Wealthsimple Trade Review Reddit: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, stocks plus crypto trading app that sets itself apart from other apps by charging no fees. 

A Toronto, Ontario based online financial services company founded in the Fall of twenty fourteen exclusively as a robo-advisor trading app named Wealthsimple Invest, it has evolved considerably over the past eight years to also feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets investors to trade single stocks and also ETFs without needing to pay fees. The exception is when you’re trading stocks and ETFs that are listed in USD. In which case, they charge a small currency conversion fee when buying and selling. But, gone are the days of paying $7-12 for each trade with online discount brokerages as was normal a few years ago.

How Much in Funds Will I Need to Have to Begin Investing on Wealthsimple Trade?

Wealthsimple is awesome in that they allow Canadians to make a minimum deposit of just $1. Most alternative banks and brokerages have large min deposit amounts of 1K-$5,000. This makes it difficult for the normal investor to get started. With Wealthsimple Trade, you won’t need to already be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade has available CRA registered and non-registered accounts. One may choose between both RRSP and TFSA accounts in the setup phase. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is available on both Apple and also Google Play. The smartphone app makes the registration steps and trading of stocks and ETFs super simple.

So Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is safe. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and also now employs more than 600 folks. The primary owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage operating in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly straight forward to add funds to your account. Just connect to a chequing or savings account to your Trade account, and add funds to your account in simply a couple of clicks. Deposits from your bank to Wealthsimple normally take only a few days. Funds can just as easily be withdrawn your chequing or savings account by using the exact same method.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers which allows you to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you require to get ready for this tax year and submit your taxes online free. It’s described to be easy, accurate and always free income tax filing.

Wealthsimple Spend – A combination pre paid visa and savings product that allows you to earn 1% cashback on all your spending, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a variety of courses on saving, investments, crypto, home buying and more. 

Every one of the above features, including Wealthsimple Trade can be found in the mobile app or on the website with your Wealthsimple login.

How do I Start Using Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. For a special signup bonus offer for our audience you will get the cash value of a share worth up to $4,500 Canadian as soon as you add funds to your account.

But What if I Still Have Additional Questions Related to Etf Wealthsimple Reddit?

If this article hasn’t given you the answers to all of your questions, and you’re still looking for additional information about Wealthsimple Trade Review Reddit, check out the Wealthsimple site to find answers to every one of your questions.