Questrade Review

Questrade has the lowest commission cost and fees in Canada, calculated at $0.01 per share: $4.95 minimum charge ($9.95 maximum cost). Questrade has no annual fees, no cost on ETFs, offers many trading platforms, much touted tools, & 20 years experience. Questrade often rate #1.

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Questrade ReviewQuestrade ReviewEditor Rating: ( 90% )User Rating: ( 95% )When it comes to investing, as of November 2017, the trading landscape is bathed and bursting at the seams with countless financial brokerage houses. Big names like BMO InvestorLine, RBC Direct Investing, TD Direct Investing, Interactive Brokers, Scotia iTrade, and at least a dozen more are available to chose from. Sadly, through deeper analysis one can’t easily distinguish distinctive differences amongst them, especially within the circle of the big banks. Most brokerage firms primarily make their revenue through new and inventive concoctions of countless and ongoing fees pushed onto their account holders. Such fees include, but are not limited to, administrative fees, set-up fees, activity fees, inactivity fees, hidden fees, and after-hour fees. These added costs might be fine and dandy for the fractional percentage of high-volume traders simply because their sheer trade volumes and realized gains can potentially offset those expenses over time. However, for the rest of us those added and consistent fees are a reminder that over time “the house always wins”.

Questrade Offer Code

Use Offer Code: Canada to receive $50 in Free Trades from Questrade.

Beginning investors will usually look to their local bank to open their trading account primarily out of convenience since they already possess one or more personal chequing/savings accounts with that bank and so opening a trading account is a mere phone call away. The unfortunate disaster with that approach is that big banks, and for that matter, virtually every other brokerage firm in Canada will charge you an arm and a leg for any kind of activity you do (and don’t do) in your trading account. Yes, even in this expansive internet age where everything is self-serve 24/7 convenience, commission schedules across the board are long, robust, and very much corporate bottom-line friendly. With standard rates at $29-$49 per trade being commonplace one can’t help but question if the entire industry is part of some price-fixing scheme. Where are the choices?

First a little about me. I am not an aggressive highly active trader. Most times I will take the buy-and-hold approach as my tried-and-true investment style. And so when I buy into a company I do so for the long-term. However, at times I do get that itch and begin trading like a crazy person but this does not happen often.

Questrade

Questrade is an online non-bank brokerage firm founded many years ago, back in 1999. They often garner top spot honours in Globe and Mail, MoneySense Magazine, and Deloitte annual rankings, having captured Canada’s highly coveted Best Managed Company award for many years. Questrade has aimed to make a difference — reduce trading costs and fees dramatically while enhancing every aspect of the user experience in a market that originally was far too expensive for the average investor.

Seeing the growing discontent of active and inactive traders alike who were tired of watching their market gains washed away in a deluge of new brokerage fees by other companies Questrade began a process of streamlining the entire investment approach. Being independently owned and not affiliated to any of the big banks gave (and still gives) Questrade unparalleled advantages, which includes nimbility to react to customer needs and to explore uncharted investment territories quicker than what would typically be possible by their big bank brethrens.

In the rest of this review I will explore Questrade and their collective offerings in terms of the good and the bad.

Commissions & Fees

Stocks1¢ per share – $4.95/trade minimum / $9.95 maximum charge
ETF (Exchange Traded Funds)Free (No commission charge)
Options$9.95/trade + $1/contract, or Active @ $4.95/trade + 75¢/contract
Forex TradingCost is integrated in the pip spread @ approx. 1-2 pips
Debenture Trading$30/trade
Mutual Funds$9.95/online. Offline add an additional $45 for trader fee
Gold$19.95/trade
International StocksCost is 1% of trade value (minimum charge of $195)
Bonds/CNSX Securities/GICsFree (No commission charge) – minimum order size of $5,000
Canadian IPOs$9.95/order – minimum order size of $5,000
Portfolio IQ (Managed Investing)Cost varies – 0.35% to 0.70% (minimum of $2,000 in assets)

Questrade offers a well-crafted industry unique ‘democratic pricing’ stock trading commission: 1¢ per share with a minimum charge of $4.95/trade and a ceiling maximum commission charge of $9.95 — ideal for long-term investors. Their fees have never changed since their inception, so there is no concern that this impressive pricing structure will ever go up. Active traders (or anyone at anytime) have the alternative option of 1¢ per share (1¢ minimum / $6.95 maximum), or a $4.95 flat stock commission charge — ideal for high volume share trades. Options investing for these active users come with an attractively low $4.95 + 75¢ per contract. And the process of enrolling into this alternative program simply involves subscribing to one of Questrade’s several advanced market data plans.

This should be glanced at again! It is not a typo! Questrade offers the cheapest trades in all of Canada. Their price point is so impressive that it actually encourages new and/or small investors to jump in and take part in the investment game while also enticing disgruntled active traders of other brokerage firms to transfer in (they will pay your transfer out fee charges imposed by other financial institutions). Questrade makes it abundantly clear that they don’t charge setup fees, annual fees, nor inactivity fees (more on this later) on any of their services which is a welcome change to the industry norm. However, for those looking for more of an actively managed portfolio touch there is a specialty service they offer at a nominal annual fee. This will be discussed in-depth later in this review.

From the table above you may have spotted a few additional noteworthy perks provided by Questrade: free ETFs and IPOs.

The ability to buy ETF (Exchange Traded Funds) funds at no commission charge (they are free to buy) started in 2013 and it radically lowered the cost for index investing — the cost became $0 — and opened up a whole new world for those who prefer to purchase on a monthly basis to take advantage of dollar-cost averaging. With this charge no longer part of the equation, compound interest has never looked better. Numerous other brokerages (which includes banks) out there still charge a fee for ETF trades, and as such, timing the market is a common practice by many people because, let’s face it, it saves on commission costs. The ill-advised timing strategy is now no longer necessary while investing with Questrade. And with so many investors turning to ETFs these days due to their low MERs and diversified reach it is a wonderful breath of fresh air to be able to do so at no cost. Questrade may be one of the first discount brokers in Canada to do such a thing, and I applaud them. Rebalancing of portfolios just got a whole lot more convenient because of this. Recall that rebalancing is simply a realignment of the weightings of a portfolio of assets. And so by making use of the ability to buy ETFs for free you would periodically buy more assets into your portfolio to maintain its original desired level of asset allocation. This means you would quite literally pay nothing to invest through Questrade, significantly boosting your long-term fortunes.

