Wealthsimple 55$

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stocks plus crypto trading app that distinguishes itself from the competition by charging absolutely no fees.

A leading Canadian fintech business founded in Autumn of 2014 originally as a robo-advisor algorithmic trading app called Wealthsimple Invest, it has improved considerably over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets Canadian consumers to trade single stocks and ETFs without having to pay any fees. The exception to this is when trading ETFs and stocks which are listed in USD currency. In this case, they charge a currency conversion fee both when buying and selling. However, past us are the days of having to pay $7-12 per trade with online discount brokerages as was expected just a few years ago.

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

Wealthsimple is unique such that they will allow Canadians to make a minimum deposit of just $1. Most traditional banks and brokerages have quite large minimum deposit amounts of 1k-$5,000. This makes it hard for the common investor to start investing. With Wealthsimple Trade, you don’t have to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

Of course. Wealthsimple Trade offers registered and non-registered account types. You are able to choose both RRSP and TFSA accounts in the setup wizard.

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app offered to download on both Apple and Android. The smartphone app makes the enrollment steps and also the trading of stocks and ETFs very easy.

But Is Wealthsimple Trade Safe?

Yes. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion CAD of Assets Under Management (AUM). they’ve been expanding for more than 7 years and now employs more than 600 Canadians. The main owner is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the first no-fees online discount brokerage to operate in Canada.

But How Can I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so simple to add funds to your account. Simply connect a chequing or savings account with your Trade account, and add money to your account in only a few clicks. Deposits from banks to Wealthsimple usually take a few days. Funds can the same way can be moved to your chequing or savings accounts by the same steps.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac e-transfers that allows anyone to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax season and file your tax return online for free. It’s described as simple, accurate and always totally free tax filing.

Wealthsimple Spend – A combination pre paid debit card and savings account that allows one to recieve 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform which includes a ton of online courses on topics like saving, investing, crypto, mortgages and more.

All of the mentioned features, along with Wealthsimple Trade may be found within the mobile app and at their site with your Wealthsimple login.

So How Can I Begin Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. As a special registration bonus offer for our audience you will get the cash value of a stock worth $25 up to $4,500 CAD once you deposit to your account.

So What if I Still Have Additional Questions Concerning Wealthsimple 55$?

If this article didn’t given you the answers to all of your questions, and you’re still browsing for further specific info relating to Wealthsimple 55$, visit the Wealthsimple website to find answers to each your questions.