Wealthsimple Trade Vgro: Complete Guide

What is Wealthsimple?

Wealthsimple is a simple to use Canadian online Financial, securities and crypto trading platform that differentiates itself from its competitors by charging no fees. 

A fintech business launched in the Fall of twenty fourteen exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has evolved substantially over the past 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers trade both stand alone stocks and ETFs without having to pay any fees. The exception is when you’re trading stocks that are displayed in USD currency. In this case, they will charge a nominal currency conversion fee both when buying and selling. But, behind us are the days of paying more than $7 per trade with digital discount brokerages as was the norm only a few years past.

Exactly How Much in Funds do I Need to Get Started With Wealthsimple Trade?

Wealthsimple is special in that they will allow Canadians to make a minimum deposit of only $1. Most alternative banks and discount brokerages have quite large initial deposit amounts of 1k-5k. This makes it hard for the every day new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade offers CRA registered and non-registered account types. One are free to select between both RRSP and TFSA account types during the setup wizard. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is offered on Apple and also Google Play. The mobile app makes the signup phase and also the trading of stocks and ETFs very easy.

So Is Wealthsimple Trade Legit?

Yes. Wealthsimple Trade is safe. Wealthsimple has more than 15 billion Canadian in Assets Under Management . These folks have been operating for more than 7 years and also currently employs about 600 people. The main shareholder is the respected public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage operating in Canada.

But How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very straight forward to add funds to a new account. Simply connect a chequing or savings account to your Trade account, then add money to your account in only a couple of steps. Deposits from financial institutions to Wealthsimple normally take just a few days. Funds can just as easily be moved to your chequing or savings accounts with the exact same method.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to E-Transfers that allows anyone to quickly and easily transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax year and file your tax return online for free. It’s pitched to be easy, accurate and always free tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings product that lets you to get 1% cashback on all your everyday spending, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that offers a variety of different courses on different topics such as saving, investing, crypto, home buying and more. 

Each of the listed products, along with Wealthsimple Trade can be found on the mobile app or on their site with one login.

How do I Get Started With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As an exclusive signup bonus offer to our audience you will get the cash value of a share worth $25 up to $4,500 CAD once you fund your account.

What if I Still Have Questions Concerning Wealthsimple Invest $75?

If this article still hasn’t answered each of your questions, and you’re still looking for more specific information relating to Wealthsimple Trade Vgro, check out the Wealthsimple site to get answers to each your questions.