What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, stocks and crypto trading web app that differentiates itself from its competitors by charging absolutely no fees.
A leading Canadian online financial services business founded in the Fall of twenty fourteen exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has improved significantly over the previous 8 years to also include Wealthsimple Trade, a zero fees discount brokerage app.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows Canadian consumers trade both individual stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading ETFs and stocks that are listed in USD currency. In that case, they charge a currency conversion fee when buying and selling. But, gone are the times of paying Upwards of $7 per trade with digital discount brokerages as was expected only a few years ago.
Exactly How Much Money do I Need to Have in Order to Start on Wealthsimple Trade?
Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of just $1. Most alternative banks and brokerages have quite large initial deposit amounts of 1K-5K. This makes it difficult for the normal investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
It does. Wealthsimple Trade has both registered and non-registered account types. One are able to select both RRSP and TFSA account types during the setup wizard.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a easy to use mobile app offered to download on iOS and Google Play. The app makes the signup steps and also the trading of stocks and ETFs very easy.
But Is Wealthsimple Trade Secure?
. Wealthsimple Trade is trustworthy. Wealthsimple has in excess of 15 billion Canadian in Assets Under Management . This company has been in business for more than 7 years and also at this time employs about 600 folks. The majority owner is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage to operate in Canada.
But How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it quite easy to deposit to an account. Just connect the app to a chequing or savings account to your Trade account, and then fund your account in just a couple of clicks. Deposits from your bank to Wealthsimple usually take just a few days. Funds can the same way can be moved to your chequing or savings accounts using the exact same process.
Which Other Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is equivalent to Interac E-transfers which allow one to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax season and file your taxes online free. It’s advertised to be simple, accurate and always free income tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product that allows you to earn 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a ton of different courses on different topics such as saving, investments, crypto, mortgages and more.
Every one of the above features, including Wealthsimple Trade may be found within the app and on their website with a single login.
But How Can I Begin Using Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. For an exclusive signup bonus offer for our readers you’ll get the cash value of a Canadian stock valued at up to $4,500 Canadian when you add funds to your account.
So What if I Still Have Additional Questions About Owner Of Wealthsimple?
If this review didn’t given you the answers to all of your questions, and you’re still browsing for additional facts about Owner Of Wealthsimple, visit the Wealthsimple site for answers to every one of your questions.