Comissão de forex questrade

Riqueza diária.

A maioria dos americanos não tem a menor ideia de onde comprar e vender ações canadenses.

Eu sei disso por causa do grande número de e-mails que recebo pedindo ajuda para negociar ações canadenses.

Então, decidi montar este relatório para apontar os investidores interessados ​​em comprar ações canadenses na direção certa.

PennTrade é um corretor fácil e tímido que muitos leitores gostam de passar, mesmo que sejam um pouco caros. Sua comissão é uma bolada de US $ 29,95 por negociação. No entanto, para compensar essa comissão, a Penntrade oferece vários incentivos que você deve levar em consideração ao escolher um corretor on-line. Eles não têm custos extras para ordens de mercado, ordens de limite, grande volume, pequeno volume ou ações abaixo de US $ 1,00 & mdash; Além disso, cada décimo comércio é gratuito.

Uma pequena "taxa de avaliação de atividade", relacionada à Seção 31 da Lei de Valores Mobiliários de 1934, se aplica a transações de venda. A taxa até 27 de março de 2013 é de US $ 22,40 por milhão, ou cerca de dois centavos por US $ 1.000 de receita de venda. Esta taxa é ajustada anualmente pela SEC e publicada em seu site.

Para uma lista completa e mais informações sobre as taxas de comissão da Interactive Brokers, clique aqui.

Para obter mais informações sobre o CIBC Investor's Edge, consulte o website deles em investorsedge. cibc.

Para mais informações sobre o Questrade, confira o site deles no questrade.

Uma última opção.

Eu sei que há muitas pessoas que ainda se sentem desconfortáveis ​​negociando ações on-line e preferem fazê-lo à moda antiga. Se isso soa como algo que você está interessado, então eu recomendo passar por Canaccord Capital Corp.

Então junte-se ao Outsider Club hoje gratuitamente. Você aprenderá como assumir o controle de suas finanças, gerenciar seus próprios investimentos e vencer "o sistema" em seus próprios termos. Torne-se um membro hoje e receba nosso último relatório gratuito: "Colapso Econômico Mundial: Aumente sua riqueza em uma epidemia do mercado de ursos"

Depois de obter o seu relatório, você começará a receber o e-letter do Outsider Club, entregue em sua caixa de entrada diariamente.

Revisão de Questrade.

A Questrade é a maior e mais popular corretora on-line do Canadá desde fevereiro de 2018. Eles foram fundados em 1999 e oferecem uma gama completa de produtos / serviços de investimento / negociação para o investidor médio e o trader ativo de alto volume.

Sua jornada desde a indústria da avalanche da indústria nos seus primeiros anos até seu atual lugar no topo, consistentemente, como a melhor corretora do Canadá (citada pelo Globe and Mail, pela MoneySense Magazine e pelo ranking anual da Deloitte) tem sido longa e fascinante. .

Dentro desta revisão aprofundada do Questrade, explorarei sua impressionante variedade de ofertas e debates se você quiser participar.

Comissões e amp; Honorários.

Questrade Offer Code.

A tabela acima deve ser olhada novamente! Não é um erro de digitação, nem um exagero! A Questrade oferece as negociações mais baratas em praticamente todas as categorias de investimento em todo o Canadá. Há uma estrutura de preços que não mudou desde o seu início e é tão impressionante que realmente incentiva novos e pequenos investidores a entrar no jogo do investimento, ao mesmo tempo em que atrai investidores insatisfeitos de outras corretoras.

Questrade convenientemente pode cobrir todas as taxas de transferência impostas por outras instituições financeiras se estiver interessado em mover sua conta de negociação existente para eles. Isso faz com que o fascínio se torne ainda mais tentador.

Para negociação de ações, a Questrade oferece uma estrutura única de preços democrática. Investidores de longo prazo, menos ativos, têm a opção popular de 1 centavo; por ação com uma taxa mínima de US $ 4,95 / trade e um teto de comissão máxima de US $ 9,95. Comerciantes ativos & # 8212; aqueles que fazem negócios de ações de alto volume & # 8212; tem a escolha de 1 & cent; por ação (1 & cent; mínimo / $ 6,95 no máximo), ou uma comissão de $ 4,95 de comissão por ações. Todos os titulares de contas podem alternar entre essas opções de preços a qualquer momento. Mas esteja ciente de que uma mudança para o programa de trader ativo envolve a assinatura de um dos vários planos avançados de dados de mercado da Questrade.

Desde 2013, a Questrade continua sem comissão sobre a compra de ETFs (Exchange Traded Funds). Os ETFs são gratuitos para todos. Isso mudou radicalmente a face do investimento em índice para melhor. Ele abriu um novo mundo para aqueles que preferem comprar mensalmente para aproveitar a média do custo do dólar. Também faz com que os juros compostos e os portfólios de reequilíbrio sejam muito mais doces.

Enquanto estivermos no tópico de ETFs, muitas outras corretoras (incluindo bancos) ainda cobram uma taxa por negociações de ETF, por incrível que pareça, assegurando a desaceleração do tempo do mercado & # 8221; estratégia como uma prática comum por muitos investidores amadores nestas outras saídas financeiras na esperança de economizar nos custos de comissão. Obviamente, isso não é mais necessário ao investir na Questrade. Com tantos voltando-se para ETFs estes dias devido ao seu baixo MER e alcance diversificado é uma lufada de ar fresco maravilhoso para poder fazê-lo sem nenhum custo. Todas as indicações parecem ser que Questrade foi o primeiro corretor de descontos no Canadá a fazer isso, e eu os aplaudo.

O Questrade também deixa claro que eles não cobram taxas de instalação, taxas anuais e taxas ocultas em qualquer um de seus serviços, o que é uma mudança bem-vinda em relação à norma da indústria. Uma nota especial deve ser dada, no entanto, à forma como eles lidam com a inatividade da conta.

Embora historicamente Questrade nunca tenha cobrado uma taxa de inatividade, eles recentemente fizeram uma mudança sutil nessa política. Na verdade, não é tão ruim quando você lê os detalhes. Se qualquer coisa é bastante razoável. Esse ajuste de política pode cobrar US $ 24,95 (sem impostos) por trimestre. No entanto, todos os titulares de contas do Questrade, incluindo famílias com o mesmo endereço físico (que também pode ser um grupo de estranhos ao usar o programa myFamily), com ativos combinados de pelo menos US $ 5.000 estão isentos dessa taxa de inatividade. Esta taxa também não se aplica a contas de caridade, contas forex, indivíduos com 25 anos de idade ou menos, e todas as novas contas abertas por apenas 6 meses. Se, no entanto, esta taxa ainda se aplicar a você, então faça pelo menos uma negociação comissível por trimestre (uma vez a cada 3 meses) e você não será cobrado. Além disso, se você estiver inativo por um trimestre e for cobrado, ao fazer pelo menos uma negociação no trimestre seguinte, será acionado um reembolso de até $ 24,95 em negociações sem comissões como compensação. Justo.

Para a maioria dos investidores, essa mudança de política é trivial, já que seus ativos são quase sempre superiores a US $ 5.000. E assim a maioria das pessoas nunca será cobrada essa taxa de inatividade. Como já referi anteriormente, penso que esta alteração é perfeitamente razoável e ainda é melhor do que todas as outras corretoras de desconto que cobram uma taxa de inactividade, sem excepções, fazem-no com maior frequência (mensalmente) e cobram taxas ocultas qual Questrade não faz.

Novas contas.

Existem dois conjuntos de contas oferecidos pela Questrade: Self-Directed e Online Managed Investing.

Investimento Autônomo: Essas contas são para aqueles que querem o controle total de suas decisões de investimento. Eles vão te poupar mais dinheiro, em termos de custos de comissão. A conta de Margem Padrão (Individual) é o tipo de conta mais popular aberto por novos clientes.

Investimento gerenciado: Essas contas são para aqueles que querem que a Questrade gerencie todas as decisões de investimento em seu nome, por uma taxa anual nominal. Eles exigem o menor esforço de sua parte e tendem a obter retornos mais elevados a longo prazo. De minha análise, essas contas são realmente tratadas por uma equipe real (a divisão Questrade Wealth Management) nos bastidores. Sob sua gestão, eles consideram seus objetivos pessoais e tolerância ao risco para combinar, gerenciar, monitorar e ajustar os melhores investimentos sem o seu envolvimento diário. Questrade chama esse portfólio de QI.

Questrade Contas.

Margem Padrão:

Entidade Informal, Informal Conjunta ou Formal:

Propriedade exclusiva, parceria, clube de investimento ou empresa registrada:

TFSA, RRSP, LIRA, RIF, LIF, RESP individual ou Família RESP Forex (FX) & amp; Contrato para Diferença (CFD) Trading.

Gerenciado ativamente por funcionários atribuídos à sua conta @ Questrade.

Por favor, note que, ao contrário do auto-dirigido, o investimento gerenciado vem com um preço - uma taxa de administração mínima de $ 14 / ano. Na minha opinião, autodirigido é tudo o que alguém vai precisar considerando como tomar decisões de investimento informadas é bastante simples, mesmo para os recém-chegados nos dias de hoje. E, para isso, as contas autodirecionadas não têm taxas (fora da comissão de comércio usual) associadas a elas, ao contrário de seus primos de investimento gerenciados. Eu irei aprofundar seu lado de investimento gerenciado em uma seção posterior desta revisão.

Requisitos iniciais de depósito.

Embora o acesso imediato seja obtido após a adesão (não se esqueça de usar o código de oferta do Questrade: Canadá para receber $ 50 grátis durante a inscrição), sua conta não está ativada. Para ativar oficialmente sua conta, para começar a negociar, é necessário um depósito inicial.

Para ações e opções, você precisará manter um saldo patrimonial mínimo de US $ 250, após atender ao requisito de depósito inicial, para manter sua conta ativa em situação regular. Se, no entanto, você planeja fazer investimentos gerenciados, é necessário que você mantenha US $ 1.500 em valor de conta, uma vez que você investiu. Se esse valor cair abaixo de US $ 1.500, seus investimentos serão liquidados.

Depois que esse depósito mínimo inicial for liberado, o Questrade envia uma mensagem de confirmação por e-mail. Para aplicações off-line, você será contatado por um de seus representantes, confirmando que a negociação pode começar. Demora cerca de 1 a 3 dias úteis para a Questrade receber e processar este depósito.

* Depósitos em moeda canadense em forex & amp; As contas de CFD são convertidas automaticamente em moeda dos EUA.

Processo de inscrição.

Abrir uma conta com o Questrade é um processo incrivelmente rápido, intuitivo e indolor. Não levei mais de dois minutos para abrir uma conta geral, o que imediatamente me deu acesso para praticar dentro de plataformas de negociação e para postar em seu vibrante fórum de discussão. Levei menos de vinte minutos para abrir sua conta popular de margem de negociação individual.

O requerimento on-line requer seu número de seguro social (para reportar juros e dividendos ganhos ao CRA, mas você tem a opção, na página, de não permitir que eles usem seu SIN), informações de emprego (ou fonte de renda se estiver desempregado), e uma forma de identificação (por exemplo, carteira de motorista). E embora eles tenham uma alternativa off-line que você pode imprimir e preencher, eu recomendo fortemente o processo on-line seguro porque reduz a quantidade de erros de gravação e problemas de legibilidade e suporta o DocuSign para o processo de assinatura de assinaturas online.

Uma das primeiras coisas que você precisa fazer ao se inscrever é definir um ID de usuário e senha para sua nova conta. Isso fornece a capacidade incrivelmente conveniente de retornar a um aplicativo incompleto posteriormente.

Eu encontrei as sessões durante o tempo limite de inscrição após 30 minutos de inatividade. Isso é mais do que tempo suficiente para coletar documentos e credenciais necessários e revisar seus detalhes inseridos em busca de erros.

Maneiras de financiar sua conta.

Os números de contas consistem em dez dígitos numéricos (por exemplo, 12345678-90). Este é um passo em frente ao tamanho alfanumérico de seis caracteres anterior a 2011 e, como tal, foi relatado que alguns bancos externos ainda impõem um limite de oito caracteres para contas pagas quando você tenta enviar dinheiro para o Questrade. Para contornar isso, nossos leitores indicaram que você só precisa fornecer os primeiros oito dígitos do seu número de conta do Questrade. Usando esta solução útil, seus fundos ainda serão entregues com sucesso.

Ao fazer um depósito usando serviços bancários on-line ou via Interac, você deve ter em mente que não é possível enviar dólares para sua conta Questrade & # 8212; apenas CAD. Isto é devido a uma limitação de EFT no banco emissor, não a Questrade. Todos os outros métodos de financiamento apresentados acima suportam a capacidade de financiar sua conta com CAD ou USD. Retiradas de fundos em USD da sua conta Questrade para uma conta bancária em USD funcionam perfeitamente bem.

Se você precisar depositar a moeda em dólares imediatamente e nenhum dos métodos acima atender às suas necessidades, ainda terá mais algumas opções: Você pode converter seu saldo CAD existente em sua conta Questrade para USD usando a ferramenta Fundos do Exchange (encontrada em Solicitações de ). Isso pode levar até 24 horas para ser processado. Ou você pode aproveitar o Gambit de Norbert (veja o FAQ)! Conversões bem-sucedidas foram confirmadas pelos leitores desta revisão do Questrade.

Antes que as retiradas possam ser iniciadas, a Questrade exige que você forneça um cheque nulo ou um formulário de contrato de depósito pré-autorizado, assinado e carimbado pelo seu banco. Isso só precisa ser feito uma vez por conta bancária. Demora cerca de três dias úteis para processar um levantamento e para os fundos chegarem à sua conta bancária.

Conta do membro.

O portal de controle principal da sua conta é conhecido como myQuestrade (alternativamente, Questrade Account) e é uma bela experiência com organização bem pensada e apelo visual. Há muito amor colocado neste portal, proporcionando uma experiência totalmente imersiva e responsiva. Descobri que funcionava perfeitamente com todos os smartphones, tablets, laptops e desktops que eu poderia usar.

Este portal integra totalmente negociação e gerenciamento de contas sem esforço. Dá acesso imediato à compra e venda de títulos, trabalhando com ferramentas de pesquisa, usando uma biblioteca de aplicativos parceiros (e API do desenvolvedor) em qualquer um dos seus dispositivos, visualizando a atividade da sua conta, analisando saldos e posições, gerenciando seu pessoal detalhes, exibindo declarações, fazendo transferências de fundos em & amp; fora de suas contas, carregando & amp; baixar seus documentos, trocar moeda CAD / USD entre contas, tomar medidas corporativas em comunicações de acionistas, transferir posições, abrir contas adicionais, recuperar guias de impostos, exercer opções, interagir com fundos mútuos e muito mais.

Uma vez que sua conta é ativada para negociação, você é convenientemente perguntado quando você faz o login pela primeira vez para selecionar uma base padrão. Uma base é onde você gostaria que a Questrade colocasse você diretamente cada vez que você efetuasse login. Você pode escolher entre a página de gerenciamento de contas ou a plataforma de negociação on-line. Este é definitivamente um útil economizador de tempo, mas, se necessário, você pode saltar entre cada um através de uma barra de menu superior sempre visível. E você pode alterar sua base a qualquer momento na página Configurações.

Eles também têm várias áreas de autoajuda, incluindo um robusto centro de aprendizado de e-books (por exemplo, estratégias de opções e negociação Forex e CFDs), fichas informativas, um glossário detalhado e um fórum de discussão on-line muito ativo chamado The Exchange. . O Exchange é o lugar onde você deseja participar, fazer perguntas entre outros investidores engajados, compartilhar conhecimentos e consultar uma biblioteca crescente de recursos práticos e guias de ajuda. Eu achei esta área muito agradável, especialmente porque muitos estavam compartilhando conselhos de investimentos incríveis e dicas exclusivas que eu talvez não tenha descoberto de outras maneiras. Uma surpresa bem-vinda foi ver representantes da Questrade tão consistentemente envolvidos nas discussões deste fórum.

Localizado sob a opção de menu Relatórios, há uma série de subcategorias que fornecem detalhes sobre a atividade comercial e de conta geral. Algumas dessas subcategorias incluem: Resumo do Investimento (foto acima), Confirmações Comerciais, Atividade da Conta, Declarações, Devolução do Investimento e Notas Fiscais. Coletivamente, esses relatórios permitem que você explore todos os seus investimentos (ações, fundos, títulos, etc.), poder de compra, patrimônio líquido total, saldos de caixa e posições atuais (em CAD e USD) e muito mais.

Seu histórico de negociação é mantido por 36 meses, enquanto os eStatements, gerados mensalmente, são armazenados por 7 anos. Notas fiscais (por exemplo, T3, T5, T5008) também são disponibilizadas eletronicamente para cada ano.

Novas declarações são publicadas no dia 15 de cada mês e disponibilizadas para download imediato como arquivos PDF. Esses relatórios melhoraram drasticamente ao longo dos anos e contêm uma rica variedade de gráficos e tabelas coloridas úteis para facilitar a compreensão do seu desempenho até o momento e compará-lo com os anos anteriores. Indo mais além, essas declarações são muito detalhadas, e muito cuidadosamente construídas para não serem entendidas intuitivamente pelo investidor leigo, mas detalham detalhadamente os detalhes das atividades do mês, um resumo de todos os negócios liquidados pela empresa. final daquele mês, taxas de conversão, alocações, taxas de retorno atuais e históricas, distribuições de dividendos e notas especiais da corretora.

Porque eu me vejo como um investidor médio, a abordagem de estilo exposta nestas declarações é um excelente bônus oferecido por Questrade.

Embora a Questrade endosse a visualização, download e / ou impressão de extratos mensais on-line como arquivos PDF e os forneça gratuitamente, eles ainda oferecem a opção alternativa de envio de extratos em papel. Essa alternativa, no entanto, custa US $ 20 por declaração. Se você ainda preferir essas cópias, poderá fazer uma solicitação diretamente por telefone ou pela janela de bate-papo da ajuda ao vivo.

Moedas Duplas.

As contas de margem e registradas do Questrade são compostas de duas subcontas & # 8212; um que detém fundos canadenses e outro para fundos americanos. Isso é incrivelmente conveniente, uma vez que interrompe as cobranças automáticas desnecessárias de conversão, comuns em praticamente todas as outras corretoras, ao negociar instrumentos dos EUA. O Questrade não faz conversões automáticas de moeda. Outras corretoras, por outro lado, fazem isso simplesmente porque maximizam seus lucros. Bom para eles, ruim para você.

Por exemplo, com Questrade, itens como a receita de dividendos dos EUA de ações negociadas nos EUA permanecerão em USD e serão automaticamente depositados em sua subconta dos EUA. O mesmo acontece quando se financia a sua conta de margem (ou registrada) por qualquer tipo de moeda; os fundos serão automaticamente colocados na subconta de associação do mesmo tipo.

Os fundos podem ser movidos entre subcontas usando o recurso de Fundos de Câmbio da Questrade, mas basta observar cuidadosamente que, ao usar essa ferramenta, ela envolverá uma conversão com base na taxa spot no fechamento do mercado em Toronto mais uma taxa de spread. Esta taxa de spread é de 1,99% para as contas de margem e registradas. Se o patrimônio total exceder US $ 100 mil, no entanto, essa taxa cai para 1,70% para margem e 1,00% para contas registradas. Se convertendo entre USD / CAD, uma abordagem melhor seria usar a técnica de Gambito de Norbert porque elimina quase todas as taxas de câmbio. Por favor, consulte o FAQ para mais detalhes.

Uma interessante nota relacionada é que a Questrade continua a ser a única corretora no Canadá a permitir que duas moedas (CAD e USD) sejam mantidas simultaneamente dentro de contas registradas (TFSA, RRSP, RESP, RIF, LIRA, LIF) sem custo algum. por si só economizará uma quantia colossal de dinheiro de taxas de conversão desnecessárias. E considerando que outras casas de corretagem cobram rotineiramente taxas anuais por apenas ter uma conta registrada, a Questrade não cobra uma taxa anual; permitindo que suas contribuições anuais cresçam com a máxima eficiência.

Plataformas de Negociação.

A Questrade possui quatro plataformas de negociação: Trading with Questrade, uma plataforma de negociação totalmente funcional baseada na Web para usuários de desktop Windows / Macs / Linux, bem como para dispositivos móveis; Questrade IQ Edge, uma plataforma de negociação simplificada baseada em desktop para Windows 7 / 8.1 / 10 + e macOS 10+; Questrade Mobile, o seu operador móvel no campo de negociação on-the-go, para iOS e Android; e Questrade FX Global, o seu forex baseado na web & amp; Plataforma de negociação de mercado CFD para a maioria dos usuários de desktop e móveis.

