What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, securities plus crypto trading web app that sets itself apart from the competition by charging no fees.
A Toronto, Ontario based online financial services company launched in the Fall twenty fourteen exclusively as a robo advisor trading app named Wealthsimple Invest, it has grown considerably over the past 8 years to also feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets Canadian investors to trade single stocks and also ETFs without having to pay any commissions. The exception to this is when trading ETFs and stocks which are displayed in USD. In which case, they do charge a nominal currency conversion fee both when buying and selling. However, past us are the times of paying Upwards of $7 for each trade with discount brokerages as was normal just a few years past.
How Much in Funds do I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is awesome in that they allow investors to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have sizeable min deposit amounts of 1k-5k. This makes it hard for the normal investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have TFSA Accounts?
Of course. Wealthsimple Trade offers registered and non-registered account types. You may choose between both RRSP and TFSA account types in the setup phase.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app available on both IOS and also Google Play. The smartphone app makes the signup steps and also trading of stocks and ETFs super simple.
Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion CAD of Assets Under Management (AUM). They have been operating for more than 7 years and at this time employs over 600 people. The controlling shareholder is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.
But How Do I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so straight forward to deposit to your new account. Just connect a chequing or savings account with your Trade account, and add funds to your account in just a few steps. Deposits from your bank to Wealthsimple usually take a few days. Funds can the same way can be withdrawn your chequing or savings account using the exact same method.
Which Additional Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to E-Transfers that allows anyone to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax season and submit your taxes online free. It’s advertised to be easy, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account which allows one to earn 1% cashback on your everyday spending, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a bunch of different online courses on topics like saving, investments, crypto, mortgages and much more.
All of the listed features, along with Wealthsimple Trade may be accessed inside the app and at their site with your Wealthsimple login.
But How Should I Get Started Using Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For an exclusive registration bonus to our readers you’ll get the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 CAD once you fund your account.
So What if I Still Have Additional Questions Related to 50$ Wealthsimple Cash?
If this article didn’t answered all of your questions, and you’re browsing for more specific info relating to 50$ Wealthsimple Cash, go to the Wealthsimple website to find answers to all your questions.