Wealthsimple Review 5000

What Exactly is Wealthsimple?

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

A online financial services company launched in Autumn 2014 exclusively as a robo-advisor trading app called Wealthsimple Invest, it has improved significantly over the past eight years to feature Wealthsimple Trade, a zero fees discount brokerage platform.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers to trade stand alone stocks and also ETFs without having to pay any commissions. The exception to this is when trading ETFs and stocks that are displayed in USD currency. In that case, they charge a small currency conversion fee when buying and selling. But, behind us are the days of paying more than $7 for each trade with online discount brokerages as was common just a few years ago.

Exactly How Much Cash do I Need in Order to Get Started on Wealthsimple Trade?

Wealthsimple is special in that they allow Canadians to make a minimum deposit of just $1. The majority of alternative banks and brokerages have large min deposit amounts of $1000-$5000. This makes it tough for the typical new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

It does. Wealthsimple Trade offers both registered and non-registered account types. You are able to select between both RRSP and TFSA accounts in the setup process.

Does Wealthsimple Trade Have a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app that is offered on IOS and also Android. The app makes the signup steps and also trading of stocks and ETFs very simple.

But Is Wealthsimple Trade Safe?

Definitely. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion CAD of Assets Under Management . they’ve been in business for more than 7 years and currently employs about 600 folks. The main owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage operating in Canada.

But How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly easy to deposit to an account. Simply connect the app to a chequing or savings account to your Trade account, and add funds to your account in just a few clicks. Deposits from your bank to Wealthsimple usually take only a few days. Funds can the same way can be withdrawn your chequing or savings account by using the same process.

What Other Benefits and Products Are Available?

Wealthsimple Cash – An equivalent to E-transfers which allows anyone to quickly and simply transfer money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax year and submit your taxes online free. It’s pitched to be easy, accurate and always free income tax filing.

Wealthsimple Spend – A combination pre paid visa and savings product which allows one to recieve 1% cashback on your everyday spending, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different courses on saving, investing, crypto, mortgages and more.

Every one of the listed features, along with Wealthsimple Trade may be accessed inside the mobile app and from their website with one login.

But How Can I Begin Using Wealthsimple Trade?

Click here to create a Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you will get the equivalent cash value of a random share valued at $25 up to $4,500 Canadian as soon as you add funds to your account.

What if I Still Have Additional Questions About Wealthsimple Review 5000?

If this article hasn’t given you the answers to all of your questions, and you’re still searching for more info about Wealthsimple Review 5000, check out the Wealthsimple website for answers to all your questions.