What is Wealthsimple?
Wealthsimple is a simple to use Canadian online Financial, stocks and crypto trading app that sets itself apart from other apps by charging no fees.
A online financial services company founded in Fall of twenty fourteen originally as a robo-advisor automated trading app named Wealthsimple Invest, it has changed substantially over the past 8 years to feature Wealthsimple Trade, a zero fee discount brokerage app.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows investors to trade single stocks and ETFs without paying any commissions. The exception to this is when you’re trading securities which are denominated in USD. In this case, they charge a small currency conversion fee when buying and selling. However, past us are the days of paying $7-12 per trade with digital discount brokerages as was the case only a couple years ago.
How Much in Funds do I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of only $1. Many traditional banks and brokerages have quite large initial deposit amounts of 1K-5k. This makes it hard for the everyday investor to start. With Wealthsimple Trade, you don’t have to already be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have RRSP Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-CRA-registered account types. You can select between both RRSP and TFSA accounts during the setup phase.
But Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade offers a convenient mobile app that is available to download on IOS and also Android. The app makes the signup steps and also trading of stocks and ETFs very simple.
Is Wealthsimple Trade Safe?
Of course. Wealthsimple Trade is secure. Wealthsimple boasts more than 15 billion Canadian in Assets Under Management (AUM). They have been expanding for more than 7 years and also now employs over 600 Canadians. The controlling shareholder is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.
How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it quite straight forward to deposit to an account. Just connect a chequing or savings account with your Trade account, then fund your account in just a couple of clicks. Deposits from banks to Wealthsimple typically take only a couple of days. Funds can just as easily be withdrawn your chequing or savings accounts through the exact same process.
What Additional Features and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac E-transfers that allow anyone to quickly and easily transfer money to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and submit your taxes online free. It’s pitched to be easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid visa and savings account that allows you to earn 1% cashback on all your spending, as well as get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform which offers a variety of online courses on different topics such as saving, investments, crypto, home buying and much more.
Each of the mentioned products, along with Wealthsimple Trade may be found inside the mobile app or from their website with a single login.
But How Can I Start With Wealthsimple Trade?
Click here to create your Wealthsimple Trade account. For a special registration bonus offer for our readers you will receive the equivalent cash value of a random stock worth $25 up to $4,500 Canadian once you deposit to your account.
So What if I Still Have Additional Questions Related to Wealthsimple Review 360 Pearson?
If this blog post hasn’t answered each of your questions, and you’re looking for additional specific facts about Wealthsimple Review 360 Pearson, check out the Wealthsimple site to find answers to each your questions.