Wealthsimple 1.5 Fee

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, stocks and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.

A online financial services company founded in Fall of twenty fourteen exclusively as a robo advisor trading platform called Wealthsimple Invest, it has evolved substantially over the last eight years to include Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows Canadian consumers to trade individual stocks and ETFs without needing to pay fees. The exception is when you’re trading securities which are listed in USD. In this case, they will charge a small currency conversion fee when buying and selling. But, behind us are the times of paying $7-12 per each trade with digital discount brokerages as was the norm only a couple years past.

Exactly How Much Money do I Need to Have in Order to Start With Wealthsimple Trade?

Wealthsimple is cool in that they will allow Canadians to make a minimum deposit of just $1. The majority of alternative banks and brokerages have quite large initial deposit amounts of $1,000-$5000. This makes it tough for the everyday investor to start. With Wealthsimple Trade, you won’t need to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer RRSP Accounts?

Of course. Wealthsimple Trade has registered and non-CRA-registered accounts. You may select between both RRSP and TFSA account types in the setup wizard.

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is available to download on IOS and Android. The app makes the registration process and the trading of stocks and ETFs painless.

So Is Wealthsimple Trade Legit?

. Wealthsimple Trade is legit. Wealthsimple reports more than 15 billion Canadian in Assets Under Management . They have been operating for more than 7 years and also now employs roughly 600 Canadians. The main owner is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.

How Can I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it straight forward to fund your new account. Simply connect a chequing or savings account to your Trade account, and then fund your account in simply a couple of clicks. Deposits from banks to Wealthsimple typically take only a few days. Funds can the same way can be moved back to a chequing or savings accounts by using the exact same steps.

Which Additional Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to Interac E-Transfers that allow one to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and file your taxes online for free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid pre paid visa and savings product which allows you to recieve 1% cashback on all your everyday purchases, as well as earn a very competitive 1.5% interest rate on savings.

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

Every one of the mentioned products, along with Wealthsimple Trade can be found in the app or at the website with one login.

So How Can I Begin With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will receive the cash value of a random share worth up to $4,500 CAD when you add funds to your account.

What if I Still Have Questions Related to Wealthsimple 1.5 Fee?

If this blog post still hasn’t answered all of your questions, and you’re still browsing for additional specific information relating to Wealthsimple 1.5 Fee, visit the Wealthsimple website to find answers to every one of your questions.