What Are Wealthsimple Fees

What is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian online Financial, stock and crypto trading platform that distinguishes itself from the competition by charging no fees.

A leading Canadian online financial services company founded in Fall 2014 originally as a robo advisor algorithmic trading platform named Wealthsimple Invest, it has evolved substantially over the past eight years to include Wealthsimple Trade, a no fee discount brokerage platform.

Does Wealthsimple Trade Charge Its Users Fees?

Wealthsimple Trade allows consumers trade single stocks and also ETFs without paying commissions. The exception is when trading ETFs and stocks that are denominated in US Dollars. In which case, they charge a nominal currency conversion fee both when buying and selling. But, gone are the times of having to pay $7-12 per trade with digital discount brokerages as was common just a few years past.

Exactly How Much in Funds do I Need to Have to Start Investing With Wealthsimple Trade?

Wealthsimple is unique such that they allow Canadian investors to make a minimum deposit of just $1. Most traditional banks and discount brokerages have quite large minimum deposit amounts of 1K-5K. This makes it impossible for the normal new investor to get started. With Wealthsimple Trade, you won’t have to already be wealthy to begin trading stocks and ETFs.

Does Wealthsimple Trade Have RRSP Accounts?

Of course. Wealthsimple Trade offers registered and non-registered accounts. One are free to select both RRSP and TFSA accounts during the setup phase.

Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a easy to use mobile app that is offered to download on IOS and also Android. The mobile app makes the signup steps and the trading of stocks and ETFs very simple.

Is Wealthsimple Trade Trustworthy?

Most definitely. Wealthsimple Trade is safe. Wealthsimple has in excess of 15 billion Canadian of Assets Under Management . they’ve been in business for more than 7 years and employs more than 600 Canadians. The primary owner is the admired public Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage operating in Canada.

So How Do I Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it so simple to add money to your new account. Simply connect a chequing or savings account to your Trade account, then add funds to your account in simply a couple of steps. Deposits from financial institutions to Wealthsimple normally take only a couple of days. Funds can also be moved to a chequing or savings accounts using the exact same method.

Which Other Features and Products Does Wealthsimple Offer?

Wealthsimple Cash – An equivalent to E-transfers which allows anyone to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you need to get ready for this tax season and submit your tax return online for free. It’s described as simple, accurate and always totally free tax filing.

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

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform that includes a bunch of different courses on topics like saving, investments, crypto, home buying and more.

Every one of the above features, along with Wealthsimple Trade can be accessed inside the mobile app and on the website with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. For a special signup bonus for our audience you will receive the equivalent cash value of a random stock valued at $25 up to $4,500 Canadian when you deposit to your account.

What if I Still Have Additional Questions About What Are Wealthsimple Fees?

If this blog post didn’t given you the answers to all of your questions, and you’re browsing for more specific facts relating to What Are Wealthsimple Fees, check out the Wealthsimple site for answers to each your questions.