GENERAL INFORMATION AND REGULATIONS
Questrade, Inc., Purportedly A Registered Investment Dealer, Is A Member Of The Investment Industry Regulatory Organization Of Canada (IIROC) And A Member Of The Canadian Investor Protection Fund (CIPF). It Is An Online Brokerage Founded In 1999, Headquartered And Regulated In Canada, Offering A Variety Of Tradable Products On All-in-one And Advanced Trading Platforms, Various Tools To Help Traders Trade, As Well As Administration, Trade Execution, Custody And Reporting.
PRODUCTS
Questrade Advertises That It Is A Multi-asset Platform With A Wide Range Of Financial Marekt Trading Instruments Including Stocks, ETFs, Options, Forex, IPOs, CFDs, Mutual Funds, Bonds, GICs, International Stocks And Precious Metals. The Broker Also Offers Self-directed Investments And Portfolios.
Account Types
Questrade Offers A Wide Range Of Trading Accounts. Just Taking The Most Popular Account Types As An Example, The Broker Offers Traders Four Different Options, Namely A Tax-Free Savings Account (TFSA), A Registered Retirement Savings Plan (RRSP), An Individual Margin Account And A Registered Education Savings Plan (RESP). No Minimum Initial Deposit Amount Is Required To Open An Account. However, If You Want To Start Investing, You Must Deposit At Least $1,000 In Your Account.
Trading Platform
When It Comes To Available Trading Platforms, Questrade Offers Traders All-in-one Platforms Questrade Securities Trading (web Version) And Questmobile, As Well As Advanced Trading Platforms Questrade Edge (web And Desktop Versions), Questrade App, And Questrade Finance Worldwide. Anyway, We Recommend That You Use Metatrader4 Or Metatrader5 As Your Trading Platform. As Most Traders Know, MT4 And MT5 Are Known As The Most Successful, Efficient, And Competent Forex Trading Software. MT4 Offers An Intuitive And User-friendly Interface, Advanced Charting And Analysis Tools, And Copy And Automated Trading Options. While MT5 Allows Traders To Execute Trades On Different Financial Marekts Through One Account, And There Is A Hedging Option.
Tools
In Addition To The Free Trading Platform We Covered Above, Questrade Also Offers Some Free Trading Tools. The Broker Offers Tools For Intraday Traders And IPO Hubs To Help Traders Stay Ahead Of The Market, As Well As Some Tools To Help Traders Make Informed Decisions And Stay Ahead Of Their Investments.
Deposits And Withdrawals
Questrade Says It Accepts The Most Popular Electronic Funds Transfer (EFTS) And Telegraphic Transfer Withdrawal Methods. Electronic Transfers Are Completely Free And Can Take Up To 5 Business Days, While Telegraphic Transfers Take 1-2 Business Days To Process. Canadian Dollar Telegraphic Transfers Will Be Subject To A Withdrawal Fee Of $20 CAD, US Dollar Telegraphic Transfers Will Be Subject To A Withdrawal Fee Of $30 USD, And International Telegraphic Transfers Will Be Subject To A Withdrawal Fee Of $40 CAD Or CAD Wire. As For Deposits, The Broker Says Deposits Are Instant And Funds Will Appear In Your Account Immediately.
Fees
Questrade Also Charges Some Fees. For Self-directed Investments, Stocks Start At 1 Share/share (minimum $4.95 To Maximum $9.95); While For Portfolios, Management Fees Start At 0.25% (0.20% After $100,000).
Customer Support
Questrade Can Be Reached By Phone: + 18887837866 Or Via Live Chat To Our Customer Support. Additionally, You Can Follow The Broker On Some Social Media Platforms, Such As Youtube, Instagram, Facebook, Twitter And Linkedin. However, The Broker Does Not Disclose Other More Direct Contact Information Provided By Most Brokers, Such As Email Or Company Address.
Advantages Disadvantages
Advantages
- No Minimum Deposit Required
- Multiple Trading Accounts To Choose From
- Advanced Trading Platform Available
- Online Support Available
- Diverse Products And Services
- MT4 Or MT5 Trading Platform Not Available
- Limited Payment Options
- Slow Payment Processing
Disadvantages
