W-8ben Wealthsimple

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, stocks and crypto trading platform that distinguishes itself from the competition by charging no fees.

A leading Canadian online financial services business founded in the Autumn 2014 exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved considerably over the previous eight years to include Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows investors trade stand alone stocks and ETFs without having to pay commissions. The exception to this is when trading stocks that are listed in USD. In this case, they do charge a nominal currency conversion fee when buying and selling. But, gone are the days of paying Upwards of $7 for each trade with digital discount brokerages as was common a few years ago.

Exactly How Much in Funds do I Need to Have to Begin Investing With Wealthsimple Trade?

Wealthsimple is special in that they allow new customers to make a minimum deposit of just $1. Most alternative banks and discount brokerages have sizeable min deposit amounts of 1k-5K. This makes it difficult for the normal new investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade offers both registered and non-registered account types. One can choose both RRSP and TFSA account types during the setup wizard.

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app offered on both IOS and also Android. The smartphone app makes the enrollment phase and the trading of stocks and ETFs painless.

But Is Wealthsimple Trade Trustworthy?

For sure. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . they’ve been expanding for more than 7 years and also right now employs about 600 folks. The controlling owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online brokerage to operate in Canada.

But How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to deposit to your account. Just connect the app to a chequing or savings account to your Trade account, and then fund your account in only a few clicks. Deposits from your bank to Wealthsimple normally take only a couple of days. Funds can also be withdrawn a chequing or savings account using the exact same process.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is equivalent to Interac e-transfers that allows one to quickly and easily transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax year and file your tax return online free. It’s pitched to be simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account which lets one to get 1% cashback on your spending, and also get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a variety of courses on topics like saving, investing, crypto, mortgages and much more.

Each of the above products, along with Wealthsimple Trade may be accessed in the app and at the website with a single login.

But How Should I Start With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As a special signup bonus to our audience you’ll receive the equivalent cash value of a random share worth up to $4,500 Canadian as soon as you make an initial deposit to your account.

What if I Still Have Questions Related to W-8ben Wealthsimple?

If this article didn’t given you the answers to all of your questions, and you’re still searching for more answers about W-8ben Wealthsimple, go to the Wealthsimple site to get answers to each your questions.