Esta suíte inteira é livre para usar e praticar contas (com dinheiro virtual) estão disponíveis sem ter que ativar uma conta de negociação real. Muitas destas plataformas incluem snap quote live Canadian / U. S. streaming de dados de nível 1, um pacote de gráficos, ferramentas de pesquisa para análise fundamental e técnica e muito mais. E, embora seja disponibilizado gratuitamente, essas plataformas podem ser atualizadas para incluir um dos três pacotes de dados ou adicionar & agrave; la carte feeds.

Agora, vamos analisar cada uma dessas plataformas exclusivas e ver o que elas têm a oferecer.

Negociação com Questrade.

Esta é a plataforma de negociação gratuita mais popular da Questrade. Ele serve como o principal gateway comercial para a maioria dos usuários experiência de investimento. Ele também serve como resposta do Questrade para aqueles que, por um motivo ou outro, podem não ter acesso (ou ser compatíveis com) seus aplicativos Mobile ou IQ Edge. Como tal, essa plataforma de negociação é o que os usuários do Linux usam quando precisam negociar ações, ETFs e opções.

Negociar com a Questrade é habilmente integrado ao portal da conta Questrade e pode ser acessado através do botão verde de comércio, exibido com destaque, localizado na barra de menu superior. Por conveniência, esta plataforma pode ser configurada como sua base quando você se conecta. Esta plataforma é uma experiência responsiva baseada em navegador HTML5 totalmente compatível, não requer um download, nem qualquer complemento de terceiros, para ser totalmente funcional. .

Dar uma volta com esta plataforma foi uma experiência incrivelmente libertadora & # 8212; uma excelente fusão de poder e usabilidade. É muito bem embalado. Também introduz o conceito de Gadgets no léxico da plataforma. Um gadget é uma visualização personalizável personalizada pelo usuário em seus detalhes de negociação / mercado. Alguns desses gadgets incluem: atividade (um visualizador de registros), saldos, tempo & amp; vendas (atividade global atual de um estoque), cotações de nível 1, cotações de nível 2 (se você pagou por essa extensão), notícias, pedidos, gráficos, resumo de posição e uma lista de observação. Todas as alterações personalizadas que você fizer no layout da sua plataforma serão salvas e restauradas automaticamente quando você fizer o login novamente.

Essa plataforma foi surpreendentemente rápida e responsiva em todos os navegadores em que eu a testei. O uso da memória e da CPU foi surpreendentemente pequeno, apesar da profundidade das opções, da atividade e da funcionalidade que ela tinha a oferecer. Também descobri que as sessões não parecem ter limite de tempo de inatividade.

Um bom recurso de bônus dessa plataforma era poder iniciar uma tarefa de negociação em um dispositivo (por exemplo, um PC doméstico) e mudar facilmente para outro dispositivo (por exemplo, smartphone ou tablet) para concluí-lo. Esta é uma pequena adição inestimável, pois pode permitir que se construa com cuidado longos procedimentos de negociação, ao mesmo tempo em que permite a livre movimentação durante horários lotados. Pontos de bônus adicionais também têm que ir para o uso inteligente de coloração verde e vermelha em tempo real para ajudar a distinguir mais facilmente variações de preço de ações e opções à medida que elas acontecem.

Impressionantemente, esta plataforma de negociação baseada na web tem quase todos os recursos encontrados no IQ Edge, seu irmão mais velho nesta família. Diferenças notáveis ​​incluem a falta de múltiplos espaços de trabalho, mapas de calor e, surpreendentemente, a incapacidade de alterar os temas de cores & # 8212; você está preso a essa aparência branca, ao contrário do IQ Edge, que tem temas selecionáveis. Portanto, se você acha que precisa de um ou mais desses recursos ausentes, recomendamos que use a plataforma IQ Edge baseada em desktop.

Questrade IQ Edge.

Questrade IQ Edge é o grande garoto desta suíte. Ele vem como um aplicativo de desktop nativo (ou Mac) baseado em instalação gratuito. E embora seja comumente usado por muitos investidores, independentemente da experiência, essa plataforma foi projetada especificamente para atender a operadores ativos e profissionais.

Curiosamente, Negociar com Questrade e IQ Edge compartilha muitos recursos em comum. Mas eu encontrei as seguintes diferenças exclusivas.

O IQ Edge permite uma quantidade ilimitada de espaços de trabalho. Um espaço de trabalho é uma área da tela que permite abrir e personalizar um novo conjunto de gadgets ou janelas para uma finalidade específica que atenda a um estilo de ambiente de negociação. Vários espaços de trabalho navegáveis ​​são um recurso valioso para os operadores ativos.

Outras diferenças importantes que descobri foram que o IQ Edge oferece opções significativamente mais avançadas para entradas de pedidos, como ordens condicionais (por exemplo, ordens de acionamento em um horário, preço ou volume específicos), criação de pedidos de colchetes, alertas mais extensos e vários janelas de entrada de pedidos. Essa plataforma também inclui ferramentas de pesquisa mais extensas e mapas de calor.

Eu também descobri algumas diferenças sutis também. O IQ Edge permite a personalização extensiva de gadgets, o que os leva muito além do que é possível no Trading with Questrade. A maioria desses recursos personalizáveis, no entanto, são visuais (por exemplo, arrastar e soltar, redimensionar, personalizar cores, texto piscando). Depende do gadget. Curiosamente, os gadgets não têm um recurso de encaixe e, portanto, não organizam automaticamente quando a janela principal do aplicativo é redimensionada. É um pouco desagradável, mas não é um problema, porque a maioria das pessoas apenas posiciona seus gadgets em um determinado ponto e mantém a janela do aplicativo em um tamanho definido.

Curiosamente, qualquer customização de gadget feita no IQ Edge não é transferida para outras plataformas de negociação (supondo que o mesmo gadget exista) e vice-versa. Símbolos de ticker e os dados relacionados dentro de gadgets (por exemplo, alertas), no entanto, são mantidos adequadamente em diferentes ambientes de negociação.

Felizmente, o IQ Edge incorpora diferentes temas de cores selecionáveis ​​pelo usuário, variando de escuro (padrão), luz e azul celeste. Essa é uma mudança bem-vinda em relação ao tema branco queimado na tela que as outras plataformas de negociação (excluindo a FX Global) infelizmente são apenas usadas.

Um atrativo adicional do IQ Edge é que ele dá ao profissional a sensação de conforto, sabendo que a atividade de negociação de sua plataforma não será atrasada ou sofrerá soluços, como pode ser o caso se estiver usando um navegador da web. Ao falar com a equipe técnica da Questrade, foi-me dito que essa plataforma é escrita do zero usando código C ++ otimizado e implementada especificamente para processadores Intel, garantindo a velocidade das respostas para o mais sério dos traders. Infelizmente, no momento da redação deste artigo, não há versão de 64 bits para o IQ Edge nas plataformas de PC. Para Macs, é nativamente de 64 bits. Não me leve a mal, isso ainda funcionará perfeitamente nos sistemas de PC baseados em Windows de 64 bits. Ele simplesmente não funcionará da maneira mais eficiente possível. Esperamos que, no futuro próximo, uma versão otimizada de 64 bits do Windows do IQ Edge seja disponibilizada.

Questrade Mobile.

Como muitos de nós gastam muito do nosso tempo em dispositivos móveis, só faz sentido que queremos ser capazes de roubar, tocar e investir em qualquer lugar também. O Questrade Mobile preenche esse vazio.

Esta plataforma gratuita é uma plataforma de negociação móvel surpreendentemente muito poderosa e muito capaz. Operando em qualquer lugar e a qualquer momento, este aplicativo está disponível para dispositivos iOS e Android de suas respectivas lojas de aplicativos. O layout visual e organização dos recursos é muito bem pensado & # 8212; Eu posso navegar e usar o aplicativo com facilidade intuitiva. E embora eles convenientemente forneçam uma ferramenta de ajuda interativa, descobri que havia pouca necessidade de usá-la.

A Questrade originalmente planejava lançar uma versão similar para o Windows Phone e o Blackberry, mas, compreensivelmente, devido à participação de mercado quase inexistente no dispositivo, a idéia foi descartada no final do ciclo de desenvolvimento. Dessa forma, os usuários com esses dispositivos, incluindo o Linux, precisarão usar a plataforma de negociação alternativa baseada no navegador: Trading with Questrade.

Descobri que o conjunto de recursos do Mobile é quase idêntico à plataforma de negociação com o Questrade, mas com ajustes visuais para melhor atender à operabilidade do dispositivo portátil. Você pode até realizar ações de gerenciamento de contas diretamente no aplicativo.

Depois de usar essa plataforma por vários dias, está claro para mim que a Questrade continua a direcionar o Mobile para ser tão rico em recursos quanto o IQ Edge ao longo do tempo, de modo que até os operadores ativos possam ser menos dependentes de seus desktops. Tenho certeza de que isso será recebido com sorrisos radiantes por aqueles comerciantes que ansiavam por ser mais completamente livres de suas masmorras de QI. On-the-go está aqui para ficar, portanto, faz sentido lógico que a Questrade continue a sua tendência de integrar mais funcionalidades do tipo Whiz-bang no Mobile, possivelmente superando o seu irmão baseado na web ao longo do tempo.

Não há dúvida de que o Mobile é um componente integrante do Questrade e, possivelmente, o visualiza como o mais importante em toda essa plataforma, em termos de crescimento de longo prazo, já que a maioria das pessoas continuará procurando seus telefones (e outros portáteis). dispositivos) como seu principal hub para os mercados.

Questrade FX Global.

Esta é a sua plataforma gratuita baseada na web voltada especificamente para os traders de câmbio (FX) e contrato por diferença (CFD). Para os curiosos, contratos de câmbio e CFDs são derivativos de balcão. A FX Global oferece a capacidade de especular sobre o movimento de preços de moedas, energia, agricultura, metais e índices de ações de uma conta.

A FX Global vive e respira dentro do navegador da web. E meus testes descobriram que a interação é perfeita em todos os dispositivos que eu verifiquei. Isso inclui: PC, Mac, Linux e dispositivos móveis.

A plataforma rastreia convenientemente toda a atividade de negociação em tempo real. Eu poderia executar negociações de cotações bid / ask ao vivo apenas com um simples clique ou toque a qualquer momento. Também consegui acompanhar as posições abertas, observar lucros e perdas instantâneas, ver os saldos das contas e analisar a atividade histórica, tudo na tela.

Outros recursos positivos dignos de nota na minha avaliação incluem a capacidade de alternar temas de ambiente (por exemplo, escuro ou claro), notícias incorporadas minuto a minuto, ferramentas de pesquisa, indicadores de análise técnica, listas de observação e alertas de notificação por push para seu telefone.

Eu encontrei esta plataforma para ser projetada muito bem e eu poderia longa e curta centenas de pares de moeda global e CFDs com facilidade. Toda a experiência foi surpreendentemente muito mais natural do que eu esperava; e isso vem de alguém que tem pouca experiência prévia no FX & amp; Mercados de CFD. A negociação dentro da plataforma pode ser feita 24 horas por dia, de domingo à noite a sexta-feira à tarde, mas, se necessário, os titulares de contas de forex existentes também podem fazer pedidos gratuitamente pelo telefone.

Ferramentas de pesquisa.

Uma das chaves para um investimento bem sucedido é através de pesquisa de mercado tenaz & # 8212; Fazendo sua lição de casa. E assim, enquanto compilava este review, senti que deveria ser dado um aceno honroso às ferramentas de pesquisa de destaque da Questrade: Market Intelligence e Intraday Trader.

Quando você faz o login, ambas as ferramentas são encontradas sob a seleção do menu Market Research.

A Inteligência de Mercado é o lugar para ir quando você precisa receber as últimas notícias do mercado na América do Norte, Europa e Ásia. Com dados de pesquisa e classificações fornecidas pela MorningStar, consegui pesquisar com sucesso muitos materiais valiosos (por exemplo, relatórios, ganhos) em setores inteiros, empresas e ações específicas sem ter que sair da minha conta. Há também um alerta de e-mail baseado em critérios muito útil para acompanhar os estoques. Você pode configurá-lo para alertar sobre mudanças de preço, flutuações de volume, tamanhos de lance e muito mais.

A outra ferramenta de pesquisa, Intraday Trader, é um abrangente analisador técnico que monitora o NSYE, o NASDAQ, o AMEX, o TSX, o TSX Venture e o ARCA. Ao fornecer uma lista de observação de acionamento de eventos (predefinida ou personalizada), é possível verificar esses mercados e fazer referência cruzada a padrões técnicos de interesse durante o dia de negociação. Quando um alvo foi acionado, sou notificado com gráficos e uma descrição do que causou isso e por quê. É claro que o objetivo desta ferramenta é dar-lhe um heads-up em oportunidades de negociação em potencial à medida que estão acontecendo. Curiosamente, comecei a perceber nos dias seguintes que continuava voltando a usar essa ferramenta e adicionando mais complexidade aos meus gatilhos de eventos. Em suma, o uso dessa ferramenta pode se tornar bastante viciante.

Investimento gerenciado (portfólio IQ)

O investimento auto-dirigido (também conhecido como DIY) é oferecido essencialmente por todas as corretoras de desconto no Canadá e tem sido uma escolha popular pelo público em geral devido às cornucópias de ferramentas fáceis de usar e apoio disponibilizado aos investidores que desejam o controle completo sobre cada aspecto dos seus interesses financeiros. Com esse estilo de investimento, os clientes sempre conseguiram esculpir sua própria estratégia de investimento, definir seu portfólio, comprar e vender títulos e muito mais.

No entanto, existe outra opção. Para aqueles com muito pouco tempo, enquanto continuavam a realizar grandes ambições de investimento, a Questrade introduziu o Portfolio IQ, a alternativa ao investimento auto-dirigido. Realmente conhecido como investimento gerenciado, o Portfolio IQ elimina o estresse da tomada de decisões de investimento, como a alocação e o reequilíbrio de ativos, e coloca esse trabalho nas mãos de gerentes de portfólio experientes de sua divisão Questrade Wealth Management.

Quem não quer ter calma e ver seu dinheiro crescer em direção à independência financeira com pouco esforço? É um sonho tornado realidade! No entanto, a dificuldade está em tentar descobrir exatamente como fazer isso. É aqui que sinto que o Portfolio IQ vem em socorro.

Descobri que o Portfolio IQ era o primeiro serviço on-line de gerenciamento de riqueza do Canadá. Outra conquista de Questrade. Ao falar com um de seus gerentes, ele expressou que o advento do Portfolio IQ é crescer e se tornar um disruptor de mercado definitivo. Para tornar o investimento gerenciado acessível a todos. Ele continuou dizendo que, como o investimento gerenciado tem sido tipicamente um clube exclusivo para os muito ricos, o objetivo deles era relembrar o lema de liberar todas as coisas restritivas às massas ao acabar com as convenções. Isso é uma afirmação ousada. Então, naturalmente, me inscrevi para uma conta e dei uma olhada.

Abrir uma conta do Portfolio IQ é direto e requer apenas um depósito inicial de apenas $ 1. Como um bônus extra, o código de oferta de Questrade desta revisão & # 8212; também conhecido como código de referência do Questrade & # 8212; pode ser usado ao abrir uma conta gerenciada para receber um bônus em dinheiro grátis. Uma vez aberto você é levado através de um rápido, simples de usar apontar-e-clicar / tocar questionário para criar uma biografia de investidor que identifica a sua tolerância ao risco, as circunstâncias financeiras existentes, o conhecimento do mercado e as ambições de investimento. Tudo isso é usado para ajudar a cristalizar o melhor portfólio que será importante para você. Se seus objetivos mudarem, você poderá ajustar sua biografia para manter as coisas em equilíbrio, o que atualizará automaticamente seu modelo de portfólio subjacente de acordo.

Carteiras ETF.

Existem cinco portfólios e todos eles lidam exclusivamente com ETFs. Composição é uma combinação de setores, mercados e países.

Além disso, cada uma dessas carteiras possui três níveis. Cada camada tem um conjunto diferente de ETFs específicos do setor e específicos do país. É o valor do seu patrimônio da conta que determina qual posição da categoria você está automaticamente atribuída no portfólio que você selecionou.

Estrutura de taxas.

Embora seja necessário apenas US $ 1 para abrir uma conta do Portfolio IQ, seu dinheiro fica sem investimento até atingir pelo menos US $ 2.000. Uma vez atingido esse limite, seu dinheiro é automaticamente transferido para o portfólio selecionado, e sua própria equipe de especialistas designada começará a gerenciar e ajustar ativamente seu portfólio à medida que as oportunidades surgirem nos mercados. Descobri que eles mantinham reequilibrados ativos para permanecer dentro da minha tolerância ao risco sem qualquer envolvimento diário da minha parte, o que era bom.

Eu não encontrei nenhuma comissão de troca ou comissão atrasada. No entanto, descobri uma taxa de administração anual nominal, que varia com base no valor do seu ativo total da conta existente. Essa taxa só é cobrada quando você tem pelo menos US $ 2.000 em economias em sua conta gerenciada. Se ela se aplica, ela é dividida e cobrada proporcionalmente trimestralmente. Em relação a outras corretoras e bancos, esta taxa de administração é de longe a mais baixa que eu já vi.

Com o benefício adicional de aproveitar ao máximo a colheita de prejuízos fiscais e fornecer uma garantia de restituição de taxa de administração no último trimestre se você não estiver totalmente satisfeito por qualquer motivo, o Portfolio IQ é um participante extraordinário na área de investimento gerenciado. Tem aquela mistura perfeita de ressonância que todos os investidores, grandes e pequenos, anseiam quando sonham acordados com um amanhã não arrumado.

Centro IPO.

Participar de ofertas públicas iniciais (IPO), emissões secundárias (ações adicionais / títulos oferecidos por uma empresa de capital aberto) e produtos estruturados sempre foi o santo graal para muitos investidores devido ao incrível eufórico frenesi do IPO da Internet em 1990. boom, e recentemente com a mania de criptomoedas bitcoin (via Initial Coin Offerings).

Because IPOs usually tick up on first day closings, it makes total sense why so many want in — it’s a quick way to make an easy buck! However, due to the natural laws of supply and demand, interest in these new issues almost always outstrip the quantity made available, and therefore only insiders, well-connected bigwigs, and the very wealthy are usually the only ones who are granted access. Nepotism and cronyism at its undemocratic finest.

For generations the general public has had little access to IPOs. There was a brief moment in time when Wit Capital, an internet startup of the 90s, briefly unlocked this secret world, but it was short-lived.

Questrade became one of the new Canadian trailblazers to usher in a sledgehammer back into this world for the masses by introducing their IPO Centre. This centre is a very welcome sight and seems well positioned to grow into something incredibly special.

Type of Offerings.

The Questrade IPO Centre showcases newly available issues of Canadian equity, fixed income, and structured notes. For historic reasons, they also give access to a detailed back catalog of previous offerings. Each IPO’s respective fact sheet, investor summary, terms, preliminary and final prospectuses are also readily available.

Although the IPO Centre mostly has Canadian offerings, U. S. IPOs do show up from time-to-time as well. Due to Canadian security regulations though, U. S. and other foreign-based companies must file their prospectuses in each province individually in order to be sold to residents of that particular province. Since many companies in the United States may feel that doing an IPO in Canada could be an added expense (e. g., listing fees, legal fees, French language requirements), and that domestic demand in the U. S. is already strong enough to satisfy the capital they’re seeking to raise, it’s only logical that most offerings you see listed in the centre are Canadian by nature.

Fun fact: TSX has a very large mining focus. This is because many international mining/resource companies file a prospectus, raise money, and choose to be listed here in Canada.

Registered accounts (e. g., RRSP, TFSA) are also eligible to hold the vast majority of IPOs and treasury offerings. Some IPOs, however, may not be eligible due to their company/offering structure and how widely held it is.

My only complaint is that the number of IPOs to select from isn’t as bountiful as I would prefer it to be. I am not sure if this is due to the unseen battle that they surely must have with underwriters to be granted access to new filings, or if their staff is just being lethargic in pursuing more pickings.

How To Take Part.

The IPO Centre is reachable on your desktop/laptop , smartphone, and tablet. When you see an IPO or other new issue you like, it’s a simple click/tap of the Buy button found next to that offering. Alternatively, you can call their trade desk to put in a request. All IPO and secondary offering purchases are commission free.

Once your order has been placed, this is referred to as an “expression of interest”. An expression of interest makes Questrade aware you are putting in a commitment to buy a number of shares. This does not guarantee, though, that you will actually get any or all of the shares you’ve requested.