As for IPOs (Initial Public Offering), we will also be discussing this in extensive detail under its own section later on. For those not familiar with IPOs, these are simply the first sale of new issues by a private company to the public. Questrade regularly has access to a wide range of new offerings, making them available to clients.

Questrade Accounts

Investment StyleAccount Type
Self-Directed Investing
  • Standard Margin:
    Individual / Joint
  • Trust:
    Informal / Joint Informal / Formal
  • Organization:
    Sole Proprietorship / Partnership / Investment Club / Corporation
  • Registered:
    TFSA / RRSP / LIRA / RIF / LIF / Individual RESP / Family RESP
  • Forex (FX) & Contract For Difference (CFD) Trading
Managed Investing
  • Professionally and Actively Managed by Questrade

Self-Directed Investing accounts are for those who want full control of their investment decision-making. These type of accounts will save you the most money, in terms of commission costs. The Standard Margin (Individual) account is the most popular account type opened.

Managed Investing accounts are for those who want Questrade to manage all investment decisions on their behalf, for a nominal fee. These type of accounts require the least amount of effort on your part and tend to earn higher returns in the long-term.

Many of the listed account types shown above will be discussed in more detail throughout the remainder of this review.

New Account Sign-up

The process of opening an account online is remarkably intuitive, painless, and very quick (2 minutes for your general account, access to practice platforms, and community discussion / 20 minutes total for opening trading accounts). You will need your social insurance number (SIN), bank account information, and employer details (or source of income if unemployed). And although they have an offline printout alternative I highly recommend their secure online process instead because it reduces the amount of write-in errors and legibility issues, and supports DocuSign for the online signing process.

Questrade Offer Code

Use Offer Code: Canada to receive $50 in Free Trades from Questrade.

Sign-up Start Page
Account Selection
Agreements

One of the first things you must do while signing up is to create a user ID and password for your new account. In earlier days Questrade had an automated process that generated and emailed this password, and along with your email address served as your primary login credentials. This old way became a potential vulnerability and so they thankfully changed it back in 2011 to what they have now. The benefit of creating your own user ID and password also makes it much more convenient to return to an incomplete application at a later time. Sessions time out after 30 minutes of inactivity giving you ample time to collect required documents and credentials, and review your inputted details.

Questrade offers two collections of accounts: Self-directed and Managed Investing. If you want to have full control over your account(s) then self-directed is for you. For those who want a professionally managed approach handled by a real staff (Questrade Wealth Management division) behind the scenes that carefully considers your personal goals and risk tolerance to match, manage, monitor, and adjust for the best investments without your daily involvement then managed investing (known as Portfolio IQ under Questrade’s lexicon) is the best option. However, unlike self-directed, Portfolio IQ does come at a price — a $14/year minimum management fee. In my opinion self-directed is all one will ever need considering how making informed investment decisions is quite simple for even newcomers these days; and to compound on this, self-directed accounts have no fees (outside the usual trade commission) associated with them unlike their managed investing cousins. I’ll go in-depth on their managed investing offering in a later section.

After signing up online (don’t forget to use the Questrade offer code during sign up) you are able to immediately login to your new account and have a look around. However, to officially activate your account (to begin trading) an initial deposit is required — self-directed: $1,000 for margin accounts, $1,000 USD for forex accounts (CAD deposits are auto-converted to USD), $5,000 to trade option spreads, $25,000 to write/sell uncovered options, and managed investing (Portfolio IQ) requires at least a $1 initial deposit. Once this initial minimum deposit has cleared Questrade emails you a confirmation message. For offline applications you will be contacted by a representative confirming trading can begin. It takes 1-3 business days from signing up for your account to begin trading. The longest part of the process is waiting for the funds to be received and processed by Questrade. Once everything is a go, maintaining a minimum equity balance of $250 is essential to keeping your active account in good standing.

Questrade supports several methods to fund your account including EFT (from CAD bank accounts just make a regular bill payment), wire transfers, cheques, pre-authorized deposits, money orders, drafts, stock certificates, broker-to-broker transfers, and from other existing Questrade accounts (under your name). It should be noted though that you cannot use the EFT method to send USD to your Questrade account. The reverse is possible where you can withdraw USD funds to a USD bank account (they require a void check or a pre-authorized deposit agreement form signed and stamped by the bank). To deposit USD you can set up a pre-authorized deposit agreement with Questrade which takes about 1-5 business days, or send a certified cheque/bank draft to their office, or wire transfer the USD funds directly to your account. Alternatively, you can also convert your existing CAD balance (within your account) to USD using the Exchange Funds tool (found under Requests) which can take up to 24 hours to process, or take advantage of Norbert’s Gambit (successful conversions have been confirmed). Funding your margin (or registered) account by either currency type will automatically be placed into a sub-account (more about sub-accounts later) of the same type (they do not perform automatic conversions — you must execute the request on your own). Electronic withdrawals take roughly 3 business days to process and arrive into a bank account.

An interesting related note is that Questrade continues to be the only brokerage in Canada to allow dual-currency (CAD and USD) to be held simultaneously inside registered accounts (i.e., RRSP, RESP, TFSA, LIRA, RIF, LIF) at no cost which in and of itself will save a tremendous amount of money from unnecessary conversion fees. And whereas other brokerage houses do routinely charge annual fees for just having a registered account, Questrade doesn’t charge an annual fee at all; allowing your yearly contributions to grow with maximum efficiency.

Please be aware that Questrade rolled out a subtle but important revision to its inactivity fee policy. It’s actually not that bad when you peruse the details. If anything it’s quite reasonable. As has been long known Questrade does not charge an inactivity fee, but this policy adjustment can potentially charge $24.95 (no tax) per calendar quarter. If, however, you make at least one commissionable trade per quarter (once every 3-months) you will not get charged any inactivity fee at all. If you are inactive for a quarter and do get charged this fee, but then go about making at least one trade in the following quarter you will receive up to $24.95 in commission-free trades. Charitable and forex accounts, individuals 25 years of age or younger, as well as any new account opened for only 6-months are exempt from this fee (you will not get charged for being inactive). Also, all clients of Questrade, and households having the same physical address, with combined equity assets of at least $5,000 are exempt. For most investors this change is trivial since their assets are almost always over $5,000, and so will never get charged this inactivity fee. As I pointed out earlier, I think this change is perfectly reasonable and still miles better than all other discount brokerage houses who not only charge an inactivity fee, with no exceptions, they do so more frequently (each month) and tack on countless hidden fees which Questrade does not.

