Is Wealthsimple Trade Only On Mobile

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, securities and crypto trading web app that differentiates itself from similar apps by charging absolutely no fees.

A fintech company launched in the Fall 2014 exclusively as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has evolved considerably over the last eight years to include Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers to trade stand alone stocks and ETFs without needing to pay fees. The exception to this is when trading stocks that are denominated in USD. In that case, they charge a small currency conversion fee when buying and selling. But, behind us are the times of paying $7-12 for each trade with discount brokerages as was expected only a few years past.

How Much Cash Will I Need in Order to Begin Investing on Wealthsimple Trade?

Wealthsimple is cool such that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have quite large min deposit amounts of $1,000-5K. This makes it tough for the common investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

Of course. Wealthsimple Trade has both CRA registered and non-registered accounts. One can choose both RRSP and TFSA accounts in the setup wizard.

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app available on both Apple and also Google Play. The app makes the enrollment process and also the trading of stocks and ETFs painless.

Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian in Assets Under Management (AUM). They have been operating for more than 7 years and employs over 600 people. The majority shareholder is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fee online discount brokerage operating in Canada.

How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to add money to your new account. Simply connect to a chequing or savings account to your Trade account, then add funds to your account in just a few clicks. Deposits from banks to Wealthsimple usually take only a couple of days. Funds can the same way can be moved back to a chequing or savings accounts by using the same method.

What Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to e-Transfers that allow one to quickly and simply send money to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid debit card and savings account which lets one to earn 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform that offers a variety of online courses on saving, investments, crypto, home buying and much more.

Every one of the mentioned features, including Wealthsimple Trade can be found within the mobile app or from their site with one login.

But How Can I Start Using Wealthsimple Trade?

Click here to create a new Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you’ll get the equivalent cash value of a random Canadian stock valued at $25 up to $4,500 CAD when you deposit to your account.

What if I Still Have Additional Questions Concerning Is Wealthsimple Trade Only On Mobile?

If this review hasn’t answered each of your questions, and you’re still searching for additional specific information relating to Is Wealthsimple Trade Only On Mobile, visit the Wealthsimple site for answers to all your questions.