When placing an expression of interest on their website, the trade desk contacts you to confirm the order within an hour. In rare cases I found it took up to 24 hours.

There is a $5,000 minimum requested amount for submitting an IPO order. Some companies going public may even ask for an amount over and above this, but the majority of the time it won’t be above the $5,000 Questrade minimum. Once the order is confirmed, Questrade passes along your interest to the offering’s underwriter.

For instant notification of newly announced IPOs and secondary issues, I recommend subscribing to their mailing list known as the IPO Bulletin . Surprisingly, I found that notifications arrived roughly thirty minutes sooner than the time it took for new issues to appear on the centre’s front page. That revelation can potentially lead to unique first access opportunities. Agradável!

Canceling a request can be made within two business days (this may vary depending on the province) of receiving, or deemed receipt of, a prospectus and any related amendments (found at the online centre).

Processing Time & Distribuição.

Processing time for orders can vary but usually it takes around three weeks from when the underwriters first launch the IPO and when the offering closes. Times can be shorter when dealing with some secondary offerings and preferred treasury shares. Once allocations from the underwriter are received, Questrade informs customers via email or phone.

Allocations, however, may be distributed on a pro-rata basis if an IPO is oversubscribed (the number of shares requested by all interested parties is greater than what Questrade received), and so, as mentioned earlier, your original request amount may not necessarily materialize to what you actually get. For example, if Questrade receives a 50% allocation on their total order amount, they would then allocate only 50% to your original order request.

Serviço ao cliente.

Customer services are the make or break for practically every company, irrespective of the industry they’re in. If customers have an issue, be it executing a hanging order, a problem with account management, or just to get in touch to have someone walk them through a task, it’s critical that customer service be attentive, knowledgeable, and understanding. You can have all the best technology and intuitive user experience in place, but if you lack basic customer service support, you’re company is doomed.

Now let’s delve into Questrade’s customer service experience so I can give you my impression on their online and offline (i. e., telephone) efficacy.

Most people will likely prefer to communicate with Questrade through online means. As such, you have a few options: Email, and Live Help real-time chat.

Email response times were relatively quick. I sent four different emails regarding four distinctly different issues, and their reply times varied between one hour and eighteen hours. That’s pretty good. Their response content was very good as well. Nothing was canned, which is common when dealing with other companies over email.

As for the online chat feature, while putting this review together I noticed that Questrade had repeatedly repositioned their live help’s green Chat button. I figure it’s probably because they are still finalizing on the best placement for it. But nonetheless, their chat button tends to be conveniently a fixed overlay on the right corner of most pages. It’s operational from Monday to Friday (excluding holidays) from 8:00am – 8:00pm ET. When clicked it brings up a pop-up window.

After speaking with several online representatives — those who deal with potential new accounts and others who deal with existing accounts — I found them to be very well-informed, professional, and quick in their responses. They also took the extra time to provide external web links (those found outside the Questrade domain) for further reading which was a nice bonus. If the chat feature is unavailable (e. g., weekends, holidays, or outside service hours) you’re still able to leave a detailed message. When I tried this, I did receive a decent response when a representative returned.

For customer support over the phone, they are available Monday to Friday, 7:30am – 8:00pm ET. For forex trading, they are open much longer, including Sundays. When I did phone in, I found that they support English, French, and Mandarin languages. Coincidentally, being trilingual I was able to speak to representatives in all three languages. Hold times varied based on what I was calling about. During midday on a workweek I found the wait time for a new customer to be about one minute. When calling in as an existing customer, the wait time was much shorter. This may be coincidental, but I also found that using their live help was much quicker than calling into their offices. Overall, speaking over the phone with their different departments was a very relaxing and helpful experience. They know their stuff! And not once did I feel they were rushing to get the conversation ended quickly. It felt like I actually mattered.

Questrade has partnered with several financial service providers to help enhance your investment experience through third-party apps. Types of partner apps include trading platforms, stock pickers, performance recorders, statistics analyzers, portfolio monitors, etc. Once you grant permission to an app, it can access your account details (personal information is still kept private), retrieve market data, and assist you with placing trades through your Questrade brokerage account.

Granting permission to a third-party app is as simple as finding an app of interest within the App Hub library, clicking the Add to My Apps button, generating a special (and necessary) authorization token, downloading the associating partner’s app (and/or signing up for an account via their website), and then inputing your generated authorization token within the app.

The only apps authorized by Questrade are the ones listed in their library. If a third-party app is not listed there, then that specific app will not have access to your account. In other words, you cannot arbitrarily generate a generic authorization token for an unauthorized app.

Interestingly, you can create and register your own app and become a partner with Questrade. I will discuss this in more detail under the Developer Platform section of this review.

One strange quirk I did find, when you add a partner app it became difficult, if not impossible, to return to the App Hub library at a later time to add another app. Why Questrade didn’t add a navigable link back to the library on the My Apps page — if you’ve already added at least one app — is beyond me. Either this is an oversight, or a bug. I’ve reported this problem to them. Hopefully they fix it soon because the only way I could figure out how to return to the App Hub library was to remove all my apps. That’s very inconvenient. By the time you read this review it will probably already be fixed.

Beyond that little issue it was really fun and quite advantageous to have access to so many third-party apps.

Questrade’s security measures have improved dramatically over the years. They use an impressive 256-bit SSL class 3 extended validation for both logging in and trading. Extra security during the login process can be provided by enabling two-factor authentication. For those unfamiliar, two-factor authentication is an additional security layer which requires not just a username and password, but you must also use another device that you currently have in your possession — typically a phone — to input a special code shown on that device during the login process.

Questrade has an online security guarantee which insures investors against unauthorized transactions which result in a direct loss. This security guarantee, however, doesn’t extend to intruders breaching accounts on your end (i. e., browser vulnerability, PC/Mac infection). In other words, if there is fraudulent activity and it’s proven to be due to the negligence of Questrade they are in a position to cover your loss at 100%.

They are a CIPF (Canadian Investor Protection Fund) member, and so all Canadian investors are covered up to $1,000,000. They are also members of the IIROC (Investment Industry Regulatory Organization of Canada). For claims that exceed $1,000,000, Questrade offers extended private insurance up to $10 million. You will need to contact them directly by phone for more details in getting this extension set up correctly.

Other noteworthy features: When joining, you must provide at least two security questions and answers — one of which gets asked when you attempt to log into your account from an unrecognized device. Once signed into your account your last login information is prominently displayed at the top-right corner with the date, time, device used, browser user agent, and the operating system of who last accessed your account.

And lastly, a special appreciation goes out to the ability to set up a personal identification number (PIN) from your customer profile page. This PIN is optional, but is used to make it quicker to identify you when phoning in. You still have to provide other information about yourself when speaking to a representative, but the verification process is much quicker. I found this very handy, especially because I had to call in several times to better review their customer service.

Developer Platform.

Developers interested in writing their own applications or using tools from other third-party vendors can rejoice because Questrade has their own application programming interface (API). It’s free to use and can execute, modify, and cancel stock & option orders on Canadian and U. S. exchanges; retrieve balances, and positions as far back as sixteen months; and fetch delayed and real-time market data. Their SDK with sample code is available for download in C++ and C#.

After a quick glance over Questrade’s very clean online API operations documentation, within ten minutes I had created my first, fully functional application in Microsoft Visual Studio C#. It’s very easy to make an app! I also love how they give access to a practice server for testing applications on. And once I had fixed all my bugs, I then was able to switch over to the live server. Very smart!

Questrade implements Representational State Transfer (REST) for reading and writing data, and the OAuth 2.0 authorization framework for their security protocol. Everything communicates through HTTPS only. The great thing about using REST and OAuth is that development time is significantly reduced, as was evident by the time it took for me to make my first app, because they are widely used, simple to understand, standards for a lot of online development.

I noticed there is an option to partner with Questrade so that your application can extend beyond your app’s library, and be made available to every Questrade customer. I did not test this feature because my application was just a simple proof-of-concept for this review, but I did speak with a technician who told me that there is no cost when partnering. Your application goes through a thorough quality assurance review, and if they feel your app will enhance their customers’ experiences, they will happily add it into the App Hub. Please note, though, if you develop a trading platform where your users make trades within your app on the live server, then your users will still get charged the same commission fees that they would have paid if they were using one of Questrade’s standard trading platforms.

Conclusão.

My journey through the expansive financial world carved out by Questrade was a very enjoyable one. Although their list of achievements include free ETFs, very mature trading platforms, quality customer service, IPOs, and a comprehensive developer platform, their most impressive feature has to go to being able to execute trades as low as 1¢ per share (1¢ minimum for active traders; $4.95 minimum for non-active traders).

It has been decades now and Questrade continues to carry the honour of being Canada’s lowest cost discount brokerage company. Questrade’s low commission rate is so good it serves as an enticer to make more trades more often and not have to hesitate by attempting to time the market in hopes of lowering commission costs.

In MoneySense’s Canada’s Best Online Brokerages article, Questrade was top ranked as the best in terms of lowest fees and lowest commissions. They also received honourable mentions as the best in ease of use and overall independent broker.

I can’t think of anything negative to point out about this company. It’s very clear they want to be in this industry and stay as the market leader in Canada. When speaking to several of their representatives online and over the phone you could feel a strong sense of pride in their written words and spoken tone. There is clearly a strong and positive ecosystem in their workplace environment. The staff seem exceptionally knowledgeable when assisting, providing a fulfilling experience. This is a far cry from my past dealings with other brokerages and banks.

For most of my stock trading life I had been connected at the hip with my local bank. This was before I became more enlightened with better options that were out there. I’m sure this is the case for most people. Many of us usually get our first investment accounts at big banks (e. g., BMO InvestorLine, Scotia iTrade, RBC Direct Investing, TD Direct Investing) because of the ease to do so — we have our savings and chequing accounts with them already so it’s just logical to open a trading account there as well. Such conveniences, however, bring with it abuses by these banks onto their customers. And so it wasn’t until I became completely disillusioned by my bank’s high fees and endless shenanigans that I felt it was time to explore other financial outlets. And hence, here we are today and why I felt this ultimate Questrade review was a necessary obligation to write.

Should you join? Yes — a resounding YES! For someone like me, as a casual trader, who has experienced headaches with banks and other brokerage firms, it’s nice to finally find a good home at Questrade who doesn’t play games, nor charge exorbitant fees. Questrade fits my needs perfectly and helps unlock my potential as a growing investor.

Now I’d love to hear your opinion on Questrade. Leave a reply below, share this review, and rate them using the ratings gauge found at the very top of this page.

Editor Rating: 90% out of 100.

Readers Rating: 95 % out of 100 ( 2212 votes)

Perguntas frequentes (FAQ)

This review has been updated many times over the years and, during such time, many questions have been asked by my readers in the comments section. For your convenience, I have compiled the most asked questions, with their corresponding answers, below.

Why Questrade?

Lowest commission cost per equity trade in Canada. Commission-free ETF trades. No annual fees. Free $50 when using Questrade offer code: Canada Questrade will cover the transfer-out fee when moving your brokerage account to them. Full-featured tools and trading platforms available on all devices. Very responsive customer service. Even when using live online help. Hold dual-currency (CAD and USD) simultaneously within registered accounts (e. g., RRSP) without automatic conversions, nor fees.

Is Questrade good?

Sim! Questrade offers a remarkably rich tapestry of features well tailored for new investors and seasoned traders. They also have the lowest costs of any other brokerage house in Canada, by far. Over the years, they have routinely demonstrated their hypercompetitiveness in this crowded industry by endlessly releasing new products, updates, and exploring untapped avenues (e. g., IPOs).

Where can I get the Questrade offer code?

To get $50 free from Questrade, simply type the following Offer Code: Canada into the Offer Code input box during the sign-up process.

What is the best way to convert CAD/USD?

To elminate currency exchange fees almost entirely when converting CAD/USD, you will want to use Norbert’s Gambit. To do this, you will use tickers: DLR. TO and DLR. U.TO . The former deals in CAD currency, the latter in USD currency.

To convert from CAD to USD:

Buy shares of DLR. TO (currency will be in CAD) in the amount that you want to convert into USD cash. Get ahold of a Questrade rep via live help chat or on the phone. Tell the rep that you want to journal over all of your newly acquired DLR. TO shares to its USD equivalent side (i. e., DLR. U.TO). Your shares will now shift from DLR. TO to DLR. U.TO and be in USD currency. Sell all of your DLR. U.TO shares. You will now have USD cash.

To convert from USD to CAD:

Buy shares of DLR. U.TO (currency will be in USD) in the amount that you want to convert into CAD cash. Get ahold of a Questrade rep via live help chat or on the phone. Tell the rep that you want to journal over all of your newly acquired DLR. U.TO shares to its CAD equivalent side (i. e., DLR. TO). Your shares will now shift from DLR. U.TO to DLR. TO and be in CAD currency. Sell all of your DLR. TO shares. You will now have CAD cash.

The entire process can take up to 1-2 business days to complete. The full details of your conversion is recorded under myQuestrade’s Account Activity page.

Can I short sell?

Yes, you can short stocks in margin accounts. Registered accounts (e. g., RRSP), however, cannot short because of Canadian government regulations.

Do their platforms support Mac/Linux?

Yes, their trading platforms are available for Mac and Linux users. Questrade’s trading platforms are also available for Windows, iOS, and Android devices. For Linux users, Trading with Questrade, their responsive HTML browser-based web application, is what’s used.

My bank doesn’t accept Questrade account #s.

Most people will fund their Questrade accounts through their bank’s bill payment method. However, some banks still impose an eight character limit. You can get around this problem by using just the first eight digits of your ten digit Questrade account #.

How do I get trading reports before 2011?

If you have been a Questrade member before 2011, then you may have already discovered that their Trade Confirmations database, which claims to carry your trading details dating back to January 1st, 2009, in fact only rolls back to February 4th, 2011. Sadly, you may no longer have access to these older trading reports because Penson, Questrade’s old clearinghouse partner, who stockpiled these much older reports, has now shut its doors for good. When speaking with Questrade’s representatives, I got inconsistent answers on whether they still have these very old reports or not.

How do I stop paper-mailed investor documents?

Initially, shareholder communications (i. e., voting requests, annual meeting summaries, financial reports) are sent as paper mail to your physical address. For those who wish to save the environment by saving a few trees you can alternatively opt to receive these correspondence documents through electronic mail instead. A convenient free service called InvestorDelivery exists where you can set up to receive all of your investor correspondence electronically. InvestorDelivery requires a special ID that is stamped in the header region of each of your paper documents. So you’ll have to wait and receive a paper document of a security you own before you can switch over to its electronic alternative.

How do I avoid paying ECN Fees?

ECN fees are fees enforced onto Questrade by an external network that charges you for making a transaction which removes liquidity from the market (i. e., buying at the ask or selling at the bid). Questrade doesn’t make any money from ECN fees; they simply pass this collected fee to the designated network to execute your order. Although these fees translate to mere pennies, one can avoid paying them altogether by executing transactions as a limit (or stop) order at the bid/ask instead of as a market order request. For U. S. stocks you can also send orders to non-direct access ECN networks (i. e., LAMP, MNGD, or POST) to avoid these fees completely.

How do I avoid mutual fund trailer fees?

Questrade will rebate mutual fund trailer fees. They call this their Mutual Fund Maximizer . Trailer fees are commissions by fund management companies paid to brokerage houses for being the retailer that sold you your fund(s). This commission is an ongoing source of revenue for brokerages as long as you keep holding onto those fund(s). You don’t see this fee because it’s part of the MER of the fund. So, Questrade is willing to rebate this fee back to you every quarter. But there’s a catch. You need a minimum of $36,000 in mutual fund holdings to be eligible for this rebate. The reasoning is simple: There is a processing fee of $29.95/month. So, the rebates will start paying back if your mutual fund holdings is worth more than $36,000 (based on a 1% trailer fee).

What is the interest rate when buying on margin?

Most people will sign up for the standard margin account, which gives you access to borrow funds at an amount more than your current cash balance. This extended buying power ability is very useful and can come in handy when you need to jump on market opportunities. Assuming you’ve bought on margin and haven’t settled your stocks after three days of the purchase, the margin interest rate can be as low as prime + 2.5%, which is in-line with most brokerages.

What is Margin Power?

Margin Power is a free service by Questrade that allows you to link your existing TFSA account (held at Questrade) to your margin account. Doing so increases your buying power within your margin account by leveraging the assets you already own inside your TFSA, making it enormously convenient to enter new positions without requiring a transfer of new cash or selling existing securities.

How do I register for a DRIP?

A dividend reinvestment plan (DRIP), which is also known as a direct purchase plan (DPP), allows you to reinvest your stock’s dividend income automatically into the purchase of additional shares of that security without paying any trading commissions. To register for a DRIP, log into your Questrade account, navigate to Account Management > Find Forms , and download & fill out the one page PDF file: Dividend Reinvestment Plan (DRIP) Authorization . You’d then use Upload Documents to send your signed form to Questrade. It takes up-to 24 hours to process your request. If you ever sell off your security entirely, your DRIP will be canceled.

Replies to this Review.

One of the benefits of using other discount brokers is that they may be tied to your own accounts. For example TD CanadaTrust has a lot of customers and it is very easy to just ask them to link your investor account with your bank account (just a click of a button).

Yes there is the added fees but the convience is much better.

BoyMeetsGirl says:

For the longest time i use to think that the only way to make trades was to call a broker directly. And this was just 6-months ago i had conitnued to think this. I am so behind the times.

I was playing with Questrade trading platforms and i really like the direct send order for trades. Thanks for the questrade offer code. Me and my wife will be making ‘electronic’ trades from now on.

Armaan H. says:

The CAD dollar is relatively weak (historically) compared to the USD. Anyone know if it’s worth buying gold right now?

Clayton D says:

Robert you might want to read this questrade review in full. Although Americans aren’t allowed to join via the online process there seems to be a way to do so offline (you’d have to walk into their office). And there are certain restrictions. You seem better off to find a broker in your country.

Robert M. says:

Maybe i am missing something but as an American i cant figure out why we dont get $4.95 trades. Are Americans allowed to join Questrade? I am pretty sure Questrade is a Canadian company.

Eduardo says:

Managed investing looks interesting. Anyone here have that type of account and willing to give more details.

Braiden K. says:

I’m thinking to open a RRSP account with Questrade and want to ask them some questions before I make the move. Tried to use chat and got this message "Please note that we are currently experiencing higher than normal chat volumes. Please continue to hold and not cancel the chat while we try to connect you to an agent." It took 5 minutes to get help which is absolutely unacceptable. I understand it will be less speedy service with discount brokerage but I don’t expect that long. The rep said waiting this long is not normal though. Who knows!!

Chance says:

Helluva whale of a questrade review! Much obliged from a lonely boy in a dark basement.

Tad Jefferyes says:

Based on this questrade review and the screen captures i like the intuitiveness of Questrade’s user interface such as that shown in Account Activity. I am a small time trader and so i dont like to be bogged down by a lot of techno babble. That free $50 questrade promo offer code is very inticing, i am not going to lie.

Jayvon H. says:

The pictures are very helpful. I just wish their was a video of using the My Account panel that would be nice.

Zebadiah says:

I noticed recently their chat feature was very bad. I often waited for more than half hour, still nobody showed up. When I just opened my account, their service was pretty good. Anybody have the same experience?

Nansy says:

Questrade Review to the MAX! Muah! I love you. Was aimlessly looking for a quality written review on Questrade.

And thanks for the Questrade Offer Code. I will be sharing this with a few friends on Facebook.

Isai G. says:

Questrade does a smart thing. They understand that their are many out there that are interested in investing but aren’t very experienced — the new investors. By drawing them in with simple signup and trading at low prices it is too good a thing to pass up for many. If just a few of these small, infrequent investors become active traders they’d be making a killing.

Gilberto H. says:

That questrade promo code is going to get some serious use by me. Obrigado!

Howard says:

What i cant understand is why other online discount brokers dont compete directly with Questrade. Questrade’s prices are way cheaper than anyone i’ve ever been with.

Noah F. says:

This questrade review is insanely thorough! Fantastic work! Questrade must have given you a lot of unprecedented access to be able to cover so much.

Ervin Keck says:

I decided to check out their online chat and they seem well informed. I am a bit surprised about that and not simply cut/paste answers.

Wynter says:

I think Questrade’s image has changed considerably. They were once considered the scorn of the industry but i think over the years they’ve changed their tune and now seem to want to embrace their customers.

Richard W says:

I’m really liking what i am seeing/reading here. I’ve been with TD Direct Investing (formerly called TD Waterhouse) for about 20 years now but as of late they’ve been getting on my nerves and have been slowly looking to potentially shift to a new home for my trades.

