What is Wealthsimple?
Wealthsimple is a simple to use Canadian digital investing, stocks and crypto trading app that sets itself apart from other apps by charging absolutely no fees.
A Toronto, Ontario based online financial services company founded in Fall of twenty fourteen exclusively as a robo advisor algorithmic automated trading app named Wealthsimple Invest, it has improved significantly over the last 8 years to feature Wealthsimple Trade, a no fees discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows Canadian investors to trade both single stocks and also ETFs without paying any commissions. The exception to this is when trading stocks which are listed in US Dollars. In this case, they will charge a small currency conversion fee both when buying and selling. However, past us are the days of paying $7-12 for each trade with digital discount brokerages as was expected only a couple years ago.
How Much in Funds do I Need to Have to Start Investing With Wealthsimple Trade?
Wealthsimple is cool in that they allow investors to make a minimum deposit of just $1. Most alternative banks and brokerages have large initial deposit amounts of $1000-$5,000. This makes it tough for the every day new investor to get started. With Wealthsimple Trade, you don’t need to already be wealthy to start trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
Yes. Wealthsimple Trade has both CRA registered and non-registered account types. You are able to select between both RRSP and TFSA account types in the setup phase.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a convenient mobile app offered to download on Apple and also Android. The mobile app makes the registration steps and also trading of stocks and ETFs simple.
Is Wealthsimple Trade Safe?
Of course. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian of Assets Under Management (AUM). These folks have been in business for more than 7 years and also now employs more than 600 folks. The primary owner is the public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fee online discount brokerage to operate in Canada.
How Do I Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to add money to your new account. Just connect the app to a chequing or savings account with your Trade account, and add funds to your account in only a few clicks. Deposits from financial institutions to Wealthsimple typically take only a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts with the exact same steps.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – This is alternative to Interac e-Transfers which allow you to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax season and file your taxes online free. It’s pitched as easy, accurate and always totally free tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product that allows you to earn 1% cashback on your everyday purchases, and also get a very competitive 1.5% interest on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a ton of different courses on topics like saving, investing, crypto, mortgages and much more.
Each of the mentioned features, along with Wealthsimple Trade may be accessed inside the mobile app and from their website with a single login.
How do I Begin Using Wealthsimple Trade?
Click here to signup for a new Wealthsimple Trade account. As a special registration bonus to our audience you will receive the equivalent cash value of a stock worth $25 up to $4,500 CAD as soon as you fund your account.
So What if I Still Have Additional Questions Concerning Wealthsimple Review 90?
If this blog post hasn’t answered all of your questions, and you’re still searching for further specific information relating to Wealthsimple Review 90, check out the Wealthsimple site to find answers to each your questions.