Wealthsimple 0.5 Fee

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, stock plus crypto trading platform that sets itself apart from its competitors by charging absolutely no fees.

A online financial services business launched in Fall of twenty fourteen exclusively as a robo advisor automated trading platform called Wealthsimple Invest, it has grown considerably over the last 8 years to also feature Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets consumers to trade individual stocks and ETFs without paying commissions. The exception to this is when trading stocks and ETFs that are listed in USD. In that case, they do charge a nominal currency conversion fee both when buying and selling. However, gone are the days of having to pay $7-12 per each trade with online discount brokerages as was the case a few years ago.

Exactly How Much Money Will I Need to Have to Get Started on Wealthsimple Trade?

Wealthsimple is cool in that they allow Canadian investors to make a minimum deposit of only $1. Most alternative banks and brokerages have large initial deposit amounts of $1000-$5000. This makes it hard for the everyday new investor to start investing. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Have RRSP Accounts?

They do. Wealthsimple Trade offers CRA registered and non-registered accounts. You may choose between both RRSP and TFSA accounts during the setup phase.

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a convenient mobile app offered on both IOS and Android. The smartphone app makes the enrollment process and also the trading of stocks and ETFs super a breeze.

So Is Wealthsimple Trade Safe?

Most definitely. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian of Assets Under Management (AUM). These folks have been doing business for more than 7 years and at this time employs over 600 Canadians. The primary shareholder is the admired public Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.

But How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so easy to fund your new account. Just connect the app to a chequing or savings account with your Trade account, and add money to your account in simply a few clicks. Deposits from banks to Wealthsimple normally take a few days. Funds can also be withdrawn your chequing or savings accounts by using the exact same method.

What Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An alternative to e-transfers that allows one to quickly and easily transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax season and submit your taxes online for free. It’s pitched to be simple, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to earn 1% cashback on all your everyday purchases, and also earn a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a variety of different courses on topics like saving, investing, crypto, home buying and more.

All of the listed features, along with Wealthsimple Trade can be accessed on the app and at the site with one login.

But How Can I Begin With Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. As a special registration bonus for our readers you will receive the equivalent cash value of a stock worth up to $4,500 Canadian as soon as you make an initial deposit to your account.

What if I Still Have Questions About Wealthsimple 0.5 Fee?

If this blog post didn’t given you the answers to all of your questions, and you’re searching for further specific answers about Wealthsimple 0.5 Fee, check out the Wealthsimple site to get answers to all your questions.