Wealthsimple 13

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, stock plus crypto trading web app that sets itself apart from similar apps by charging absolutely no fees.

A leading Canadian fintech company launched in Autumn 2014 exclusively as a robo-advisor trading platform called Wealthsimple Invest, it has improved considerably over the previous 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows consumers to trade both stand alone stocks and also ETFs without needing to pay any commissions. The exception to this is when you’re trading ETFs and stocks which are listed in USD. In which case, they charge a nominal currency conversion fee when buying and selling. However, behind us are the times of having to pay Upwards of $7 per trade with discount brokerages as was expected only a couple years ago.

How Much Money do I Need to Get Started With Wealthsimple Trade?

Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have large minimum deposit amounts of $1,000-$5,000. This makes it hard for the common new investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

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

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app offered to download on both IOS and also Android. The mobile app makes the enrollment process and trading of stocks and ETFs very simple.

So Is Wealthsimple Trade Trustworthy?

For sure. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian of Assets Under Management . They have been doing business for more than 7 years and also now employs about 600 folks. The main owner is the admired public Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.

But How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to fund your new account. Simply connect to a chequing or savings account to your Trade account, and fund your account in just a couple of clicks. Deposits from your bank to Wealthsimple normally take only a few days. Funds can also be moved back to a chequing or savings accounts using the exact same process.

Which Additional Features and Products Are Available?

Wealthsimple Cash – This is alternative to E-transfers which allow one to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready 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 pre paid visa and savings product which lets you to recieve 1% cashback on your everyday spending, and also get a competitive 1.5% interest rate on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a variety of online courses on saving, investing, crypto, real estate and more.

All of the above features, including Wealthsimple Trade may be found within the app or from the website with a single login.

So How do I Start With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. As a special registration bonus offer to our readers you will get the equivalent cash value of a stock valued at $25 up to $4,500 Canadian as soon as you add funds to your account.

But What if I Still Have Additional Questions About Wealthsimple 13?

If this review didn’t given you the answers to all of your questions, and you’re still browsing for more answers relating to Wealthsimple 13, go to the Wealthsimple site for answers to each your questions.