Things to Know Before Using Wealthsimple Trade! | Why I Moved to TD

For my Canadian friends out there, here are 10-ish things you need to know before using Wealthsimple Trade! And how one of these things led me to move from Wealthsimple Trade to TD.

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[ArnoldLamYT]

Thanks for watching! Let me know if you have further questions about Wealthsimple Trade and my move to TD

[dirkoswald]

A well explained video, there are several platforms out there that can make investing easier for you, investing is essential and key to a passive income.

[nickdotlam]

Very clear, easy understanding, and informative. I liked to hear more from you. Good job!

[gene]

Well done Arnold. I was tempted to switch by a 0.5% transfer bonus, but I think the frustration with Wealthsimple would drive me nuts

[monubhogal]

what you think of cibc investor edge? their fee is 6.95 to sell or buy. i am not sure about the USD.

[hermes]

02:00 - I question the accuracy of what you say. Perhaps you mean you get your money back. It would impossible to 'get your shares back' if the issuing company (either the intermediary or the stock) is out of business
06:05 - WS now offers USD accounts. Not sure if you can deposit USD though (or whether they ding you an FXS fee or lousy rate requiring you to deposit in CAD first)

Twice you mention day-trading stocks. This will not work with a TFSAs. Or rather you risk getting an investigation from CRA.

[niranmojo]

Very rare this video might be the only one where someone is talking about moving form their brokerage to TD direct investing.

[FandomFinance]

Great video, very helpful. Wealthsimple just announced USD accounts coming soon :)

[imaginosdesdinova]

What I'm interested in is WS CDIC insured?... of course they claim they are but they are not a bank so it is kinda yes and no answer. In case of big bust krypto or/and stock market question is if they are covered?

[sarahsa-wcfu]

why is the SIN requested to register??

[funtimes]

Why I moved from TD to National Bank Direct Brokerage. Day trading and investing are two different things though, wealthsimple is amazing for investing and National Bank is perfect for buying American. All free of commissions.

[kewlrunnings]

They have Options, USD account, DRIP & Recurrent buying ETFs CAD or USD exchanges

[Laikame]

Hi am planing to open an hisa cash accounr on wealth simple but i bump in your video am thinking second thougt hows your cash account experience to them

[kr]

Wealthsimple also doesn't sell preferred shares

[Lapis_Pylosiphorum]

A Seriously unrelated question, HTF can ad agencies force ppl to watch something but even when 99.9% off ppl most likely click the skip button they still generate revenue

[clarifyingquestions]

Can you do a 2022 TD Norbert's Gambit video.

[ugojazzy]

No doubts, a good way of growing and saving your money is through investing . You don't need to have much before you can invest. That little money you have now can make you millions if you invest it wisely. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

[steven]

Why not have a wealthsimple and a td account?

[shunck]

They opened an option for trading with a USD account about 5 months after this video

[---GOD---]

$10 a month can get you a USD account and real-time updates with WST.
That's a single trade with TD. Two trades a month and you're already losing.
The best option for US securities trading is Interactive Brokers. No competition.