Wealthsimple Trade 800 Number: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian online Financial, securities and crypto trading web app that differentiates itself from its competitors by charging no fees. 

A fintech business launched in Fall 2014 originally as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has improved significantly over the last eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows consumers trade individual stocks and also ETFs without paying commissions. The exception to this is when trading ETFs and stocks that are denominated in USD. In that case, they will charge a small currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 for each trade with online discount brokerages as was normal a couple years ago.

How Much Money do I Need to Start on Wealthsimple Trade?

Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of only $1. Most alternative banks and brokerages have quite large initial deposit amounts of $1000-5K. This makes it tough for the every day 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 TFSA Accounts?

Of course. Wealthsimple Trade offers both registered and non-CRA-registered account types. You are free to choose between both RRSP and TFSA accounts during the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered on IOS and Android. The app makes the enrollment phase and also trading of stocks and ETFs very painless.

Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion CAD in Assets Under Management . they’ve been doing business for more than 7 years and now employs over 600 Canadians. The main owner is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage operating in Canada.

So How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly simple to fund your new account. Just connect the app to a chequing or savings account with your Trade account, and then fund your account in only a couple of clicks. Deposits from banks to Wealthsimple usually take a few days. Funds can just as easily be moved to a chequing or savings account through the same steps.

What Other Features and Products Does Wealthsimple Offer?

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

Wealthsimple Tax – Everything you need to get ready for tax season and file your taxes online for free. It’s pitched to be simple, accurate and always free tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product which allows one to earn 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a variety of online courses on topics like saving, investing, crypto, home buying and more. 

All of the mentioned products, including Wealthsimple Trade can be accessed inside the mobile app and at their site with your Wealthsimple login.

But How do I Get Started With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For a special signup bonus to our audience you’ll receive the equivalent cash value of a random stock worth up to $4,500 Canadian once you make an initial deposit to your account.

What if I Still Have Additional Questions Concerning New Crypto On Wealthsimple?

If this article didn’t given you the answers to each of your questions, and you’re still browsing for additional facts relating to Wealthsimple Trade 800 Number, check out the Wealthsimple website to get answers to each your questions.