Wealthsimple Trade Etf Fees

What is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, securities plus crypto trading web app that differentiates itself from its competitors by charging no fees.

A leading Canadian online financial services company founded in the Autumn of twenty fourteen exclusively as a robo-advisor automated trading platform named Wealthsimple Invest, it has evolved significantly over the previous 8 years to also feature Wealthsimple Trade, a no fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows investors to trade both individual stocks and also ETFs without having to pay commissions. The exception to this is when trading securities that are listed in USD currency. In that case, they do charge a nominal currency conversion fee when buying and selling. However, past us are the days of paying more than $7 per trade with digital discount brokerages as was common a couple years past.

How Much Money do I Need to Have to Start Investing on Wealthsimple Trade?

Wealthsimple is cool in that they will allow Canadian investors to make a minimum deposit of just $1. Most alternative banks and discount brokerages have large initial deposit amounts of 1K-$5,000. This makes it hard for the normal new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

It does. Wealthsimple Trade has available both registered and non-registered accounts. You can select both RRSP and TFSA account types during the setup phase.

Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a well designed mobile app that is offered to download on both iOS and Android. The smartphone app makes the signup process and the trading of stocks and ETFs incredibly easy.

But Is Wealthsimple Trade Trustworthy?

Of course. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion CAD in Assets Under Management (AUM). They have been in business for more than 7 years and also currently employs more than 600 people. The main owner is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fees digital discount brokerage to operate in Canada.

So How Do I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so easy to fund an account. Simply connect to a chequing or savings account to your Trade account, and then add funds to your account in simply a few clicks. Deposits from financial institutions to Wealthsimple typically take only a few days. Funds can also be moved to your chequing or savings accounts by the exact same process.

Which Other Features and Products Are Available?

Wealthsimple Cash – An equivalent to e-Transfers which allow you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll require to prepare for tax year and file your tax return online free. It’s described as simple, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid pre paid visa and savings account which allows one to earn 1% cashback on all your everyday spending, and also get a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a variety of different courses on different topics such as saving, investing, crypto, mortgages and much more.

All of the listed products, including Wealthsimple Trade can be accessed within the mobile app or at the website with your Wealthsimple login.

So How do I Begin Using Wealthsimple Trade?

Click here to setup a Wealthsimple Trade account. For an exclusive signup bonus for our readers you will get the cash value of a stock valued at up to $4,500 CAD once you deposit to your account.

But What if I Still Have Additional Questions Concerning Wealthsimple Trade Etf Fees?

If this review didn’t answered each of your questions, and you’re still looking for additional info about Wealthsimple Trade Etf Fees, go to the Wealthsimple website to get answers to every one of your questions.