Wealthsimple 10 000 Free

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, securities plus crypto trading web app that differentiates itself from its competitors by charging absolutely no fees.

A leading Canadian fintech company launched in the Autumn 2014 originally as a robo advisor algorithmic trading app called Wealthsimple Invest, it has changed significantly over the previous eight years to also feature Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade allows Canadian consumers trade both individual stocks and ETFs without needing to pay any fees. The exception to this is when trading securities which are denominated in USD. In that case, they will charge a currency conversion fee when buying and selling. But, gone are the days of having to pay Upwards of $7 for each trade with online discount brokerages as was the norm a few years past.

Exactly How Much Cash Will I Need to Have in Order to Get Started on Wealthsimple Trade?

Wealthsimple is special in that they will allow new customers to make a minimum deposit of just $1. Many traditional banks and brokerages have large minimum deposit amounts of $1000-$5,000. This makes it hard for the common investor to start. With Wealthsimple Trade, you don’t need to already be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade offers registered and non-CRA-registered accounts. One may choose both RRSP and TFSA accounts during the setup process.

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app that is available on both Apple and also Google Play. The app makes the enrollment phase and also trading of stocks and ETFs easy.

So Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is safe. Wealthsimple reports more than 15 billion Canadian in Assets Under Management (AUM). they’ve been in business for more than 7 years and currently employs more than 600 Canadians. The primary shareholder is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage operating in Canada.

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

The Wealthsimple Trade mobile app makes it so easy to fund an account. Just connect the app to a chequing or savings account with your Trade account, and then fund your account in simply a few steps. Deposits from banks to Wealthsimple usually take just a few days. Funds can just as easily be moved back to a chequing or savings accounts by the exact same steps.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to Interac E-transfers which allows one to quickly and easily transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax year and submit your taxes online for free. It’s described as simple, accurate and always free tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings product that allows one to earn 1% cashback on your everyday purchases, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a variety of online courses on topics like saving, investments, crypto, home buying and much more.

Each of the listed products, including Wealthsimple Trade may be accessed in the mobile app and at their website with a single login.

So How do I Begin Using Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For a special signup bonus for our audience you’ll receive the cash value of a stock worth up to $4,500 Canadian as soon as you fund your account.

What if I Still Have Questions Related to Wealthsimple 10 000 Free?

If this blog post didn’t given you the answers to all of your questions, and you’re browsing for more specific info about Wealthsimple 10 000 Free, visit the Wealthsimple site for answers to all your questions.