What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks plus crypto trading platform that distinguishes itself from its competitors by charging absolutely no fees.
A fintech company launched in the Autumn twenty fourteen exclusively as a robo-advisor algorithmic automated trading platform called Wealthsimple Invest, it has improved significantly over the last eight years to include Wealthsimple Trade, a no fee discount brokerage service.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows consumers to trade single stocks and also ETFs without paying any fees. The exception is when trading securities that are displayed in US Dollars. In that case, they charge a small currency conversion fee both when buying and selling. However, gone are the times of having to pay Upwards of $7 per each trade with online discount brokerages as was the norm a few years ago.
How Much in Funds Will I Need to Have to Get Started With Wealthsimple Trade?
Wealthsimple is special in that they will allow Canadians to make a minimum deposit of just $1. The majority of alternative banks and brokerages have large initial deposit amounts of 1k-5K. This makes it difficult for the typical new investor to get started. With Wealthsimple Trade, one doesn’t need to already be wealthy to get started with trading stocks and ETFs.
Does Wealthsimple Trade Have Registered Accounts?
They do. Wealthsimple Trade offers both registered and non-registered accounts. One can choose between both RRSP and TFSA accounts during the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a well designed mobile app offered to download on both IOS and Google Play. The smartphone app makes the registration steps and also trading of stocks and ETFs incredibly painless.
So Is Wealthsimple Trade Secure?
Most definitely. Wealthsimple Trade is secure. Wealthsimple has more than 15 billion Canadian in Assets Under Management . they’ve been doing business for more than 7 years and also currently employs more than 600 Canadians. The primary shareholder is the publicly traded Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital brokerage operating in Canada.
How Can I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to fund an account. Simply connect the app to a chequing or savings account to your Trade account, and then add money to your account in simply a few clicks. Deposits from your bank to Wealthsimple usually take a few days. Funds can the same way can be moved back to a chequing or savings account using the same method.
Which Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – This is alternative to e-transfers that allows you to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for tax season and submit your tax return online free. It’s advertised as easy, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid debit card and savings account which allows you to earn 1% cashback on all your everyday spending, as well as get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a variety of courses on different topics such as saving, investments, crypto, mortgages and much more.
Every one of the above features, including Wealthsimple Trade may be found inside the app or from their site with a single login.
But How Can I Get Started With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For a special signup bonus offer to our audience you’ll get the cash value of a random share valued at $25 up to $4,500 CAD when you make an initial deposit to your account.
So What if I Still Have Additional Questions About Wealthsimple Trade 60 Days?
If this article didn’t given you the answers to all of your questions, and you’re searching for additional answers about Wealthsimple Trade 60 Days, go to the Wealthsimple site to get answers to each your questions.