Why Can\’t I Withdraw From Wealthsimple Trade

What Exactly is Wealthsimple?

Wealthsimple is a convenient and easy to use Canadian digital investing, stock and crypto trading web app that differentiates itself from the competition by charging no fees.

A Toronto, Ontario based fintech business launched in the Autumn of twenty fourteen originally as a robo-advisor algorithmic automated trading app named Wealthsimple Invest, it has evolved significantly over the last 8 years to also feature Wealthsimple Trade, a zero fee discount brokerage platform.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade allows consumers to trade stand alone stocks and also ETFs without paying any fees. The exception to this is when trading ETFs and stocks that are displayed in US Dollars. In that case, they will charge a currency conversion fee when buying and selling. But, behind us are the times of paying Upwards of $7 per trade with discount brokerages as was normal just a couple years past.

How Much Cash do I Need to Have in Order to Get Started With Wealthsimple Trade?

Wealthsimple is awesome such that they will allow new customers to make a minimum deposit of just $1. Many traditional banks and brokerages have quite large minimum deposit amounts of 1K-$5000. This makes it hard for the common new investor to start. With Wealthsimple Trade, you won’t need to already be wealthy to begin trading stocks and ETFs.

But Does Wealthsimple Trade Have TFSA Accounts?

It does. Wealthsimple Trade offers CRA registered and non-registered accounts. One are able to choose both RRSP and TFSA accounts during the setup process.

Does Wealthsimple Trade Have a Mobile App?

Yes, Wealthsimple Trade offers a convenient mobile app that is offered to download on both iOS and Android. The mobile app makes the signup phase and also trading of stocks and ETFs incredibly a breeze.

But Is Wealthsimple Trade Legit?

Definitely. Wealthsimple Trade is secure. Wealthsimple boasts over 15 billion Canadian of Assets Under Management . they’ve been operating for more than 7 years and at this time employs more than 600 Canadians. The main shareholder is the respected publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee online discount brokerage to operate in Canada.

But How Can I Add Funds to a Wealthsimple Trade Account?

The Wealthsimple Trade mobile app makes it incredibly straight forward to add money to a new account. Simply connect to a chequing or savings account to your Trade account, and fund your account in only a few steps. Deposits from financial institutions to Wealthsimple usually take a couple of days. Funds can just as easily be withdrawn a chequing or savings accounts by using the exact same method.

Which Other Features and Products Are Available?

Wealthsimple Cash – This is equivalent to Interac e-Transfers which allows you to quickly and efficiently send money to friends and family in Canada.

Wealthsimple Tax – Everything you require to prepare for this tax year and submit your taxes online for free. It’s described to be simple, accurate and always free tax return filing.

Wealthsimple Spend – A combination pre paid debit card and savings account that allows you to get 1% cashback on your everyday purchases, as well as get a competitive 1.5% interest on savings.

Personal Finance 101 – This is Wealthsimple’s free personal finance education platform which offers a variety of different online courses on topics like saving, investing, crypto, mortgages and much more.

All of the listed products, along with Wealthsimple Trade can be accessed inside the mobile app or on their website with one login.

But How Should I Begin Using Wealthsimple Trade?

Click here to setup a new Wealthsimple Trade account. For an exclusive signup bonus offer to our audience you’ll get the cash value of a random stock worth up to $4,500 CAD when you deposit to your account.

What if I Still Have Questions Related to Why Can\’t I Withdraw From Wealthsimple Trade?

If this blog post hasn’t given you the answers to each of your questions, and you’re searching for more specific info about Why Can\’t I Withdraw From Wealthsimple Trade, check out the Wealthsimple site to find answers to each your questions.