Wealthsimple Layoff List

What Exactly is Wealthsimple?

Wealthsimple is an easy to use Canadian digital investing, stock plus crypto trading app that sets itself apart from its competitors by charging absolutely no fees.

A leading Canadian online financial services company launched in the Fall 2014 exclusively as a robo advisor automated trading platform called Wealthsimple Invest, it has evolved substantially over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers trade both individual stocks and ETFs without needing to pay fees. The exception to this is when you’re trading securities which are denominated in US Dollars. In that case, they do charge a nominal currency conversion fee when buying and selling. But, past us are the times of paying more than $7 for each trade with digital discount brokerages as was common only a few years ago.

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

Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of just $1. Many alternative banks and brokerages have quite large minimum deposit amounts of $1000-$5,000. This makes it tough for the everyday new investor to start investing. With Wealthsimple Trade, one doesn’t need to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

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

So Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a easy to use mobile app offered to download on both iOS and Google Play. The smartphone app makes the enrollment phase and trading of stocks and ETFs very simple.

So Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion CAD in Assets Under Management . These folks have been doing business for more than 7 years and now employs over 600 Canadians. The primary owner is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage to operate in Canada.

How Does One Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it very easy to add money to an account. Just connect the app to a chequing or savings account with your Trade account, and fund your account in only a few steps. Deposits from your bank to Wealthsimple usually take a few days. Funds can also be moved back to your chequing or savings accounts through the exact same method.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – This is alternative to e-Transfers which allow anyone to quickly and simply send money to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid visa and savings product that allows you to recieve 1% cashback on all your purchases, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance platform that offers a variety of courses on different topics such as saving, investments, crypto, home buying and much more.

All of the above products, along with Wealthsimple Trade may be found in the app or on their website with your Wealthsimple login.

How do I Start Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. As a special signup bonus offer for our readers you’ll get the equivalent cash value of a random Canadian stock worth $25 up to $4,500 CAD as soon as you fund your account.

So What if I Still Have Additional Questions Concerning Wealthsimple Layoff List?

If this article still hasn’t given you the answers to all of your questions, and you’re browsing for more specific information about Wealthsimple Layoff List, visit the Wealthsimple website to find answers to all your questions.