What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based Financial, stock plus crypto trading platform that sets itself apart from the competition by charging absolutely no fees.
A fintech business founded in Autumn twenty fourteen exclusively as a robo advisor algorithmic trading app called Wealthsimple Invest, it has improved considerably over the past eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets consumers to trade single stocks and ETFs without needing to pay any fees. The exception to this is when trading stocks and ETFs which are displayed in USD currency. In this case, they will charge a currency conversion fee when buying and selling. However, gone are the times of having to pay Upwards of $7 for each trade with online discount brokerages as was normal a couple years past.
Exactly How Much Cash Will I Need to Get Started With Wealthsimple Trade?
Wealthsimple is cool in that they allow investors to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have sizeable min deposit amounts of 1k-5k. This makes it impossible for the every day investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Offer RRSP Accounts?
It does. Wealthsimple Trade has both CRA registered and non-registered account types. One can select both RRSP and TFSA accounts in the setup process.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a convenient mobile app offered on both iOS and also Android. The app makes the registration process and the trading of stocks and ETFs incredibly easy.
But Is Wealthsimple Trade Legit?
. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian in Assets Under Management (AUM). they’ve been operating for more than 7 years and employs more than 600 people. The primary shareholder is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.
But How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it very simple to deposit to your new account. Simply connect to a chequing or savings account with your Trade account, and then add money to your account in only a couple of clicks. Deposits from your bank to Wealthsimple normally take a couple of days. Funds can also be moved to a chequing or savings accounts by the exact same process.
Which Other Features and Products Are Available?
Wealthsimple Cash – An alternative to Interac e-Transfers that allow anyone to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax season and file your taxes online for free. It’s advertised to be simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid visa and savings account that allows one to earn 1% cashback on your everyday spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which includes a variety of different courses on topics like saving, investing, crypto, real estate and much more.
Each of the listed features, including Wealthsimple Trade may be found on the mobile app and at their website with your Wealthsimple login.
But How Should I Begin Using Wealthsimple Trade?
Click here to setup a Wealthsimple Trade account. As a special registration bonus offer for our audience you’ll get the equivalent cash value of a random Canadian stock worth $25 up to $4,500 CAD when you add funds to your account.
So What if I Still Have Questions About Wealthsimple Sign In?
If this article hasn’t given you the answers to each of your questions, and you’re browsing for additional specific answers relating to Wealthsimple Trade Feature Request, check out the Wealthsimple website for answers to all your questions.