What Exactly is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stocks and crypto trading app that differentiates itself from similar apps by charging absolutely no fees.
A fintech company launched in the Fall twenty fourteen originally as a robo-advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved substantially over the last eight years to feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows Canadian consumers trade stand alone stocks and ETFs without paying any fees. The exception to this is when trading securities which are listed in USD. In that case, they do charge a small currency conversion fee when buying and selling. However, gone are the times of paying Upwards of $7 per trade with digital discount brokerages as was common a few years ago.
Exactly How Much in Funds do I Need in Order to Start With Wealthsimple Trade?
Wealthsimple is cool such that they will allow investors to make a minimum deposit of just $1. The majority of traditional banks and brokerages have sizeable initial deposit amounts of $1000-$5000. This makes it difficult for the normal investor to get started. With Wealthsimple Trade, one doesn’t have to be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
It does. Wealthsimple Trade has available registered and non-CRA-registered account types. One are able to select between both RRSP and TFSA account types during the setup wizard.
Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app offered to download on both IOS and also Google Play. The mobile app makes the registration phase and the trading of stocks and ETFs painless.
Is Wealthsimple Trade Trustworthy?
For sure. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion Canadian of Assets Under Management . These folks have been in business for more than 7 years and right now employs more than 600 folks. The primary owner is the respected publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade was the first no-fees digital brokerage to operate in Canada.
How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it simple to fund an account. Just connect the app to a chequing or savings account to your Trade account, and then add money to your account in just a few steps. Deposits from banks to Wealthsimple usually take just a couple of days. Funds can the same way can be moved back to your chequing or savings accounts by the same process.
Which Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to e-Transfers which allow one to quickly and simply send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and file your taxes online free. It’s described as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A combination prepaid debit card and savings product that lets you to get 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a ton of different courses on topics like saving, investing, crypto, real estate and more.
Each of the listed features, along with Wealthsimple Trade can be accessed in the mobile app and on their website with your Wealthsimple login.
So How Should I Get Started Using Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. As a special signup bonus for our audience you’ll get the cash value of a random stock valued at $25 up to $4,500 Canadian as soon as you fund your account.
What if I Still Have Additional Questions About Wealthsimple Referral $500?
If this article hasn’t answered each of your questions, and you’re still searching for additional specific information relating to Wealthsimple Referral $500, visit the Wealthsimple website to find answers to each your questions.