Member Login

Your account’s primary client control portal, once you login, is known as myQuestrade (alternatively, some like to call it Questrade Account) and, quite simply put, it is a beautiful experience with well thought out organization and visual appeal. Someone put a lot of love into this area — providing a consistent fully immersive and responsive experience, accessible on smartphones, tablets, laptops, and desktops. This portal fully integrates trading and account management together very seamlessly giving immediate access to buy/sell securities, work with research tools, make use of a bustling library of partner apps (and developer’s API), view your account activity, analyze balances and positions, manage your personal details, view statements, make fund transfers in/out of your accounts, upload/download your documents, exchange CAD/USD currency, take corporate action on shareholder communications, transfer positions, open additional accounts, retrieve tax slips, exercise options, and interact with mutual funds.

Questrade Account
Investment Summary
Mutual Fund Centre

Upon logging into your account for the first time you are asked to select a default home base. A home base is where you would like Questrade to directly place you each time you log in. You have a choice of either the trading platform or account management. Although it’s a convenient time saver you can jump between each at any time via an always-visible top menu bar. Once you’ve made your choice Questrade walks you through an interactive user guide on how to use the environment.

Accounts #’s consist of 10 numerical digits (e.g., 12345678-90). This is a big jump from their pre-2011 6-character alphanumeric size and as such some external banks have been reported to still impose an 8-character limit for payee accounts when you attempt to send money to Questrade. To get around this you only need to provide the 1st 8-digits of your Questrade account # and the funds will still arrive successfully.

If at anytime you need help on practically anything you can always use the online Questrade Live Help session (usually accessible from the top or right-hand side of Questrade’s site) — operational from Monday to Friday (excluding holidays) from 8:00am – 8:00pm ET. I have found that using Live Help is much quicker than calling their offices — which is available Monday to Thursday, 8:30am – 8:00pm ET and Friday, 8:30 am to 5:30 pm ET. And after speaking to several of their online representatives (those who deal with potential new accounts and others who deal with existing accounts) I found them to be very well-informed, professional, and quick in their responses. They also took the extra time to provide web links for further reading which was a nice bonus. When the chat feature is unavailable (e.g., weekends, holidays, or outside service hours) you’re still able to leave a detailed message which will receive a timely response from their representative when business hours resume.

They also have several self-help areas, including a robust learning centre of ebooks (e.g., FX & CFD trading, options strategies), fact sheets, an in-depth glossary, and a very active online community discussion forum called The Exchange. The Exchange is where you’d want to hangout and ask questions among other investors like you, share expertise, and browse a growing library of help and how-to resources. For me, I’ve had a lot of enjoyment in this area because others have shared incredible investment advice and unique tips that I may not have discovered in other ways. Questrade’s representatives are also highly engaged in this forum.

Account Activity / History

Located under Reports are a slew of subcategories providing details about trading and general account activity. Some of these subcategories include: Investment Summary (pictured above), Investment Return, Account Activity, Statements, Trade Confirmations, and Tax Slips. When Questrade made significant changes to its UI back in 2011 they in effect moved all trading activity history into the client portal. This is a very welcome change because prior to this all trading activity history was provided by a third-party clearinghouse company called Penson Financial Services and you had to use a completely different site and another set of login credentials to get access to this information. Thankfully those days are long over and you can now get a list of all your investments (stocks, funds, bonds, etc), current cash balances and positions (in CAD and USD), total equity, buying power, and more all within one location. Trading history is maintained for 36 months while eStatements, generated monthly, are stored for 7 years. Tax slips (e.g., T3, T5, T5008) are also available electronically for each year.

Statements are categorized monthly with new statements being published on the 15th of each month, and available for immediate download in the PDF file format. These reports have improved dramatically over the years and now contain a rich display of very useful colorful charts and graphs to make it easier to understand your performance to-date and compare it against previous years. More specifically, on display are very detailed, but very carefully constructed to be intuitively understood by the layman investor, breakdowns of the month’s activity details, current and historical rate of return, a summary of all trades settled by the end of the month, conversion rates, dividend distributions, allocations, and special brokerage notes. Because I am very much similar to an average investor the style and detail laid out in these statements are a remarkably useful bonus offered by Questrade.

Trade Confirmations
Statements
Account Activity

Although Questrade’s Trade Confirmations database claims to carry trading details dating back to January 1st, 2009 we found that activity done prior to February 4th, 2011 requires members to visit the old Penson site. And that those interested would need to have their old 6-character Questrade account #(s) because the Penson site does not know anything about the existing 10-character account # representations. Here is a quick peek at what the Penson trade activity site looks like.

Trade Activity (up to Feb 2011)

As stated above, this Penson site is only relevant to existing Questrade members who wish to access archived trading activity prior to February 2011. All new members can ignore what I just said and skip to the next paragraph. But for those interested in Questrade’s chronological history — as noted and visually seen above — trade activity was outsourced and as such the first noticeable difference was that the web UI was completely different and very behind in the times. At the time it was still very surprising that with the skill set and desire by Questrade to offer a clean and friendly UI experience on their main web domain that they didn’t feel it necessary to pony up the cash to in-house these account activities, nor had the motivation to request web-service APIs from Penson giving them free rein to skin over the original Penson experience. Although the details held within Penson were extensive it was cluttered and confusing. The trade and settle date balances took 24 hours to be reflected in history; the same was true with buying power which updated once, at the start of each day. Most of what was found in this old Penson site is now integrated into Questrade trading platforms, discussed later.

Questrade margin and registered accounts are comprised of two sub-accounts — one for Canadian funds, the other for U.S. funds. This is very convenient since it reduces unnecessary conversion charges when trading U.S. instruments. So, transactions on U.S. equity stays as USD unlike most other brokerage firms which will perform conversions back to CAD right away. For example, with Questrade things like U.S. dividend income from U.S. traded stocks will remain as USD and automatically be deposited into your U.S. sub-account. Funds can be moved between sub-accounts using Questrade’s Exchange Funds feature, but just take note that this will involve a conversion based on the spot rate at the close of market in Toronto plus a spread fee (+1.99% for both margin and registered accounts; if total equity exceeds $100K this drops to 1.70% for margin and 1.00% for registered). A better approach for converting between USD/CAD, however, would be to use the Norbert’s Gambit technique because it virtually eliminates currency exchange fees (it involves using tickers DLR.TO, DLR.U.TO and journaling over your holdings to one or the other).

