Wealthsimple Review 30 Year Fixed

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based investing, securities and crypto trading web app that sets itself apart from the competition by charging absolutely no fees.

A Toronto, Ontario based fintech business founded in the Fall of twenty fourteen originally as a robo advisor automated trading platform called Wealthsimple Invest, it has evolved significantly over the previous eight years to also include Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade lets consumers trade both individual stocks and also ETFs without needing to pay commissions. The exception is when you’re trading stocks and ETFs that are listed in US Dollars. In which case, they will charge a currency conversion fee when buying and selling. But, past us are the days of paying $7-12 per each trade with digital discount brokerages as was the case just a couple years past.

How Much Cash do I Need to Have to Get Started With Wealthsimple Trade?

Wealthsimple is unique such that they allow new customers to make a minimum deposit of only $1. Most alternative banks and brokerages have sizeable minimum deposit amounts of $1000-5k. This makes it impossible for the every day investor to start investing. With Wealthsimple Trade, one doesn’t have to be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Have TFSA Accounts?

Of course. Wealthsimple Trade offers both CRA registered and non-registered accounts. You may choose between both RRSP and TFSA account types during the setup process.

But Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a well designed mobile app available to download on both iOS and Android. The smartphone app makes the signup steps and also trading of stocks and ETFs super easy.

So Is Wealthsimple Trade Secure?

Definitely. Wealthsimple Trade is secure. Wealthsimple has over 15 billion CAD in Assets Under Management . These folks have been in business for more than 7 years and also employs roughly 600 folks. The primary shareholder is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.

How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite simple to deposit to a new account. Just connect a chequing or savings account with your Trade account, then add funds to your account in only a few steps. Deposits from banks to Wealthsimple normally take only a couple of days. Funds can just as easily be withdrawn your chequing or savings account by using the same steps.

What Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to E-transfers that allows one to quickly and efficiently transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to get ready for this tax year and submit your taxes online free. It’s pitched as easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid visa and savings product that lets one to recieve 1% cashback on your everyday spending, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform which offers a variety of online courses on topics like saving, investing, crypto, home buying and more.

Every one of the above features, along with Wealthsimple Trade may be found in the mobile app and on their website with your Wealthsimple login.

How Should I Get Started With Wealthsimple Trade?

Click here to register for a Wealthsimple Trade account. As an exclusive signup bonus offer for our audience you will receive the equivalent cash value of a random stock worth up to $4,500 CAD once you make an initial deposit to your account.

What if I Still Have Questions Concerning Wealthsimple Review 30 Year Fixed?

If this review hasn’t given you the answers to each of your questions, and you’re still searching for additional specific facts about Wealthsimple Review 30 Year Fixed, check out the Wealthsimple website to get answers to each your questions.