What Exactly is Wealthsimple?
Wealthsimple is a simple to use Canadian online Financial, stocks and crypto trading platform that differentiates itself from the competition by charging no fees.
A Toronto, Ontario based online financial services business launched in Fall 2014 originally as a robo-advisor automated trading platform named Wealthsimple Invest, it has improved significantly over the past eight years to feature Wealthsimple Trade, a zero fees discount brokerage service.
Does Wealthsimple Trade Charge Any Type of Fees?
Wealthsimple Trade lets Canadian investors to trade stand alone stocks and also ETFs without having to pay commissions. The exception is when trading ETFs and stocks that are listed in USD. In this case, they do charge a nominal currency conversion fee both when buying and selling. But, behind us are the days of paying $7-12 for each trade with online discount brokerages as was the case just a couple years past.
Exactly How Much Cash do I Need to Have to Begin Investing With Wealthsimple Trade?
Wealthsimple is awesome in that they allow investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large min deposit amounts of 1k-5k. This makes it tough for the every day investor to start. With Wealthsimple Trade, you don’t have to already be wealthy to begin trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
Of course. Wealthsimple Trade offers both registered and non-registered account types. One can select both RRSP and TFSA accounts in the setup phase.
But Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a easy to use mobile app available to download on both IOS and also Google Play. The smartphone app makes the signup phase and also trading of stocks and ETFs truly simple.
Is Wealthsimple Trade Trustworthy?
. Wealthsimple Trade is trustworthy. Wealthsimple has more than 15 billion Canadian in Assets Under Management (AUM). These folks have been expanding for more than 7 years and also employs roughly 600 folks. The main shareholder is the publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital brokerage operating in Canada.
So How Does One Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it easy to add funds to your account. Just connect a chequing or savings account with your Trade account, and then add money to your account in simply a couple of steps. Deposits from your bank to Wealthsimple usually take a few days. Funds can also be moved to a chequing or savings accounts by the same method.
Which Additional Benefits and Products Are Available?
Wealthsimple Cash – An alternative to e-Transfers which allow anyone to quickly and simply transfer cash to friends and family in Canada.
Wealthsimple Tax – Everything you need to get ready for this tax season and submit your tax return online for free. It’s pitched as simple, accurate and always free tax filing.
Wealthsimple Spend – A combination prepaid visa and savings account which lets one to get 1% cashback on all your everyday spending, and also earn a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a variety of online courses on saving, investments, crypto, real estate and more.
All of the above features, including Wealthsimple Trade may be accessed on the app and on their website with one login.
So How Can I Begin With Wealthsimple Trade?
Click here to register for your Wealthsimple Trade account. For an exclusive registration bonus offer for our readers you will receive the cash value of a share valued at up to $4,500 Canadian when you deposit to your account.
What if I Still Have Additional Questions About Wealthsimple Trade Broker Code?
If this blog post hasn’t given you the answers to all of your questions, and you’re still searching for more facts relating to Wealthsimple Trade Broker Code, go to the Wealthsimple website to get answers to all your questions.