Wealthsimple Save

What is Wealthsimple?

Wealthsimple is a simple to use Canadian web based Financial, stock and crypto trading web app that distinguishes itself from other apps by charging no fees.

A online financial services business founded in the Fall twenty fourteen originally as a robo advisor trading platform called Wealthsimple Invest, it has changed significantly over the past eight years to also include Wealthsimple Trade, a zero fees discount brokerage service.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows consumers to trade both individual stocks and ETFs without having to pay any commissions. The exception to this is when trading stocks and ETFs that are displayed in USD. In this case, they charge a currency conversion fee when buying and selling. However, gone are the times of paying Upwards of $7 per trade with discount brokerages as was common just a few years ago.

Exactly How Much Cash Will I Need to Have to Start Investing With Wealthsimple Trade?

Wealthsimple is cool in that they will allow new customers to make a minimum deposit of just $1. Most alternative banks and brokerages have sizeable initial deposit amounts of 1K-$5000. This makes it hard for the every day new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Offer TFSA Accounts?

They do. Wealthsimple Trade has available CRA registered and non-registered account types. One can select between both RRSP and TFSA account types in the setup process.

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a convenient mobile app available on both IOS and Google Play. The smartphone app makes the signup process and the trading of stocks and ETFs painless.

Is Wealthsimple Trade Trustworthy?

. Wealthsimple Trade is legit. Wealthsimple reports more than 15 billion CAD in Assets Under Management . they’ve been expanding for more than 7 years and right now employs more than 600 people. The controlling shareholder is the public Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fee online brokerage operating in Canada.

But How Do I Deposit to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so easy to add funds to an account. Just connect a chequing or savings account to your Trade account, and then add money to your account in only a couple of clicks. Deposits from your bank to Wealthsimple usually take a couple of days. Funds can also be moved to your chequing or savings accounts using the exact same process.

What Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac e-Transfers that allows anyone to quickly and easily send money to friends and family in Canada.

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

Wealthsimple Spend – A combination pre paid visa and savings product that lets you to earn 1% cashback on your everyday spending, as well as get a very competitive 1.5% interest on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a ton of different online courses on topics like saving, investing, crypto, real estate and much more.

Every one of the listed products, along with Wealthsimple Trade may be accessed within the mobile app or on the website with a single login.

But How Can I Get Started With Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For an exclusive registration bonus offer for our audience you’ll receive the cash value of a random Canadian stock worth up to $4,500 Canadian when you make an initial deposit to your account.

What if I Still Have Additional Questions About Wealthsimple Save?

If this article didn’t given you the answers to all of your questions, and you’re looking for further specific facts relating to Wealthsimple Save, go to the Wealthsimple site to get answers to each your questions.