similar apps by charging absolutely no fees. 

A Toronto, Ontario based fintech company founded in Fall of twenty fourteen originally as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has changed considerably over the previous 8 years to feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows investors trade both stand alone stocks and ETFs without paying fees. The exception is when you’re trading ETFs and stocks which are denominated in USD. In this case, they do charge a currency conversion fee both when buying and selling. However, past us are the times of paying $7-12 for each trade with online discount brokerages as was expected only a few years ago.

Exactly How Much Cash Will I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is special such that they will 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 new investor to start investing. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade has available CRA registered and non-CRA-registered account types. You are able to select between both RRSP and TFSA accounts in the setup wizard. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app available to download on iOS and Google Play. The app makes the enrollment steps and trading of stocks and ETFs super easy.

But Is Wealthsimple Trade Legit?

Yes. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and employs about 600 Canadians. The primary shareholder is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee digital brokerage operating in Canada.

But How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so straight forward to add funds to an account. Just connect a chequing or savings account with your Trade account, and then add funds to your account in simply a couple of steps. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can the same way can be moved to a chequing or savings accounts by the same steps.

What Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to e-Transfers that allow anyone to quickly and simply transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for tax year and submit your tax return online for free. It’s described to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to earn 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a ton of courses on different topics such as saving, investing, crypto, mortgages and much more. 

Every one of the listed products, including Wealthsimple Trade may be accessed on the app and on their site with one login.

How Can I Get Started Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For a special registration bonus offer for our readers you’ll receive the cash value of a stock worth $25 up to $4,500 CAD as soon as you make an initial deposit to your account.

So What if I Still Have Questions Related to Wealthsimple Ontario Tax Calculator?

If this blog post still hasn’t answered each of your questions, and you’re searching for more specific facts about Wealthsimple Trade 100 Bonus, visit the Wealthsimple website to get answers to all your questions.