Wealthsimple Job Review

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian digital investing, securities and crypto trading app that sets itself apart from other apps by charging absolutely no fees.

A Toronto, Ontario based online financial services company launched in Fall of twenty fourteen exclusively as a robo-advisor trading platform called Wealthsimple Invest, it has grown considerably over the previous 8 years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets consumers trade both stand alone stocks and also ETFs without paying commissions. The exception to this is when you’re trading stocks that are listed in USD currency. In that case, they charge a nominal currency conversion fee when buying and selling. However, behind us are the days of paying more than $7 per trade with digital discount brokerages as was the norm just a few years ago.

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

Wealthsimple is unique such that they allow new customers to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large minimum deposit amounts of $1000-$5000. This makes it difficult for the everyday new investor to start investing. 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 CRA registered and non-CRA-registered accounts. You may select between both RRSP and TFSA accounts in the setup phase.

But Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade offers a well designed mobile app available on both IOS and also Google Play. The mobile app makes the signup steps and trading of stocks and ETFs super painless.

Is Wealthsimple Trade Secure?

. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian of Assets Under Management (AUM). This company has been in business for more than 7 years and also employs over 600 folks. The controlling shareholder is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage to operate in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to deposit to a new account. Simply connect the app to a chequing or savings account to your Trade account, then fund your account in simply a few steps. Deposits from your bank to Wealthsimple usually take a couple of days. Funds can just as easily be withdrawn your chequing or savings account using the same steps.

Which Additional Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to Interac E-transfers which allow one to quickly and simply send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your tax return online for free. It’s described to be simple, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings product that allows one to earn 1% cashback on all your 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 ton of different online courses on saving, investing, crypto, mortgages and much more.

Each of the above products, along with Wealthsimple Trade may be accessed in the app and on their site with one login.

How do I Start With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will receive the cash value of a share worth $25 up to $4,500 Canadian as soon as you add funds to your account.

But What if I Still Have Questions About Wealthsimple Job Review?

If this article didn’t given you the answers to all of your questions, and you’re browsing for further info relating to Wealthsimple Job Review, visit the Wealthsimple site to find answers to each your questions.