What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based Financial, stocks plus crypto trading app that sets itself apart from its competitors by charging absolutely no fees.
A leading Canadian fintech business launched in the Fall 2014 originally as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has grown substantially over the last eight years to include Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows consumers trade individual stocks and ETFs without needing to pay commissions. The exception to this is when you’re trading ETFs and stocks which are listed in US Dollars. In this case, they will charge a nominal currency conversion fee both when buying and selling. However, past us are the days of paying $7-12 per each trade with online discount brokerages as was the norm a couple years past.
Exactly How Much Money Will I Need to Have in Order to Start With Wealthsimple Trade?
Wealthsimple is unique in that they allow investors to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large minimum deposit amounts of 1K-$5,000. This makes it tough for the everyday investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Offer RRSP Accounts?
They do. Wealthsimple Trade offers both registered and non-registered account types. One may select both RRSP and TFSA account types in the setup wizard.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on both iOS and also Android. The smartphone app makes the signup steps and also trading of stocks and ETFs truly easy.
So Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion CAD of Assets Under Management . they’ve been operating for more than 7 years and at this time employs more than 600 Canadians. The primary shareholder is the admired publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital brokerage operating in Canada.
How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to fund your new account. Just connect a chequing or savings account with your Trade account, then add money to your account in only a couple of clicks. Deposits from banks to Wealthsimple typically take only a few days. Funds can also be withdrawn a chequing or savings accounts through the exact same process.
What Other Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to Interac E-transfers that allows one to quickly and efficiently send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for tax season and file your tax return online free. It’s pitched to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings account that allows one to earn 1% cashback on your everyday purchases, and also earn a very competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance platform which includes a bunch of different courses on saving, investing, crypto, home buying and more.
Every one of the listed products, including Wealthsimple Trade can be accessed within the mobile app or at their site with one login.
How do I Begin Using Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. As an exclusive registration bonus for our audience you’ll receive the equivalent cash value of a random stock valued at up to $4,500 CAD as soon as you make an initial deposit to your account.
So What if I Still Have Additional Questions About Nft Wealthsimple?
If this blog post hasn’t answered each of your questions, and you’re still browsing for more info about Nft Wealthsimple, check out the Wealthsimple site to get answers to all your questions.