Wealthsimple Trade is an app that allows you to Trade Stocks and ETF’s with no trading commissions. The app is similar to the popular Robinhood trading app that is only available in the U.S.
Currently, this is the only commission-free brokerage in Canada, and it will soon become the leading trading platform for Millenials.
The sign-up process is fairly straightforward. After downloading the app, you’ll be prompted to log in or sign up. If you already have an account with Wealthsimple Invest, your information will be used for logging in. The whole process takes about 5 minutes. Use this link and receive 2 free stocks.
How exactly does Wealthsimple trade make money? According to their website, a 1.5% currency exchange fee is charged when trading U.S.-listed securities.
Weathsimple trade is very safe to use and I highly recommend it to anyone who is interested in investing. The platform is CIPF (Canadian Investor Protection Fund) protected and regulated by the IIROC (Investment Industry Regulatory Organization of Canada). Just make sure to do your research and risk assessment before picking stocks. Sign up with Wealthsimple Trade here!
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Kenyon Ndezi is a recent graduate, writer, creator of vividbay.com, and the owner of Neonbuild.com, which is a company focused on building apps for small businesses and individuals. Follow along and get inspired!
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