Wealthsimple Trade Youtube: Complete Guide

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, stock and crypto trading platform that differentiates itself from similar apps by charging absolutely no fees. 

A online financial services company launched in Autumn 2014 exclusively as a robo-advisor automated trading app named Wealthsimple Invest, it has changed considerably over the previous 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors trade both individual stocks and also ETFs without needing to pay commissions. The exception to this is when trading securities which are listed in US Dollars. In that case, they will charge a small currency conversion fee when buying and selling. However, behind us are the days of having to pay more than $7 per trade with discount brokerages as was the case only a few years past.

Exactly How Much Cash Will I Need to Have to Begin Investing on Wealthsimple Trade?

Wealthsimple is unique such that they will allow new customers to make a minimum deposit of just $1. The majority of alternative banks and brokerages have large minimum deposit amounts of $1000-$5000. This makes it impossible for the every day investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

They do. Wealthsimple Trade has available registered and non-CRA-registered accounts. One can select between both RRSP and TFSA account types in the setup phase. 

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app available to download on Apple and Google Play. The smartphone app makes the signup process and also the trading of stocks and ETFs incredibly easy.

Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is trustworthy. Wealthsimple reports over 15 billion CAD in Assets Under Management (AUM). This company has been expanding for more than 7 years and also right now employs over 600 Canadians. The main owner is the respected public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage operating in Canada.

So How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite straight forward to add money to an account. Simply connect to a chequing or savings account to your Trade account, then fund your account in simply a few clicks. Deposits from financial institutions to Wealthsimple usually take a few days. Funds can also be moved back to a chequing or savings account by using the exact same steps.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to E-Transfers that allows anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax season and file your tax return online free. It’s advertised to be simple, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings account that allows you to get 1% cashback on your spending, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a bunch of online courses on topics like saving, investing, crypto, real estate and much more. 

Every one of the mentioned features, along with Wealthsimple Trade can be found on the app or at the site with one login.

But How Can I Start Using Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As an exclusive registration bonus for our audience you’ll receive the equivalent cash value of a share worth $25 up to $4,500 Canadian when you make an initial deposit to your account.

What if I Still Have Additional Questions Related to Wealthsimple Premium?

If this blog post didn’t given you the answers to each of your questions, and you’re searching for additional answers relating to Wealthsimple Trade Youtube, go to the Wealthsimple site to find answers to each your questions.