Wealthsimple Trade Jobs: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stock plus crypto trading web app that differentiates itself from its competitors by charging no fees. 

A fintech business launched in Fall of twenty fourteen exclusively as a robo-advisor trading platform called Wealthsimple Invest, it has improved significantly over the previous eight years to also include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers to trade both individual stocks and ETFs without paying fees. The exception to this is when you’re trading securities which are denominated in US Dollars. In which case, they do charge a currency conversion fee both when buying and selling. However, gone are the days of having to pay $7-12 per trade with online discount brokerages as was normal just a few years past.

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

Wealthsimple is special such that they will allow investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have quite large minimum deposit amounts of $1000-$5000. This makes it difficult for the typical new investor to start investing. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Have Registered Accounts?

Of course. Wealthsimple Trade has available CRA registered and non-CRA-registered accounts. You are free to select between both RRSP and TFSA account types in the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered on both Apple and Android. The mobile app makes the signup phase and also trading of stocks and ETFs very painless.

So Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also currently employs roughly 600 Canadians. The majority shareholder is the respected publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage to operate in Canada.

But How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very straight forward to add funds to your account. Simply connect to a chequing or savings account to your Trade account, and then add money to your account in just a couple of clicks. Deposits from financial institutions to Wealthsimple normally take a couple of days. Funds can the same way can be moved back to your chequing or savings account with the exact same steps.

What Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac E-Transfers which allows one to quickly and simply transfer money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid pre paid debit card and savings account that allows you to recieve 1% cashback on all your purchases, as well as get a very competitive 1.5% interest rate on savings.

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

All of the above features, including Wealthsimple Trade may be found within the app and on their website with your Wealthsimple login.

So How Should I Start Using Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. For an exclusive signup bonus for our readers you will get the equivalent cash value of a random share worth $25 up to $4,500 CAD as soon as you add funds to your account.

What if I Still Have Additional Questions About Wealthsimple Visa Review?

If this blog post didn’t given you the answers to each of your questions, and you’re looking for more info relating to Wealthsimple Trade Jobs, check out the Wealthsimple website to get answers to all your questions.