Apps Like Wealthsimple Trade

What is Wealthsimple?

Wealthsimple is an easy to use Canadian digital Financial, stocks plus crypto trading app that distinguishes itself from its competitors by charging absolutely no fees.

A Toronto, Ontario based online financial services company launched in Autumn of 2014 exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has evolved substantially over the last 8 years to also feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade stand alone stocks and also ETFs without having to pay commissions. The exception is when you’re trading stocks which are displayed in USD. In which case, they will charge a small currency conversion fee both when buying and selling. But, past us are the days of paying Upwards of $7 per trade with discount brokerages as was the norm only a couple years ago.

How Much in Funds do I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is unique such that they allow Canadians to make a minimum deposit of just $1. The majority of alternative banks and discount brokerages have quite large min deposit amounts of 1k-5K. This makes it difficult for the common investor to start. With Wealthsimple Trade, you won’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade has available both registered and non-CRA-registered accounts. One are able to select between both RRSP and TFSA account types in the setup process.

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app that is offered on both Apple and Google Play. The mobile app makes the signup process and trading of stocks and ETFs very painless.

But Is Wealthsimple Trade Legit?

. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion Canadian of Assets Under Management . This company has been operating for more than 7 years and currently employs more than 600 Canadians. The majority owner is the large publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

But How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so straight forward 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 only a few steps. Deposits from banks to Wealthsimple typically take only a few days. Funds can also be withdrawn your chequing or savings accounts with the exact same process.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to Interac E-Transfers that allow one to quickly and easily send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and file your taxes online for free. It’s pitched to be easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which allows one to earn 1% cashback on all your everyday purchases, and also get a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which includes a variety of different courses on different topics such as saving, investments, crypto, mortgages and more.

Every one of the mentioned products, along with Wealthsimple Trade may be accessed on the mobile app or at the site with your Wealthsimple login.

How do I Begin Using Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. As a special registration bonus offer to our readers you’ll get the cash value of a random stock worth $25 up to $4,500 Canadian when you fund your account.

What if I Still Have Additional Questions About Apps Like Wealthsimple Trade?

If this review still hasn’t given you the answers to each of your questions, and you’re browsing for additional specific information about Apps Like Wealthsimple Trade, visit the Wealthsimple site to get answers to all your questions.