Not sure if i will make the move yet or any time soon but i’ve bookmarked this incredible questrade review for later anaylsis. Job well done to you bunch.

Beverly says:

I attended one of Questrade’s learning centres to see what they were about here in Toronto. Eu realmente gostei. I am now more convinced i should join them. Thanks for the incredible effort in this Questrade Review. And the Questrade Offer Code will be of great use when i join soon.

Benny Ackerman says:

Good point about the security thing. I notice a lot of financial instutions are now incorporating the image captcha thing you describe.

Dijon Woldring says:

Wow, i am liking the new Questrade look! I hear CP is going to be creating a separate new review of another aspect of the Questrade experience.

I think i must be the biggest doosh on the planet because prior to reading this questrade review i had never heard of questrade before. How uninformed am i? And yes, for the record, i have been living under a rock.

Arden Speagh says:

Ok so that i have things straight: it’s 1 cent per share but one is charged a minimum of $4.95 to make a trade. However i can buy/sell as many shares that i want which will at the most cost me $9.95 to make such a massive trade. Muito interessante.

NewTrader says:

Just opened my Questrade account and got confirmation that i can begin trading today. Had to stop by and say thank you very much for this wonderful Questrade review and Questrade offer code. It’s been a very big help!

Gerardo N says:

This is my second time reading this review. I didnt realize there were Questrade developer tools too. Good review.

Conner K. says:

Someone put a lot of love into this Questrade review that is for sure. I don’t think i have ever seen a review quite like this before. Fantastic and very comprehensive.

Harley says:

Thanks for the US information (eft) you bring up in this review. I was actually wondering this.

Gage B. says:

Still not sure if i should make the big switch. I’ve been a happy customer with IB for 5 years. This review does make it enticing though.

Anita Pierce says:

Just forwarded this questrade review to a few buddies of mine thinking of getting into stock trading now that we have graduated. I hope you write more reviews on other discount brokers in the future. It would be very handy.

Lukas says:

The questrade offer code in this questrade review works! Thanks for the $50 in free trades.

I’m interested in the tfsa account. But wondering about how the losses and gains apply. I will have to read up.

Mathias B says:

$4.95? That’s gotta be a typo. I ended up having to check their site to verify this. RI MUITO! Never heard of them until today. Thanks for the writeup.

Ariel Vancil says:

LOL is there an abreviated version of this Questrade review? I am a really slow and lazy reader. Good stuff though!

Unknown H says:

I remember when there was just E-trade. Now there are a ton of online brokers that make it possible for such great deals!

Paxton V. says:

Basically i am looking to do low volume trading now that me and my family have some disposable cash to see how things go.

This Questrade lot looks promising and so this along with the questrade offer code in this review might be what i was looking for.

Salvador says:

Questrade is going to be implementing a new security feature for the login process that will include a user-selected image that you must confirm along with one or more security questions. Was reading this the other day. I think it comes out some time this year.

I can confirm that my account was fully open and reading for trading in about 2 business days. Really quick. I was actually expecting it would take longer. This Questrade review has been very helpful.

Ricardo Bjorkman says:

Thanks for pointing out the CIPF mention. I was starting to wonder about that as i went through this review.

Darron M says:

Awesome review! The promo code was handy! So big hey to all y’all!

Yohan says:

Excellent writeup for this questrade review. My wife and I were having troubles trying to decide which discount broker to join with because we were thinking of just making it easy on ourselves and just sticking with the one that is offered at our local bank. Based on what we’re reading we just may go with Questrade after all.

Thanks very much for the excellent effort.

Forrest Dice says:

You’ve got me sitting on top of the clouds now that i’ve finally found a questrade offer code (or is it a promo code) that i can use. Much appreesh!

goodie2shoe! says:

From my experience most of the negative reviews about Questrade in the past were due to problems that Questrade DID have. I have been with them for many years and have experienced most of them but they are gone now. Although i wish they were faster at resolving them they do get to it eventually. Por enquanto, tudo bem.

Robbie says:

What surprises me most is that there is no clear competitor to Questrade. Everyone else is charging an arm and a leg and so it baffles me as to why Questrade is offering their service for so cheap.

Norberto says:

Just learned from this questrade review they’ve been around for 20 years! Time flies! I feel old and still living at home in my mom’s basement 🙁

Jean G. says:

Questrade as a whole is pretty good but their research tool, although acceptable, still needs improvements. I was using it the other day trying to search a symbol and it couldnt find it. I had to call in. It’s possible i had to postfix the. to part but it should have assumed i was referring to a tsx ticker.

Dale F. says:

Nice tip on doing a limit order to avoid the pesky ECN fees entirely. That has to be the first time i have ever heard that advice. I am loving this Questrade Review each time i read it. I will be joining questrade in a few days when i have $1,000 available to make my initial deposit. I’ve saved that questrade promo code too so thanks in advance!

Jamari says:

If you open an account you have up to 6-months to fund and send remaining documents before Questrade considers it abandoned and deletes the account. They will email and try to contact you via phone and mail to remind you throughout. I found this out from a buddy who signed up but left to Japan and his partner kept being contacted by Questrade about the unfinished opening.

BarbaraSweet says:

Eek, i didnt know they changed their account # format. I’ve been a Questrade member for years now. Didnt get an email about all this. Yikes! Glad i dropped by. I was actually looking for a Questrade Review for my neice.

Brice Vergenson says:

How long does it take to offically open an account from start to finish?

Irwin says:

Beck says buy gold! Maybe i’m gullable but its good to know Questrade offers this.

Stefano says:

Hey this Questrade Review has been updated again! That’s pretty cool! And i see Questrade has really revamped their entire look based on your screen captures. Their new look is much better.

Kamari C says:

The cost for International Stocks @ 1% is a really good bargain. Now you’ve got my full attention with Quesrade. Incredible work on this questrade review. That $50 questrade offer code might be what pulls me in.

Macey Soya says:

Oh so they also offer TFSA accounts too. That’s very interesting! I’ve been neglecting to use my tfsa contribution limit since its inception back in 2009. I am strongly considering opening a Questrade tfsa. Will have to read more though.

Equitizer says:

Yup, been with Questrade back in 1999. They’ve had their hiccups but they’ve been moving in the right direction over the past 10 years.

Chant Penrod says:

Finally stumbled onto a REAL Questrade review! Now i can finally decide who i should go with. I’ve been leaning towards my bank’s investor service simply because that is where my personal accounts are but after reading this i am really giving it second thoughts.

Julien says:

Credential Direct? Nunca ouvi falar deles. Just checked their site. You made a good choice!

Dusty says:

Geezus at $4.95/$9.95 one can’t help but wonder how low can this whole thing go? If Questrade is still able to make a sizeable profit and be such a disruptive force in trading then why hasn’t anyone else done this? Thanks for the questrade promo code!

Dyllan says:

@Felix – you raise a very good point. I too was ALWAYS thinking about commission costs before doing an actual trade. I lost a plenty of opportunities because of that. Now i never do that.

Mandy says:

Nice touch with the mention of the Investor Delivery option in this Questrade Review. Personally, i have been complaining about constantly getting this material in the mail all the time wishing there was a bloody way to get it electronically. Now i have my solution. Big moi, to you folks!

Felix says:

I switched from Credential Direct to Questrade in Dec 2010. At first I found the Questrade interface to be confusing compared to CD, but once I got used to it it was easy to navigate and make trades. The Questrade interface is good and their prices are even better. Before, I would strongly consider the commission costs before making a trade. Now, the trading costs are almost negligible! I highly recommend if you want a no hassle trading platform with low fees.

Donnell says:

Thank god for Questrade! I had been getting robbed with itrade for years. My significant other and i are planning on joining Questrade soon.

Conor says:

Great Questrade Review. I added the link to my site. Easily the de facto review for this discount broker. Obrigado por compartilhar.

Marquise Risser says:

Just wanted to say big thank you for the $50 questrade promo offer code!

Fynn S says:

If you have proof of a Canadian residency (you will likely need to go into their offices to provide this proof — i could be wrong and you may just can register online) then you may be able to open an account.

Rocco Daniels says:

I’m a US resident..i guess i wont be allowed to open an account?

Darell says:

@allen i hear ya. I honestly think this will teach you more about Questrade than what Questrade even knows about. lol.

allen says:

Seriously, how in the heck were you able to put such a really detailed questrade review like this? I’m actually still reading through it 24 hours later. This is not knocking you guys on it just more in awe at the depth to it.

Advice to anyone new to stock equity investing: Do your homework. If you are just following the herd you will invariably always lose your money in the end. The more you know, the better you perform.

Elias Osburn says:

Thank you for the quality work in this questrade review. And thank you for the questrade offer code.

Taurean McCabe says:

Just went through pretty much every discount broker in Canada. Gotta say, Questrade is looking very promising!

Fredrick Landau says:

This Questrade Review has been a big time life saver. I was getting lost in a deluge of information and wasnt quite sure what to do. I’ve bookmarked and emailed this link to a few friends of mine in the same boat.

Cody Byram says:

When are we going to be able to trade social predictions like what is done on sites like the now defunct intrade? I am terrible at stock trades but pretty awesome at predicting the future in social events.

Nikola Pierpoint says:

1 share. Doesnt seem worth it. I guess if the stock is Berkshire Hathaway (NYSE: BRK. A and BRK. B) it would make sense. Yes the comission charge will be a $4.95. That is the minimum fee Questrade charges.

Brendon Cowen says:

So far so good with Questrade. I joined last week and everything seems to be running smoothly. I am still wrapping my head around the Trade platform because i am such a n00b in trading. lol. I know i can go to IQ but i prefer the other one since its more my tea.

Anyway, thanks for the fantastic questrade review. I had to return to let everyone know i’m having a good time with the experience.

trigger_happy says:

Hey man thanks for the Questrade offer code! Was creating a new account now and figured I should find it and get a great deal just for opening.

Romeo S. says:

I am totally new to this stock trading thing. Is it possible to just buy 1 share of a company? Will this cost me $4.95 for just the one share?

Malaya Holt says:

Questrade with live quote streaming seems like an interesting path. I might join in a few weeks. obrigado.

Camden Gerkin says:

I’ve never done stock trading before but am interested in starting. This might seem to be a perfect fit after reading this questrade review and going over the details with one of their reps.

Thank you for writing this. It’s been a really big help for me.

Giovanny Dela Beals says:

Was thinking of wiring the money into my account since my bank doesnt charge me a fee for wire transfers. As far as i can tell Questrade doesnt charge a wire transfer fee on deposits. It’s only when you withdrawal that they will charge a standard wire transfer fee. That’s pretty good.

RedRum says:

Woohoo! I was looking for a Questrade Offer Code and this Questrade Review hit the spot! Thanks and Questrade’s just got itself a new member!

Karl Van Deusen says:

Thanks for the pointer on the chat link. Didn’t realize they are open from 7:30a to 10:30p each day (East Coast).

Eoin P. says:

My husband was talking about joining and was hunting around for the perfect questrade review for him. Just wanted to say thank you for saving me a lot of research time.

Deven Butterfield says:

@Cobra, yes you can do online banking and put the money directly into your account. Once finished signing up they give you an account # (emailed too). Just set up to Pay a Bill while logged into your bank and choose Questrade. Paying a bill to Questrade is like depositing money into your account.

Cobra Commander says:

Can i fund my account through online banking or must i send them a cheque and wait for who knows how long before it arrives then clears?

Evelyn says:

This has got to be the most detailed Questrade review out there! You guys deserve an Oscar or something. I am still going thru it and i think it will take me all week. lol.

Warren T. says:

So cheap price ($4.95-$9.95), quick joining, user-friendly layout. It seems like a perfect fit for me.

I am only 19 but am starting to become interested in all this. Questrade seems like a good springboard for me.

Much appreciated with this Questrade review and the questrade offer code. The free $50 will encourage me to make more trades and not just sit around double thinking things through. lol.

Alfredo O. says:

giggles, i doubt it. I think you would have to close the entire account and create a new one. At least that is what i had to do with my broker prior to joining questrade. All banks are the same way so i figure discount brokers will be the same.

Mr. Giggles says:

Anyone know if i created a joint account could i have the other person removed if need be in the future?

Landen Leeka says:

I’ve just linked to this Questrade review on my site. Way too useful.

Mandy says:

Wow how Questrade has changed. I remember when they first started out some 15 years ago. Even there Questrade Account page has changed dramatically from the pictures you show above. I haven’t done trading in years. I just might jump in again and test things out.

FunTimes says:

Just joined Questrade. Had to say Thank You for a great Questrade Review and thank you again for the Questrade Offer Code. I’ve also passed this along to my sister and my brother who are starting to get interested in trading too.

Larry Chastain says:

Awesome inclusion of their Forex platform images. Shame not too many people are into forex trading tho.

MissPiggy says:

Hey this review has been updated!! Decided to check back on this questrade review after signing up way back. Great to see its keeping up with all of whats happening.

Jerry H. says:

Thanks for the info on IQ Edge. I didnt realize i could download a live demo and have a look around. It’s very handy!

Durrell says:

xe doesnt offer the lowest spread any more. And besides the fee to make the transfer will eat into your original savings. But then maybe you make gigantic conversions at a time.

Deron says:

Nice touch to add the FAQ at the bottom of this questrade review. Makes it much easier.

There’s the Questrade Offer Code i was looking for! Thanks bud! I am signing up right now and was hoping to find a code to enter.

Dejon H. says:

to the dude about exchanging funds. Why not use XE and then wire the money into your Questrade account? I’ve been using XE for years.

Brogan A says:

I became annoyed with Scotia iTrade (formerly eTrade). Totally bloated and became frustrating. Ok, so when i try to move cash between accounts why must i fill in a request form and wait instead of just point and clicking..ugh!! And blah, blah..sorry for the rant. I might give Questrade a try. This review seems genuine and its really appreciated.

Looks like Questrade has changed their Sign up process and the above pictures need updating. Great questrade review nonetheless. Excelente artigo!

Update: Wow you guys are quick. Thanks for updating the snapshots 🙂

Isaias says:

Interestingly Questrade’s rrsp and tfsa accounts charge a low conversion. So if you’re into going with an RRSP or TFSA account you are set.

Btw, to the person mentioning Interactive Brokers lets not forget that IB also charges an arm and a leg with all kind of fees. Unless you are an active trader you are not advised to go with them.

Louie W says:

Great screen grabs for this questrade review. I tend to be the type that needs an extension analysis with pictures before i can make up my mind. I’ve bookmarked this review so when i do join i also know where to come for the questrade offer code referral ;P.

Yorick says:

@teddy: IB is still the best for currency exchange. Big bank rates are horrible. Quest trade seems to be the best for everything else.

Dakota L. says:

$4.95 is rediculously cheap and too good an offer to pass. Thanks for the great questrade review.

Damian Bjorkman says:

ted: you should be able to save some but be careful if you’ve never had prior experience with Forex trading.

teddy says:

Was wondering if subscribing to Questrade Forex in order to exchange currency is possible (CAD to USD) and saves money comparing to other fees?

Erin Reece says:

My girlfriend and I are thinking about starting a joint account. Just found this questrade review and sending it to her now to read. It’s amazing! Thanks for the writing!

Winter L says:

LOL i was going to ask the same thing about the questrade offer code. Thanks for reading my mind! And incredible work on this questrade review!

Danilo C says:

For penny stocks this no-conditions flat rate is something I really important to me.

Cason J. says:

So what’s the catch? They sound too good to be true.

Vaile Solomon says:

Huge thank you for this great questrade review! You answered some of my questions i couldnt find anywhere else.

Johnathon says:

Not sure if people are aware but Questrade has this thing called Market Research Tools for members.

Its a pretty cool stock research tool for charting, analysis, webinars, and real-time news. Been begging Questrade to get something like this for years so its nice to see their talks with Global Investor paid off.

Brendan P says:

The questrade offer code applies only to actual stocks. It says under its details page. I too was originally thinking i could probably use it to buy some bonds.

Leland Woodworth says:

Interactive Brokers have been pissing me off as of late and i think i might go this route. Good review. Your pictures helped give me some confidence in who i should go with.

Greggory Vanderhoof says:

This questrade review is really detailed. I ended up having to come back a 3rd time to finish it. A lot of invaluable information.

Greyson Lembert says:

@todd where is this g&m writeup at (link)?

Jamin D says:

Wow laura you must be a rollin’ in it. I dont even make enough in the year to even qualify for the questrade maximizer mutual funds 🙁 Ah well, i can always dream.

00invest says:

Been with them for 4 years. Just had to stop in to read another’s pov. I think this questrade review nails it.

Hello from Ontario.

Garett F says:

Does this questrade offer code shown above work for forex accounts or just standard margin stock accounts?

Revisões do corretor de Forex.

Nem mesmo as lendas do calibre de Larry Williams ou Martin Schwartz terão muita sorte na troca de moeda se o corretor não estiver disposto a cooperar - ele tem um papel decisivo na determinação do tipo de experiência que você terá como trader de forex. A falta de regras e precedentes claros cria grandes oportunidades, mas também enormes riscos para os despreparados.

Mas não há sempre dois lados para uma história? Para ajudar nossos visitantes a evitar o lado negro do forex, examinamos cuidadosamente as melhores ofertas no setor de corretagem on-line e preparamos uma seleção de alguns dos corretores mais conceituados e eficientes para seu benefício exclusivo. Se você tem planos para explorar o excitante mundo da troca de moeda, temos a certeza de que você encontrará na nossa lista um guia inestimável no mundo lotado e às vezes obscuro dos corretores de forex. Recomendamos que você leia as páginas de revisão de nossos corretores listados para comentários de usuários, por exemplo Etoro ou Plus500 revisa a página com tópicos de comentários e continua a contar. comentários.

Regulado por CySEC & amp; FSB Mais de 400k Contas Registradas Mais de 250 Instrumentos de Negociação Plataformas MT4, MT5 e Web Trader Modelo completo de Negociação ECN.

CySEC, DFSA, FCA, FSB, SIA MetaTrader4 regulamentado, MetaTrader5, cTrader, FxPro SuperTrader.

Depósito Mínimo $ 200 Plataforma de Negociação Social FCA, NFA, CySEC Regulamentado.

Depósito Mínimo $ 200 FSC, CIMA, ASIC, CySEC, BaFIN Regulado.

A FCA regulamentou a plataforma de negociação de múltiplos ativos sem prazo para contas de demonstração.

Depósito Mínimo $ 100 Alavancagem 400: 1 Gerente de Conta Dedicado.

Autorizado e Regulamentado pelos serviços FCA, ASIC, FSB, CySEC STP / ECN, assegure que não haja derrapagens ou re-cotações - escalpelamento permitido; Spreads ECN Real Raw, 0,2 EUR / USD 1 Milhões de GBP de seguro pela Lloyds of London.

Autorizado e regulado pela FCA e CySEC 43 pares de moedas 0,4 pips EURUSD Spread.

Líder de Mercado Global Confiável Online FX & amp; Negociação com CFDs 180+ Mercados Globais, 84 pares FX, 65 ações, 17 índices populares e mais Forex, Índices, Commodities, Equities & amp; Bitcoin.

Depósito Mínimo $ 5 Até 1: 500 de alavancagem com micro lotes (tamanho 0,01) disponíveis para todos Escalpelamento, cobertura, negociação nas notícias e EAs são permitidos na OctaFX.

CySEC, FCA Regulado MT4, MT5, Plataforma WebTrader $ 30 + Bônus de Depósito até $ 5.000 (aplicar t)

CySEC, FSB Plataforma MetaTrader4 regulamentada Cartão de débito proprietário para aplicações de retirada rápida!

CySEC, Plataforma de Negociação Proprietária de Mercados Regulados do FSB.

Nenhum depósito mínimo FCA & amp; ASIC Autorizado e Regulado Fundada em 1996 com sede em Toronto, CA.

Seu capital está em risco. Perdas podem exceder o investimento. Alavancagem de negociação é de alto risco e não para todos.

$ 200 min. De depósito FCA & amp; ASIC Autorizado e Regulamentado Corretor australiano bem estabelecido.

O FCA Regulated City Index está bem estabelecido e é um corretor forex de confiança.

FCA, ASIC & amp; O CySEC Regulated FXGiants possui uma interface proprietária para tornar seu processo de financiamento de contas mais fácil, rápido e seguro.

CySEC Regulated Cobre mais de 50 pares de moedas.

Bem Estabelecido Mais de 700 Funcionários CySEC Regulados.

Bem estabelecido CySEC Regulado.

Regulado pela CySEC Trading Academy, inclui amplo suporte para todos os níveis de traders, desde vídeos básicos de treinamento até discussões sobre estratégias avançadas de negociação;

FCA, BaFin, CMB & amp; KNF Regulamentado Bem estabelecido.

