What is Wealthsimple?
Wealthsimple is an easy to use Canadian online Financial, stocks and crypto trading platform that sets itself apart from the competition by charging absolutely no fees.
A leading Canadian fintech business launched in Fall 2014 originally as a robo-advisor trading app named Wealthsimple Invest, it has improved significantly over the past 8 years to feature Wealthsimple Trade, a no fees discount brokerage service.
Does Wealthsimple Trade Charge Fees?
Wealthsimple Trade allows investors trade individual stocks and also ETFs without needing to pay fees. The exception to this is when trading securities that are denominated in US Dollars. In this case, they charge a small currency conversion fee when buying and selling. But, past us are the times of having to pay more than $7 per each trade with online discount brokerages as was common just a couple years past.
Exactly How Much Money Will I Need in Order to Begin Investing on Wealthsimple Trade?
Wealthsimple is cool in that they allow new customers to make a minimum deposit of only $1. Most traditional banks and brokerages have sizeable initial deposit amounts of $1,000-5k. This makes it hard for the common new investor to start. With Wealthsimple Trade, you don’t have to be wealthy to get started with trading stocks and ETFs.
But Does Wealthsimple Trade Have TFSA Accounts?
It does. Wealthsimple Trade offers both registered and non-registered account types. You can choose both RRSP and TFSA account types during the setup process.
But Does Wealthsimple Trade Have a Mobile App?
Yes, Wealthsimple Trade offers a easy to use mobile app that is available to download on iOS and also Google Play. The app makes the registration steps and also the trading of stocks and ETFs a breeze.
Is Wealthsimple Trade Safe?
For sure. Wealthsimple Trade is legit. Wealthsimple boasts over 15 billion Canadian in Assets Under Management (AUM). This company has been in business for more than 7 years and also right now employs roughly 600 people. The main owner is the public Canadian company Power Corp of Canada. Weapthsimple Trade is the first no-fees online discount brokerage operating in Canada.
How Do I Deposit to a Wealthsimple Trade Account?
The Wealthsimple Trade smartphone app makes it so simple to deposit to an account. Simply connect a chequing or savings account to your Trade account, then add money to your account in simply a few clicks. Deposits from financial institutions to Wealthsimple normally take just a few days. Funds can also be withdrawn your chequing or savings account using the exact same process.
What Additional Benefits and Products Are Available?
Wealthsimple Cash – This is equivalent to Interac E-transfers which allow you to quickly and easily send money to friends and family in Canada.
Wealthsimple Tax – Everything you’ll require to get ready for tax year and file your tax return online free. It’s described as simple, accurate and always totally free tax return filing.
Wealthsimple Spend – A hybrid pre paid visa and savings product which allows one to recieve 1% cashback on your everyday spending, and also get a very competitive 1.5% interest rate on savings.
Personal Finance 101 – Wealthsimple’s free personal finance education platform that offers a variety of different courses on topics like saving, investments, crypto, real estate and much more.
Each of the above products, along with Wealthsimple Trade may be accessed within the mobile app or from the website with your Wealthsimple login.
But How do I Get Started Using Wealthsimple Trade?
Click here to register for a new Wealthsimple Trade account. For an exclusive signup bonus for our audience you will receive the equivalent cash value of a random Canadian stock worth $25 up to $4,500 Canadian as soon as you deposit to your account.
So What if I Still Have Additional Questions Concerning Wealthsimple Us Trade Fees?
If this blog post didn’t answered each of your questions, and you’re still browsing for additional information relating to Wealthsimple Us Trade Fees, visit the Wealthsimple website to get answers to every one of your questions.