Wealthsimple Trade Phone Number

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian web based investing, securities and crypto trading web app that sets itself apart from similar apps by charging absolutely no fees.

A online financial services company launched in Fall of twenty fourteen exclusively as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has evolved substantially over the previous 8 years to also include Wealthsimple Trade, a zero fee discount brokerage app.

Does Wealthsimple Trade Charge Any Fees?

Wealthsimple Trade allows consumers trade both single stocks and also ETFs without having to pay commissions. The exception is when you’re trading securities that are listed in USD. In which case, they charge a currency conversion fee both when buying and selling. But, gone are the days of having to pay $7-12 for each trade with digital discount brokerages as was common just a few years ago.

Exactly How Much in Funds Will I Need in Order to Start With Wealthsimple Trade?

Wealthsimple is special in that they will allow Canadians to make a minimum deposit of only $1. Most traditional banks and brokerages have sizeable initial deposit amounts of 1K-$5,000. This makes it impossible for the common new investor to get started. With Wealthsimple Trade, one doesn’t have to already be wealthy to get started with trading stocks and ETFs.

Does Wealthsimple Trade Offer Registered Accounts?

Of course. Wealthsimple Trade offers both CRA registered and non-registered accounts. You can choose both RRSP and TFSA accounts during the setup phase.

But Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app offered to download on Apple and also Android. The app makes the signup steps and also trading of stocks and ETFs incredibly a breeze.

But Is Wealthsimple Trade Trustworthy?

Yes. Wealthsimple Trade is safe. Wealthsimple reports in excess of 15 billion CAD in Assets Under Management (AUM). This company has been expanding for more than 7 years and also currently employs roughly 600 folks. The controlling shareholder is the large public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade was the very first no-fee digital discount brokerage operating in Canada.

How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly simple to fund your new account. Just connect a chequing or savings account with your Trade account, then add money to your account in only a few steps. Deposits from financial institutions to Wealthsimple usually take a few days. Funds can also be withdrawn a chequing or savings accounts by using the exact same method.

Which Other Benefits and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to Interac e-Transfers which allows anyone to quickly and efficiently transfer cash to friends and family in Canada.

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

Wealthsimple Spend – A hybrid prepaid visa and savings product that allows one to recieve 1% cashback on your spending, and also 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 topics like saving, investing, crypto, real estate and more.

Each of the above products, including Wealthsimple Trade may be found within the app and at the site with a single login.

But How Can I Start Using Wealthsimple Trade?

Click here to signup for a Wealthsimple Trade account. For a special signup bonus offer to our readers you will get the equivalent cash value of a share valued at up to $4,500 CAD when you add funds to your account.

What if I Still Have Questions Concerning Wealthsimple Trade Phone Number?

If this article still hasn’t given you the answers to each of your questions, and you’re searching for additional answers relating to Wealthsimple Trade Phone Number, go to the Wealthsimple site for answers to each your questions.