FSB Regulated MetaTrader4 & amp; Plataformas Sirix.

Depósito Mínimo US $ 100 Alavancagem Até 500: 1 As contas podem ser individuais, conjuntas ou corporativas, com opções de preços tradicionais ou do tipo ECN;

Pares de Forex e negociação de CFD O Tight se espalha a até 1.2 pips Mais de 130 ativos: pares de Forex (83), Índices (23); Commodities (18); e Treasuries (7)

O CySEC regulamentou spreads apertados de apenas 0,2 pips. Bom suporte para iniciantes.

Regulado pelo CySEC O depósito mínimo é de $ 100 mais de 367 opções de ativos.

CySEC & amp; Clientes regulados pelo ASIC podem negociar moedas, metais, energia e commodities agrícolas, Índices e Opções 50% FTD Bonus! (apenas operadores não pertencentes à UE)

A FCA regulamentou a plataforma de negociação social CopyMaster.

Contas PAMM ASIC Reguladas Disponíveis para Suporte a Gráficos de Telefone e Live.

Regulado pela CySEC “Sem execução de mesa de negociação, sem derrapagens, sem atrasos” “Suporte de negociação e gerenciamento de contas para traders com diferentes níveis de experiência”

Regulado por CySEC, BaFin, FCA, ACP e Bônus MiFID: cashback de $ 4 por lote negociado até o final do ano.

Regulado por ASIC & amp; O depósito mínimo da FCA é de US $ 250. As opções de ativos incluem pares de moeda estrangeira (35) e CFDs (10 índices, 2 metais, 2 de petróleo e o índice VIX e USD).

MFSA regulamentado Depósito mínimo $ 100 Sem comissões extras.

O escorregamento de ordem nas perdas de parada é geralmente mínimo, regulado por CySEC.

Nenhum depósito mínimo Fundado em 1996 e sediado em Londres; E-mails diários com comentários e análises do mercado permitem que você inicie cada dia de negociação;

A conformidade regulatória está sob os auspícios da FCA no Reino Unido, da SFC em Hong Kong, da DFSA em Dubai e da MiFID da União Européia. Bônus de Boas-vindas de até US $ 5.000,00 (aplicar T & amp; C)

ASIC regulamentado Depósito mínimo $ 100 Pedidos de levantamento aprovados dentro de 24 horas.

* A corretora oferece spreads variáveis ​​sujeitos a condições de mercado flutuantes. Spreads tendem a ser apertados durante tempos de liquidez profunda, mas também podem aumentar significativamente durante períodos de baixa liquidez.

Encontrando o melhor corretor de Forex - FAQ.

Encontrar o melhor corretor de forex para suas necessidades leva alguma pesquisa. Centenas de corretoras on-line agora competem por sua conta, então existem muitas opções para escolher. Confira nossa lista recomendada acima, ou leia nosso FAQ abaixo com excelentes pontos a serem considerados antes de escolher seu corretor, ou veja este extenso guia de cinco etapas sobre como escolher um corretor forex.

Encontrar o melhor corretor forex que tenha uma capacidade de execução rápida, uma plataforma de negociação confiável e que pode ser confiável com o depósito da sua conta pode ser a primeira coisa que você vai querer se assegurar. Outros adoçantes podem incluir bônus de abertura de conta e outros recursos, como comércio móvel e alertas do mercado de SMS.

Basicamente, você quer um corretor de forex você pode confiar para lidar com seu dinheiro e seus negócios para que você possa continuar com o negócio de negociação forex sem preocupações. De qualquer forma, para tornar o processo de encontrar um corretor mais simples, a lista acima cobre a maioria dos principais pontos de comparação entre os corretores forex para que você possa estar melhor preparado para uma pesquisa bem-sucedida.

No final desta página, você encontrará muitos outros corretores que não fizeram parte da lista principal, você ainda pode ler nossos comentários sobre eles e dar seus comentários sobre eles ou compartilhar sua experiência com eles.

Mas primeiro vamos passar por alguns dos critérios e recursos que você deve procurar ao procurar o melhor corretor de forex para você.

Regulamento.

Os corretores de forex on-line mais respeitáveis ​​passam a se submeter à regulamentação por uma das principais agências reguladoras financeiras que operam em seu país de origem. Às vezes, eles serão regulados por mais de uma agência. Esse regulamento oferece a segurança de saber que as operações do corretor estão sendo supervisionadas por uma autoridade independente com o objetivo de manter os negócios honestos.

Existe um benefício para onde um corretor está localizado?

A localização pode fazer uma grande diferença, especialmente se o regime regulatório do país for o topo da linha. O local mais vantajoso tem que ser reservado para os corretores do Reino Unido, uma vez que Londres é o centro do negócio de câmbio.

Forex Trading no Reino Unido.

No início do século passado, quase 50% das divisas do mundo foram conduzidas usando a libra esterlina. Hoje, o volume diário de negócios forex no mercado de Londres representa 41% do mundo, mais que o dobro dos Estados Unidos, com 19%. If you choose a reputable UK broker, then you can be assured that the firm can draw upon a broad pool of experienced and professional staff in the UK.

Do ponto de vista regulamentar, os corretores de forex do Reino Unido também devem cumprir com um dos órgãos reguladores mais rígidos em torno, a Financial Conduct Authority (FCA). Mais uma vez, o grupo de funcionários do Reino Unido será muito consciente das melhores práticas de negócios e questões de conformidade relacionadas, outra razão para escolher um corretor do Reino Unido, se possível. É preciso, no entanto, ser diligente ao escolher um corretor que alega ter escritórios em Londres, já que o aspecto de marketing desse local fez com que muitos corretores no exterior configurassem uma presença "shell" no Reino Unido para ganhar sua confiança, mas sem os benefícios listados acima. Se você preferir um corretor do Reino Unido, certifique-se de que eles estejam sediados em Londres e tenham uma presença significativa lá.

Segurança de dados.

Quando você entra ou armazena informações pessoais vitais on-line, pode estar sujeito a cair em mãos hostis que podem usá-las para seu ganho pessoal. Da mesma forma, uma das principais prioridades ao escolher um corretor é que eles criptografam todos os dados inseridos em formulários on-line usando a criptografia SSL padrão do setor ou melhor.

Outra questão fundamental envolve o armazenamento seguro de dados para que não seja perdido em caso de desastre. Muitos corretores de forex on-line usam farms de dados duplicados com alta segurança para garantir a segurança das informações da sua conta.

Lidando com Spreads.

Muitas estratégias de negociação do dia tornam-se mal sucedidas a longo prazo se a sua conta não tiver acesso a spreads de negociação competitivos. O spread é simplesmente a diferença entre o preço de oferta e o preço de oferta para um determinado par de moedas e não deve ser maior do que cinco pips nos principais e principais cruzamentos, com spreads mais amplos frequentemente vistos nos cruzamentos menores e nas moedas exóticas.

Comissões e Honorários.

Às vezes, os corretores não se contentam apenas em ter você lidando com seus spreads. Nesse caso, eles podem cobrar uma comissão ou taxa por cada transação. Às vezes, eles são calculados por transação ou volume. Taxas adicionais podem envolver a realização de saques ou depósitos, portanto, verifique essas informações para minimizar os custos de transação.

Tipos de Pedidos

A maioria dos corretores de forex lidam com o mercado básico, param e limitam os tipos de pedidos. No entanto, alguns corretores também oferecem suporte para OCO (one cancell-the-other) e trailing stops. Se qualquer um desses tipos de pedidos mais especializados for adequado para o seu plano de negociação, certifique-se de que o corretor escolhido os apóie e certifique-se de entender completamente a limitação desses diferentes tipos de pedidos.

Pares De Moeda.

Uma vez que mais pares de moedas geralmente significam mais oportunidades de lucro, você deve certificar-se de que seus corretores de forex ofereçam todos os pares que você possa estar interessado em negociar. Alguns traders também gostam de ter acesso a metais preciosos como ouro e prata, além do petróleo, especialmente se estiverem negociando moedas de commodities como o AUD e o CAD, cujas taxas de câmbio podem depender das flutuações nos preços das commodities.

Deposito requerido.

A menos que você esteja apenas interessado em abrir uma conta de demonstração ou prática com o corretor forex, eles normalmente exigirão um depósito mínimo a ser feito para você começar a negociar forex. Muitas vezes, quanto mais dinheiro você deposita, mais recursos você tem acesso ou mais apertados se tornam seus spreads de negociação. Certifique-se de que você pesquisa o corretor completamente antes de enviar um depósito.

Tipos de conta.

Os tipos de contas variam consideravelmente entre corretores, mas a maioria oferece contas de demonstração para negociação prática, mini contas para novos operadores com um depósito inicial mínimo baixo, contas padrão para operadores mais experientes com um depósito moderado e, finalmente, contas VIP para depósitos iniciais maiores.

Além disso, os recursos oferecidos com cada tipo de conta variam bastante entre os vários corretores de forex, por isso certifique-se de ver qual corretor respeitável oferecerá o melhor negócio para o depósito inicial que você tem disponível para você.

Alavancagem refere-se a quanto de uma posição você pode controlar com uma certa quantidade de fundos alocados a ela. Corretores de Forex atualmente oferecem taxas de alavancagem de até 500 para 1. O que isto significa é que você pode controlar uma posição de negociação de US $ 50.000 com apenas US $ 100 alocados de sua carteira. Nos EUA, a alavancagem máxima é de 50: 1 para maiores e de 20: 1 para menores.

Naturalmente, ampliar seu risco usando alavancagem pode resultar em ganhos maiores, bem como maiores perdas, portanto, certifique-se de usar a alavancagem de forma inteligente e evite negociar além de suas possibilidades.

Requisitos de Margem.

Embora as transações forex sejam trocas e não aquisições de um ativo como uma ação ou commodity, quando a taxa de câmbio se move, ela cria um risco de crédito para a contraparte, mostrando um ganho na transação. Como resultado, a maioria dos corretores de forex exige que seus clientes coloquem uma certa quantia de fundos em depósito para cobrir tais perdas potenciais. Isso é conhecido como o requisito de margem do corretor.

Como os requisitos de margem variam entre os corretores, convém garantir que o corretor escolhido tenha diretrizes com as quais possa conviver. Além disso, alguns corretores fecham automaticamente posições de negociação quando o valor da margem na sua conta é excedido por perdas de negociação, ou de acordo com outros critérios, portanto, certifique-se de compreender as implicações de tais políticas para o seu negócio de negociação.

Plataformas de Negociação.

A maioria dos melhores corretores de forex oferece suas próprias plataformas de negociação proprietárias para você usar para executar transações de forex e acompanhar o mercado. Eles geralmente tomam a forma de plataformas baseadas na web que usam o acesso através do seu navegador da Internet ou plataformas do lado do cliente que você baixa, instala e executa em seu computador pessoal.

Além disso, alguns corretores suportam plataformas de negociação independentes, como a popular plataforma MetaTrader 4, que pode ser obtida gratuitamente e para a qual muitos robôs comerciais de forex são projetados.

Negociação Móvel.

Alguns comerciantes forex exigem a conveniência de negociar e manter contato com o mercado forex através de seu telefone celular ou outro dispositivo móvel. Muitos corretores fornecem tais serviços, portanto, se isso for importante para você, confira o que cada corretor oferece a esse respeito e se o software deles funcionará com o seu dispositivo.

Negociação Algorítmica.

Comerciantes Forex cada vez mais desejam automatizar seus planos de negociação ou algoritmos para liberar seu tempo para outros empreendimentos. Eles costumam fazer isso usando uma linguagem de programação para anotar seu processo de decisão em um formato algorítmico que pode ser executado automaticamente por plataformas de negociação forex que suportam esse recurso.

Se você acha que pode querer automatizar seu plano de negociação, verifique com corretores que você está considerando para ver se eles suportam esse tipo de negociação e como eles fazem isso.

Alertas de mercado.

Muitos corretores oferecem SMS ou outros tipos de alertas de mercado para seus clientes. Se você acha que isso pode ser importante para o seu negócio comercial, procure por esse recurso.

Aqueles que são novos na negociação forex desejarão ter melhor acesso a suporte a transações e suporte técnico. Veja quais serviços cada corretor sob consideração fornece e se será suficiente para seus propósitos.

Recursos de Informação.

Comerciantes mais novos, muitas vezes exigem materiais educativos sobre o mercado forex e negociação em geral para começar a negociação forex com o pé direito. Se isso for importante para você, pesquise o que os corretores que você está considerando têm a oferecer a esse respeito.

Além disso, muitos corretores fornecem feeds de notícias sofisticados, como a Reuters, por exemplo, bem como comentários de mercado proprietários e outras informações oportunas.

Acesso à mesa de negociação.

Alguns comerciantes gostam de falar com um revendedor ou consultor pessoal no corretor, a fim de obter informações e conselhos sobre o mercado interno. Outros gostam de poder fazer transações pelo telefone em um piscar de olhos. Se qualquer uma dessas opções fizer sentido para você, informe-se com seus corretores em potencial se o acesso à mesa estará disponível para alguém com o seu depósito inicial antecipado.

Leia nossas análises de mais corretores de forex que não fizeram nossa lista top acima:

Por favor, dê-nos a sua opinião sobre estes corretores do forex e outros abaixo.

Trusted Brokers and Services for Forex and CFD Day Traders (and How to Make the Best Use of Them)

Welcome to our Forex white-list, where we provide information on a range of issues regarding profitable Forex trading. We discuss verified investment services, we review brokerages, and we show you how to find regulated brokers. We pick out the best signal services, the top regulated brokers and we deliver tips on how you can make the most of your time/investment when trading Forex.

Forex education is extremely important. The more time traders dedicate to studying and practicing various analysis methods and trading strategies, the more likely they are to become profitable. The sheer volume of information one is required to essentially master, can be quite intimidating. Learning to properly read graphs, doing market research and analysis, and locating regulated brokers who offer good trading conditions and are generally liked by the public, should all be covered, and we haven’t even begun to scratch the surface.

Long story short: Forex trading can grow rather overwhelming for beginners very quickly. Hopefully, our guide will help you overcome that, while setting you on the right track to profitability.

The Best Forex and CFDs Brokers Selected by Our Experts.

If you’re interested in becoming a Forex/CFD day trader, you need to set up shop with a legitimate, regulated and legally operating brokerage. By doing that, you will gain certain protections regarding your funds and the withdrawals you will hopefully make someday.

24opção & # 8211; Regulated in Europe, the UK and Belize.

24option is also available as one of the supported regulated brokers with FXMasterBot!

eToro & # 8211; Regulated in Europe and the UK.

eToro provides a social trading platform! Learn more in our eToro review.

Pepperstone & # 8211; Regulated in Australia and the UK.

Do not hesitate to leave a comment below, letting us know exactly what you’re looking for, and we will give you a personalized recommendation.

Only Trade with the Best Regulated Forex Brokers.

Having learned of Forex/CFD trading through ads – which often paint an unrealistic picture of the industry – many beginners start out expecting to make it big in an unreasonably short time and with not much more effort invested than an afternoon walk in the park. For such traders, a rude awakening is always in the books, and it inevitably comes, sooner rather than later. Disillusioned, the “victims” terminate their trading activities, leaving a trail of negative feedback and bitterness behind. This recoiling creates another false image about the industry, one, according to which profits are all but impossible to attain for commoners. The truth – as it’s always the case – is somewhere in the middle.

For profitable traders, the activity is a lot like a second job. While the mental toughness and dedication required for success should not be underestimated, the good news is that the profit potential in Forex/CFDs (Contracts for Difference) is indeed immense. The industry is fraught with pitfalls every step of the way, as – because of its potential profitability – it appeals to human greed, which inevitably draws in scammers. Therefore, your very first step towards Forex success entails the finding of a regulated and reliable service provider/ brokerage.

Analysis, chart patterns, indicators and fundamentals only come afterwards, as do trading systems and advanced solutions such as EAs (Expert Advisors) and VPS-based auto-trading.

Money Management is Key.

Even if you do everything right, you will encounter periods where your losses will pile up, seemingly in spite of your best efforts. To survive such periods and to allow your skills to yield results over the long run, you need proper money management.

Beware of Scam Brokers and Signal Services!

For a beginner trader, scam brokers and fake/fraudulent signal services represent two of the biggest dangers.

Most scam Forex brokers are indeed unregulated, but this is not a rule: there are scores of brokerages out there waving some kind of nominal certification in your face, that will deny your withdrawal requests and manipulate the asset prices so you’ll end up losing normally winning trades. Such operators will often trade in your name through their “account managers” e adivinha? They’ll end up “losing” o teu dinheiro.

Crooked signal services will lose the funds you invest: that’s how they’re supposed to work. If you register an account and make a deposit with a scammer, you will most likely be relieved of your money within the first 48 hours.

Heed our recommendations, and you will steer well clear of such scammers. We only consider regulated Forex trading brokers when we make these recommendations, as well as proven trading signal services.

Unfortunately, statistically, most traders only come across our site and read through this page after the damage has been done and they got burnt dealing with a swindler. If you’re only now starting off with a clean slate, consider yourself lucky. Do not despair though, even if you belong in that former category. One of our main goals here is to turn victims of online trading theft around, by helping them understand the nature of the business, and by helping them make money in a regulated and legal manner. Remember: you only need legal investment brokers and the best possible services for online trading. Nothing less will suffice.

Find the Broker that’s right for you now (and start off on the right foot)

Though – having read the above – finding the best Forex broker might seem like a no-brainer, it can in fact be rather tricky. Out of the hundreds of online trading brokerages available in 2018, only about a good dozen are regulated and licensed to operate in your particular jurisdiction. Never settle for a Forex broker you learned about from a pop-up ad. Be proactive and do not let the broker come to you. Get out there and find the right one. Here’s a short check-list for you to use to this end.

Regulamento. Various state authorities and regulatory agencies have long strived to bring trading operators under a legal umbrella, which ensures the enforcement of ethical trading practices, and the elimination of fraud, while providing clients with certain guarantees and protections. This is just one of many reasons why we only ever suggest regulated and licensed online trading brokers and investment services to our readers.

Fees and Profit Potential. You obviously do not want to leave too much value on the table when it comes to fees. With investment firms such as TD Ameritrade and E-Trade, your fees are in the $4.95-$7.95 range. With Forex brokers, these fees are lower, and your profit potential is much higher.

Confiabilidade. Look for user (trader) feedback on your Forex broker. You need to know for sure that trader withdrawals are indeed honored in a timely manner.

Plataforma de negociação. A proper trading platform like MT4 (MetaTrader 4), hands you tools for technical and fundamental analysis and even auto-trading, that you will only learn to truly appreciate as you become more knowledgeable and experienced. Platform features include Advanced Charting, Technical Indicators, One-click Trading, Automated Account Management and more. Refer to our list of approved brokers for the brokerages with the best trading platforms.

Trade with the Best Forex Signals Only.

One of the easier – and therefore more popular – ways to make money through Forex investing, is to use trading signals generated by experts. Given the nature of the signals ecosystem though, it is not at all surprising that it is rife with scams and fraudulent operations.

We have taken the time and put our own resources onto the line to identify and recommend only the best performing signal services and trading systems. You will NOT find better alternatives out there.

We are constantly on the lookout for new services and trading systems, and we have hot contacts who fill us in on everything that stirs in this regard – even secret launches. We only test systems or services that seem legit. We do not bother with obvious scams.

The Best Performing Signal Services.

If you’re trading on your own, you will need a trustworthy signal service or an educational program to get you started. Michael Freeman’s Secret Manual Signals Group on Facebook is one of the most successful and popular trading communities for Forex traders. Operating around the clock, 5 days per week, this signals group has grown into the perfect starting point for newbie online day traders. Opening a Facebook account is free and your privacy is always secured. Signals are available for Forex, CFDs, cryptocurrencies, stocks and more.

Forex Brokers, Signals and Software – Perguntas e amp; Respostas

Provided to you below is a list of some of the most commonly asked questions and answers related to Forex day-trading. The information covers some of the most overlooked areas of online investing: everything from the relationship between the brokers and investors to Forex signal services and brokers, to how to get free demo accounts and how to make money online from home.

What are Forex brokers?

Forex brokers are financial operators which act as intermediaries between the retail trader and the markets. They provide access for the said traders to a trading platform, through which foreign currencies can be bought and sold, according to a predetermined set of rules.

How Do Forex (FX) Brokers Make Their Money?

Contrary to binary option brokers, who generate their revenues through the losing trades of their clients, Forex brokers make their money in a more systematic and ethical way. They charge a transparent commission per trade, or a spread. (A spread is the difference between the bid price and the ask price for a particular trade). Through a Forex broker, the trader is paying a fee to access the markets. Through binary options, he/she effectively trades against the broker.

