Can You Use Wealthsimple Trade On Computer

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, stock plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees.

A leading Canadian online financial services company launched in Fall 2014 originally as a robo advisor trading platform called Wealthsimple Invest, it has evolved significantly over the last eight years to also feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade lets Canadian investors trade single stocks and ETFs without having to pay any fees. The exception is when trading stocks which are listed in US Dollars. In this case, they charge a nominal currency conversion fee both when buying and selling. However, past us are the times of paying more than $7 per each trade with online discount brokerages as was the case only a couple years ago.

Exactly How Much in Funds Will I Need to Start With Wealthsimple Trade?

Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and brokerages have large minimum deposit amounts of $1000-5k. This makes it tough for the typical investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Offer TFSA Accounts?

Yes. Wealthsimple Trade has available both CRA registered and non-registered accounts. You are able to select both RRSP and TFSA account types in the setup wizard.

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a convenient mobile app that is available to download on both iOS and also Google Play. The app makes the signup process and the trading of stocks and ETFs truly a breeze.

But Is Wealthsimple Trade Secure?

. Wealthsimple Trade is safe. Wealthsimple has more than 15 billion Canadian of Assets Under Management . This company has been doing business for more than 7 years and employs about 600 folks. The main shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital brokerage operating in Canada.

But How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it very easy to add funds to an account. Just connect to a chequing or savings account to your Trade account, and then add funds to your account in only a few steps. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can the same way can be withdrawn a chequing or savings accounts by using the same process.

Which Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to E-transfers that allow anyone to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to prepare for this tax season and submit your taxes online free. It’s pitched as easy, accurate and always free tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a bunch of different courses on topics like saving, investments, crypto, mortgages and much more.

Each of the above products, along with Wealthsimple Trade can be accessed in the mobile app and on the site with a single login.

So How Can I Start With Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. As an exclusive registration bonus to our readers you will receive the equivalent cash value of a random Canadian stock worth up to $4,500 CAD once you add funds to your account.

But What if I Still Have Questions Concerning Can You Use Wealthsimple Trade On Computer?

If this review hasn’t given you the answers to each of your questions, and you’re browsing for more information relating to Can You Use Wealthsimple Trade On Computer, check out the Wealthsimple website to find answers to each your questions.