Wealthsimple Trade Gme: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, securities and crypto trading app that distinguishes itself from similar apps by charging no fees. 

A fintech company launched in the Fall of twenty fourteen exclusively as a robo-advisor algorithmic trading app named Wealthsimple Invest, it has evolved substantially over the past eight years to also feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows consumers to trade individual stocks and ETFs without having to pay any commissions. The exception is when trading stocks which are listed in USD. In this case, they will charge a nominal currency conversion fee both when buying and selling. But, past us are the days of having to pay Upwards of $7 per trade with online discount brokerages as was the norm only a few years past.

Exactly How Much Cash do I Need to Have to Start on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow investors to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have large min deposit amounts of 1k-$5,000. This makes it hard for the everyday new investor to get started. With Wealthsimple Trade, one doesn’t need to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. You are free to choose both RRSP and TFSA account types during the setup process. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app available on IOS and also Google Play. The smartphone app makes the registration process and also trading of stocks and ETFs painless.

But Is Wealthsimple Trade Secure?

Most definitely. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion CAD in Assets Under Management . These folks have been doing business for more than 7 years and employs about 600 Canadians. The primary shareholder is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage to operate in Canada.

But How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly simple to deposit to a new account. Just connect the app to a chequing or savings account with your Trade account, and then add funds to your account in simply a few steps. Deposits from financial institutions to Wealthsimple typically take a few days. Funds can just as easily be moved to your chequing or savings accounts by the exact same steps.

Which Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to Interac E-Transfers which allows one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax year and submit your tax return online free. It’s advertised to be easy, accurate and always free income tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings account which lets one to earn 1% cashback on all your everyday purchases, as well as 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 courses on different topics such as saving, investing, crypto, real estate and more. 

Every one of the listed products, along with Wealthsimple Trade may be found in the app or on the website with your Wealthsimple login.

How do I Begin Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For a special signup bonus for our audience you’ll receive the cash value of a share worth up to $4,500 Canadian when you fund your account.

What if I Still Have Questions Related to Sell Crypto Wealthsimple?

If this article still hasn’t answered all of your questions, and you’re searching for further specific answers relating to Wealthsimple Trade Gme, visit the Wealthsimple website to get answers to all your questions.