Wealthsimple Trade Transfer Fee Reimbursement

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital Financial, stocks and crypto trading platform that sets itself apart from other apps by charging absolutely no fees.

A leading Canadian online financial services business launched in Autumn 2014 originally as a robo advisor algorithmic automated trading app called Wealthsimple Invest, it has changed considerably over the past 8 years to also feature Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Type of Fees?

Wealthsimple Trade allows Canadian investors trade stand alone stocks and also ETFs without needing to pay commissions. The exception is when you’re trading ETFs and stocks which are denominated in US Dollars. In this case, they do charge a small currency conversion fee both when buying and selling. But, behind us are the days of paying $7-12 per each trade with online discount brokerages as was normal only a couple years past.

Exactly How Much Money Will I Need in Order to Start on Wealthsimple Trade?

Wealthsimple is unique in that they allow investors to make a minimum deposit of only $1. Most traditional banks and discount brokerages have large min deposit amounts of $1000-5k. This makes it impossible for the typical new investor to get started. With Wealthsimple Trade, one doesn’t need to be wealthy to start trading stocks and ETFs.

Does Wealthsimple Trade Have Registered Accounts?

It does. Wealthsimple Trade offers CRA registered and non-CRA-registered accounts. One are free to choose both RRSP and TFSA account types in the setup wizard.

So Does Wealthsimple Trade Offer a Mobile App?

Yes, Wealthsimple Trade has a modern mobile app offered on both iOS and also Android. The mobile app makes the enrollment phase and trading of stocks and ETFs incredibly painless.

So Is Wealthsimple Trade Secure?

Yes. Wealthsimple Trade is trustworthy. Wealthsimple boasts over 15 billion CAD of Assets Under Management (AUM). They have been in business for more than 7 years and employs roughly 600 folks. The primary owner is the respected publicly traded Canadian entity Power Corp of Canada. Weapthsimple Trade was the first no-fees online brokerage operating in Canada.

So How Can I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so straight forward to add money to a new account. Simply connect the app to a chequing or savings account with your Trade account, then fund your account in just a few steps. Deposits from banks to Wealthsimple normally take only a few days. Funds can just as easily be moved to a chequing or savings accounts by using the exact same method.

What Additional Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An alternative to E-transfers which allows one to quickly and easily send cash to friends and family in Canada.

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

Wealthsimple Spend – A combination prepaid visa and savings account which lets you to earn 1% cashback on all your spending, as well as earn a very competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance platform which includes a bunch of courses on different topics such as saving, investments, crypto, mortgages and much more.

All of the listed products, including Wealthsimple Trade can be found inside the app or on the website with your Wealthsimple login.

So How Can I Get Started Using Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. As a special signup bonus for our audience you will get the cash value of a random Canadian stock worth up to $4,500 Canadian when you fund your account.

So What if I Still Have Additional Questions Related to Wealthsimple Trade Transfer Fee Reimbursement?

If this article still hasn’t given you the answers to each of your questions, and you’re looking for more information relating to Wealthsimple Trade Transfer Fee Reimbursement, check out the Wealthsimple website to get answers to each your questions.