Wealthsimple Trade Etf List: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, securities plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees. 

A Toronto, Ontario based fintech business founded in Fall 2014 exclusively as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has evolved substantially over the past eight years to include Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian investors to trade individual stocks and also ETFs without needing to pay commissions. The exception is when trading securities which are denominated in USD currency. In this case, they do charge a currency conversion fee when buying and selling. However, behind us are the days of having to pay Upwards of $7 per each trade with discount brokerages as was normal just a few years ago.

Exactly How Much Money do I Need to Get Started With Wealthsimple Trade?

Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of only $1. The majority of alternative banks and discount brokerages have large min deposit amounts of $1000-5K. This makes it hard for the common new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

Of course. Wealthsimple Trade has available registered and non-registered accounts. One are free to select between both RRSP and TFSA account types during the setup phase. 

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app available to download on both iOS and also Android. The app makes the enrollment steps and also the trading of stocks and ETFs very painless.

So Is Wealthsimple Trade Trustworthy?

Of course. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian in Assets Under Management . These folks have been doing business for more than 7 years and also at this time employs more than 600 people. The main shareholder is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage operating in Canada.

So How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to add money to your new account. Simply connect to a chequing or savings account to your Trade account, and add funds to your account in just a few clicks. Deposits from financial institutions to Wealthsimple typically take only a few days. Funds can also be moved back to your chequing or savings accounts through the same method.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to Interac E-Transfers which allows you to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax season and submit your tax return online for free. It’s described to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings account that lets you to get 1% cashback on all your spending, and also get a competitive 1.5% interest 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, investments, crypto, home buying and more. 

Every one of the above products, including Wealthsimple Trade can be accessed in the mobile app and from their site with your Wealthsimple login.

How Should I Start With Wealthsimple Trade?

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

What if I Still Have Questions About Wealthsimple Rrsp Calculator?

If this review hasn’t answered all of your questions, and you’re still searching for more answers about Wealthsimple Trade Etf List, visit the Wealthsimple website for answers to all your questions.