Wealthsimple Trade Ipo: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based Financial, securities plus crypto trading platform that sets itself apart from the competition by charging absolutely no fees. 

A leading Canadian online financial services company founded in the Fall twenty fourteen exclusively as a robo-advisor trading app called Wealthsimple Invest, it has grown considerably over the previous eight years to include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade both individual stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading securities that are displayed in USD currency. In this case, they charge a small currency conversion fee both when buying and selling. However, past us are the times of having to pay $7-12 per each trade with online discount brokerages as was common just a few years past.

Exactly How Much in Funds do I Need to Have in Order to Start Investing on Wealthsimple Trade?

Wealthsimple is cool such that they allow Canadians to make a minimum deposit of just $1. Most traditional banks and brokerages have large minimum deposit amounts of $1000-5k. This makes it hard for the every day new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

Yes. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One can select both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a easy to use mobile app available to download on both Apple and Google Play. The smartphone app makes the registration phase and also the trading of stocks and ETFs truly simple.

Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is safe. Wealthsimple boasts more than 15 billion CAD of Assets Under Management (AUM). they’ve been expanding for more than 7 years and also currently employs over 600 people. The controlling shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage to operate in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very straight forward to fund your account. Just connect to a chequing or savings account with your Trade account, and fund your account in simply a couple of clicks. Deposits from banks to Wealthsimple usually take just a couple of days. Funds can just as easily be moved to a chequing or savings accounts with the same method.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to Interac E-Transfers that allow you 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 tax return online for free. It’s advertised as easy, accurate and always free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product that allows one to recieve 1% cashback on all your spending, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of different online courses on different topics such as saving, investing, crypto, real estate and more. 

Each of the listed products, along with Wealthsimple Trade can be found on the app or on their site with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. As an exclusive registration bonus for our readers you will receive the equivalent cash value of a random share worth $25 up to $4,500 CAD when you fund your account.

What if I Still Have Questions Related to Uwmc Wealthsimple?

If this review still hasn’t answered each of your questions, and you’re still searching for further specific information relating to Wealthsimple Trade Ipo, go to the Wealthsimple website to find answers to all your questions.