Wealthsimple Trade Hours: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, stock plus crypto trading web app that differentiates itself from other apps by charging no fees. 

A fintech company launched in Autumn 2014 originally as a robo advisor algorithmic trading app named Wealthsimple Invest, it has improved substantially over the past eight years to also include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows consumers to trade both stand alone stocks and also ETFs without having to pay any fees. The exception is when you’re trading securities which are displayed in US Dollars. In that case, they charge a small currency conversion fee both when buying and selling. But, past us are the days of paying $7-12 per trade with digital discount brokerages as was the case a couple years past.

Exactly How Much Cash Will I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadians to make a minimum deposit of only $1. Most alternative banks and discount brokerages have quite large minimum deposit amounts of $1,000-5K. This makes it tough for the normal new investor to start investing. With Wealthsimple Trade, you don’t need to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

It does. Wealthsimple Trade has both CRA registered and non-CRA-registered accounts. One can choose both RRSP and TFSA accounts in the setup wizard. 

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app available on IOS and Google Play. The mobile app makes the registration steps and trading of stocks and ETFs simple.

Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is safe. Wealthsimple has more than 15 billion CAD in Assets Under Management . These folks have been in business for more than 7 years and right now employs about 600 Canadians. The primary shareholder is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage to operate in Canada.

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

The Wealthsimple Trade smartphone app makes it incredibly easy to fund a new account. Just connect to a chequing or savings account with your Trade account, then add money to your account in simply a couple of clicks. Deposits from your bank to Wealthsimple typically take a few days. Funds can also be moved back to a chequing or savings accounts using the exact same steps.

Which Other Benefits and Products Are Available?

Wealthsimple Cash – An alternative to E-Transfers that allows you to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for this tax season and file your tax return online for free. It’s described as simple, accurate and always free tax return filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which allows you to recieve 1% cashback on your spending, as well as get a competitive 1.5% interest rate on savings.

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

Every one of the above features, including Wealthsimple Trade may be found within the mobile app or on their website with a single login.

How do I Get Started Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. As a special registration bonus offer to our audience you will receive the cash value of a stock worth $25 up to $4,500 CAD once you make an initial deposit to your account.

So What if I Still Have Additional Questions Related to Transfer Personal To Tfsa Wealthsimple?

If this article didn’t answered all of your questions, and you’re still browsing for more specific information about Wealthsimple Trade Hours, go to the Wealthsimple site to get answers to all your questions.