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Score
Canada
5-10 yearsRegulated in Canada
Market Making(MM)
Global Business
Medium potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index6.32
Business Index7.51
Risk Management Index8.90
Software Index5.69
License Index6.37
Single Core
1G
40G
More
Company Name
Questrade, Inc.
Company Abbreviation
Questrade
Platform registered country and region
Canada
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Registered Country/Region | Canada |
Regulation | IIROC |
Minimum Deposit | No limitation |
Maximum Leverage | N/A |
Minimum Spreads | N/A |
Trading Platform | Questrade Trading (web version) and QuestMobile, and Questrade Edge |
Demo Account | N/A |
Trading Assets | Stocks, ETFs, options, forex, IPOs, CFDs, mutual funds, bonds, GICs, international equities and precious metals |
Payment Methods | Electronic Funds Transfers (EFTs), Wire transfers |
Customer Support | Phone, Email |
General Information & Regulation
Questrade, a trading name of Questrade, Inc., is allegedly a registered investment dealer, 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 company established in 1999, based and regulated in Canada that provides various tradable products on all-in-one platforms and advanced trading platforms, different kinds of tools to help traders trade, as well as many services such as administrative, trade execution, custodial, and reporting.
Products
Questrade advertises that it is a multi-asset platform with an extensive range of trading instruments in financial markets, including stocks, ETFs, options, forex, IPOs, CFDs, mutual funds, bonds, GICs, international equities and precious metals. The broker also offers self-direct investing as well as portfolios.
Account Types
There is a wide selection of trading accounts offered by Questrade. Just take the most popular account types as an example, the broker gives traders four different choices, namely Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), Individual Margin Accounts and Registered Education Savings Plan (RESP). No minimum initial deposit amount is required to open an account. However, you have to deposit a minimum of $1,000 in your account if you want to begin investing.
Trading Platform Available
When it comes to trading platforms available,Questrade gives traders all-in-one platforms of Questrade Trading (web version) and QuestMobile, and advanced trading platforms of Questrade Edge (web and desktop versions), Questrade app and Questrade Global. Anyway, we suggest you use MetaTrader4 or MetaTrader5 as the trading platform. As most traders know, the MT4 and MT5 are known as the most successful, efficient, and competent forex trading software. The MT4 offers an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While the MT5 allows traders to execute trades on different financial markets through a single account and there is a hedging option.
Tools
Apart from the free trading platforms we have involved in above, Questrade also offers some free trading tools. The broker offers the tools of Intraday Trader and IPO Centre to help traders stay on top of the markets, as well as some tools to help traders make informed decisions and stay on top of their investments.
Deposit & Withdrawal
Questrade says to accept the most popular withdrawal methods of Electronic Funds Transfers (EFTs) and Wire transfers. EFTs are completely free and may take up to 5 business days, while Wire transfers require 1-2 business days to process and will be charged a withdrawal fee of $20 CAD for CAD wire, $30 USD for USD wire and $40 USD or CAD for international wires. As for deposits, the broker says the deposits are instant and funds appear in your accounts immediately.
Fees
Questrade also charges some fees. For self-directed investing, Stocks starting at 1/share (min. $4.95 to max. $9.95); while for portfolios, management fees starting at 0.25% (0.20% after $100,000).
Customer Support
Questrade‘s customer support can be reached by telephone: +18887837866 or by chat online. Besides, you can also follow this broker on some social media platforms like YouTube, Instagram, Facebook, Twitter and LinkedIn. However, this broker doesn’t disclose other more direct contact information like email or the company address that most brokers offer.
Pros & Cons
Pros | Cons |
No minimum deposit required | MT4 or MT5 trading platform not available |
Multiple trading accounts to choose from | Limited payment methods |
Advanced trading platform availablee | Payments are slow to process |
Online support available | |
Diversified range of products and services |
Frequently Asked Questions
Is Questrade regulated?
Questrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC).
What trading platform does Questrade provide?
Easy forex provides Questrade Trading (web version) and QuestMobile, and Questrade Edge.
.What is the minimum deposit required by Questrade?
No minimum deposit is required to open an account with Questrade.
What types of trading accounts are available with Questrade platform?
Three types of trading accounts are available with Questrade, which include the following:
Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP)
Individual Margin Accounts
Registered Education Savings Plan (RESP)
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User comment
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