Free Stock Wealthsimple

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, stock plus crypto trading web app that differentiates itself from the competition by charging no fees.

A online financial services business founded in the Fall twenty fourteen exclusively as a robo advisor automated trading platform named Wealthsimple Invest, it has improved substantially over the past eight years to feature Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers trade both individual stocks and also ETFs without paying any fees. The exception is when you’re trading ETFs and stocks which are displayed in US Dollars. In that case, they do charge a small currency conversion fee when buying and selling. But, behind us are the times of having to pay $7-12 per trade with digital discount brokerages as was the norm just a couple years ago.

Exactly How Much Money do I Need in Order to Begin Investing With Wealthsimple Trade?

Wealthsimple is unique in that they allow investors to make a minimum deposit of just $1. Many traditional banks and brokerages have quite large min deposit amounts of 1k-$5000. This makes it tough for the every day investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

It does. Wealthsimple Trade has available both CRA registered and non-CRA-registered account types. One may select between both RRSP and TFSA accounts during the setup wizard.

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app offered to download on Apple and Android. The mobile app makes the enrollment steps and also trading of stocks and ETFs painless.

Is Wealthsimple Trade Legit?

. Wealthsimple Trade is secure. Wealthsimple reports in excess of 15 billion Canadian of Assets Under Management (AUM). These folks have been doing business for more than 7 years and also employs roughly 600 people. The main owner is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage operating in Canada.

How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to fund your new account. Simply connect a chequing or savings account to your Trade account, and then add funds to your account in only a couple of clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can also be moved back to your chequing or savings account using the exact same steps.

What Additional Benefits and Products Are Available?

Wealthsimple Cash – This is equivalent to E-Transfers that allows anyone to quickly and simply send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for tax season and submit your tax return online free. It’s advertised to be easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product which lets you to earn 1% cashback on your spending, as well as earn a competitive 1.5% interest rate on savings.

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

Each of the mentioned features, including Wealthsimple Trade can be accessed on the mobile app and on the website with your Wealthsimple login.

How Can I Start With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As a special signup bonus offer for our readers you’ll receive the equivalent cash value of a Canadian stock worth up to $4,500 CAD once you deposit to your account.

What if I Still Have Additional Questions About Free Stock Wealthsimple?

If this blog post didn’t given you the answers to each of your questions, and you’re still looking for additional facts about Free Stock Wealthsimple, visit the Wealthsimple site for answers to each your questions.