What is Wealthsimple?
Wealthsimple is an easy to use Canadian online investing, securities and crypto trading app that distinguishes itself from the competition by charging no fees.
A Toronto, Ontario based fintech company launched in the Fall twenty fourteen exclusively as a robo advisor trading app called Wealthsimple Invest, it has changed significantly over the past 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers to trade single stocks and ETFs without having to pay any fees. The exception to this is when you’re trading stocks that are listed in USD currency. In that case, they charge a nominal currency conversion fee when buying and selling. However, gone are the days of paying Upwards of $7 per each trade with digital discount brokerages as was common just a few years past.
Exactly How Much in Funds Will I Need to Start With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable initial deposit amounts of 1K-5k. This makes it impossible for the everyday investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
They do. Wealthsimple Trade has CRA registered and non-CRA-registered accounts. One can select both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app offered on Apple and Android. The app makes the signup phase and also trading of stocks and ETFs incredibly a breeze.
So Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management . These folks have been operating for more than 7 years and also now employs more than 600 folks. The controlling owner is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.
How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so simple to add funds to your new account. Simply connect to a chequing or savings account to your Trade account, then fund your account in only a few steps. Deposits from financial institutions to Wealthsimple normally take a few days. Funds can just as easily be withdrawn a chequing or savings account with the exact same process.
What Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers which allows one to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax year and submit your tax return online for free. It’s described as easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets one to earn 1% cashback on all your spending, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a variety of online courses on different topics such as saving, investing, crypto, home buying and more.
All of the listed features, including Wealthsimple Trade may be accessed within the mobile app and on their site with a single login.
But How Should I Start Using Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For an exclusive signup bonus offer for our audience you’ll get the equivalent cash value of a Canadian stock worth up to $4,500 Canadian once you fund your account.
But What if I Still Have Additional Questions Concerning Power Corp Wealthsimple?
If this review didn’t answered each of your questions, and you’re still looking for further information relating to Wealthsimple Trade Zscaler, go to the Wealthsimple site for answers to every one of your questions.