What is Wealthsimple?
Wealthsimple is an easy to use Canadian digital investing, stock plus crypto trading platform that differentiates itself from its competitors by charging absolutely no fees.
A Toronto, Ontario based fintech company launched in the Fall of twenty fourteen originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has improved substantially over the past 8 years to also feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Any Fees?
Wealthsimple Trade lets Canadian investors to trade single stocks and also ETFs without having to pay any commissions. The exception to this is when you’re trading ETFs and stocks which are denominated in USD currency. In which case, they do charge a small currency conversion fee when buying and selling. However, gone are the days of paying more than $7 for each trade with online discount brokerages as was common only a couple years past.
Exactly How Much Money Will I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they allow investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have large initial deposit amounts of 1k-$5000. This makes it difficult for the typical investor to get started. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.
So Does Wealthsimple Trade Have RRSP Accounts?
Of course. Wealthsimple Trade has available both registered and non-CRA-registered accounts. One can select both RRSP and TFSA accounts during the setup phase.
Does Wealthsimple Trade Offer a Mobile App?
Yes, Wealthsimple Trade offers a modern mobile app available on IOS and Android. The app makes the signup phase and trading of stocks and ETFs very a breeze.
But Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is legit. Wealthsimple has more than 15 billion Canadian of Assets Under Management . they’ve been expanding for more than 7 years and employs more than 600 folks. The controlling owner is the public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fees online discount brokerage to operate in Canada.
But How Does One Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it incredibly simple to fund your account. Just connect a chequing or savings account with your Trade account, and fund your account in only a few steps. Deposits from financial institutions to Wealthsimple normally take only a few days. Funds can just as easily be moved back to your chequing or savings account with the same method.
Which Additional Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An equivalent to Interac E-Transfers that allow anyone to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and file your tax return online free. It’s described as easy, accurate and always free tax filing.
Wealthsimple Spend – A combination prepaid debit card and savings account that allows one to recieve 1% cashback on all your purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – This is Wealthsimple’s free personal finance learning platform that includes a variety of courses on different topics such as saving, investing, crypto, real estate and much more.
Each of the listed features, including Wealthsimple Trade may be found within the mobile app and on their site with a single login.
So How Should I Start With Wealthsimple Trade?
Click here to setup your Wealthsimple Trade account. As an exclusive registration bonus to our audience you will get the equivalent cash value of a Canadian stock worth $25 up to $4,500 CAD once you fund your account.
But What if I Still Have Questions Related to Wealthsimple Trade $3?
If this review still hasn’t given you the answers to all of your questions, and you’re still browsing for additional information about Wealthsimple Trade $3, visit the Wealthsimple website to find answers to all your questions.