Wealthsimple Trade Under 18: Complete Guide

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, securities and crypto trading web app that distinguishes itself from other apps by charging absolutely no fees. 

A leading Canadian online financial services company launched in the Autumn twenty fourteen originally as a robo-advisor automated trading app called Wealthsimple Invest, it has improved significantly over the past 8 years to also include Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers to trade both single stocks and ETFs without paying any commissions. The exception to this is when trading stocks which are denominated in USD currency. In that case, they charge a nominal currency conversion fee both when buying and selling. But, past us are the days of paying Upwards of $7 per trade with discount brokerages as was normal just a couple years ago.

Exactly How Much Cash do I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is awesome such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and brokerages have large initial deposit amounts of 1K-$5000. This makes it impossible for the typical investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

Of course. Wealthsimple Trade offers both registered and non-registered accounts. One are free 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 convenient mobile app available on both iOS and also Google Play. The smartphone app makes the registration phase and also the trading of stocks and ETFs super simple.

But Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion Canadian in Assets Under Management (AUM). They have been expanding for more than 7 years and currently employs more than 600 people. The majority shareholder is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.

So How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to deposit to a new account. Simply connect to a chequing or savings account with your Trade account, then fund your account in simply a couple of clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts by the exact same steps.

Which Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to Interac e-Transfers that allow you to quickly and efficiently send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid visa and savings account which allows one to get 1% cashback on all your everyday spending, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a ton of different courses on saving, investments, crypto, real estate and much more. 

Every one of the listed products, including Wealthsimple Trade can be accessed within the mobile app or from the site with one login.

So How Should I Get Started With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For a special signup bonus for our audience you’ll receive the cash value of a share worth $25 up to $4,500 Canadian when you add funds to your account.

So What if I Still Have Additional Questions Related to Wealthsimple Owner?

If this review didn’t answered all of your questions, and you’re still looking for further specific facts about Wealthsimple Trade Under 18, check out the Wealthsimple site for answers to all your questions.