Wealthsimple $40 Crypto

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, stock plus crypto trading app that distinguishes itself from its competitors by charging absolutely no fees.

A fintech company launched in the Fall 2014 originally as a robo advisor automated trading app called Wealthsimple Invest, it has grown considerably over the previous 8 years to include Wealthsimple Trade, a no fee discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers trade both single stocks and also ETFs without having to pay any commissions. The exception is when you’re trading stocks and ETFs which are displayed in USD. In which case, they do charge a currency conversion fee both when buying and selling. However, behind us are the times of paying Upwards of $7 for each trade with online discount brokerages as was the case just a few years past.

How Much Money Will I Need to Begin Investing on Wealthsimple Trade?

Wealthsimple is awesome in that they will allow new customers to make a minimum deposit of only $1. Most alternative banks and brokerages have sizeable initial deposit amounts of $1000-$5000. This makes it hard for the normal investor to get started. With Wealthsimple Trade, you won’t need to be wealthy to get started with trading stocks and ETFs.

So Does Wealthsimple Trade Have TFSA Accounts?

Yes. Wealthsimple Trade has available registered and non-registered accounts. One can choose between both RRSP and TFSA account types in the setup process.

So Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app that is available to download on Apple and also Google Play. The mobile app makes the registration phase and also trading of stocks and ETFs easy.

But Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). they’ve been doing business for more than 7 years and also now employs over 600 Canadians. The controlling owner is the large public Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage operating in Canada.

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

The Wealthsimple Trade smartphone app makes it quite simple to fund your new account. Just connect the app to a chequing or savings account to your Trade account, and add money to your account in just a couple of steps. Deposits from financial institutions to Wealthsimple normally take just a few days. Funds can also be moved back to a chequing or savings account with the exact same steps.

Which Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to E-transfers which allow you to quickly and easily transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for tax season and file your tax return online free. It’s pitched as simple, accurate and always totally free income tax filing.

Wealthsimple Spend – A combination prepaid debit card and savings product which lets you to recieve 1% cashback on your everyday spending, and also get a very competitive 1.5% interest rate on savings.

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

All of the mentioned features, including Wealthsimple Trade may be found inside the app and at the site with your Wealthsimple login.

So How do I Start With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As an exclusive registration bonus for our audience you’ll receive the equivalent cash value of a random share valued at up to $4,500 Canadian once you add funds to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple $40 Crypto?

If this blog post hasn’t given you the answers to each of your questions, and you’re looking for more information about Wealthsimple $40 Crypto, go to the Wealthsimple site to find answers to all your questions.