Wealthsimple Trade To Mint: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, stocks and crypto trading web app that differentiates itself from the competition by charging no fees. 

A Toronto, Ontario based fintech business founded in the Autumn of 2014 originally as a robo advisor automated trading app called Wealthsimple Invest, it has changed substantially over the previous eight years to also include Wealthsimple Trade, a zero fee discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets Canadian investors trade individual stocks and also ETFs without paying any commissions. The exception to this is when you’re trading stocks and ETFs that are displayed in USD. In which case, they do charge a currency conversion fee both when buying and selling. But, behind us are the times of having to pay $7-12 per each trade with online discount brokerages as was the norm a couple years past.

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

Wealthsimple is awesome in that they will allow Canadians to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large minimum deposit amounts of 1k-$5,000. This makes it tough for the common investor to start investing. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

It does. Wealthsimple Trade has available registered and non-registered accounts. One are able to choose between both RRSP and TFSA accounts in the setup wizard. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app offered on both IOS and also Android. The mobile app makes the signup phase and the trading of stocks and ETFs very simple.

So Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion CAD of Assets Under Management . They have been in business for more than 7 years and right now employs about 600 folks. The controlling shareholder is the large public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage to operate in Canada.

How Can I Add Money to a Wealthsimple Trade Account?

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

What Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to e-transfers that allows anyone to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax year and submit your tax return online free. It’s described as simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account that lets one to earn 1% cashback on your purchases, as well as earn a very competitive 1.5% interest on savings.

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

Each of the mentioned features, along with Wealthsimple Trade can be accessed within the app and at the site with your Wealthsimple login.

How Can I Get Started Using Wealthsimple Trade?

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

But What if I Still Have Additional Questions Related to Wealthsimple 4500 Stock?

If this article still hasn’t answered each of your questions, and you’re still browsing for further specific answers relating to Wealthsimple Trade To Mint, check out the Wealthsimple site for answers to every one of your questions.