What are Forex Service Providers?

They are the providers of Forex-oriented investment opportunities, that take the form of trading software (can be semi-automated, fully auto - or trade-copier), a signal service or a downloadable charting solution with customized technical indicators and algorithms. The main function of these service providers would be to provide newbie and veteran online traders with the ability to accurately execute signals based upon the mechanics and method of signal generation. Due to the vulnerability of the online investment industry, this vertical has become a cesspool for online scammers.

Can You Really Profit With Forex Service Providers?

Provided you stick with one of the services recommended here, you can indeed theoretically generate profits of up to a few thousand dollars per month.

Quais são os sinais de Forex?

Forex signals are precise trade recommendations. They can be generated by investment software, service providers, charting solutions with custom alerts or online day-traders. Oftentimes these signals arrive in the form of email, SMS feeds or through live investment rooms. The information provided in the signals covers the type of investment you should execute, the recommended stop-loss and a recommended expiration period, along with the asset to be traded.

What are the differences between indicators and signals?

As detailed above, signals deliver all the information one needs to execute a recommended trade, thus taking advantage of a trading opportunity identified by a different entity.

Indicators on the other hand, are technical analysis-rooted tools, which work with charting solutions such as FreeStockCharts or MetaTrader4 (MT4), and which only alert their users to the potential presence of an investment opportunity, an opportunity which eventually needs to be identified by the user.

Where can I find Free Indicators for Forex trading?

The most common place to find free indicators would be with charting solutions, such as: FreeStockCharts, MetaTrader 4 and MetaTrader 5. These platforms offer a vast variety of technical indicators to use with their charting solutions, as well as the ability to customize indicators and signal alerts, and even to build new ones from scratch.

How can I receive Free Forex Signals?

Many of the websites that you come across claim that you can receive free Forex signals if you sign up with their system. However, more often than not, these systems will require you to complete a deposit with a specific Forex broker. Finding truly free Forex signals that are legitimate, is even less likely, so make sure you do your homework and contact us if you need any help!

What is the difference between a Forex broker’s signals and independent signal providers?

Forex broker signals are signals that are offered by Forex brokers typically after a large deposit has been made. Although this practice is more common in binary options than it is with Forex, due to a variety of reasons, you should still refuse the offers. Your money is always safest in your control. Never give up your control in the hopes of generating a quick buck, because more often than not, it won’t work out in your favor! Independent signals typically come from service providers that are operated by seasoned and successful traders, or a team of traders that combined, have years of online trading experience. It falls to you to decide which such independent signal sources are legitimate, though we can and will help you in this regard too.

What is the difference between Forex and Binary Options trading?

Binary options (and CFDs) are financial derivatives. When trading them, traders never gain actual possession of the traded asset. Binary option brokers typically trade against their own clients, in a fundamental clash of interests, frowned upon by regulators. There are some exceptions to this business model though (like NADEX in the US).

With Forex, you are trading the financial markets and not some derivative price value. The binary options industry has less liquidity than Forex but a more simplistic style of trading. Learn why we recommend to avoid binary options trading.

Can I really lose more money than I have in my account when using leverage with CFDs?

Margin and leverage go hand-in-hand. Margin is a loan given to you by the broker, provided you have an account approved for margin. This loan uses the cash and securities in your account as collateral and it has to be paid back with interest.

The reason to make use of this loan is leverage: leverage allows you to increase you profits radically in case of success, far above and beyond what your actual balance would allow. It will however also increase your losses.

A margin call is issued by the broker, when the securities purchased by the investor with borrowed money lose value past a certain point (this point is calculated by the broker, through its own formula). In such cases, the investor needs to deposit additional funds, or he has to liquidate some of his assets.

Can I make money online using Forex signals and generate a monthly income this way?

Absolutamente! If you come into the Forex industry with an open mind and put in some hard work, there is no reason why you shouldn’t be able to generate a monthly income through Forex day-trading. Investors of all experience levels have been taking advantage of Forex trading for the past decade and due to regulatory enforcement, trading online with Forex is safer than ever before!

We’ve received hundreds of thank you emails from our subscribers and fans for helping them make money through online trading. The profit potential is unlimited with Forex.

If you have any questions or feedback to leave concerning the Forex brokers and services discussed above, by all means, post a comment below. The more feedback we have, the more value we are able to dispense.

All of our Forex Broker Reviews.

What are your favorite Forex and CFDs brokers and services? Came Across a Great Service or Software? Leave Us a Comment Below and We’ll Investigate!

53 comments.

I am being asked to invest in Xcoinbroker. Do you have any information on them?

Thanks for providing such valuable info.

I was surprised to see that TD bank was missing from your recommendations.

I am interested to learn options trading, for Beginners, do you have any recommendations.

I am interested in exploring more, the signal provider, Mike signal group.

in Canada, we are not permitted to open acct with brokers outside Canada.

can you chat with me please??

Is ecoingroup a scam?

Market miner. Do you have any notes on them.

I can send you an attachment if you have the address.

Oi. I recently got scammed by. Markets trading. Asking $250. To start.

Then tried to get me to deposit. £ 2,500. Saying that I would have. £ 9,000.

In my Acc by the end of the week. I declined. But foolishly deposited £ 500.

It was only when they lost my money that I found out that they are a Scam.

I have reported them to. Action Fraud. And my Bank. I cancelled my card.

as they had some of my details.

I have literally nothing bad to say about Kaya. They have being nothing but honest with me from day one. Profits are not the same as advertised on the robot video, but still 10 times better than the interest on my savings account. I have been with them for 7 months – customer support - 6/10 ; retiradas & # 8211; 7/10 (sometimes there is delay of 2-4 days); platform pricing and accuracy 8/10.

Hello I would like to know about IronFx Broker, I have signed up with them. I see they are regulated but need more.

I want to Learn how to trade and also need a broker that will be trading for me.

I invested US$250.00 in R-Binary in December 2017. First I had an email from a Michelle Miller in Edinburgh, who said I would deposit the money then an account manager/broker would contact me to help me get started. No one contacted me, so I rang the telephone number on their site and to my surprise it was answered in Australia, by someone with an Asian accent, who said they didn’t know what I was talking about. Then when I checked my bank account I see the money went to an account in Shanghai not to Scotland. I have sent several messages through the web site but none of them have been answered and my account balance is nil, even though I have never had the chance to trade. I have been scammed I’m sure. Does anyone else know anything about this so called company??

I have been scammed several times by Account Managers. I am referring to Binary Options and Bitcoin trading that is offered by an Account Manager. This was chosen only after trading the stock market for 3 years, I finally being very unsuccessful. Basically, I have lost everything. I am now retired and looking to not only recover my trading losses but to supplement my Social Security as well. I can’t understand this trading business, so I would like someone else to do the trading for me. Is this method of trading always a scam or are there legitimate account managers out there who will trade for you for a profit? Please advise…

There are legitimate brokers offering managed trading accounts (known as PAMM accounts), however, this is not available in the US, unfortunately. Feel free to contact me via email for a personalized suggestion.

Can you recommend any managed trading accounts offered in the U. S.? It would be greatly appreciated.

Further to my earlier email Regency Fiduciary also claim to be holding my funds in escrow but when I reply to them their email address reverts to [email protected] although Regency assures me thet are not the same company. How do these people obtain all my personal info and trading records. ARE THEY ALL OFFSHOOTS of CVCOptions?

Either that or CVCOptions sold their leads to various companies. Here’s our Global Trader Insurance review.

I was scammed by CVCoptions who have various aliases in Oct 2015. Since then many companies have called telling me they can get my money back for me including Secured Trade Investments which you have written up already as a scam and also SafePath Insurance which seems to be an offshoot of them as well.

Now I am being contacted by Michael Cunnington at WING Insurance (Worldwide Insurance Network 623 5th Ave NY NY10022 who says there is a class action taking place in the UK in Feb and I am to pay SEC 15% of my recovered funds once I receive them. Can I trust this?

Don’t trust this. It’s probably an advance fee scam. We will investigate WING Insurance.

Here’s our Wing Insurance review. Regarding SafePathInsurance, I’m not sure if you’re referring to SafePathFinancial?

Is TheCryptobot (gunbot) a scam or does it work?

please don try HIGHLOW,

try another broker.

the broker that will give your money back if the position are close in same price,

if you dont agree try it.

so you will see you lose your 20% positions only for this reason.

i lost about 3000$ only for this reason, same price,

other broker will give your money back if the price doesnt change,

i high low you will lose if price not change.

in short time like 60 sec, you will have 20% positions that close in same time, so you will lose 20% more,

Hallo, I am Hans and I am living in Norway. First at all, your side is very informative for me as a complete.

newcomer to FX trading, thanks for that. I am very interested to joint Michaels Facebook signal group.

I have check out your recommend broker and i think there are all ok. But I have one question>I did read by all brokers the Risk conclusion about the margin by CDF s, that it can be possible i can more money lost as i have in my depot, that makes me a bit worried. First I have to explain that I intended only to trade small amounts and not more then 3 trades a day or so. Of curse after i learn a bit in a demo for same weeks. I will open an account with only 500 euro and hope for a bit profit. I know very well that i can lose the 500 euro but this is the risk involved. But can you maby explain me more about the risk for an margin call . I now only of the broker AYONDO who have since 2017 no margin call anymore. I do not mind to donate 100 dollar to the group or since up with one of your broker if I now more about margin call and to avoid this additional risk. My question is probably a bit stupid but I would be very thankful for a short explanation. I look forward for you advice and for a good time in your in your signal group. Thank you, Hans.

We just uploaded an Ayondo review. Thanks for pointing them out. By the way, we updated this page with an answer to your question regarding margin call. Let us know if you have any other questions.

I received a call from Royal Capital Pro and asked me to join them, for an amount of SAR 1,000/- I’m afraid to be scammed, please help.

No need to be afraid. Say “no, thanx” courteously and move on.

I don’t get it the only thing recommended is Michael Freeman’s group but that’s using binary options and you said not to use binary options. I’ve been a member of that for quite a while and didn’t see any Forex signals.

Some of our admins provide Forex signals exclusively. Binary options signals will no longer be provided in the group starting on January 1st, 2018.

need info on this company Trades option.

Website is address is tradesoptionon.

Need information on24 tradeoption.

The problem is I need a vechile where I can invest e. g $100 and withdraw the profit when needed I’m specifically interested in Ethereum.

Here’ll you find information on Ethereum.

Do you have a list of CDFs platform? I am from the phillippines and i never heard about CDFs until i got to your page.

Pls disregard. checking avatrade.

where can i get signals in canada and where should i trade with. i want to make about 25 to 100 dollars a day. i have about 400 to use.

I keep hearing about PAMM accounts and that they can pay very high yield profits, more than 40% a month. Is this real or is another scam? Where can one invest and get returns of at least 30% a month on managed accounts?

Where did you hear that? You are welcome to read about PAMM accounts on our blog. Keep in mind that PAMM accounts are not available in the US.

Hi, i have been doing binary options trading at present. lost at first but starting to realise. this is not the way to go long term.

I would love to know more about fourex and CFD;s and signal provider. There is a lot of info. out there but knowing what is correcr is what i struggle with.

maybe you can help put me in the right direction.

How do I open a HOTFOREX PAMM Investor account in ZAR…?

Unfortunately, HotForex does not allow PAMM accounts for people from South Africa.

I have experience from trade with Optionstrade24, and I get from them request to pay for CySEC authorization tax $1480.00. Now my funds are not useful, and profit is dormant for me because I don’t have money to pay that tax. What to do now, is this tax really legal and do I can get my money ?

A signal provider has said I need to use THE BINARY ICO as my trading platform, have you done an analysis of this site and if so what were your recommendations.

I would recommend staying away from anything which relates to online trading that has the word “binary” in it.

I require Reliable Signal providers.

Or even signal software.

Is Vladimir Ribakov Trustworthy as he has srs software and a signal service.

I made too much loss on my own trading and need something reliable and trustworthy where I can make steady profits.

Is S2Trade legitimate? pleased advise… I have made a deposit of $250 USD…

Questrade Review for 2018 – $50 Promo Offer Code.

Parabéns! If you're considering opening a Questrade discount brokerage account, you have have likely managed to get a handle on your personal finances and are now ready to put your money to work for you. Read our in-depth Questrade review below and take advantage of our exclusive Questrade promo code when you open up an RRSP or TFSA account. Then sit back and watch your investments grow, while you focus on cutting investment fees to the absolute bone!

Questrade Review Summary.

Our Rating: 4.5 / 5 В.

Not Perfect but Cheap, Reliable and Great Promo.

Bottom Line: Questrade is Canada’s low cost leader with $4.95 trades and No-Fee ETF purchases! We recommend this discount brokerage for all Canadian DIY investors that make less than 40 trades per month.

Or just input the following Questrade promo code - a1b9d1d9.

Questrade Promo Offer Code: Exclusive to YoungAndThrifty.

When you combine our special promotional offer of $50 in free trades, with the fact that you can purchase Questrade ETFs for $0 - you are basically guaranteeing yourself no trading costs for several years worth of portfolio re-balancing. В Zero dollars in trading costs equals more money compounding in your investment account! В Simply click here to take advantage of our $50 in free trades promo code or enter the code a1b9d1d9 > once you get to the Questrade website.

Intro: Our Experience with Questrade.

Questrade has been in operation since 1999 and they are the largest independent Canadian online brokerage. В They are super popular amongst Do-It-Yourself investors like me primarily because of their ultra-low fees. В Right from Day One, Questrade has focused on offering a streamlined platform that competed primarily on the basis of its low-cost advantages. В While they have added several bells and whistles over the years (routinely grabbing one of the top spots in the Globe and Mail's & MoneySense Magazine's rankings), their main attraction to investors like myself is their simplicity and their ongoing commitment to remain the cost-savings leader in the Canadian market.

All of us at Young and Thrifty have been with Questrade for 7+ years - so you are getting the collective wisdom of several user experiences over a prolonged period of time. В While they offer many different options as part of their overall platform, we're going to focus primarily on their bread and butter - the simple brokerage accounts that let you buy and sell stocks and ETFs for the lowest fees in Canada.

I personally have been a Questrade user for over eight years now and have been pretty happy with the platform and the company. В Before Questrade, I was with a Big Bank brokerage and was dissatisfied with the high commissions that I paid on every trade that I made. В (That was back then when the big fish could get away with charging $25-30 per trade.) В When I found Questrade, I was pretty happy with the $4.95 per trade fee, and that ultra-low price hasn't increased since eight years ago - in fact, you can now buy ETFs for FREE (they do make some money when you sell them of course).

If I'm looking to find a fly in the ointment of my Questrade review it would be that I could do without the frequent platform changes (the original platform issues now seem to resolved) and that the mobile app isn't exactly breathtaking. В That said, Questrade has really evolved over the past eight years into an excellent option for Canadian DIY investors.

Questrade is considered Canada's low-cost leader, have low-to-non-existent account fees, and have Canada's lowest commissions at just $4.95/ trade. В They have grown their Canadian online investing presence over the last couple of decades to now manage $4.5 billion in assets.

Comparison: Questrade vs RBC, Scotia iTrade, and TD Direct.

Here's a general look at how Questrade stacks up against three of Canada's Big Bank brokerage competitors: RBC, Scotia iTrade, and TD Direct . В While the cost has gone considerably down from the $25-$30 per trade back in the day, to just under $10 per trade, there are still some areas such as registered account fees where Questrade simply beats the competition hands down.

As you can see, Questrade's pricing is second-to-none. В If you compare Questrade VS. RBC, VS. Scotia iTrade and VS TD Direct, They have much lower prices. In fact, these are the lowest prices in Canada, hands down. В When you're just getting started, these account fees can really hurt your portfolio growth because $100 is a fairly large percentage of the $3,000 or so that most of us start investing with. В Going with Questrade allows that compounded investment returns snowball to get larger and gain momentum at a faster pace.

If you were pondering about Questrade VS TD Direct, Scotia iTrade or RBC, we definitely think Questrade beats the competition any time. We wrote a whole piece about the best brokerages in Canada We also tested Questrade against Qtrade (available in a new page) and recently looked at Questrade's closest competitor in our Virtual Brokers ReviewВ as well as in our Questrade vs Virtual Brokers showdown of best low-cost Canadian discount brokerages.

QuestradeВ Advantages.

Here's what sets Questrade apart from some of the other options on the Canadian market.

1. It's Cheap!

At a $4.95 minimum and $9.95 maximum, Questrade refuses to be beaten in this area. В The total that you pay if you buy general shares of average companies is almost always below $6.00. В The only time it ticks up closer to the $9.95 figure is if you're buying hundreds of shares or units. В (The overall fee is $4.95 + $0.01 for every share or unit.) В If you're buying penny stocks or tens of thousands of dollars worth of a single stock, then you might hit that max price point, but I've never come close. В Of course, I pay hardly any fees at all due to the no-fee ETF purchases feature that really sets Questrade apart for me.

The other thing to keep in mind is that since I started investing with Questrade over eight years ago, the prices haven't gone up. There aren't too many companies that can say that in any industry!

If you trade options it is $9.95 + $1 per contract. В (Personally, I would almost never recommend someone get started in options, so I'll just leave it at that.)В They also have fewer hidden fees than many other brokerages.

How much can you save if you go with Questrade versus the other brokerages?

Let's look an example if you are determined to buy and sell individual stocks and not go with our preferred ETF investing strategy. В Let's be conservative, and say you do one trade a month (and this only counts purchases, not selling - after all you're not ready for retirement yet right?).

Sixty dollars might not seem like very much, but over time and compounded, it certainly adds up. В Once you have a slightly larger portfolio that requires more re-balancing and/or begin to buy and sell more stocks or ETFs, this $60 can easily be multiplied by 3x-5x.

2. Questrade ETF Investing.

If you decide to embrace index investing with vanilla ETFs (such as the ones that we recommend here) then the gap in investing fees becomes even wider. В These investing fees used to be the sole advantage that mutual funds had over ETF investing and why a lot of people used to recommend getting started with the TD-eSeries of mutual funds (still not a bad option). В Questrade has completely negated this advantage with their free ETF purchases. В For most portfolios under $200,000, re-balancing can usually be done simply by adding to whatever asset class is underrepresented at the time - no need to sell anything to put your portfolio back in balance. В (If all of this sounds like a foreign language to you, take 30 minutes to page through our free eBook where I'll explain all of this ETF/index investing stuff in more detail.) В This means that you basically pay no money to invest through Questrade (if you stick to a disciplined ETF/index strategy) until you have already started to build some serious wealth.

Purchasing threeВ Exchange Traded Funds as part of your portfolio every month = $0 (Before 2013, this would have cost $4.95 x 3 x 12= $178.20 annually.)

VXC-В Vanguard FTSE All-World Ex-Canada Index ETF.

VCN - Vanguard FTSE Canada All-Cap Index ETF.

VAB - Vanguard Canadian Aggregate Bond ETF.

Other Brokerages ETF Investing:

$9.95 x 3 ETFs x 12= $358.20 annually.

If you are an ETF fan, going with Questrade is a no-brainer. В You can save $358.20 annually and not have to worry about timing the market because you are buying "the market" every month whether it is up or down.

If you save $358.20 annually at an annualized growing rate of 8.0%, after 40 years, that savings almost equates to $108,000.В $108,000!В Talk about the magic of compound interest.

Warren Buffett, my idol, loves compound interest and his recommendation for his estate after he is gone is to have it invested in low cost index fundsВ just like the ones we are recommending. В Index investing gurus reiterate time and again the time real key to investment success isn't jumping on the hottest stock, but rather focusing on keeping costs as low as possible.

3. No Commissions When Purchasing ETFs.

As illustrated in the example above, the thing that sets Questrade apart from some of the other excellent discount brokerage options in Canada is that there are no commissions charged when purchasing Exchange Traded Funds. В This started in 2013 and I have taken full advantage of it by purchasing ETFs on a monthly basis without any added cost. В This makes your couch potato investing much easier and really, a no-brainer. В It was a game changer at the time, and remains a major perk that we recommend taking advantage of.

There are no worries about only using specific ETFs or having minimum purchase amounts or anything like that. В Simply wire the money to your Questrade account, and purchase the same ETFs you did the month or quarter before. В Getting wealthy usually means setting a boring plan and then efficiently executing - it's not exciting but it's very effective if you can stay away from needless fees.

