Wealthsimple Trade Cipf: Complete Guide

What is Wealthsimple?

Wealthsimple is a simple to use Canadian digital Financial, stock plus crypto trading web app that sets itself apart from similar apps by charging absolutely no fees. 

A leading Canadian online financial services business founded in Autumn of twenty fourteen exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has improved substantially over the last 8 years to also feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian consumers trade single stocks and ETFs without having to pay commissions. The exception to this is when you’re trading stocks that are listed in USD currency. In which case, they charge a small currency conversion fee both when buying and selling. But, past us are the times of having to pay $7-12 for each trade with digital discount brokerages as was the case just a few years ago.

How Much in Funds Will I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is special such that they will allow investors to make a minimum deposit of only $1. Most traditional banks and brokerages have large min deposit amounts of 1k-$5000. This makes it hard for the typical new investor to start. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade offers both registered and non-registered accounts. One are free to select both RRSP and TFSA accounts during the setup wizard. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app available to download on iOS and also Google Play. The app makes the signup process and trading of stocks and ETFs truly simple.

But Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is safe. Wealthsimple has in excess of 15 billion CAD in Assets Under Management . These folks have been operating for more than 7 years and also at this time employs roughly 600 people. The primary owner is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online brokerage to operate in Canada.

But How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly simple to add money to your new account. Just connect to a chequing or savings account to your Trade account, and add funds to your account in only a couple of steps. Deposits from your bank to Wealthsimple usually take just a couple of days. Funds can the same way can be moved to your chequing or savings account using the same steps.

What Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac E-transfers which allow one to quickly and efficiently send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid visa and savings account which lets one to recieve 1% cashback on your purchases, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a bunch of courses on saving, investing, crypto, real estate and more. 

All of the listed products, including Wealthsimple Trade can be found within the app or on their site with a single login.

So How Can I Get Started Using Wealthsimple Trade?

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

What if I Still Have Additional Questions About Wealthsimple Learn?

If this blog post hasn’t answered all of your questions, and you’re still searching for additional answers relating to Wealthsimple Trade Cipf, visit the Wealthsimple site for answers to all your questions.