What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stock and crypto trading web app that differentiates itself from the competition by charging absolutely no fees.
A leading Canadian fintech business founded in the Autumn 2014 originally as a robo-advisor automated trading app called Wealthsimple Invest, it has improved significantly over the past eight years to also include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers trade single stocks and also ETFs without paying any commissions. The exception is when trading securities which are listed in USD. In which case, they charge a currency conversion fee when buying and selling. But, gone are the days of having to pay Upwards of $7 per each trade with online discount brokerages as was normal just a few years past.
How Much in Funds Will I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is cool such that they will allow investors to make a minimum deposit of only $1. Many alternative banks and brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it hard for the typical investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has both registered and non-CRA-registered account types. One are free to choose between both RRSP and TFSA accounts during the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app available to download on IOS and also Google Play. The mobile app makes the registration process and the trading of stocks and ETFs super easy.
Is Wealthsimple Trade Legit?
Definitely. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion CAD of Assets Under Management . These folks have been in business for more than 7 years and at this time employs over 600 people. The controlling owner is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees online brokerage operating in Canada.
So How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly simple to fund your new account. Just connect the app to a chequing or savings account with your Trade account, and then fund your account in simply a few steps. Deposits from financial institutions to Wealthsimple typically take a few days. Funds can the same way can be moved to your chequing or savings account by the same method.
What Other Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to E-transfers that allow you to quickly and efficiently send cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to prepare for tax year and file your tax return online free. It’s described to be simple, accurate and always free tax return filing.
Wealthsimple Spend – A combination pre paid debit card and savings product which lets you to recieve 1% cashback on all your purchases, and also get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that includes a bunch of courses on saving, investing, crypto, mortgages and more.
Every one of the above features, along with Wealthsimple Trade can be found on the app and on the site with one login.
How Can I Get Started With Wealthsimple Trade?
Click here to create a Wealthsimple Trade account. As a special signup bonus offer for our readers you’ll receive the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 Canadian once you fund your account.
So What if I Still Have Additional Questions Concerning 100 Dogecoin Wealthsimple?
If this article didn’t answered all of your questions, and you’re browsing for additional facts relating to 100 Dogecoin Wealthsimple, check out the Wealthsimple website to find answers to all your questions.