Score

6.71 /10
Average

Questrade

Regulated in Canada

Market Making(MM)

Global Business

Medium potential risk

AA

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Score

Regulatory Index6.32

Business Index7.51

Risk Management Index8.90

Software Index5.69

License Index6.37

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VPS Standard
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Broker Information

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Company Name

Questrade, Inc.

Company Abbreviation

Questrade

Platform registered country and region

Canada

Company website

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Questrade · Company summary
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.

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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.

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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.

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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.

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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.

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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)

News

NewsQuestrade Integrates TradingView into Platform

Questrade announces the integration of TradingView, enhancing investment tools for customers.

WikiFX
2024-05-19 08:00
Questrade Integrates TradingView into Platform

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smiler296
more than one year
几周前在试用一个月的模拟账户后,我开了一个迷你实盘账户。与其他经纪商相比,QuestradeFX开户需要大量文件。我不喜欢它们基于网页的Java交易平台,启动太慢。也不支持对冲,且不显示换仓利率,这对carry trade很烦人。图表和客户服务尚可。选择QuestradeFX是因为我能方便地从股票交易账户转账,这些账户也是在Questrade开的。一旦经验丰富,若上述问题未解决且未添加自动化系统(如Metatrader),我将考虑转投其他平台。
几周前在试用一个月的模拟账户后,我开了一个迷你实盘账户。与其他经纪商相比,QuestradeFX开户需要大量文件。我不喜欢它们基于网页的Java交易平台,启动太慢。也不支持对冲,且不显示换仓利率,这对carry trade很烦人。图表和客户服务尚可。选择QuestradeFX是因为我能方便地从股票交易账户转账,这些账户也是在Questrade开的。一旦经验丰富,若上述问题未解决且未添加自动化系统(如Metatrader),我将考虑转投其他平台。
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2024-07-31 14:27
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smiler296
more than one year
几年前我通过该公司交易,轻松无碍地关闭了账户。秋季节交易艰难,觉得继续外汇交易不值,故而关闭。员工不错,但等待时间有时较长。现在我使用互动经纪人平台,更快更可靠。
几年前我通过该公司交易,轻松无碍地关闭了账户。秋季节交易艰难,觉得继续外汇交易不值,故而关闭。员工不错,但等待时间有时较长。现在我使用互动经纪人平台,更快更可靠。
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2024-07-31 14:20
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