Wealthsimple Trade Ad Girl: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stocks plus crypto trading app that differentiates itself from its competitors by charging no fees. 

A leading Canadian fintech company founded in Fall 2014 exclusively as a robo advisor algorithmic automated trading platform called Wealthsimple Invest, it has evolved considerably over the last 8 years to also feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers trade stand alone stocks and ETFs without having to pay any fees. The exception to this is when trading stocks and ETFs that are displayed in US Dollars. In that case, they do charge a currency conversion fee when buying and selling. But, past us are the times of paying $7-12 for each trade with online discount brokerages as was the case only a few years ago.

Exactly How Much in Funds do I Need to Have in Order to Start Investing With Wealthsimple Trade?

Wealthsimple is awesome in that they allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large initial deposit amounts of 1K-5k. This makes it difficult for the typical new investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

Of course. Wealthsimple Trade has both registered and non-CRA-registered account types. One are free to choose both RRSP and TFSA account types during the setup wizard. 

Does Wealthsimple Trade Offer a Mobile App?

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

But Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is legit. Wealthsimple reports more than 15 billion CAD in Assets Under Management (AUM). they’ve been in business for more than 7 years and also right now employs roughly 600 folks. The majority owner is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage operating in Canada.

So How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it simple to deposit to an account. Just connect the app to a chequing or savings account with your Trade account, and fund your account in only a few clicks. Deposits from banks to Wealthsimple normally take only a couple of days. Funds can the same way can be moved to a chequing or savings account using the same process.

Which Additional Features and Products Are Available?

Wealthsimple Cash – An alternative to E-Transfers that allow you to quickly and efficiently transfer money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid debit card and savings product that lets one to recieve 1% cashback on your purchases, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a ton of different online courses on saving, investments, crypto, real estate and much more. 

Every one of the listed features, along with Wealthsimple Trade can be found on the app or at the site with one login.

How do I Get Started With Wealthsimple Trade?

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

What if I Still Have Questions About Wealthsimple Twitter?

If this article didn’t given you the answers to all of your questions, and you’re still searching for additional answers relating to Wealthsimple Trade Ad Girl, go to the Wealthsimple site to get answers to each your questions.