What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, stock plus crypto trading platform that distinguishes itself from other apps by charging no fees.
A fintech company launched in Autumn of 2014 exclusively as a robo-advisor automated trading app called Wealthsimple Invest, it has evolved significantly over the previous 8 years to also feature Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets consumers to trade both stand alone stocks and also ETFs without paying any fees. The exception is when you’re trading stocks and ETFs which are listed in US Dollars. In that case, they will charge a currency conversion fee both when buying and selling. However, gone are the times of having to pay $7-12 per each trade with online discount brokerages as was expected just a few years past.
Exactly How Much Money do I Need to Get Started With Wealthsimple Trade?
Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of just $1. Most traditional banks and discount brokerages have large minimum deposit amounts of 1k-$5000. This makes it difficult for the typical investor to start. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have Registered Accounts?
They do. Wealthsimple Trade has CRA registered and non-registered accounts. One are able to choose between both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app offered on both iOS and also Android. The app makes the registration phase and the trading of stocks and ETFs truly simple.
Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is safe. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). They have been expanding for more than 7 years and also currently employs more than 600 Canadians. The controlling owner is the large publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.
But How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so easy to deposit to a new account. Simply connect a chequing or savings account to your Trade account, and add funds to your account in only a couple of steps. Deposits from financial institutions to Wealthsimple normally take only a few days. Funds can just as easily be moved back to your chequing or savings accounts by the exact same method.
What Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to E-transfers which allow one to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax season and file your tax return online for free. It’s described as easy, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows you to earn 1% cashback on your purchases, and also get a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that includes a bunch of different courses on topics like saving, investments, crypto, real estate and more.
Every one of the above features, along with Wealthsimple Trade can be found inside the app and at their site with your Wealthsimple login.
But How Can I Start Using Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. As a special registration bonus offer to our audience you’ll receive the cash value of a stock valued at $25 up to $4,500 Canadian as soon as you add funds to your account.
But What if I Still Have Questions Concerning Wealthsimple 990?
If this blog post still hasn’t answered all of your questions, and you’re looking for further facts about Wealthsimple Trade Web Login, go to the Wealthsimple site to find answers to each your questions.