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Questrade Review
THE broker for buying gold.
COMPANY ACCEPTS ONLY CANADIAN CITIZENS and PERMANENT RESIDENTS!
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Questrade Review 2012: Commissions, Fees and Investment Products
- Stocks and ETFs: 1 cent per share, $4.95 minimum, $9.95 maximum per trade
- Options: $9.95 plus $1 per contract
- All options assignments are $12.95 flat
- Mutual funds: $9.95
- Gold: $20 per trade
- International stocks: 1% of the trade value (minimum charge of $125 USD)
- Bonds: $30 per trade
- Investment products: stocks, options, mutual funds, international stocks, gold, CNSX securities, bonds, term deposits, GICs, ETFs
- Minimum to open Questrade account: $1,000, $250 to keep an account open
- All Questrade fees
- Individual
- Joint
- Informal trust
- TFSA (Tax free savings account)
- RRSP
- LIRA
- RIF & PRIF
- LIF
- Individual RESP
- Family RESP
- Corporation
- Investment club
- Formal trust
- Partnership
- Sole proprietorship
Questrade Website (Questrade.com)/Trading Tools Review
Questrade offers basic and advanced platforms to trade stocks and options. The basic platform (most popular)
offers free instant quotes. The advanced platforms provide streaming quotes, and users can customize their platform
by adding additional market data. Combined with commission rebate on data plans, customers can get advanced platforms
for free – the more they trade the bigger the rebate.
Basic platform, QuestraderWEB is a free, web-based platform that includes up to 1,000 instant quotes per month.
Included data: TSX, TSX Venture, Canadian options, NASDAQ, NYSE, AMEX, U.S. options.
Advanced platforms provide real-time streaming data - the quotes will automatically update with the latest information.
Advanced platforms can also take advantage of our commission rebate on data plans.
QuestraderWEB with Quotestream enhances the basic web-based platform by providing streaming data for a richer
trading experience.
QuestraderPRO is a desktop platform recommended for active traders. All subscribed data is streaming.
QuestraderELITE is a superior version of QuestraderPRO that offers additional stock, chart, and order boxes
along with bracket orders. All subscribed data is streaming.
Questrade Pros
- Good commissions for stock and ETF orders of up to 700 shares
- Cheap mutual fund commissions
- Ability to buy physical gold
- No surcharges for large orders, penny stocks and extended hours trading
- Ability to hold US $ in RRSP account
- Forex trading is available
- Online Trading Academy courses
- Checking account (but with annual fee)
Questrade Cons
- Customer service needs improvement
- No research reports
- Outgoing ACAT: $125 - most companies charge this fee, but few have it so high
Questrade Review Summary
Questrade is Canadian owned and operated brokerage that also provides brokerage services only to Canadian citizens. It offers
direct access trading with 1 cent per share, $4.95 minimum and $9.95 maximum per trade commission.
One unique feature of Questrade account is an ability to buy, sell, and hold physical gold for
$20 per trade. Plus, the firm will lend up to 80% on gold bullion in non-registered accounts, so customers can buy gold
on credit and borrow on the bullion already
in their margin account. Client's gold is kept safe at the Royal Canadian Mint.
Unlike most other brokers, Questrade has no surcharges for large orders, penny stocks and extended hours trading.
The firm also has no account fees and no hidden fees.
Questrade Promotional Code/Offer 2012: click link below to get $50 in free trades
Questrade
Reviewed by Brokerage Review on
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Rating: 4.5
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