Questrade highly encourages the viewing/downloading/printing of previous month statements (as pdf files) made available in Questrade’s client portal for all account activity at no charge. However, for those who still insist on mailed paper statements, they can do so at a hefty $20/statement which can be requested by contacting them directly by phone or through Live Help.

And, as a handy note, shareholder communication often times are sent through normal mail. Through the use of the free InvestorDelivery service you can set up to receive all of your investor correspondence electronically, if you desire.

Trading Platforms

And so begins a new era in trading platforms for Questrade. For as long as we can remember Questrade had been chugging along with their capable, but aging, platforms: QuestraderWEB, QuestraderELITE, and QuestraderPRO. Although QuestraderWEB had been renovated considerably all three had been in the wild for well over 10 years. They all performed quite well in their own right but had not kept up with the times as was evident with the offerings at other discount brokerage houses. Questrade marked a new chapter with the introduction of the Questrade IQ suite.

Questrade has been doing a lot of work behind the scenes to revamp their investor’s trading experience. When they released a whole new layout for the Questrade Account client portal one couldn’t help but head scratch and wonder why their trading platforms never received the same treatment. Well, the answer can’t be clearer: they were being updated as well — it just took them a while. The epiphany was realizing that having three separate desktop trading platforms was confusing and so they opted to retire all three in favor of a single, more modern trading platform known as Questrade IQ.

Questrade IQ is a suite composed of three flavors: Questrade Trading, a fully functional web-based trading platform (for Windows/Macs/Linux users on Google Chrome 52+, Firefox 48+, Safari 9+ for Mac Users, Internet Explorer 11, Microsoft Edge); Questrade IQ Edge, a streamlined desktop-based trading platform (for Windows 7/8.1/10+, macOS 10+); and Questrade IQ Mobile, their first mobile entrant in the field of trading (for iPhone/iPod Touch iOS 6+, and Android OS 4.1+). This entire collection is free for all members and includes snap quote live Canadian/U.S. streaming Level 1 data, research tools for fundamental and technical analysis, a charting package, and more. At times market data can be delayed (up to 15 minutes) and when this happens a cute clock icon appears on-screen to let you know of the streaming hang-up. And although it is made available for free, these platforms can be upgraded to include one of three data packages or add à la carte feeds.

Now, let’s take a closer look at each of these unique platforms and what they have to offer.

Questrade Trading
Questrade IQ Edge
Questrade IQ Mobile

1. Questrade Trading

Formerly known as Questrade IQ Web, Questrade Trading is a plugin-free web-accessible trading platform built on HTML5 and is designed to be accessible on almost any device. It is craftily integrated into the Questrade Account portal and is reachable through the Trade button at the top menu bar. It can even be set up to be your home base when you log in. Questrade Trading is very feature-packed and serves as the primary gateway platform for most users entire trading experience. It also serves as Questrade’s answer for those who, for one reason or another, may not have access to (or be compatible with) IQ Mobile or IQ Edge. This would be the perfect choice for Linux desktop users or the ever growing presence of tablet carriers. Because it is a fully compliant HTML5 browser-based responsive experience, unlike the others, it does not require a download or any third-party add-on to be fully functional.

Taking a spin with this platform was an incredibly liberating experience — an excellent amalgamation of power and usability. It introduces the concept of Gadgets into the platform lexicon. A gadget is an arrangeable user-customized window of a view into your trading/market details. Gadgets include, but are not limited to: Activity (a logs viewer), Balances, Time and Sales (current global activity of a stock), Level 1 Quotes, Level 2 Quotes (if you paid for this addition), News, Orders, Charts, Position Summary, and Watch List. Questrade Trading was surprisingly lightning fast and responsive in every web browser we tested. Memory and CPU footprint usage was astonishingly small despite the depth of options, activity, and functionality it had to offer. Sessions don’t appear to have any inactivity time limit. A nice bonus feature of this platform was being able to start a trading task on one device (e.g., a home PC) and then effortlessly shift to another device (e.g., smartphone or tablet) to complete it. This is an invaluable little addition because it can allow one to carefully construct lengthy trading procedures while permitting free movement during busy schedules. Bonus points also have to go to their clever use of green and red colouring in real-time to help more easily distinguish stocks and options price variations as they happen. Unlike its IQ Edge cousin, however, Questrade Trading cannot change its colour theme appearance — it’s always in a light theme. On the plus side though, any custom changes you make to the layout are automatically saved and restored if you leave and return to this platform.

Notable differences between this platform and the rest of the family include the lack of multi-leg option orders, no alerts, nor workspaces & heat maps. If you are looking to use one or more of those missing features then you should opt for IQ Edge instead.

Layout – Trading Platform
Balances – Trading Platform
Activity – Trading Platform

2. Questrade IQ Edge

Questrade IQ Edge is the big boy of this suite. It only comes as an install-based native PC (or Mac) desktop application engineered specifically for active and pro traders. IQ Edge allows for an unlimited amount of workspaces (Questrade Trading only allows for one). A workspace is a screen area allowing one to open and customize a new set of gadgets or windows for a particular purpose that suits a trading environment style. Multiple easily navigable workspaces is a valuable asset for active traders. The other big difference between IQ Edge and Questrade Trading is that IQ Edge offers a more advanced plate of options for order entries: conditional orders (e.g., trigger orders at a specific time, price, or volume automatically), bracket orders, more extensive alerts, multiple order entry windows, notification emails when something is purchased or sold, and the ability to order anonymously. There are a few subtle differences too. IQ Edge allows for extensive gadget customizing which takes them well beyond what is possible in Questrade Trading. However, most of these customizable features are visual (e.g., float, pin, drag-drop, resize, colourize, blink text); it depends on the gadget. Curiously, gadgets don’t have a snap-to feature in IQ Edge and so they do not auto-arrange when the main application window resizes. It was a bit inconvenient but not a deal breaker because most people just position their gadgets at a particular spot and maintain the application window at a set size. Interestingly, any gadget customization you make in IQ Edge does not transfer over to Questrade Trading (assuming the same gadget exists), and vice versa. However, ticker symbols and related data inside gadgets (e.g., alerts) are properly maintained and do transfer over between web/desktop environments. IQ Edge colour themes range from dark (default), light, and sky blue.

