Wealthsimple Trade Keeps Logging Me Out: Complete Guide

What is Wealthsimple?

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

A leading Canadian fintech business launched in the Autumn of twenty fourteen exclusively as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has changed substantially over the last 8 years to feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows investors trade individual stocks and ETFs without having to pay any commissions. The exception is when trading ETFs and stocks which are denominated in USD currency. In which case, they will charge a small currency conversion fee both when buying and selling. But, past us are the days of having to pay more than $7 for each trade with digital discount brokerages as was normal only a few years past.

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

Wealthsimple is special such that they will allow Canadians to make a minimum deposit of just $1. Many alternative banks and discount brokerages have sizeable initial deposit amounts of 1K-5k. This makes it hard for the normal investor to get started. With Wealthsimple Trade, you won’t have to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

Of course. Wealthsimple Trade has CRA registered and non-CRA-registered accounts. One are able to select between both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app that is offered to download on iOS and also Google Play. The mobile app makes the registration steps and the trading of stocks and ETFs a breeze.

Is Wealthsimple Trade Safe?

Of course. Wealthsimple Trade is trustworthy. Wealthsimple has over 15 billion CAD of Assets Under Management (AUM). they’ve been doing business for more than 7 years and also at this time employs over 600 folks. The controlling shareholder is the large public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.

How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to deposit to an account. Just connect to a chequing or savings account with your Trade account, and then add money to your account in just a few steps. Deposits from financial institutions to Wealthsimple typically take a few days. Funds can the same way can be withdrawn a chequing or savings account by the same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac e-transfers that allows anyone to quickly and simply transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for tax year and file your taxes online free. It’s pitched to be simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination pre paid debit card and savings account which allows you to get 1% cashback on your spending, as well as get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform that includes a variety of different courses on topics like saving, investing, crypto, home buying and much more. 

Each of the mentioned features, along with Wealthsimple Trade may be accessed in the app and on the site with a single login.

But How Should I Get Started Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For an exclusive signup bonus offer for our readers you’ll receive the equivalent cash value of a stock valued at $25 up to $4,500 Canadian when you make an initial deposit to your account.

But What if I Still Have Questions Concerning Vgro Vs Wealthsimple?

If this blog post still hasn’t given you the answers to all of your questions, and you’re still searching for additional answers about Wealthsimple Trade Keeps Logging Me Out, visit the Wealthsimple site to find answers to every one of your questions.