What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, securities plus crypto trading platform that sets itself apart from similar apps by charging no fees.

A Toronto, Ontario based online financial services company founded in Autumn of twenty fourteen originally as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has grown substantially over the previous 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows Canadian investors to trade individual stocks and ETFs without needing to pay commissions. The exception is when you’re trading securities that are denominated in USD. In that case, they charge a small currency conversion fee when buying and selling. But, gone are the times of paying $7-12 for each trade with online discount brokerages as was expected just a couple years ago.

Exactly How Much in Funds Will I Need to Have to Start Investing on Wealthsimple Trade?

Wealthsimple is cool in that they allow new customers to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large min deposit amounts of 1k-5K. This makes it impossible for the typical new investor to start investing. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

They do. Wealthsimple Trade has available registered and non-CRA-registered accounts. One are able to select both RRSP and TFSA accounts in the setup process.

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered to download on IOS and also Android. The mobile app makes the enrollment phase and also the trading of stocks and ETFs incredibly easy.

So Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion CAD in Assets Under Management (AUM). They have been expanding for more than 7 years and employs more than 600 people. The majority owner is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.

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

The Wealthsimple Trade mobile app makes it incredibly straight forward to fund an account. Just connect the app to a chequing or savings account with your Trade account, and then fund your account in only a couple of clicks. Deposits from banks to Wealthsimple usually take just a couple of days. Funds can also be moved back to your chequing or savings accounts by using the exact same process.

Which Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – An equivalent to Interac e-transfers that allow anyone to quickly and easily transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for this tax year and file your taxes online free. It’s advertised to be simple, accurate and always free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to earn 1% cashback on all your purchases, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which offers a ton of online courses on different topics such as saving, investing, crypto, real estate and more.

Every one of the mentioned features, along with Wealthsimple Trade can be accessed on the mobile app and from their website with one login.

How do I Get Started With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. As an exclusive signup bonus for our readers you’ll receive the cash value of a share worth up to $4,500 CAD as soon as you add funds to your account.

But What if I Still Have Additional Questions Concerning Wealthsimple 50 Bonus?

If this article still hasn’t answered all of your questions, and you’re looking for further answers about Wealthsimple 50 Bonus, check out the Wealthsimple website for answers to each your questions.

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian web based Financial, securities and crypto trading platform that sets itself apart from its competitors by charging absolutely no fees.

A leading Canadian online financial services business launched in the Fall twenty fourteen exclusively as a robo-advisor algorithmic trading platform named Wealthsimple Invest, it has changed considerably over the past eight years to include Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers to trade both single stocks and ETFs without paying any commissions. The exception is when you’re trading stocks that are listed in USD. In that case, they will charge a currency conversion fee when buying and selling. But, gone are the days of paying more than $7 per each trade with online discount brokerages as was the case just a few years past.

How Much in Funds do I Need in Order to Start Investing on Wealthsimple Trade?

Wealthsimple is special such that they will allow Canadians 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 difficult for the every day new investor to get started. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

Yes. Wealthsimple Trade offers both registered and non-CRA-registered account types. One can choose between both RRSP and TFSA account types in the setup phase.

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app that is available on both Apple and also Android. The smartphone app makes the signup process and trading of stocks and ETFs incredibly painless.

But Is Wealthsimple Trade Secure?

Of course. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion Canadian in Assets Under Management (AUM). They have been in business for more than 7 years and at this time employs over 600 Canadians. The main shareholder is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage operating in Canada.

How Does One Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it easy to deposit to your new account. Just connect to a chequing or savings account with your Trade account, then add funds to your account in simply a few clicks. Deposits from banks to Wealthsimple typically take just a few days. Funds can just as easily be moved back to a chequing or savings accounts by the exact same steps.

What Other Features and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to e-Transfers that allows one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for tax year and file your tax return online for free. It’s pitched as easy, accurate and always free income tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings product that lets you to earn 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that includes a ton of courses on saving, investments, crypto, home buying and much more.

Each of the above features, including Wealthsimple Trade can be found inside the app or on their site with one login.

So How do I Start With Wealthsimple Trade?

Click here to create your Wealthsimple Trade account. For an exclusive registration bonus offer to our readers you will get the equivalent cash value of a random Canadian stock worth $25 up to $4,500 Canadian when you deposit to your account.

But What if I Still Have Additional Questions Related to Wealthsimple $50 Bonus?

If this article hasn’t answered each of your questions, and you’re still looking for further specific answers about Wealthsimple $50 Bonus, check out the Wealthsimple website for answers to every one of your questions.