What Exactly is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital investing, stock and crypto trading app that differentiates itself from the competition by charging absolutely no fees.
A leading Canadian online financial services company launched in the Fall of 2014 exclusively as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has changed significantly over the last 8 years to also feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows consumers trade individual stocks and also ETFs without having to pay any fees. The exception is when trading stocks that are displayed in USD currency. In this case, they charge a currency conversion fee when buying and selling. However, gone are the days of paying Upwards of $7 for each trade with digital discount brokerages as was the norm only a couple years ago.
How Much Money Will I Need to Have to Start Investing on Wealthsimple Trade?
Wealthsimple is awesome such that they allow new customers to make a minimum deposit of only $1. The majority of traditional banks and brokerages have large initial deposit amounts of $1000-5K. This makes it tough for the common investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade offers registered and non-CRA-registered accounts. One can choose between both RRSP and TFSA accounts during the setup phase.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app offered on iOS and Google Play. The smartphone app makes the registration phase and also the trading of stocks and ETFs incredibly a breeze.
But Is Wealthsimple Trade Secure?
For sure. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD in Assets Under Management . they’ve been expanding for more than 7 years and also now employs more than 600 people. The primary shareholder is the public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.
How Does One Fund a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it simple to add money to your new account. Simply connect a chequing or savings account with your Trade account, and add money to your account in just a few steps. Deposits from financial institutions to Wealthsimple usually take just a few days. Funds can the same way can be moved to a chequing or savings account through the same steps.
Which Other Benefits and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to E-Transfers that allow you to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for tax year and file your taxes online free. It’s described to be simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings product that allows one to earn 1% cashback on your spending, and also get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which offers a variety of online courses on topics like saving, investments, crypto, mortgages and more.
Each of the above features, along with Wealthsimple Trade can be accessed within the app or at their site with one login.
But How Should I Get Started With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. As a special signup bonus to our audience you will receive the equivalent cash value of a random stock worth up to $4,500 Canadian as soon as you make an initial deposit to your account.
What if I Still Have Additional Questions Related to Mint Access Token Wealthsimple Trade?
If this blog post hasn’t answered all of your questions, and you’re searching for further information about Mint Access Token Wealthsimple Trade, visit the Wealthsimple website to find answers to every one of your questions.