What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian online Financial, stocks and crypto trading platform that sets itself apart from other apps by charging absolutely no fees.
A Toronto, Ontario based online financial services business launched in the Fall of twenty fourteen exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has grown significantly over the previous eight years to also include Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade allows consumers trade stand alone stocks and also ETFs without needing to pay any commissions. The exception is when trading stocks that are listed in US Dollars. In this case, they do charge a currency conversion fee both when buying and selling. But, behind us are the days of paying more than $7 per each trade with digital discount brokerages as was the case a few years ago.
Exactly How Much Cash Will I Need to Get Started With Wealthsimple Trade?
Wealthsimple is awesome such that they will allow Canadian investors to make a minimum deposit of just $1. Many traditional banks and discount brokerages have sizeable initial deposit amounts of $1000-$5,000. This makes it impossible for the every day investor to get started. With Wealthsimple Trade, you don’t have to already be wealthy to start trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
It does. Wealthsimple Trade offers CRA registered and non-registered accounts. One are free to choose both RRSP and TFSA accounts during the setup wizard.
So Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade has a modern mobile app that is available to download on iOS and also Google Play. The app makes the signup phase and also the trading of stocks and ETFs super a breeze.
Is Wealthsimple Trade Safe?
Yes. Wealthsimple Trade is secure. Wealthsimple reports over 15 billion CAD of Assets Under Management (AUM). This company has been doing business for more than 7 years and also now employs roughly 600 folks. The majority shareholder is the admired public Canadian corporation Power Corp of Canada. Weapthsimple Trade was the very first no-fees digital brokerage to operate in Canada.
So How Does One Fund a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it so straight forward to add funds to your account. Just connect the app to a chequing or savings account with your Trade account, then add funds to your account in just a few steps. Deposits from banks to Wealthsimple normally take a few days. Funds can just as easily be moved to a chequing or savings accounts using the exact same process.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is equivalent to Interac e-Transfers that allows anyone to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to prepare for tax season and submit your taxes online for free. It’s advertised to be easy, accurate and always free tax return filing.
Wealthsimple Spend – A hybrid prepaid visa and savings product that allows one to get 1% cashback on all your everyday spending, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance platform that includes a variety of different online courses on different topics such as saving, investments, crypto, home buying and more.
All of the above products, including Wealthsimple Trade may be found within the mobile app and on the website with one login.
But How Should I Get Started With Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For a special signup bonus for our audience you’ll get the equivalent cash value of a stock worth $25 up to $4,500 Canadian when you fund your account.
So What if I Still Have Questions Concerning Wealthsimple Review Glassdoor?
If this blog post didn’t given you the answers to each of your questions, and you’re browsing for additional specific answers relating to Wealthsimple Review Glassdoor, go to the Wealthsimple website for answers to each your questions.