While the free ETF feature certainly shines relative to online brokerage competition, where you really see the difference is when you compare it to the traditional methods of mutual fund investing in Canada. В Canada has the highest-priced mutual funds in the world - often charging in the 2.5% territory. В This can easily chew through 30%-50% of the average investor's returns over the decades of responsible retirement saving. В Keep your investments simple and low cost with Questrade's discount brokerage or a robo advisor option!

4. No Annual Fees for Registered Accounts.

The no-fee registered accounts are another of Questrade's game-changers that has forced the market to adjust. В I remember when I first signed up for a TFSA at one of the Big Banks, I was charged an annual $100 management fee. В This was another reason why I took my money out of the Big Bank and switched it over to Questrade. В Questrade charges no annual fee for registered accounts (such as an RRSP or a TFSA), allowing you to keep more of your hard earned money. В If you think about a $100 fee applied to your $5,500 TFSA contribution (maximum contribution limit annually as of writing) that is 1.8% right there off the top - a killer of future returns. These days, the annual fees for the Big Banks are around $50, which is better, but obviously still not as good as $0.

5. Holding USD In Questrade's RRSP or TFSA.

Another great thing about Questrade is that they allow you to hold USD in your registered accounts. В I have USD investments in my RRSP and the option to do this is great. В It's good to know I don't have to do the dreaded currency conversion unnecessarily when I have USD to invest. В You can also convert your CAD into USD with their currency converter too or use Norbert's GambitВ to save money on foreign exchange fees. В Avoiding needless currency conversion fees are another way to keep your money working for you instead of going to pay for some Bay Street CEO's third yacht!

6. Questrade Will Pay Your Transfer Out Fee.

Questrade will pay for your Transfer Out Fee charged from your other financial institution, provided that you transfer a minimum of $25,000. В This payment of the transfer out fee is a pretty good deal considering transfer out fees can be hefty (like $150) at most places. В When combined with our Questrade promo offer code, it is obviously a pretty strong incentive for people to switch from their other brokerage to Questrade.

7. Questrade's IPO Centre.

If you're into buying IPO's then you might be interested to know that Questrade allows you to purchase IPOs for FREE (no commissions). В If you were wondering what the heck an IPO is, it stand for Initial Public Offering, and it occurs when when private company goes public (offers shares on a stock exchange) for the first time like, like Snapchat did recently. В Questrade has an IPO Centre where you can look at the most recent IPO's, sign up the the IPO Bulletin. В To buy an IPO you just click "buy" and fill out the form.

All of this being said, I have to note that entering the IPO game is a risky one and not really all that relevant to most retail investors - especially ones that are just trying to execute super simple index investing strategies.

Reviewing the Cons.

Of course, with the ultra low-cost nature of Questrade, there comes a few trade-offs. В Here are some of the areas Questrade could use some improvement.

1. Customer Service.

Although they have made improvements on their customer service, it is still lagging compared to some of their full-service (more expensive) competitors.

The "Chat with Us" feature allows you to type and instant chat with a Questrade representative (Monday to Fridays from 8:00AM to 8:00PM EST) but you can't do it on weekends and if you enter a message, it will be an automatic email reply - still not a bad option, but not as good as immediately solving your problem. В "Chat With Us" is probably the best way to reach someone at Questrade, and when you go online during those times someone answers and types back to you within minutes. В We have used this feature several times and has always received prompt service, however some online reviewers have had more negative experiences to report.

You can also phone them (I haven't phoned since chat with us started but remember waiting on hold for at least 20-30 minutes back in the day) and their hours are from Monday to Fridays 7:30 to 8:00 PM EST).

Other Big Bank brokerages are bigger of course, and consequently provide more services such as 24-hour phone support. В If this is more important to you than absolute cost savings, Questrade might not be the best fit.

They do have lots of self-help information, such as The Exchange (contains blogs, how-to's, videos, and pre-printed information like how to get started with your account). Personally I prefer sources of information like this that I can access online and allow me to solve my problems for myself as opposed to waiting on hold somewhere for an employee to become familiar with my account.

Ultimately, most of the negative comments that I have read online stem from investors that are trying to do fairly complex maneuvers or are comments created several years ago on Questrade review articles like our old one, when they were still refining their online platforms. В If you stick to basic investing strategies such as the ones we recommend on this site, I highly doubt that you'll have any problems. В If you're trying to day-trade your way to wealth by making dozens of trades every day in a margin account that you're borrowing money in, then a more expensive online platform might suit your needs better. В I just find that's such a small segment of the population that it's not really worth going into depth on.

2. The Platform Changes Frequently.

As mentioned previously, Questrade has changed their platform a few times (I have lost count in the past eight years) but I have gotten used to it. В It takes a few months to get used to the new platform visually, but eventually it all becomes second nature again, and in general, the platform is easy to use. В Questrade's updates have left the site looking better and more modern, so the change is usually for the better. В That being said, the platform, despite the updates, is easy to use and very intuitive, you can pick it up within minutes.

This may be the case for many other online trading brokerages, (I have heard similar grumblings about all discount brokerages at some point) but there is some downtime whenever the platform is updated or refreshed in which you will not be able to access your accounts at all and you will just see a screen that says "sorry for the inconvenience" or something like that. В I have had a few isolated experiences when I've logged in while a platform change was underway, only to see errors pop up on my account history page. В This downtime as been less and less as Questrade has improved over the years, but still not something I would expect from a full-service platform like the ones the Big Banks put forth.

3. Questrade's Mobile App Could Be Improved.

I am not an active trader and the more difficult it is for me to access my accounts the better (meaning I will have to sit down at my computer to review my accounts) because this means less tinkering with the portfolio. В That being said, if we're being honest in our review, it needs to be mentioned that Questrade's app has not been its most successful endeavor to date.

I'm not a big app person (I like to see my whole computer screen when I do my investing) but in reading forums related to Questrade, a lot of customers using the app are not satisfied with it. В Now, Questrade is promising big things with their new App that is due to roll out any day. В Currently in the App store there is a 'one star' rating on the app and it was last updated in 2015. В You can scroll down to see some screen shots of the app if purchasing ETFs or stocks from your cell phone is a deal-breaker for you.

In a perfect world, the Questrade app would include less bug fixes and more usability. but it's still more than adequate for index investors who just want to take a peek at their portfolio from time to time and are too busy to log into their computer.

January 2018 update: Questrade’s long awaited update to their mobile app launched in the summer of 2017 and has been reported on by most as a major improvement.  (Again, I can’t really say whether I like it or not personally, because my investing needs are so “plain vanilla” that I never really have many problems.)

The New Questrade Mobile App works flawlessly on smartphones and tablets, and is available in the iTunes and Google Play stores.

Edward Kholodenk, President and CEO of Questrade announced the following at the app launch: "The vast majority of Canadians expect to be able to have access to their investments at any time, from anywhere, in a very intuitive and user-friendly environment. В This new app is in direct response to our customers' feedback about wanting to manage the entire digital process of financial investing versus simply trading online. This delivers the kind of holistic, seamless experience we want our customers to have."

Christine Day, CIO of Questrade explained that, “Questrade Mobile now offers most of the features of the Questrade Trading online platform -- but in the palm of your hand. We've made the entire process of managing investments much more simple, literally just a tap or a swipe away. ”.

The new app is targeted at people trade a lot more frequently than I would recommend, but all the same, the improvements to custom mobile alerts to show any major movements or opportunities is kind of neat. В Overall, when I tested out the new Questrade app it just felt a lot more responsive and easier to navigate.

Kholodenko concluded the event by stating, “Ever since our beginning in 1999, Questrade has had one clear mission -- to care deeply about helping Canadians become much more financially successful and secure by providing them with the best investment products, technology, and client services. This is the next step in our technological evolution, and underscores our commitment to helping Canadians achieve financial freedom while on the go. ”.

4. Dated Negative Online Reviews.

In the spirit of trying to provide an unbiased Questrade review, we've pointed out some of the commonly cited concerns about investing with Questrade. В If you search online you'll find several reviews by folks that are not huge fans of Questrade. В I think this is due primarily to a few reasons:

Questrade undeniably had some customer service and platform issues 5+ years ago. В While they have come a long way and fixed most of these problems, their negative online reviews will live on forever. It's natural for a few unsatisfied customers to dominate the online feedback relative to the thousands of fans (like myself) who have had very few problems with the platform. When executing more elaborate and complicated online trading manuevers, you may want some of the bells and whistles of a more expensive brokerage. В If you are a simple index investor, you will likely have very few problems. В Kyle and Justin both report having 0 problems with the platform - but then again they have only purchased a few ETFs over and over again and have never tried to open a margin account, do a limit order, or use options.

We can only directly report what our experiences have been, and for all of us, the massive advantage of low fees has been well worth a few hiccups here and there. В Overall, folks must be generally satisfied with Questrade because their assets under management numbers keep exploding every year!

Questrade’s 2017 Awards for Best Managed Company and Most Popular Online Brokerage.

Questrade continued their run as Canada’s fastest growing online brokerage throughout 2017 by continuing to cut fees to their absolute lowest point and improve their platform on all devices. В By increasing their assets under management by $5 billion and opening more than 30,000 accounts in 2017, it’s tough to argue with raw consumer choice on that scale. В.

The Questrade Financial Group was proud to announce they extended their winning streak as one of “Canada’s Best Managed Companies” to six consecutive years (Gold Winner distinction).  Emma Horgan, Chief People Officer (ok… I could do without the cheesy title, but moving on) responded to the honour by saying, “We believe delivering great service starts internally, by bringing exceptionally talented and caring people on board. We're changing how Canadians look at their financial services by focusing on affordability, innovative easy to use technology, and of course, great Questrade team members who really care about our customers. We put people first -- and that's how it should be."

The Best Managed Companies award recognized Canadian companies that have shown “fearless leadership, relentless innovation, a culture of teamwork, and commitment to new technologies, globalization, designing information systems, and hiring the right talent to facilitate growth”.

While it’s nice to see that Questrade is winning management awards, for me, the more telling feather in their collective cap is the fact that MoneySense magazine recognized the online broker as the most popular online brokerage account for do-it-yourself (DIY) investors.  Citing the fact that J. D. Power recently surveyed Canadian investors and found that 88% of Questrade’s customers use the company for DIY investing (as opposed to the 67% average for other online brokerages).  This is likely due to Questrade’s relentless focus on keeping fees as low as possible!

MoneySense also credit Questrade by making the top pick in the categories of “Getting Started”, “User Experience”, “Fees & Commissions” and “Best for ETFs”.  That pretty much sums up why Questrade is our most recommend discount brokerage and why we continue to use the platform ourselves!

A Peek Inside Questrade.

No Questrade review would be complete without taking a look at the various platforms. В You can always check out Questrade's free trial to pretend to see what the platform looks like and tinker around with it without risking any real money.

Here's what Questrade's platform and watch list looks like and what the order entry to buy shares looks like:

Here's another example of what a watch list might look like with the Questrade trading platform. В I really like the colours in the red and green to help you discern/ visualize how the stocks that you are watching are doing more easily. В If you're wondering what a watchlist is, the basic idea is that if you pick stocks you might want to keep your eye on how your "targets" are doing at any specific time. В This allows you to quickly pull up a screen and see if there have been in any movements in the companies that you are interested in.

Here's what Questrade's investment return page looks like in the chart format, there are other formats such as the graph format too if you prefer that: В As you can see, it's an easy way to visually analyze your portfolio's performance.

Here is what a detailed quote would look like on the Questrade Platform. В It is similar to that of most online brokerages, but if you haven't used it before this might look a little intimidating. В The truth is that once you get beyond the initial scariness, the math involved is not that difficult. В You can see how much each share costs, what the ticker symbol is (AAPL), and how the stock has fared over the last few years. В Personally, I don't use this information all that much because again - I am a couch potato investor - but it's there if the need to pick stocks is an itch that must be scratched.

Questrade IQ Edge.

Another platform that Questrade has, if you trade frequently and want to look like you are a day-trader (complete with two computer screens!), and it is free to use and switch to, and a matter of preference, if you like a darker screen rather than a white one and if you want more trading options than the regular platform.

With the IQ Edge, you can have a custom trading environment (you can adjust the platforms on your screen to accommodate your own preferences better). В It also has pre-installed option trading layout, and IQ Edge gives you the ability to make advanced trading orders, such as conditional orders and multi-leg options strategies. В IQ Edge is highly customizable and created for advanced traders (not my style).

Here's a screen shot of what IQ Edge looks like, as you can see it's much more detailed compared to the regular Questrade Platform, and is complete with advanced trading tools:

IQ Web Platform.

Finally, if you would like yet another Questrade Platform to choose from, there is another free platform you can switch to. В With the IQ Web platform, you can personalize it by adding 'gadgets' so that these are easily accessible only to you when you log on.

Here is a screen shot of a quote on IQ Web (don't worry it's not my margin account number, but a screen shot of a sample Questrade account):

Here's what IQ WebВ looks like and the options for the gadgets that you can add to personalize your platform:

Of all the different platforms, which one is for you? В Well it's very individual. В But personally, I like the regular one just fine and don't have any inkling to try out the other platforms. В The basic one works just fine for my needs. В However, it is nice that it is an option to switch to if needed.

Questrade Mobile App.

Here are a few shots of what the Questrade Mobile App platform looks like.

Image 1 is what a quote would look like on the mobile app. В It is available for both iOS and Android. В It is synced with your online trading account so you can trade and look at your portfolio 'on the go' which is very appealing for busy people who can't get in front of the computer. В The Mobile App platform includes research tools like Intraday Trader and Market Intelligence so you can look up your favourite stocks.

Of course it's not as detailed as the regular platform, but it performs well if you need to just execute a trade quickly or want to look at your portfolio during your commute on the bus.

Image 2 is what an order entry screen would look like on the Questrade Mobile App, as you can see it's pretty straight forward and replicates what the order entry screen would look like on their regular platform.

Finally, Image 3 is what your watch list would look like on the Questrade Mobile App.

Statement and Account Histories.

Statements are online and posted on the 15th of each month.

Here is what the statement screen looks like, the number of statements available is reflected under the month, and all you have to do is download them to look at them. В The actual PDF statements are super detailed with colours and graphs galore! В It breaks it down to your performance to date and even compares your performance to a few years ago. В It also details all the dividend payouts, all the transactions etc and is very very detailed. В My account statement is 14 pages long, that's how detailed it is! В There is no need to worry about all this reporting if you are super simple index investor, but it's comforting to know that it is there nonetheless.

Here is an example of one of the pages in the detailed statement you will receive monthly:

One of the great things that I like about Questrade is that you can quickly toggle and review your account activity, and sort by date (e. g. to look at the previous month), and by activity (such as trade, dividend, or withdrawal). В It's really handy to have when you want to quickly review what your dividend income has been across all your accounts.

Here's a look at the bar where you can toggle your account activity by date and activity, as you can see you can "select all" or "deselect all" or even just select individually. В In this picture I have selected Trades and Dividends. В Once you select that a summary of all the trades and dividends that you have requested for that time period will show up. В You can then export it to Excel if you wish.

Why I'm Sticking With Questrade After Eight Years.

Hopefully you now have a good idea of what Questrade looks like before you decide to take the plunge. В Instead of switching to another brokerage, I have stuck with Questrade. В Why have I been a loyal Questrader for the past eight years?

Well there are a few reasons for this:

I really really like the free Exchange Traded FundsВ ( no commissions charged for purchase of exchange traded funds ) that started in 2013 and that dramatically lowered the cost of my index investing. В To me, this is a huge feature when compared to other brokerages. В I am able to dollar cost average and purchase on a monthly basis to avoid trying to time the market (which we all know doesn't work that well for most people). I really like the overall low fees and how the fees have not increased since I signed up eight years ago. В You really can't beat $4.95 a trade (unless it's the $0 per trade ETFs offer). I like that Questrade is 'grassroots' and Independent and not affiliated with a big bank or oligopoly. В I have always liked rooting for the underdog. I like that they have a refer a friend program. В For every friend you refer, you get $25 deposited into your account, and for every third friend you refer, you get a $50 bonus. В If your friend deposits $1,000 they get $25 into their account, and if they deposit $50,000 into a new Questrade account, they get $100 into their account. The chat function В to access customer service for Questrade is perfect for me (I'm not a phone person). В I'm not familiar with the Big Banks' customer service and whether they have a chat function, but I don't like waiting on the phone for 45 minutes to speak to someone. (In fact, I don't really like speaking to people in general, so the ability to just instant message someone is great.) I also like that there is no annual fee for registered accounts . В When you have a finite amount that you can deposit into registered accounts (e. g. $5,500 annually for the TFSA), the last thing you need is to get gouged by fees.

Funding the account is easy , all I have to do is transfer money as if it were a bill payment - I've been doing it for eight years with 0 problems. According to MoneySense's Canada's Best Online Brokerages of 2016, Questrade ranks as the best for fees and commissions and has honourable mention for overall best independent broker and ease of use. В It stands out as overall best independent broker because of its steady improvement in service.

How to Sign Up with Questrade.

As long as you're properly prepared, signing up for Questrade is super easy. В All you need are a few minutes in front of the computer, some government issued identification, and of course, the determination to tackle the basic steps of DIY investing.

Clique aqui para abrir uma conta. В To open an account, you'll need to the following:

Your email address Your name as it appears on your government issues identification Your Social Identification Number Information about your employer Your phone number Create a user ID and password and set up your security questions Choose an account to open (you can save time by clicking on the Packaged Tab to open a TFSA, RRSP, and margin account all at the same time) Put in Young and Thrifty'sВ OFFER CODE "a1b9d1d9" to save $50 Continue following the prompts and sign the agreements online (they accept esignatures to make signing up for an account even easier) UploadВ your documents (e. g. Photo ID) to Questrade for verification Your account is now open and you can feel free to take a peruse around the platform Then fund your account! В You can use an electronic fund transfer from your bank via direct deposit or check out the chart below for more option to fund your account. В If you В need a bit more help, Questrade has a good 1 minute video on how to fund your account The minimum deposit is $1,000 to purchase stock and options, and if you were thinking of opening up a Portfolio IQ account, you В just need $1 to open an account and $2,000 to start investing. Remember, you must keep at least $250 in your Questrade account to keep it in good standing If you would like a PDF tutorial on how to set up your account, Questrade has a great one through their The Exchange website. В It walks you step by step on what to do after you have successfully opened and funded your account.

Using our referral link, you will be entitled for $50 in free trade. If you have used a link other than ours and have not signed up yet, use our Questrade promo code В a1b9d1d9В upon sign up.

Online Security Guarantee.

Many people are wary of doing anything money-related in an online setting, let alone using a discount online brokerage to buy and sell investments, but Questrade points to their Online Security Guarantee when they wish to ease these fears. В They will guarantee 100% reimbursement of any unauthorized transactions from your account that result in direct loss. В That's a pretty cool safety feature that I hope I never have to use!

Questrade is also a member of the IIROC (Investment Industry Regulatory Organization of Canada) and CIPF (Canadian Investor Protection Fund), which insures your account up to the limit of $1,000,000.  In excess of $1 million, you can contact Questrade at 1.888.783.7866 for additional private insurance of up to $10 million in protection.  If you’re not sure what the CIPF is, here is what their website has to say: “Investment dealer insolvency doesn’t happen very often.  In fact, since CPIF’s inception in 1969 there have been only 20 Member insolvencies.  CIPF has paid claims and/or related expenses of $43 million, net of recoveries, and no eligible customers have suffered a loss of property. "  To my way of thinking, that's a pretty rock solid track record.

What's Questrade Portfolio IQ?

Questrade Portfolio IQ is a new robo advisor function for Questraders who want a little more help with their portfolio and want their investments managed on their behalf. В It would be comparable to some of the other robo advisors who have recently come into the Canadian market. В See our Wealthsimple review and BMO SmartFolio review for more information on IQ's competitors. В The unique thing about Questrade Portfolio IQ compared to other robo advisors our there is that it is somewhat actively managed, though combining index exchange traded funds and active management. В They will still re-balance your portfolio of course, like other robo advisors, but they will also do a little bit more.

With Questrade Portfolio IQ, you won't have to worry about asset allocations and re-balancing on a regular basis. В They will do that for you. В The fees associated with Questrade Portfolio IQ are a bit higher than what you would get with the regular Do It Yourself Route.

To invest with Questrade Portfolio IQ, you will need a minimum of $2,000 to invest. В If you don't quite yet have $2,000, your account will be kept in cash until that minimum threshold is reached. The fee for Questrade Portfolio IQ starts at about 0.7% and the ETF fee is also added on top of that.

