Wealthsimple Trade 2fa: Complete Guide

What is Wealthsimple?

Wealthsimple is a simple to use Canadian digital Financial, stocks and crypto trading web app that distinguishes itself from its competitors by charging absolutely no fees. 

A leading Canadian fintech company launched in Autumn twenty fourteen originally as a robo advisor algorithmic trading app called Wealthsimple Invest, it has changed substantially over the past eight years to feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers to trade single stocks and ETFs without needing to pay fees. The exception is when trading ETFs and stocks which are displayed in US Dollars. In that case, they charge a currency conversion fee when buying and selling. But, past us are the times of having to pay $7-12 per each trade with discount brokerages as was expected just a few years ago.

Exactly How Much in Funds Will I Need to Have to Get Started on Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large initial deposit amounts of $1000-$5,000. This makes it impossible for the common new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer Registered Accounts?

Of course. Wealthsimple Trade offers both registered and non-registered account types. One can choose between both RRSP and TFSA accounts during the setup wizard. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app that is available to download on both IOS and Android. The smartphone app makes the enrollment phase and also the trading of stocks and ETFs very a breeze.

Is Wealthsimple Trade Secure?

Most definitely. Wealthsimple Trade is safe. Wealthsimple boasts over 15 billion Canadian in Assets Under Management . they’ve been in business for more than 7 years and now employs about 600 people. The controlling shareholder is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage operating in Canada.

But How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it easy to add money to an account. Simply connect a chequing or savings account with your Trade account, then add funds to your account in just a few clicks. Deposits from your bank to Wealthsimple normally take only a few days. Funds can just as easily be moved to a chequing or savings accounts with the same process.

Which Additional Features and Products Are Available?

Wealthsimple Cash – An equivalent to Interac E-Transfers which allows anyone to quickly and easily transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax year and file your tax return online for free. It’s described as easy, accurate and always totally free tax filing.

Wealthsimple Spend – A combination prepaid visa and savings product which allows you to recieve 1% cashback on your everyday spending, as well as earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a bunch of different courses on different topics such as saving, investing, crypto, real estate and much more. 

Every one of the mentioned products, along with Wealthsimple Trade may be accessed in the mobile app and at the site with your Wealthsimple login.

But How Can I Start With Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For a special registration bonus offer to our readers you’ll receive the cash value of a random stock valued at up to $4,500 Canadian once you fund your account.

But What if I Still Have Additional Questions About Mutual Funds Wealthsimple?

If this blog post didn’t given you the answers to all of your questions, and you’re still looking for more info about Wealthsimple Trade 2fa, check out the Wealthsimple site to find answers to each your questions.