One additional allure of IQ Edge is that it gives a trader the sense of comfort knowing their platform’s trading activity will not be delayed or experience hiccups as might be the case if using a web browser. IQ Edge was written from the ground up using optimized C++ code and deployed for Intel/AMD processors ensuring the speediest of responses for the most diehard of active traders. Unfortunately, at the time of this writing there is no 64-bit version for IQ Edge on the PC. For Macs it is natively 64-bit. It will still run normally on 64-bit Windows systems, it just won’t be running as efficiently as it could be. Here’s hoping that in the near future an optimized 64-bit Windows version of IQ Edge will be made available.

If you’d like to give one or more of the aforementioned trading platforms a spin using CAD $500,000 and USD $500,000 virtual cash for stocks and options, Questrade offers free practice accounts online that you can take part in. This will help give you an even better idea of their impressive user experience, and could potentially hone your trading skills even more without risking any real money.

Layout – IQ Edge
Charts – IQ Edge
Order Entry – IQ Edge

3. Questrade IQ Mobile

And now we shift our attention towards Questrade’s other important platform: Questrade IQ Mobile — their very simple, very capable mobile trading platform. Operating anywhere at any time, this app is available for iOS (iPhone and iPad) and Android devices from their respective app stores. Questrade had originally planned to release a similar version for Windows Phone and Blackberry but, understandably, due to their diminishing marketshares the idea was scrubbed late in the development cycle. As such, those devices will need to use their browser-based alternative: Questrade Trading.

We found that IQ Mobile’s feature set is nearly identical to their Questrade Trading platform, with incorporated visual tweaks to better suit portable device operability. It’s all here, including research tools (e.g., Market Intelligence and Intraday Trader), charts, options trading, and Level 2 data. You can even perform account management actions directly within the app. The visual layout and organization of features is very well thought out. We were able to navigate and use the app with extreme ease. Although they conveniently provide an interactive help tool within the app we found there was little need for it because everything just made sense.

After using this platform for several days it’s clear to us Questrade is aiming to make IQ Mobile as feature-rich as IQ Edge over time. There is no question that this is an integral component to Questrade, and quite possibly is the most important of this entire suite in terms of long-term growth since most people will continue to be looking to their phones (and other portable devices) as their primary hub to the markets. So i’m sure this will be greeted with overjoyed smiles by active traders who have been yearning to be more fully unshackled from their IQ Edge desktops. On the go is here to stay so it only makes logical sense that Questrade will be continuing their trend of integrating more Edge-like whiz-bang functionality into IQ Mobile, surely pushing it well beyond its web-based sibling. The hope though is that Questrade will carefully walk that mobility tightrope by maintaining the app’s unique user-friendly intuitiveness to ensure mass appeal, while still including more sophistication to keep their active trading population happy and, at the same time, nurturing a new generation of on the go investors who will now have access to a growing toolset of advanced capabilities as their confidence and portfolios grow.

Quote – IQ Mobile
Options – IQ Mobile
Level 2 Data – IQ Mobile

Unquestionably, this new trading platform suite is a giant leap in the right direction for Questrade. The collection encompasses everything QuestraderWEB, QuestraderPRO, and QuestraderELITE (their now-defunct older trading platforms) had and some. And this suite does so in the most intuitive, comprehensive way. By taking the bold step to retire their older platforms by supplanting them with an agile next-generation trading environment is a sign that Questrade cares deeply about providing the best experience for the casual trader and demanding active user.

Interestingly, upon further investigation we found that new releases for this suite is always consistent and swift — a major new release occurs every month — bringing with it a slew of enhancements and bug fixes, based on direct user feedback of their online community discussion forum: The Exchange.

A few other unique features which I am surprised other brokerages have not yet duplicated is, firstly, the clever partnerships Questrade has with third party websites (e.g., iShares ETFs) — providing one-click Buy Now buttons across the web — permitting on the fly quick trades that whisk the buyer back into the IQ platform to complete the pre-filled order ticket. And secondly, a feature called Margin Power (for self-directed accounts) which, by its name, gives you a clue on at what it does. By linking your existing TFSA account to your margin account it increases your buying power within your margin account by leveraging the assets you already hold in your TFSA making it enormously convenient to enter new positions without requiring a transfer of new cash or selling existing securities. Both features are wonderfully handy!

The long requested single sign-on feature is now available for Questrade members. You now use one user ID and password to access the trading platform, Questrade Account, and the Exchange. This saves a tremendous amount of time because in the past Questrade had originally required at least three different sign-on credentials to access each of their trading landscapes, and so to no surprise this was a heavily requested feature. We welcome its addition.

To get a better feel of what Questrade IQ has to offer here is a collection of video tutorials overviewing this trading platform’s most common features.

Videos – Trading Platform
Videos – IQ Edge
Videos – IQ Mobile

Although we briefly mentioned in passing their older predecessor platforms, to give you a better sense of who Questrade is and how much they’ve improved, what follows are images of their previous generation trading platforms. Prior to IQ, Questrade offered a few other trading platforms for stocks and options: QuestraderWEB, QuestraderPRO, and QuestraderELITE. QuestraderWEB was their web-based application with a very pretty and intuitive user interface. It was Questrade’s only free platform and required the Java plugin within your browser to function correctly. QuestraderPRO and QuestraderELITE were desktop applications requiring a monthly subscription fee.

QuestraderWEB
QuestraderPRO / ELITE

A little note on exchange and ECN fees. These are the fees Questrade is forced to charge you when you make a transaction that removes liquidity from the market (i.e. buying at the ask or selling at the bid). Although these fees translate to mere pennies for most traders one can avoid paying them altogether by executing transactions as a limit (or stop) order at the bid/ask instead of as a market order request. For U.S. stocks you can also send orders to non-direct access ECN networks (LAMP, MNGD, or POST) to avoid these fees.

Most people will sign-up for the standard marginal account which gives you access to borrow funds at an amount more than your current cash balance. This extended buying power ability is very useful and can come in handy when you need to jump on market opportunities. Assuming you’ve bought on margin and haven’t settled your stocks after 3 days of the purchase the margin interest rate is prime + 2.5% which is inline with most brokerages.

