What is Wealthsimple?
Wealthsimple is an easy to use Canadian web based investing, stocks plus crypto trading platform that sets itself apart from similar apps by charging absolutely no fees.
A fintech business founded in Fall twenty fourteen exclusively as a robo advisor trading app called Wealthsimple Invest, it has improved substantially over the past eight years to also include Wealthsimple Trade, a zero fee discount brokerage platform.
Does Wealthsimple Trade Charge Its Users Fees?
Wealthsimple Trade allows investors trade single stocks and also ETFs without paying commissions. The exception is when you’re trading securities that are listed in USD currency. In that case, they charge a small currency conversion fee both when buying and selling. However, past us are the days of paying Upwards of $7 per trade with online discount brokerages as was expected only a couple years past.
How Much in Funds do I Need to Get Started With Wealthsimple Trade?
Wealthsimple is awesome in that they will allow Canadian investors to make a minimum deposit of only $1. Many alternative banks and brokerages have sizeable minimum deposit amounts of $1000-5K. This makes it tough for the every day new investor to start. With Wealthsimple Trade, you won’t have to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer Registered Accounts?
Of course. Wealthsimple Trade offers both registered and non-CRA-registered accounts. You may select between both RRSP and TFSA account types during the setup process.
So Does Wealthsimple Trade Offer a Mobile Application?
Yes, Wealthsimple Trade offers a well designed mobile app offered to download on iOS and also Google Play. The mobile app makes the enrollment phase and trading of stocks and ETFs a breeze.
So Is Wealthsimple Trade Legit?
Yes. Wealthsimple Trade is legit. Wealthsimple has in excess of 15 billion CAD of Assets Under Management (AUM). These folks have been operating for more than 7 years and now employs more than 600 Canadians. The controlling owner is the respected public Canadian company Power Corp of Canada. Weapthsimple Trade was the very first no-fee online brokerage operating in Canada.
But How Can I Add Money to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it straight forward to add money to an account. Simply connect the app to a chequing or savings account to your Trade account, and add funds to your account in only a few steps. Deposits from financial institutions to Wealthsimple usually take just a couple of days. Funds can just as easily be withdrawn your chequing or savings account with the exact same steps.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – An alternative to E-Transfers that allow anyone to quickly and simply send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll need to get ready for this tax year and submit your taxes online free. It’s pitched as simple, accurate and always totally free income tax filing.
Wealthsimple Spend – A combination pre paid visa and savings product which lets you to get 1% cashback on your purchases, as well as earn a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that includes a bunch of different courses on saving, investments, crypto, mortgages and much more.
Every one of the listed features, along with Wealthsimple Trade can be found in the mobile app and on their site with your Wealthsimple login.
But How Should I Get Started With Wealthsimple Trade?
Click here to register for a Wealthsimple Trade account. For a special registration bonus for our readers you will get the cash value of a random share worth up to $4,500 CAD when you deposit to your account.
What if I Still Have Questions About Wealthsimple Trade Login Issues?
If this article still hasn’t answered all of your questions, and you’re searching for further specific answers about Wealthsimple Trade Login Issues, go to the Wealthsimple site for answers to each your questions.