What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, securities plus crypto trading platform that sets itself apart from the competition by charging absolutely no fees.
A Toronto, Ontario based online financial services company launched in the Autumn 2014 originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has changed considerably over the last 8 years to also include Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets consumers trade both individual stocks and ETFs without needing to pay commissions. The exception is when you’re trading stocks and ETFs which are displayed in USD. In this case, they will charge a small currency conversion fee when buying and selling. But, past us are the times of paying $7-12 per trade with digital discount brokerages as was the norm only a couple years ago.
Exactly How Much Money Will I Need in Order to Get Started on Wealthsimple Trade?
Wealthsimple is unique such that they allow new customers to make a minimum deposit of just $1. Most traditional banks and brokerages have quite large initial deposit amounts of $1000-5k. This makes it difficult for the common investor to start. With Wealthsimple Trade, you don’t need to be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade has available both registered and non-registered account types. You may choose between both RRSP and TFSA account types in the setup wizard.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app that is offered on IOS and also Google Play. The smartphone app makes the enrollment process and also trading of stocks and ETFs truly painless.
But Is Wealthsimple Trade Safe?
Definitely. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management (AUM). they’ve been expanding for more than 7 years and also employs over 600 folks. The majority owner is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage to operate in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite simple to add funds to a new account. Just connect the app to a chequing or savings account with your Trade account, then add money to your account in just a few clicks. Deposits from financial institutions to Wealthsimple normally take a few days. Funds can also be moved back to your chequing or savings accounts by the exact same process.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to Interac e-transfers which allows one to quickly and efficiently transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for tax season and submit your tax return online free. It’s described as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows you to get 1% cashback on all your everyday purchases, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a ton of different online courses on topics like saving, investments, crypto, mortgages and much more.
Each of the listed features, including Wealthsimple Trade can be accessed on the mobile app and on their website with a single login.
So How Should I Begin With Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special registration bonus offer to our audience you’ll get the equivalent cash value of a Canadian stock valued at up to $4,500 Canadian when you deposit to your account.
So What if I Still Have Additional Questions Concerning Wealthsimple Office?
If this blog post didn’t answered all of your questions, and you’re still looking for additional info about Wealthsimple Trade 15 Minute Delay, go to the Wealthsimple site to get answers to all your questions.