One of the selling points Questrade likes to bring up is that for mutual funds they will rebate the trailer fees. They call this their Mutual Fund Maximizer. Trailer fees are commissions by fund management companies paid to your brokerage house for being the retailer that sold you your fund(s). This commission is an ongoing source of revenue for your brokerage as long as you keep holding onto those fund(s). You don’t see this fee because it is part of the MER of the fund. So Questrade is willing to rebate this fee back to you each quarter. But there’s a catch. You need a minimum of $36,000 in mutual fund holdings to be eligible for this rebate. The reasoning is simple. There is a processing fee of $29.95/month so the rebates will start paying back if your mutual fund holdings is worth more than $36,000 (based on a 1% trailer fee).

Portfolio IQ (Managed Investing)

Self-directed investment empowerment (aka DIY trading) is offered by virtually all discount brokerages and has been a popular preference by the general public due to the myriad of easy-to-use tools and support made available to an investor desiring to control every aspect of their interests. With this style of investing customers have always been able to sculpt their own investment strategy, define their portfolio, buy and sell securities, and more. However, there is another option. For those with very little time while continuing to carry big investment ambitions Questrade introduced Portfolio IQ, the alternative to self-directed investing. Really known as managed investing, Portfolio IQ takes away the stress of investment decision making, such as asset allocation and rebalancing, and puts this work into the hands of experienced portfolio managers of their Questrade Wealth Management division.

Who doesn’t want to take it easy and watch their money grow towards financial independence with little effort? It’s a dream come true! The difficult part with that dream is figuring out how exactly to do that. This is where Portfolio IQ comes to the rescue. Becoming Canada’s first online wealth management service, Portfolio IQ debuted as a definitive market disruptor by making managed investing accessible to everyone. Traditionally, managed investing has been an exclusive club for the uber-rich but Questrade, keeping to its roots of bringing all things restrictive to the masses, decided to do away with convention.

Opening a Portfolio IQ account is straight-forward and only requires $1. As an extra bonus, this review’s Questrade offer code — also known as a Questrade referral code — can also be used when opening this type of account. Once open you’re taken through a simple-to-use point-and-click questionnaire to set up an investor biography that identifies your risk tolerance, existing financial circumstances, market knowledge, and investment ambitions all of which is used to better crystallize the best portfolio for you. What’s also great is that if your goals change then you can return and adjust your bio to keep things in balance, which will automatically update your underlying portfolio model accordingly.

Tolerable Risk
Portfolio Growth / Decline
Review

All the portfolios deal exclusively in ETFs (composed of a mix of various sectors, markets, and countries) and come in the following 5 flavors:

PortfolioRisk LevelComposition
Conservative IncomeLow80% fixed, 20% equity
IncomeLow – Medium60% fixed, 40% equity
BalancedMedium40% fixed, 60% equity
GrowthMedium – High20% fixed, 80% equity
Aggressive GrowthHigh100% equity

Further, each of these portfolios has three tiers. Tier positioning, as defined by your account asset value, determines the sector and country-specific ETFs made available to your portfolio.

Although it only requires $1 to open a Portfolio IQ account your money sits uninvested until it reaches at least $2,000. Once that threshold has been reached your money is automatically shifted into your designated portfolio and your very own team of specialists will actively manage and adjust your portfolio as opportunities arise in the markets. They will also vigilantly rebalance assets to keep within your profile without your daily involvement all year-round.

True to Questrade’s reputation Portfolio IQ has no trading/trailing commission fees — including no fee RSPs. There is however a nominal annual management fee determined by your total account asset value. This fee is broken up and charged proportionally on a quarterly basis and is by far the lowest in the industry we could find. Although this annual rate does not include the ETF expense ratios we discovered that the underlying ETF MERs went as low as 0.04%.

Total AssetsAnnual Fee
Less than $2,000No Fee
$2,000 – $99,9990.7%
$100,000 – $249,9990.6%
$250,000 – 499,9990.5%
$500,000 – $999,9990.4%
$1,000,000+0.35%

With the added benefit of taking full advantage of tax-loss harvesting and providing a last quarter management fee refund guarantee if not fully satisfied for any reason, Portfolio IQ is an extraordinary entrant into the managed investing arena and has that perfect resonating mix all investors, big and small, crave when they daydream of an unshackled financial tomorrow.

IPO Centre

Participating in initial public offerings (IPO), secondary issues (additional shares/bonds offered by a public company), and structured products has always been the holy grail for many investors since the incredible euphoric frenzy of the 1990s internet IPO boom. Historically, because first issues usually tick up on first day closings it’s logically understandable why so many want in — it’s a quick way to make an easy buck! However, due to the natural laws of supply and demand interest in these new issues almost always outstrip the quantity made available and therefore only insiders, well-connected bigwigs, and the very rich are usually the only ones who have access to them; nepotism and cronyism at its undemocratic finest. For generations the general public has had little access to IPOs. There was a brief moment in time when Wit Capital, an internet startup of the 90s, briefly unlocked this secret world, but it was short-lived. Questrade became one of the new Canadian trailblazers to usher in a sledgehammer back into this world for the masses.

The Questrade IPO Centre, showcasing mostly Canadian equity, fixed income, and structured products, list newly available issues and previous offerings (for historic analysis). Their respective facts, investor summary, terms, and preliminary prospectus are also readily accessible. For instant notification of newly announced IPOs and secondary issues clients are encouraged to subscribe to the IPO Bulletin. Independent testing revealed that notifications were indeed right away. The centre is reachable on the desktop/laptops , smartphones, and tablets. When you see an IPO or other new issue you like, it’s a simple click, tap, or a trade desk call away to express interest. An expression of interest makes Questrade aware you are putting in a commitment to buy a number of shares. However, this does not guarantee you will actually get any or all of the shares you’ve requested. If a client places an expression of interest on the website, the trade desk will contact the client to confirm the order within an hour (rare cases may take up to 24 hours). There is a $5,000 minimum requested amount for submitting an IPO order. Some companies going public may even ask for an amount over and above this, but the majority of the time it won’t be above the $5,000 Questrade minimum. Once the order is confirmed Questrade passes along the interest to the offering’s underwriter. Although not possible right now, soon clients will be able to submit their expression of interest through the trading platform to reduce wait time and eliminate the need for a Questrade representative call-back to confirm the order. Cancelling an interest request can be made within two business days (this may vary depending on the province) after receipt or deemed receipt of a prospectus and any amendment (found at the online centre). All IPO and secondary offering purchases are commission free.

