What is Wealthsimple?
Wealthsimple is a convenient and easy to use Canadian digital Financial, securities and crypto trading web app that distinguishes itself from its competitors by charging absolutely no fees.
A Toronto, Ontario based online financial services business launched in the Fall 2014 originally as a robo advisor automated trading platform called Wealthsimple Invest, it has grown considerably over the previous eight years to feature Wealthsimple Trade, a no fee discount brokerage platform.
Does Wealthsimple Trade Charge Any Kind of Fees?
Wealthsimple Trade allows investors trade both single stocks and also ETFs without having to pay any fees. The exception to this is when you’re trading stocks and ETFs that are displayed in US Dollars. In that case, they charge a currency conversion fee when buying and selling. However, gone are the times of having to pay Upwards of $7 per trade with online discount brokerages as was the norm only a few years past.
Exactly How Much in Funds Will I Need in Order to Start Investing With Wealthsimple Trade?
Wealthsimple is cool in that they allow investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have quite large minimum deposit amounts of 1K-5k. This makes it hard for the normal investor to start investing. With Wealthsimple Trade, you don’t need to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Offer TFSA Accounts?
Yes. Wealthsimple Trade has both registered and non-registered account types. One are able to choose both RRSP and TFSA account types in the setup phase.
So Does Wealthsimple Trade Have a Mobile Application?
Yes, Wealthsimple Trade has a convenient mobile app that is available on iOS and also Google Play. The smartphone app makes the registration process and also trading of stocks and ETFs truly painless.
But Is Wealthsimple Trade Legit?
Yes. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion CAD in Assets Under Management (AUM). They have been in business for more than 7 years and also now employs about 600 Canadians. The primary owner is the large public Canadian corporation Power Corp of Canada. Weapthsimple Trade is the very first no-fee online brokerage operating in Canada.
So How Can I Add Funds to a Wealthsimple Trade Account?
The Wealthsimple Trade mobile app makes it simple to deposit to a new account. Just connect a chequing or savings account with your Trade account, and then fund your account in simply a few clicks. Deposits from financial institutions to Wealthsimple normally take a few days. Funds can also be withdrawn your chequing or savings accounts by using the same process.
Which Other Features and Products Does Wealthsimple Offer?
Wealthsimple Cash – This is alternative to E-Transfers that allows anyone to quickly and easily send cash to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax year and submit your taxes online for free. It’s pitched to be simple, accurate and always totally free tax filing.
Wealthsimple Spend – A hybrid prepaid debit card and savings product that lets you to earn 1% cashback on all your everyday spending, as well as get a competitive 1.5% interest on savings.
Personal Finance 101 – Wealthsimple’s free personal finance learning platform that offers a variety of different online courses on saving, investing, crypto, real estate and more.
Each of the listed features, including Wealthsimple Trade can be accessed within the app and on the website with your Wealthsimple login.
How do I Get Started With Wealthsimple Trade?
Click here to create a new Wealthsimple Trade account. For a special registration bonus for our readers you’ll receive the cash value of a Canadian stock valued at $25 up to $4,500 CAD once you add funds to your account.
So What if I Still Have Additional Questions About Wealthsimple Trade Login?
If this review still hasn’t answered all of your questions, and you’re looking for more answers relating to Wealthsimple Trade Login, go to the Wealthsimple site for answers to all your questions.