Does Wealthsimple Trade Crypto

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 absolutely no fees.

A leading Canadian fintech company founded in Autumn of 2014 exclusively as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown significantly over the previous eight years to also feature Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows consumers to trade stand alone stocks and also ETFs without needing to pay fees. The exception to this is when trading stocks which are displayed in USD currency. In which case, they do charge a nominal currency conversion fee both when buying and selling. However, past us are the times of having to pay more than $7 per each trade with discount brokerages as was normal only a few years past.

How Much in Funds do I Need to Have in Order to Begin Investing on 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 quite large minimum deposit amounts of $1000-5K. This makes it hard for the everyday investor to start. With Wealthsimple Trade, one doesn’t need to be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade offers both registered and non-registered accounts. One can select between both RRSP and TFSA account types during the setup process.

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app offered on both Apple and also Google Play. The smartphone app makes the signup process and trading of stocks and ETFs simple.

So Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion Canadian in Assets Under Management (AUM). They have been doing business for more than 7 years and employs more than 600 people. The majority owner is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the first no-fees online brokerage operating in Canada.

How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so straight forward to add funds to an account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in simply a few clicks. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can the same way can be moved to a chequing or savings account by using the same process.

What Other Benefits and Products Are Available?

Wealthsimple Cash – This is alternative to e-Transfers that allow anyone to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax year and file your tax return online free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which allows you to recieve 1% cashback on your everyday spending, as well as earn a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a ton of courses on different topics such as saving, investments, crypto, home buying and much more.

Each of the above features, along with Wealthsimple Trade may be found inside the mobile app and at the site with your Wealthsimple login.

But How Can I Get Started With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As an exclusive registration bonus for our readers you’ll receive the equivalent cash value of a random stock worth up to $4,500 CAD when you deposit to your account.

But What if I Still Have Additional Questions Related to Does Wealthsimple Trade Crypto?

If this article hasn’t answered all of your questions, and you’re browsing for further specific facts about Does Wealthsimple Trade Crypto, check out the Wealthsimple site to get answers to every one of your questions.