Processing time for orders can vary but usually it takes around 3 weeks from when the underwriters first launch the IPO and when the offering closes. For some secondary offerings and preferred treasury shares times can be shorter. Once allocations from the underwriter are received Questrade informs clients via email or phone. Allocations, however, may be distributed on a pro-rata basis if an IPO is oversubscribed (the number of shares requested by all interested parties is greater than what Questrade received), and so, as mentioned earlier your original interest amount may not necessarily materialize to what you actually get. For example if Questrade receives a 50% allocation on their total order amount, they would then allocate 50% to their client’s original order.

Although the IPO Centre mostly has Canadian offerings, U.S. IPOs do show up from time-to-time as well. It’s because of Canadian security regulations that U.S. and other foreign-based companies must file their prospectus in each province individually in order to be sold to residents of that particular province. Because many companies in the United States may feel that doing an IPO in Canada could be an added expense (e.g., listing fees, legal fees, French language requirements) and that domestic demand in the U.S. is enough to satisfy how much capital they want to raise, it’s only logical that most offerings will be Canadian by nature. Interestingly, many international mining/resource companies will choose to file a prospectus and raise money within Canada, and choose to be listed here as well. TSX has a very large mining focus in general.

Registered accounts (e.g., RRSP, TFSA) are also eligible to hold the vast majority of IPOs and treasury offerings. However, some IPOs may not be eligible due to their company/offering structure and how widely held it is.

The centre is a very welcome sight and seems well positioned to grow into something incredibly special. Sadly, no word yet if and when Questrade will be issuing their very own company IPO  😉

Security

When making trades one of the primary concerns held by most people is security. Like banks, most discount brokerage companies deploy different protection strategies to secure your account such as randomizing security questions, displaying pre-selected image captchas that only the account holder would know, two-step and two-factor verification, or even providing digital key devices which in conjunction with your secret password must be pressed to generate the final half of the login passcode each time.

Questrade’s security measures have improved dramatically over the years. They have an Online Security Guarantee which insures investors against unauthorized transactions which result in a direct loss. However, this security guarantee doesn’t extend to intruders breaching accounts on your end (i.e, browser vulnerability, PC/Mac infection). In other words, if there is fraudulent activity and it’s proven to be due to the negligence of Questrade they are in a position to cover your loss at 100%. Questrade is a CIPF (Canadian Investor Protection Fund) member, and so all Canadian investors are covered up to $1,000,000. They are also members of the IIROC (Investment Industry Regulatory Organization of Canada). For claims that exceed $1,000,000, Questrade also offers extended private insurance up to $10 million. You will need to contact them directly by phone for more details in getting this extension set up correctly.

In regards to Questrade’s current online security methods, upon sign-up for a new account you are required to create a user ID, password, and set up a few security questions. User ID’s are required to be 8-20 characters long while passwords must be at least 8 characters in length and include an uppercase, lowercase, and numerical (or symbolic) character. Although this seems like a standard approach across the web this is actually new and a big improvement for Questrade. They also now include extra verification steps such as when you attempt to log in to your account from an unrecognized system you are prompted with one of your security questions. An optional PIN can also be setup to help you get faster service when calling in.

Security advice is made available outlining how to protect yourself by taking precautionary steps like using anti-virus software to keep your computer clean. Interestingly, they have made the extra effort by partnering with Symantec, using Norton Anti-virus to continuously scan/monitor their own internal files, ensuring your investments and privacy on their end are secure. Questrade was also one of the few discount brokerage firms that were not affected by the Heart Bleed Bug — they were protected all this time.

Final Thoughts

Reviews online are overwhelming negative towards Questrade. However, many of them have very old post dates. Prior to writing this review I wanted to be completely fair and so decided to read many of these complaints so that I could be aware of and keep an eye out for any of these problems. I even took note on exact steps for some of these problems with hopes of recreating them. I had originally planned to share a collection of these complaints but seeing as how many of them might have already been resolved by Questrade I felt the company deserved another look before passing judgment. So after spending a number of days using their entire suite of online tools, making trades, and attempting to recreate customer complaints I can report back and say that I did not experience a single issue. My conclusion is that either Questrade had fixed several of these earlier problems or these complaints were from beginning traders who were not familiar with the platform nor company policies.

There is no question that several years back Questrade did have some customer service and platform issues but they were remedied long ago. As such, it’s perfectly understandable from a human nature standpoint that a few disgruntled users are more inclined to make the effort to create an online account so as to write a negative comment than it is for an overwhelmingly majority of happy users to take the same amount of time to write a positive comment about the same service. There’s also the case where some users may be attempting to perform incredibly complex trading maneuvers that either are not supported in a specific platform (e.g., attempting to do multi-leg options ordering inside IQ Mobile when IQ Edge is better suited), or the capabilities are indeed supported but they, as new investors, are not versed enough yet in how to accomplish it, making them frustrated, and leading to a need to vent. If Questrade’s growth numbers each year are any indication, as cited by many Canadian sources, there is clear indication that customers are very happy with them.

Overall my experience with Questrade was a very pleasant one. Their “killer app”, so to speak, is free funds ETFs and that one can execute trades as low as 1¢ per share ($4.95 minimum) with no catch. It doesn’t get any sweeter than that! And this pricing structure hasn’t changed since they’ve started — decades now! In rare instances I sometimes come across other brokerages offering promotionals at $4.95/trade but when you dig deeper into their fine print it almost unequivocally is for “big fish” traders who must spend upwards of $100,000/month in trading activity to be eligible for the $4.95 offer. Clearly not for the average consumer. Obviously this is not the case with Questrade.

Questrade’s low commission rate is so good it serves as an enticer to make more trades more often and not have to hesitate by attempting to time the market in hopes of covering commission costs. I am happy to see they have made many brilliant enhancements over the years including, but not limited to, a unified single sign-on approach that provides a more consistent feel, and a more responsive live help chat capability where their customer service is consistently quick and knowledgeable, adding to the excellent experience. Although they clearly have a very solid desire to keep improving their services, there are a few minor areas that can be improved such as full gadget settings retention across different trading platforms, but with such dramatic savings found among all their services it seems understandable that one can’t always have everything. So I will give them a pass on that.

