What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based Financial, stock and crypto trading app that sets itself apart from other apps by charging absolutely no fees.
A leading Canadian fintech business founded in Autumn twenty fourteen originally as a robo-advisor algorithmic trading platform called Wealthsimple Invest, it has evolved significantly over the last 8 years to include Wealthsimple Trade, a no fees discount brokerage app.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows investors trade single stocks and ETFs without needing to pay commissions. The exception is when you’re trading ETFs and stocks that are displayed in USD currency. In that case, they do charge a currency conversion fee when buying and selling. But, gone are the times of having to pay Upwards of $7 per trade with digital discount brokerages as was the case just a couple years past.
Exactly How Much in Funds do I Need to Have in Order to Get Started on Wealthsimple Trade?
Wealthsimple is special such that they allow investors to make a minimum deposit of only $1. Many alternative banks and brokerages have quite large minimum deposit amounts of $1,000-$5000. This makes it difficult for the common investor to start. With Wealthsimple Trade, you don’t have to be wealthy to begin trading stocks and ETFs.
Does Wealthsimple Trade Offer TFSA Accounts?
Of course. Wealthsimple Trade has both CRA registered and non-registered accounts. One can select both RRSP and TFSA accounts during the setup wizard.
So Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a well designed mobile app available on Apple and Android. The smartphone app makes the enrollment process and also trading of stocks and ETFs incredibly painless.
Is Wealthsimple Trade Legit?
Most definitely. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management . They have been operating for more than 7 years and at this time employs more than 600 people. The primary owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage operating in Canada.
So How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it incredibly straight forward to add money to an account. Simply connect the app to a chequing or savings account to your Trade account, and fund your account in just a couple of clicks. Deposits from banks to Wealthsimple normally take just a few days. Funds can the same way can be moved back to your chequing or savings account with the same process.
What Additional Benefits and Products Are Offered by Wealthsimple?
Wealthsimple Cash – An equivalent to Interac e-Transfers that allow you to quickly and efficiently transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to prepare for this tax year and submit your taxes online free. It’s advertised to be simple, accurate and always free tax return filing.
Wealthsimple Spend – A combination prepaid visa and savings account that lets one to get 1% cashback on 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 bunch of online courses on topics like saving, investing, crypto, real estate and much more.
Each of the above products, including Wealthsimple Trade may be accessed within the mobile app or at the website with one login.
But How Should I Begin With Wealthsimple Trade?
Click here to signup for your Wealthsimple Trade account. As a special signup bonus offer for our readers you will receive the cash value of a share worth up to $4,500 CAD as soon as you deposit to your account.
So What if I Still Have Additional Questions About Wealthsimple Trade Bonus 2021?
If this review didn’t answered all of your questions, and you’re browsing for additional specific info relating to Wealthsimple Trade Bonus 2021, visit the Wealthsimple website for answers to every one of your questions.