What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stock and crypto trading web app that distinguishes itself from its competitors by charging no fees.
A leading Canadian fintech company founded in the Fall 2014 exclusively as a robo-advisor algorithmic automated trading platform named Wealthsimple Invest, it has improved considerably over the previous eight years to include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade allows investors trade both stand alone stocks and ETFs without needing to pay commissions. The exception is when trading stocks and ETFs that are displayed in US Dollars. In that case, they do charge a currency conversion fee when buying and selling. But, behind us are the days of having to pay more than $7 per each trade with online discount brokerages as was the norm just a couple years ago.
Exactly How Much Cash Will I Need to Have to Begin Investing on Wealthsimple Trade?
Wealthsimple is unique in that they will allow investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have sizeable min deposit amounts of $1000-$5,000. This makes it impossible for the common investor to get started. With Wealthsimple Trade, you won’t have to be wealthy to begin trading stocks and ETFs.
So Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade offers both CRA registered and non-CRA-registered accounts. One are able to choose between both RRSP and TFSA accounts during the setup wizard.
But Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app that is available to download on both Apple and also Android. The mobile app makes the registration phase and also trading of stocks and ETFs very easy.
But Is Wealthsimple Trade Trustworthy?
Yes. Wealthsimple Trade is legit. Wealthsimple reports over 15 billion CAD in Assets Under Management . They have been doing business for more than 7 years and also now employs more than 600 Canadians. The controlling shareholder is the publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital discount brokerage operating in Canada.
So How Does One Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so easy to fund your new account. Simply connect a chequing or savings account to your Trade account, and then add funds to your account in simply a few steps. Deposits from banks to Wealthsimple usually take just a couple of days. Funds can the same way can be withdrawn your chequing or savings account by the exact same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac e-transfers that allows one to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to prepare for this tax year and submit your tax return online for free. It’s advertised as simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination prepaid debit card and savings product that allows one to recieve 1% cashback on your everyday purchases, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a bunch of different online courses on different topics such as saving, investments, crypto, home buying and more.
Each of the mentioned features, including Wealthsimple Trade can be accessed within the app or at their site with your Wealthsimple login.
How do I Start With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. As an exclusive signup bonus for our audience you’ll get the cash value of a random Canadian stock worth up to $4,500 Canadian once you fund your account.
So What if I Still Have Questions Related to Wealthsimple Promo $100?
If this article still hasn’t given you the answers to all of your questions, and you’re still looking for further facts about Wealthsimple Promo $100, check out the Wealthsimple website to find answers to all your questions.