Wealthsimple Trade Free Stock

What is Wealthsimple?

Wealthsimple is an easy to use Canadian web based investing, stock and crypto trading app that distinguishes itself from similar apps by charging absolutely no fees.

A Toronto, Ontario based fintech company founded in the Autumn of twenty fourteen exclusively as a robo advisor trading platform called Wealthsimple Invest, it has improved considerably over the previous 8 years to also feature Wealthsimple Trade, a no fees discount brokerage platform.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows Canadian consumers trade single stocks and ETFs without paying commissions. The exception to this is when trading stocks which are listed in US Dollars. In that case, they charge a nominal currency conversion fee both when buying and selling. However, behind us are the days of paying $7-12 per trade with digital discount brokerages as was the case just a few years past.

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

Wealthsimple is special in that they allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and discount brokerages have sizeable initial deposit amounts of 1k-5K. This makes it impossible for the common investor to start investing. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Have Registered Accounts?

They do. Wealthsimple Trade offers registered and non-CRA-registered account types. You may choose between both RRSP and TFSA accounts during the setup process.

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app available on IOS and Google Play. The smartphone app makes the enrollment phase and also trading of stocks and ETFs very easy.

Is Wealthsimple Trade Secure?

. Wealthsimple Trade is legit. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management (AUM). they’ve been expanding for more than 7 years and employs more than 600 folks. The main owner is the large publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.

How Does One Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it so easy to deposit to an account. Simply connect the app to a chequing or savings account to your Trade account, and fund your account in just a few clicks. Deposits from banks to Wealthsimple usually take just a few days. Funds can just as easily be withdrawn your chequing or savings accounts by the same steps.

Which Additional Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to E-transfers which allows you to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you need to prepare for this tax year and file your taxes online for free. It’s described as easy, accurate and always totally free income tax filing.

Wealthsimple Spend – A hybrid prepaid visa and savings account which lets you to recieve 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 learning platform which offers a ton of courses on topics like saving, investments, crypto, home buying and much more.

Every one of the listed features, along with Wealthsimple Trade can be found on the mobile app or at their website with a single login.

But How Should I Start Using Wealthsimple Trade?

Click here to signup for a new Wealthsimple Trade account. For a special registration bonus offer for our audience you will receive the equivalent cash value of a random share worth up to $4,500 Canadian once you fund your account.

So What if I Still Have Questions About Wealthsimple Trade Free Stock?

If this article still hasn’t answered each of your questions, and you’re browsing for additional answers relating to Wealthsimple Trade Free Stock, visit the Wealthsimple website to find answers to all your questions.