What is Wealthsimple?
Wealthsimple is a simple to use Canadian web based Financial, stocks and crypto trading web app that sets itself apart from other apps by charging no fees.
A leading Canadian fintech business launched in Fall of 2014 exclusively as a robo-advisor automated trading platform called Wealthsimple Invest, it has grown considerably over the last eight years to also feature Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade lets investors to trade individual stocks and also ETFs without having to pay commissions. The exception to this is when trading stocks which are listed in USD. In which case, they do charge a currency conversion fee when buying and selling. However, gone are the times of having to pay $7-12 per each trade with online discount brokerages as was the case just a few years past.
How Much Money Will I Need to Begin Investing With Wealthsimple Trade?
Wealthsimple is cool in that they will allow Canadians to make a minimum deposit of just $1. Most traditional banks and discount brokerages have quite large min deposit amounts of $1000-5K. This makes it hard for the typical investor to start investing. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer TFSA Accounts?
It does. Wealthsimple Trade offers both registered and non-registered account types. One may select between both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app available to download on both IOS and also Android. The app makes the enrollment process and also the trading of stocks and ETFs very painless.
So Is Wealthsimple Trade Secure?
Yes. Wealthsimple Trade is safe. Wealthsimple has over 15 billion CAD in Assets Under Management (AUM). they’ve been doing business for more than 7 years and currently employs roughly 600 folks. The main owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital discount brokerage operating in Canada.
So How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so easy to add funds to your new account. Simply connect to a chequing or savings account to your Trade account, then add money to your account in just a few clicks. Deposits from banks to Wealthsimple normally take a couple of days. Funds can the same way can be withdrawn a chequing or savings account through the same process.
Which Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-Transfers which allow you to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for this tax season and submit your taxes online for free. It’s advertised to be simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings account which lets one to earn 1% cashback on your everyday purchases, and also get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a ton of different online courses on topics like saving, investing, crypto, real estate and more.
All of the mentioned features, along with Wealthsimple Trade may be accessed in the mobile app and from the site with a single login.
But How do I Start With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. As an exclusive registration bonus to our readers you’ll get the equivalent cash value of a share valued at up to $4,500 Canadian once you make an initial deposit to your account.
So What if I Still Have Additional Questions About Does Wealthsimple Trade Dogecoin?
If this blog post hasn’t given you the answers to all of your questions, and you’re searching for further specific info relating to Does Wealthsimple Trade Dogecoin, check out the Wealthsimple site for answers to each your questions.