Other fees may apply, including inactivity fees. The downloadable platform is called IQ Edge, and it is very customizable with additional research features and order types. You must be aware though of theBecause of this inactivity fee, if you don’t either invest $5,000 or make at least one trade per quarter, I wouldn’t recommend signing up with Questrade because the fees will eat into your already small holdings inside your account.An easy way to get around this is to buy an ETF every month (which is If you’re trading foreign stocks such as in the U.S, be aware that there will be a foreign exchange fee for converting your Canadian dollars into whatever currency is needed.
You also get $50 for every third referral. To help you make smart investment decisions, Questrade provides self-directed clients with access to a variety of online investing and market research tools.
The zero-commission stampede that swept brokers in the United States stopped at the Canadian border.
You can use the Intraday trader to monitor the target markets that you are interested in trading in. It only gets 2.5 stars out of 5, and there are over 200 reviews. The tool provides analysis for stocks and ETFs. The company was founded in 1999 in Toronto.Questrade is known mainly for its online trading platform, where Canadians can buy and sell ETFs, stocks, and other investments and build their own portfolios.If you’re confident in your investment skills and shopping around for the best discount brokerage in Canada, Questrade should be shortlisted as one of your options.There are two main types of fees with any discount brokerage: it’s account fees, and it’s trading fees.One of the best things about Questrade is it’s zero account fees and minimums. Overall, the platforms are intuitive and easy to navigate. It offers a lot more flexibility to Canadian investors, including an automated portfolio builder and significantly lower fees.
Market Intelligence is a fundamental research tool that delivers a lot of information.
There is also access to mutual fund research. Trading forex and CFDs requires the Questrade FX Global app. Questrade clients can take advantage of partnerships with third party analysis and trading platforms including VectorVest, YCharts, OptionsPlay, Quantcha and Trading Diary Pro. Morningstar provides the data as I mentioned earlier in this review. Looking up earnings reports on specific companies or even complete sectors is now a breeze with Questrade. Questrade Market Intelligence and Intraday Trader.
IQ Edge offers more insight into a client’s portfolio, with analysis that shows exposure to various sectors, asset types, industries, and currencies.
There are a few customization options, such as choosing columns for reporting and order entry defaults.
As more people are moving away from desktop computers, mobile apps will only increase in popularity so it’s nice to have this option available.The mobile app has less than a 2-star rating on both iOS and Google Play, which is concerning and probably means they aren’t any good.