What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading platform that sets itself apart from its competitors by charging no fees.
A Toronto, Ontario based fintech business founded in Autumn twenty fourteen originally as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has improved significantly over the past 8 years to include Wealthsimple Trade, a no fee discount brokerage app.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade lets Canadian investors to trade both single stocks and also ETFs without paying fees. The exception is when you’re trading ETFs and stocks which are denominated in USD. In that case, they will charge a currency conversion fee both when buying and selling. But, behind us are the times of having to pay $7-12 for each trade with online discount brokerages as was the case a few years ago.
How Much Money Will I Need to Have to Start With Wealthsimple Trade?
Wealthsimple is unique such that they allow investors to make a minimum deposit of only $1. Many traditional banks and discount brokerages have quite large initial deposit amounts of $1,000-5K. This makes it tough for the normal new investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
Of course. Wealthsimple Trade has CRA registered and non-registered account types. You are able to select both RRSP and TFSA accounts in the setup phase.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app that is offered on IOS and Android. The smartphone app makes the signup phase and the trading of stocks and ETFs super a breeze.
Is Wealthsimple Trade Secure?
Definitely. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion CAD in Assets Under Management (AUM). they’ve been doing business for more than 7 years and also right now employs about 600 people. The main shareholder is the admired publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.
But How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so straight forward to add funds to your account. Simply connect the app to a chequing or savings account to your Trade account, and then add money to your account in only a couple of clicks. Deposits from banks to Wealthsimple typically take just a couple of days. Funds can just as easily be moved to your chequing or savings accounts by the exact same process.
Which Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to Interac E-transfers which allow you to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for tax year and submit your tax return online free. It’s pitched to be easy, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination prepaid visa and savings product which lets one to recieve 1% cashback on all your purchases, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of different online courses on topics like saving, investments, crypto, home buying and much more.
Every one of the above products, along with Wealthsimple Trade can be accessed on the app or at the site with your Wealthsimple login.
So How Should I Start With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. As a special signup bonus to our audience you will receive the cash value of a share valued at up to $4,500 CAD once you make an initial deposit to your account.
So What if I Still Have Questions About Wealthsimple 3 Day Hold Reddit?
If this blog post didn’t answered each of your questions, and you’re searching for further specific information relating to Wealthsimple 3 Day Hold Reddit, visit the Wealthsimple site for answers to each your questions.