Many Canadians are eager to begin investing, but the process is often needlessly complicated and expensive. The big banks impose heavy fees for each transaction (anywhere from $5 to $30) and customers are often pushed into pre-fabricated investment portfolios with little room for customization.
Wealthsimple Trade aims to make investing easier (and cheaper). By using the Wealthsimple Trade app, you can buy and sell thousands of stocks and ETFs (exchange-traded funds) instantly. If a full stock is out of your budget or you simply want to test the waters with a particular company, you can buy and sell fractions of stocks on Wealthsimple Trade. This opens up entirely new investment opportunities, especially for those just getting started with investing.
Best of all, it is free to buy and sell via the Wealthsimple app. There are no transaction fees, which frees users up to customize their portfolio at any time without worrying about excessive fees.
Looking to get investing with Wealthsimple Trade? Below we will cover everything you need to know to get started using the service. We will cover how to set-up an account, how to buy and sell, the pros and cons of the service, the hidden fees to be aware of, how to invest with crypto, and much more.