What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, securities plus crypto trading platform that differentiates itself from similar apps by charging no fees.
A Toronto, Ontario based fintech business launched in Fall of 2014 exclusively as a robo advisor algorithmic trading platform called Wealthsimple Invest, it has evolved considerably over the previous 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets Canadian investors trade individual stocks and also ETFs without paying any commissions. The exception to this is when trading ETFs and stocks that are denominated in US Dollars. In that case, they do charge a currency conversion fee when buying and selling. However, gone are the times of having to pay more than $7 for each trade with digital discount brokerages as was the norm only a couple years past.
How Much Money Will I Need in Order to Get Started With Wealthsimple Trade?
Wealthsimple is special such that they will allow Canadians to make a minimum deposit of only $1. Most traditional banks and discount brokerages have sizeable minimum deposit amounts of 1K-5k. This makes it tough for the typical investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to start trading stocks and ETFs.
Does Wealthsimple Trade Offer RRSP Accounts?
Of course. Wealthsimple Trade has CRA registered and non-registered accounts. You are free to select between both RRSP and TFSA account types during the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app offered to download on both IOS and Android. The app makes the signup phase and the trading of stocks and ETFs incredibly painless.
Is Wealthsimple Trade Safe?
Of course. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian of Assets Under Management . This company has been doing business for more than 7 years and also now employs roughly 600 folks. The controlling owner is the respected publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees online discount brokerage operating in Canada.
How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so easy to add funds to an account. Just connect the app to a chequing or savings account to your Trade account, then fund your account in only a couple of steps. Deposits from banks to Wealthsimple typically take a couple of days. Funds can just as easily be moved back to a chequing or savings account by using the same process.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to e-Transfers which allow anyone to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you require to get ready for tax season and file your tax return online free. It’s advertised to be easy, accurate and always free tax filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account which lets you to earn 1% cashback on your everyday purchases, as well as earn a competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a ton of different online courses on topics like saving, investing, crypto, home buying and more.
Every one of the above features, including Wealthsimple Trade can be accessed within the mobile app and from their website with a single login.
So How Should I Begin With Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For a special signup bonus offer to our audience you will receive the equivalent cash value of a stock worth $25 up to $4,500 Canadian when you make an initial deposit to your account.
But What if I Still Have Additional Questions Concerning Wealthsimple Not Loading?
If this blog post didn’t answered each of your questions, and you’re still searching for further specific answers relating to Wealthsimple Not Loading, visit the Wealthsimple website to find answers to every one of your questions.