The Questrade Portfolio IQ platform looks great. В I have personally not tried using Questrade Portfolio IQ, but do know that people have been very receptive to the concept of robo advisors. В When you can rest assured that your investments are working hard for you, and you don't have to worry about rebalancing your portfolio, people really appreciate that. В To start off with Portfolio IQ, it asks for more detailed information to find out your investment style and personality. В Here's a peek at what Portfolio IQ looks like:

Portfolio IQ has gotten a lot of attention throughout 2017 by running a series of ads (see below) that controversially make the bold claim that Canadians can increase their retirement nest egg by 30% by paying more attention to the investment fees that they are paying.  While a lot of traditional mutual fund-selling financial advisors took exception to this claim, I think it’s actually on the low side if a person starts investing early enough (in order to make the most of compound interest.  I especially like this ad where the “everyday Canadian” realizes that the math doesn’t make sense along with the tagline: “It’s time to ask tough questions about your money. ”.

Overall Questrade Rating and Promo Offer Code.

Questrade Detailed Review.

If your goal is to pay the minimum amount of investing fees possible, there is simply no better option than Questrade. It is the perfect discount brokerage option for the everyday investor who has no wish to execute complicated day-trading strategies, and is perfect for index investing devotees like yours truly! O que você está esperando? If you haven’t already, sign up now with our FREE OFFER CODE to get $50 of free trades just for checking out our Questrade Review!

Using our referral link, you will be entitled for $50 in free trade. If you have used a link other than ours and have not signed up yet, use our Questrade promo code a1b9d1d9 upon sign up.

66 Comments.

Great list of pros and cons.

I agree with the harder to use platform.

The fees are among the lowest I have seen but the platform is one of the worst. This depends on how many trades you make per year.

Thanks Steve. You’re a Questrader too? =)

That’s true, if you don’t plan to make that many trades, then there isn’t really a point to go with Questrade - might as well go with something that is easy on the eyes.

If you DO make many trades, then I think Questrade is worth it, despite the budget-looking platform. To avoid the confusion, I used the Bloomberg app for my itouch and it tracks how much I’m up or down, thereby avoiding the need to rely on the unreliable platform.

That said, Questrade DOES have a few platforms where you can pay money for. I guess you get what you pay for. =)

you know, the QuestraderWEB platform is free/ included, and it’s better than the webtrader platform. At least the + and – are in COLOUR! Not sure if you have checked it out yet. I guess I always just default to “webtrader” because it’s the top tab.

Have you tried moving any money out of questrade since they “upgraded” their websites? It’s been a horrible experience for me. Try contacting customer support and you’ll be on hold for a lot longer than before. Perhaps you should update your review on them and warn people to stay away until all their bugs clear up.

@mike - I have checked out their new website and have tried contacting customer support (I was on hold for a ridiculous amount of time - used the online chat thing and then was on hold for 50 minutes, then called in and got through much quicker). I anticipate these are temporary issues because everyone is probably calling in and asking what their new account number is… I have a post coming up on Friday detailing the new changes. Thanks mike for sharing your opinion рџ™‚

I have not found one person to say that they are satisfied with Questrade & their customer service. This company is THE WORST NIGHTMARE you could imagine – to deal with.

Try calling them – they do not answer for hours.

& # 8211; If you email - they do not answer for days or do not answer at all.

& # 8211; try live chat – most of the time does not work.

& # 8211; eventually if you get someone on the phone – person is plain lying to you or can not help or do not know anything.

& # 8211; THE ARE RUDE AND OBNOXIOUS.

BEWARE – STAY AWAY .

@chris - Sounds like you have had a bad experience. I would not recommend emailing them, but I do find that livechat and calling them quite effective. I think with the recent changes to the interface, there have been MANY calls, and higher call volume. Before, I didn’t have to wait too long (maybe 10 minutes max) to speak to someone, but I’m sure it’ll resolve once everyone settles with the new changes. Again, I am okay paying $5 per trade and dealing with a smaller company than paying $29 per trade and dealing with a big bank.

Questrade has mishandled their change over. They refuse to admit that and they say that 2 weeks to wait for a request is acceptable considering the changes being in place. I have reached the threashold for 10$ trades at big banks, I think it is time to move there. Do not go for Questrade if customer service is a priority to you.

DO NOT SIGN UP WITH QUESTRADE. Here.

@Dan - Transferring from another brokerage can be a big hassle - I remember it was when I was transferring over myBMOinvestorline stuff. Once it’s done though and things are within Questrade, it’s much easier to transfer between Questrade accounts.

Avoid them for this and a ton of other reasons – they are unreliable, their platforms are full of bugs, which they expect their clients to vet via poor customer service and long waits for online or phone help. Bugs that are reported are not fixed for months, losing trades and cash for clients. Cheap? Dificilmente. Since when is bad service and losing money cheap? Avoid like the plague, or sign up at your peril.

hey young have you noticed the recent changes to questrade. they changed thier hours and they now have an inactivity fee. but at least that’s for under $5000 account balance.

do you think thier going out of bussiness?

Definitely not going out of business. I recommend using their online help function, always had much better luck with that. The inactivity fee is very minor as far as I am concerned (especially relative to fees you could pay elsewhere).

WARNING : I want to share with all people that are thinking to open a Questrade account and also to the already clients to be very carefull.

I will relate one issue that it’s happening to me right now with them.

I open an account on March 2012. I fill all the papers as canadian citizen as I am.

after I bougth some dividends US stocks. I check the amount received and I notice that they take 30% for tax proposes and sometimes 35%. (as Canadians we have to pay 15% witholding tax on any US share and dividend payement).

I call them to verify why it’s happening that. and the support desk (Laura), tell me that she will check that for me.

After that she sent me an e-mail telling me that she recalculate all the taxes and she doesn’t see any 30, 35% taken.

I sent to her all my stock list , with all the dividend payement and also I sent to her how I was calculating them.

In front of evidence she accept that was an error . they consider me as non canadian . and they will correct that for me.

I have to escalate to a supervisor ( Lulu, they refuse to give as the last name for all the staff), and she tell me this will be corrected very soon ( My demand was made at the begining of july one month and nothing happens).

The relationship with a broker is based on confidence and transparency.

I ask to them WHY ?, why laura have to see my calculation to assume the error.

the answer was : I don’t know.

I ask why they consider me as non canadian if all my papers are from a canadian?

the answer was: We don’t know, the problem is the clearning broker with we work .

very evasive answer.

She tell me something that is very suspicious : You are the administrator of your account ( that’s right) and you are responsable of ALL. WE COULD TELL YOU BAD ANSWER BUT IT’S YOUR RESPONSABILITY TO VERIFY WHAT WE TELL YOU . THAT HAPPENS VERY OFTEN .

then I want to be aware if you are tradding with questrade to verify on all US dividends stock that you have to TRIPLE CHECK the amount they take for US taxes proposes.

If Questrade make with hundreds of client that they trying to do with me. You could be stoled by 15.% and 20% without you realize that .

BE VERY CAREFULL WITH THEM .

Astor, do you think a language barrier may have impacted the situation. Also, if those stocks were not held in an RRSP, that could have been part of the error?

Their accounting/reporting is inadequate, and there are constantly missing funds from my account, at least 5 times already I have caught them in miscalculations and so on. Be very, very careful with them, it is very hard to recover your missing funds, they mire you in endless red tape even when you prove that they are incorrect.

Their favourite trick is to continue to charge you interest on money that you have paid back (on margin and after selling shares and settling balance), very hard to calculate as they do not include any specifics in their reporting, no specific trades for which the ‘interest’ applies to. Calculate all your trades and fees/commissions etc. manually in a spreadsheet, and you will likely find missing funds from your account.

I can’t move my account until all my missing funds are back, and only have gotten back about half, still missing about $1700 so far. You cannot trust them, period.

Hmm & # 8230; well good to know Japhro, this is very different from our collective experience dealing with them. I guess I also keep things fairly simple and don’t use margin accounts. I know that my US RRSP holdings have been calculated just fine.

My name is Jaanu and I work at Questrade. What you are referring to is the U. S./Canada tax treaty, which allows Canadians with non-American tax status to claim certain tax exemptions including withholding tax on dividends paid by some U. S. corporations.

We are in contact with our clearing house to correct the dividend tax withheld for your eligible securities. For an update on this issue, please contact client services directly at 1.866.783.7866.

Questrade’s accounting/financial reporting is very rudimentary. I had to have my accountant create a new spreadsheet which inputs all the trades and comms (because QT supplies data separately) and calculate running profit/loss. This has shown dozens of errors on QT’s part (all in their favour btw). Now I am in the process of sorting all of that out. The problem is, that they want me to prove every single item, and make a claim for every single item separately. this is tremendously time consuming.

They do not have a single accountant on staff either. Just csm phone staff that know little to nothing.

They might be ok for a small amount, buy and hold account, but to day trade they are a nightmare.

Well as a person that believes the idea of day trading is ridiculous I am definitely fine with the great service I’ve gotten from the boys and girls in green at Questrade!

in queue for over 2hrs as a client needing assistance and no response! bucket shop.

get on live chat its way faster.

btw has anyone tryed Forex with them?

I agree Andrew, as long as you don’t do live chat at 4 in the afternoon. On weekends I get on right away. I’ve never tried Forex. I just assume the IB would probably be the route most forex traders would go.

I do have questrade account.

The commission is cheapest among the other discount brokerage but the service is horrible.

I transferred some money, it didn’t show up in the account (bc I transferred from a joint account)

Transferring money take time.

Also check the currency tranfer fee (it is about 1.5%) BOTH way from Canadian to US and US to Canada.

This is why you use their USD RRSP Raj!

I have been with Questrade for over 5 years and overall I have had an OK experience. Their pricing is fair (but not the best), their customer service is OK, for the few things I have had to contact them. They do have some fees that you should be aware of, for example if you exchange funds from CAD to USD (to be able to use their RRSP USD features, they will charge a markup fee of 2% in top of the forex spread. So in my case it was over $2000 that Questrade took away for this. I find that kind of fee outrageous!! I wish I knew this before hand, I would of have never made the transaction. But this was not advertised in any of their documents or website. Of course, God forbid consumers should need to know this kind of stuff! I have moved all my non-registered accounts somewhere else with more transparent fee structure. What a disappointment!

This is true Herald, but at the same time Questrade is one of the only brokerages that allows you to keep USD in your RRSP. Many of the major banks don’t even allow this.

Quest Trade customer service really bad. I have never seen such a poor response towards customers request.

I went in their office to open an account I requested the representative to let me know about any offers or promotions. She only informed me about the offer for which i was not eligible. For the one i clearly qualify she didn’t mention that.

After opening the account i got to learn about the offer which should have been given to me by quest trade i. e “1 month free unlimited trading” for new accounts.

So i reached out to the customer service and requested them to provide me that offer. The representative assured me that he will back date the offer as its not my fault. But after 2 days on following up on my request the same agent told me that my request was denied and i cannot get the offer.

I will only get 5 trades free i should take it or leave it.

It’s the worst attitude i have ever seen for any customer service. I would ask you guys to stay away form them. Its better to pay few cents extra than to get poor customer service.

This is vastly different than anything we’ve heard from Questrade clients before QTS. Can you provide the name of the person you dealt with and we’ll check up on it?

I’ve been using their services over a 3 years and called them for several questions as I learned the investment process. Always great service. The pros up there are awesome, compared to other brokers. The cons are bearable and actually all just fine with me. It takes a while and they need lots of info to set up accounts.. Well that makes me feel good about security. The platforms are not that great.. I use other several platforms to figure out trades, I use questrade as a broker to fill my orders… The US dollar thing? I can get Canadian/US money in my account in 2-3 days with my direct deposit setup.

QUESTRADE IS THE WORST BROKER EVER!

So many hidden charges, and hidden fees, and restrictions, coupled with terrible customer service, and a confusing platform. This is just a bad company.

Do not recommend. I get better service from my regular bank, even if it’s not great.

I disagree Larry, what hidden fees did you receive? What sort of fees do you pay at your regular bank? Care to compare? I basically pay $0 fees in my account (purchased ETFs trade for free).

What is your opinion about Virtual Brokers?

I’m undecided if I should go with VB or QT for ETF investing.

Nothing wrong with VB. Low fee leader over the years. I personally find Questrade’s platform a lot easier to use.

DO NOT USE THIS BROKER.

I wish I did my due diligence before signing up for Questrade. ALL of their advertising is extremely misleading.

1.) $4.95 Trades. Sounds cheap. They don’t tell you about the additional ECN fees + fees this and fees that. Some of my trades have cost me $25-$100 per trade!! This is way more than the banks & other brokers charge.

2.) Their promotional bonuses!? They will advertise that if you transfer over, they will give you these promotional bonuses. THEY DON’T. I signed up with two separate trading accounts with Questrade. I have yet to get any of my bonuses despite calling in several times. They say they will even pay for your transfer costs. Extremely bad service!! Took one month to set up both my accounts.

3.) Their website is down for upgrades after trading hours every day! This means you can’t research or put orders through after hours. I’ve been with Questrade for 3 months now. Grrr.

Now I understand why they say Questrade is a discount broker. You pay for what you get. Consumers beware.

I can honestly say I have never experienced any of these problems LL. I’m not saying your account is false, I’m just saying I don’t think they are problems everyone faces. I’ve actually traded almost totally for free with Questrade due to their free ETF purchases policy.

Worst Costumer Service ever. I have spent hundreads of dollars there and when I threatened them that I will close my account, they told me to go right ahead..

I was going to cash out some money and they made it so hard. The guy on the phone said that he needed a void check to verify my bank account which is redicilous because A you had to do that when you first made the account and B) I have been sending Bi-Weekly payinments out of my bank account for the the last year…. Makes nooooo sense.

Rob, do you really think that the majority of people ever need to purchase more than 995 shares? Or need to know what a triggered stop sell is? If you are investing at $20,000 a crack and day trading stuff using options and limits you have way more appetite for risk than I do my friend.

My post was a reply to the article not your post, but it doesnt change simple math.

Would you agree though then that if you’re an average millennial investor and buying blocks of a hundred shares or less, then free ETF purchases are a pretty good deal?

not sure why but calculating capital gains/losses is far harder now than it used to be. on’t know why this is such a futile and manual process in this year of 2016.TFSA is far less hassel. Questrade doen’t even list equity symbol. TD Webroker far easier to calculate taxes.

Has anyone tried to withdraw money from their Questrade account, let’s say to a bank account? Existe uma taxa?

Great summary Kyle, I’ve been a Questeader for more than 10 years. I’ve never had any major problems, I did get locked out of a trade due to a mystery glitch once. I’ve seen the platform change several times and I’ve got to say it’s not all that great but it’s acceptable. Never ever had an issue about price or hidden fees because there aren’t any. All of their fees are listed and very transparent. Low cost trading? Pode apostar. I’ve recently moved away from Questeade because I’ve analyzed my past 10 years of trading and found that I am better off keeping my bloody hands off the keypad. I’ve tinkered and botched up a few investments over the years. For me, Questrade has been an excellent low cost trading platform, my life has changed now, time, energy, research, discipline that type of stuff. I no longer do my own trades (I’m a robo guy now). Have to say, learnt a lot ……. and Questrade is a very viable option for those that want to get into things.

Thanks for the input – Ten years is a great amount of time to give a review based on! I hear on keeping your hands off the keyboard and going robo – we’ve heard from many readers who’ve enjoyed this transition.

One thing you should be aware if you use them for ETF’s. There is no charge to buy, but you are charged “the usual commission” when you sell.

I looked everywhere and couldn’t find what the “usual” commission is. Would want to track that down before you get tied in.

Not sure where you looked Tom, but Questrade is up front about it being $4.95 + ECN fees (about .01 per unit) to a maximum of $9.95.

After a lot of people posted their bad experiences with Questrade, I just checked my account where I only bought ETFs. However, I found a worrying issue (I do not know if it was a real problem). I had shares of VFV in my TFSA. I checked vanguardcanada website and found that VanguardCanada distributed the capital gains as cash for VFV shares. However, I can only find the Dividend cash distribution in my TFSA account. It seems that Questrade did not record the capital gain cash distribution for me. If it was true, it means that I lost a lot of money. I found the same problem with VIU shares as well in my TFSA account. Did anyone have the similar problem with Questrade? I cannot believe this happened. I will check it with Questrade to see what happened.

Recently I posted a comment about the capital gain cash distribution. I just had a chat with Questrade agent, who was very nice and patient. I learned something from this chat that TFSA account does not receive any capital gain cash distribution. However, if RSP or margin account, we will receive a tax slip to claim the tax deduction. So there was not any mistake at all with Questrade. So far so good with Questrade.

Appreciate the feedback Jim – sounds like pretty good customer service experience overall?

Nota do Editor & # 8211; Check out Jim’s follow up comment.

I recently opened an account with Questrade as a Non-Resident Canadian Citizen. Most brokerages in Canada (and USA for that matter) will NOT open a brokerage account if you are a non-resident of the country where the brokerage firm is domiciled. Questrade accepted me after being vetted by their lawyer in the country I currently reside in. Before I opened the account I asked a lot of questions via chat and email. The reps have been nothing but exceptional with responses to my questions regarding account documentation, fees related to opening the account, trading fees, withholding taxes as a non-resident, etc. My account was opened without problem after all the necessary documents were received. I transferred money internationally without problems. I have since made several trades buying ETFs and individual securities without problems. So far, I am very happy with Questrade’s service and hope it continues.

Thanks for the thorough review Derek – appreciate your unique experience!

Hi Kyle and Justin – thank you first for all the great resources and articles you provide. I am a trader on TDwaterhouse. Just personal stuff, USD and CDN cash accounts. I have now setup a Questrade account. I have never set up any kind of TFSA account anywhere. I am 55 female. Do you suggest a TFSA account and individual self directed account , and should i be trading in a tfsa, like I say never opened one for anything.? your thoughts are greatly appreciated. Susan.

Hard to make any individual recommendations based on that info Susan. It all depends on income level, current RRSP/TFSA contribution room etc.

Just a quick question, I am planning on opening an RRSP account at Questrade and wondering about your promo code. In the past, I opened at TFSA with Questrade and used a friends refer-a-friend promo code and and received $75 (invested >$25K) deposited into my Margin account. Is your promo code the same promo? You mentioned $50, but according to Questrade’s website, $50 promo bonus is only offered if investing a minimum of $10K. Is this correct for your promo code?

And lastly, but most importantly, you mentioned that the $50 can be used later for several year’s worth of needing to sell off ETFs for rebalancing purposes. Are you sure you can carry that $50 indefinitely. I seem to remember when I originally opened just the Margin account, Questrade’s promo was that they would give you a 5 free trades if opening any account by a certain deadline. I did so, but the stipulation was that those trades needed to be completed within 90 days of the account being opened, which was never explained to me and had to place a complaint with them. In the end, they did reimburse me the trade costs, but I would like to avoid the same thing here, so I’m curious if the $50 can be carried in future years indefinitely?

Ótimo artigo! Love your site.

Margin accounts are a different deal than RRSPs – so I would imagine the promos are different.

Our promo code is specific to Young and Thrifty, and you only need to invest $1,000 to trigger the $50. I have yet to hear from anyone that has had the $50 run out on them, but truth be told, if you’re using the account for several years and your fees add up to be less than $50 – that’s already a win isn’t it?

I opened an RRSP (started the application) but unfortunately, Questrade informed me that your promo code is not acceptable since I am an existing Questrade client with other products with them. This is a bummer.

I have not funded the account yet with the minimum of $1,000 as I was planning on closing my RRSP account with RBC and moving them over to Questrade, but if that promo code is not accepted, then I have to rethink this or find another code, if possible.

They did offer me their standard 5 free trades using promo code 5FREETRADES but I don’t want that because after reading their T&C those 5 free trades must be placed within 60 days of activating the RRSP account, which completely defeats the purpose of using them with ETFs since buying is free and the portfolio rebalance would be likely be once per year.

Still I appreciate your website and knowledge base, thank you.

Hey Kyle, I wonder if you can transfer your RRSP from like another brokerage like TD to Questtrade for free? does it have to be like min 25k?

Hey KM – if you use our promo code Questrade will pay the fees up to $150!

Kyle, I checked the terms and conditions at my. questrade/my_ac…e=a1b9d1d9 and it does say it’s only for 30 days.

“Once your account has been activated, any trades you execute within the next 30 days will receive trading commission rebates, up to a total.

maximum rebate of $50.”

“Only trades completed within 30 days of account activation will be eligible for the rebate.”

The 5FREETRADES promo is good for 60 days. I suppose the affiliate offer would be more useful to someone doing more than 5 $4.95 trades in the first month; if doing $9.95 trades then 5FREETRADES is equal or better. Unfortunately neither of these seem very useful to ETF index investors.

You seemed to think the $50 does not expire. Is this something that has changed for 2018?

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