Wealthsimple Trade Referral Code $25: Complete Guide

What is Wealthsimple?

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

A Toronto, Ontario based online financial services business launched in the Fall twenty fourteen originally as a robo advisor trading platform named Wealthsimple Invest, it has changed substantially over the last 8 years to include Wealthsimple Trade, a zero fee discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade single stocks and also ETFs without needing to pay any commissions. The exception to this is when you’re trading securities that are listed in US Dollars. In this case, they will charge a currency conversion fee when buying and selling. But, behind us are the days of having to pay Upwards of $7 per each trade with discount brokerages as was expected only a few years ago.

How Much in Funds Will I Need in Order to Start Investing on Wealthsimple Trade?

Wealthsimple is awesome in that they allow Canadian investors to make a minimum deposit of only $1. Most alternative banks and discount brokerages have quite large min deposit amounts of 1k-5K. This makes it impossible for the normal new investor to start. With Wealthsimple Trade, one doesn’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Offer TFSA Accounts?

They do. Wealthsimple Trade offers both registered and non-registered account types. You are able to select both RRSP and TFSA accounts in the setup process. 

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a modern mobile app available on both Apple and also Google Play. The mobile app makes the registration phase and the trading of stocks and ETFs very painless.

But Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion Canadian of Assets Under Management . They have been operating for more than 7 years and also currently employs more than 600 people. The primary owner is the respected public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage operating in Canada.

But How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very simple to add money to an account. Simply connect the app to a chequing or savings account to your Trade account, and then fund your account in only a couple of clicks. Deposits from financial institutions to Wealthsimple typically take just a couple of days. Funds can also be moved to a chequing or savings accounts by the same process.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – An alternative to Interac e-Transfers which allows you to quickly and simply transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your taxes online free. It’s described as simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination prepaid visa and savings account that allows you to get 1% cashback on all your spending, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a bunch of different online courses on topics like saving, investments, crypto, mortgages and more. 

Each of the mentioned features, along with Wealthsimple Trade may be found in the mobile app or from their website with a single login.

How do I Start Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For an exclusive registration bonus offer to our readers you’ll receive the equivalent cash value of a random Canadian stock worth up to $4,500 CAD once you deposit to your account.

But What if I Still Have Additional Questions Concerning Market Buy Pending Wealthsimple?

If this blog post didn’t given you the answers to each of your questions, and you’re still looking for more information relating to Wealthsimple Trade Referral Code $25, go to the Wealthsimple website to get answers to each your questions.