Wealthsimple Trade News: Complete Guide

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stocks plus crypto trading web app that sets itself apart from its competitors by charging no fees. 

A leading Canadian online financial services company founded in Fall twenty fourteen originally as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has changed considerably over the past 8 years to also include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade lets Canadian investors trade single stocks and ETFs without needing to pay commissions. The exception to this is when trading securities that are denominated in USD. In this case, they charge a small currency conversion fee both when buying and selling. But, behind us are the times of having to pay Upwards of $7 for each trade with digital discount brokerages as was normal just a couple years past.

How Much Money Will I Need to Have to Start Investing on Wealthsimple Trade?

Wealthsimple is unique in that they will allow new customers to make a minimum deposit of only $1. The majority of alternative banks and brokerages have large minimum deposit amounts of 1K-$5000. This makes it tough for the normal new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

It does. Wealthsimple Trade has available both CRA registered and non-registered accounts. One are able to select between both RRSP and TFSA accounts during the setup process. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app that is offered on both IOS and Android. The mobile app makes the registration phase and also the trading of stocks and ETFs truly a breeze.

So Is Wealthsimple Trade Secure?

. Wealthsimple Trade is secure. Wealthsimple has over 15 billion Canadian of Assets Under Management . They have been operating for more than 7 years and also right now employs roughly 600 Canadians. The controlling shareholder is the admired publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fee digital discount brokerage operating in Canada.

How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so straight forward to fund an account. Simply connect the app to a chequing or savings account to your Trade account, then add funds to your account in only a few clicks. Deposits from your bank to Wealthsimple usually take only a couple of days. Funds can just as easily be moved back to your chequing or savings accounts by the same steps.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to E-Transfers that allow anyone to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax season and submit your tax return online for free. It’s pitched as simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination pre paid visa and savings account that lets you to earn 1% cashback on all your purchases, and also earn a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a ton of online courses on different topics such as saving, investments, crypto, home buying and much more. 

Every one of the above features, along with Wealthsimple Trade can be accessed on the app or at the site with your Wealthsimple login.

How do I Start Using Wealthsimple Trade?

Click here to setup your Wealthsimple Trade account. For an exclusive signup bonus to our audience you’ll receive the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 Canadian as soon as you make an initial deposit to your account.

What if I Still Have Questions Related to How To Buy Xrp In Canada Wealthsimple?

If this article still hasn’t answered all of your questions, and you’re browsing for additional info relating to Wealthsimple Trade News, go to the Wealthsimple website to find answers to each your questions.