Wealthsimple Trade Fees Reddit

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stock plus crypto trading web app that differentiates itself from other apps by charging no fees.

A leading Canadian online financial services business launched in Fall twenty fourteen exclusively as a robo-advisor trading platform named Wealthsimple Invest, it has changed considerably over the last 8 years to also include Wealthsimple Trade, a no fees discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows consumers to trade single stocks and ETFs without having to pay fees. The exception to this is when you’re trading securities which are displayed in USD. In which case, they do charge a currency conversion fee when buying and selling. But, behind us are the times of paying more than $7 per trade with online discount brokerages as was expected just a few years ago.

Exactly How Much Cash Will I Need to Have to Start on Wealthsimple Trade?

Wealthsimple is unique in that they allow new customers to make a minimum deposit of only $1. Most traditional banks and brokerages have sizeable min deposit amounts of 1k-$5,000. This makes it tough for the every day new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to start trading stocks and ETFs.

But Does Wealthsimple Trade Offer Registered Accounts?

Yes. Wealthsimple Trade has available both CRA registered and non-registered account types. You are able to choose between both RRSP and TFSA accounts in the setup process.

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a easy to use mobile app offered on IOS and also Google Play. The app makes the enrollment phase and also the trading of stocks and ETFs incredibly a breeze.

So Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is secure. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management (AUM). They have been in business for more than 7 years and also at this time employs over 600 folks. The primary shareholder is the admired publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.

So How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it quite simple to add money to your new account. Simply connect a chequing or savings account to your Trade account, and then add funds to your account in only a couple of clicks. Deposits from your bank to Wealthsimple typically take just a couple of days. Funds can the same way can be moved back to your chequing or savings account through the exact same method.

Which Other Benefits and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac E-Transfers which allows one to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for tax season and submit your taxes online for free. It’s advertised to be easy, accurate and always totally free tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings account that allows one to get 1% cashback on your purchases, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a bunch of different courses on saving, investing, crypto, real estate and more.

Every one of the above features, including Wealthsimple Trade can be accessed inside the app or from their site with your Wealthsimple login.

So How Should I Begin With Wealthsimple Trade?

Click here to register for a new Wealthsimple Trade account. For a special signup bonus for our audience you’ll receive the equivalent cash value of a random Canadian stock worth up to $4,500 CAD as soon as you make an initial deposit to your account.

But What if I Still Have Additional Questions Related to Wealthsimple Trade Fees Reddit?

If this article hasn’t answered all of your questions, and you’re still browsing for more answers about Wealthsimple Trade Fees Reddit, go to the Wealthsimple site to get answers to every one of your questions.