What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian web based investing, stock and crypto trading web app that distinguishes itself from similar apps by charging absolutely no fees.
A leading Canadian online financial services company launched in the Fall of 2014 originally as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has changed substantially over the previous 8 years to also feature Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows consumers trade individual stocks and also ETFs without needing to pay commissions. The exception is when you’re trading securities that are displayed in US Dollars. In this case, they will charge a currency conversion fee both when buying and selling. But, behind us are the times of paying Upwards of $7 for each trade with discount brokerages as was expected a few years past.
Exactly How Much in Funds do I Need to Have in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is awesome in that they will allow new customers to make a minimum deposit of only $1. Many alternative banks and discount brokerages have sizeable minimum deposit amounts of 1k-5K. This makes it impossible for the common new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
It does. Wealthsimple Trade has registered and non-registered account types. One are free to select between both RRSP and TFSA accounts in the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a modern mobile app offered to download on both Apple and Google Play. The smartphone app makes the enrollment steps and trading of stocks and ETFs truly simple.
So Is Wealthsimple Trade Secure?
Definitely. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian of Assets Under Management (AUM). This company has been expanding for more than 7 years and also currently employs about 600 people. The primary shareholder is the admired publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fee digital discount brokerage operating in Canada.
How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly simple to add money to an account. Simply connect the app to a chequing or savings account with your Trade account, then add money to your account in only a couple of steps. Deposits from banks to Wealthsimple usually take only a couple of days. Funds can the same way can be withdrawn a chequing or savings accounts by using the exact same process.
What Other Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent 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 taxes online for free. It’s advertised to be simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product which lets one to earn 1% cashback on your purchases, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a bunch of different courses on different topics such as saving, investing, crypto, mortgages and more.
All of the above products, including Wealthsimple Trade can be found in the mobile app and at the site with one login.
So How Can I Start Using Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. As an exclusive signup bonus for our readers you’ll receive the cash value of a Canadian stock valued at $25 up to $4,500 CAD when you add funds to your account.
What if I Still Have Questions Concerning Wealthsimple Login?
If this blog post didn’t given you the answers to each of your questions, and you’re still looking for more facts relating to Wealthsimple Login, check out the Wealthsimple site for answers to every one of your questions.