Wealthsimple Address

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, stock and crypto trading web app that differentiates itself from its competitors by charging absolutely no fees.

A Toronto, Ontario based fintech business launched in the Fall of twenty fourteen originally as a robo advisor algorithmic automated trading platform named Wealthsimple Invest, it has grown significantly over the last 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets Canadian consumers to trade both individual stocks and also ETFs without having to pay commissions. The exception to this is when you’re trading ETFs and stocks that are displayed in USD. In this case, they do charge a nominal currency conversion fee both when buying and selling. However, behind us are the days of paying Upwards of $7 for each trade with digital discount brokerages as was the case only a few years past.

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

Wealthsimple is special such that they allow new customers to make a minimum deposit of just $1. Most alternative banks and brokerages have large minimum deposit amounts of $1000-5k. This makes it hard for the common investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

Of course. Wealthsimple Trade offers both CRA registered and non-CRA-registered account types. One can select between both RRSP and TFSA accounts during the setup phase.

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a well designed mobile app that is offered on both iOS and Google Play. The app makes the signup process and also trading of stocks and ETFs super painless.

So Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). they’ve been expanding for more than 7 years and right now employs more than 600 people. The controlling owner is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fee online discount brokerage operating in Canada.

How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it simple to add funds to your new account. Just connect to a chequing or savings account to your Trade account, and add money to your account in simply a few clicks. Deposits from banks to Wealthsimple usually take just a couple of days. Funds can the same way can be moved back to your chequing or savings account by the same process.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to e-Transfers that allows you to quickly and easily transfer cash to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax season and submit your taxes online for free. It’s advertised as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product which allows you to earn 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a variety of courses on different topics such as saving, investing, crypto, real estate and more.

All of the mentioned products, along with Wealthsimple Trade can be accessed within the app and at their site with your Wealthsimple login.

So How do I Get Started Using Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For an exclusive signup bonus offer to our audience you’ll receive the cash value of a Canadian stock worth up to $4,500 CAD as soon as you make an initial deposit to your account.

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

If this blog post hasn’t given you the answers to all of your questions, and you’re still looking for more answers about Wealthsimple Address, check out the Wealthsimple website for answers to all your questions.