In MoneySense’s Canada’s Best Online Brokerages 2016 article, Questrade was top ranked as the best in terms of lowest fees and lowest commissions. They also received honourable mentions as the best in ease of use and overall independent broker.

For a long time my trading experience was associated with a big bank brokerage firm. This was before I became more enlightened with better options that were out there. I’m sure this is the case for most people. As I mentioned at the start, many of us usually get our first investment accounts at big banks because of the ease to do so. However, as I also pointed out, such conveniences bring with it abuses by these firms onto their customers. And so it wasn’t until I became completely disillusioned by the high and endless commission charges by my bank that I felt it was time to explore other financial outlets. And hence, here we are today and why I felt this Questrade review needed to be written.

Should you join? Yes — a resounding YES! For someone like me, as a casual trader, who has experienced headaches with other brokerage firms it’s nice to finally find a good home at Questrade who doesn’t play games nor charge exorbitant fees. Questrade fits my needs perfectly and helps unlock my potential as a growing investor. And at the end of the day isn’t this what we really hope a respectable brokerage firm provides us?  Google Profile

Frequently Asked Questions

Why Questrade?

  1. Lowest commission cost per equity trade in Canada.
  2. Commission-free ETF trades.
  3. No annual fees.
  4. Free $50 when using Questrade offer code: Canada
  5. Questrade will cover the transfer-out fee when moving your brokerage account to them.
  6. Full-featured tools and trading platforms available on all devices.
  7. Very responsive customer service. Even when using live online help.
  8. Hold dual-currency (CAD and USD) simultaneously within registered accounts (e.g., RRSP) without automatic conversions nor fees.

Is Questrade good?

Yes! Questrade offers a remarkably rich tapestry of features well tailored for new investors and seasoned traders. They also have the lowest costs of any other brokerage house in Canada, by far. Over the years, they have routinely demonstrated their hypercompetitiveness in this crowded industry by endlessly releasing new products, updates, and exploring untapped avenues (e.g. IPOs).

What are the different ways to fund an account?

  • Online banking
  • Certified cheque/bank draft
  • Money order
  • Personal cheque
  • Pre-authorized deposit
  • Stock certificate
  • Transfer-out requests from another brokerage
  • Wire transfer (fastest)

What is the best way to currency convert CAD/USD?

To elminate currency exchange fees almost entirely when converting CAD/USD you will want to use tickers: DLR.TO and DLR.U.TO. The former deals in CAD currency, the latter in USD currency.

To convert from CAD to USD:

  1. Buy shares of DLR.TO (currency will be in CAD) in the amount that you want to convert into USD cash.
  2. Get ahold of a Questrade rep via live help chat or on the phone.
  3. Tell the rep that you want to journal over all of your newly acquired DLR.TO shares to its USD equivalent side (i.e., DLR.U.TO). Your shares will now shift from DLR.TO to DLR.U.TO and be in USD currency.
  4. Sell all of your DLR.U.TO shares. You will now have USD cash.

To convert from USD to CAD:

  1. Buy shares of DLR.U.TO (currency will be in USD) in the amount that you want to convert into CAD cash.
  2. Get ahold of a Questrade rep via live help chat or on the phone.
  3. Tell the rep that you want to journal over all of your newly acquired DLR.U.TO shares to its CAD equivalent side (i.e., DLR.TO). Your shares will now shift from DLR.U.TO to DLR.TO and be in CAD currency.
  4. Sell all of your DLR.TO shares. You will now have CAD cash.

The entire process can take up to 1-2 business days to complete. The full details of your conversion is recorded under myQuestrade’s Account Activity page.

Can I short sell?

Yes, you can short stocks in their margin accounts. Registered accounts (e.g., RRSP), however, cannot due to Canadian government regulations.

Do their trading platforms support Mac and Linux?

Yes, their trading platforms are available for Mac and Linux users. Questrade’s trading platforms are also available for Windows, iOS, and Android devices. However, for Linux users Questrade Trading, their responsive HTML browser-based web application is what’s used.

Questrade Offer Code

Use Offer Code: Canada to receive $50 in Free Trades from Questrade when signing up for a new account.

Questrade Review

Editor Rating: 90% out of 100
User Rating: 95% out of 100 (2207 votes)
“Questrade Review” written by Emma Li —  

This Review’s Newest Comments

  1. Reegan T

    Thanks for the questrade promo code mate! I'm a new questrade member because of this questrade review 😛

  2. Channing O'Dell

    Not a big fan of handing over my SIN # but after some reading on CRA site i just discovered that financial institutions like Qesttrade are required to ask for it. Didn't realize that. But then i've never traded stocks before outside my local bank. I guess i will go finish up the application process now.

    Much appreciated for a quality qusstrade review.

  3. TheBigLill

    I am still stubbornly using their Trading with Questrade platform. They haven't asked met to switch over to IQ Edge just yet but my friends have said they were starting to be prodded to use iq edge more. Not sure why that is. I guess my friends might be viewed as more active and so maybe questrade prefers they use the more advanced iq. I guess i am a bit conservative and refuse to use another platform even if it is in my best interest. This questrade review does make it easier for me to want to give it a chance. I guess i should now before it’s too late. Anyway, just thought i'd drop in to see what people were saying about the activities of questrade.

  4. DeMarcus D

    Oh.My.God! I'm suppose to read through this encyclopedia of a qestrad revuw??? Well, the 4-stars rating and $50 coupon code is good enough for me so you've won me over. Call me lazy for not wanting to read thru this thing but well yea i guess i'm lazy. 🙄

  5. Ace K.

    The idea that i can hold both USD and CAD in a registered account at the same time is extremely enticing. I have been bashing CIBC for years about being charged constantly for trivial conversions when i dont want my dividends being converted back to CAD from USD.

    I am still going to put more thought into whether to join these fellows but thank you for this review. I will keep it on my mind as i make my mind up. Will this promotional offer work for clients who transfer their portfolio from CIBC?

  6. Stocks-Bonds-Man!

    This has to be the perfect example of why the collective share icons is useful. I have a few friends on facebook and twitter who were chatting about a descent discount broker and now that i found this questrade review it makes things way easier for me to let them know. Thanks so much. As for me, i havent read much of this yet but they look adequate so i might give them a taste.

  7. Jasper

    Ah so Businesses can join too. Interesting. I have a small business and it would probably be more economical to open an account as a business so a few of my employees can have access to apply trades and apply any gains/losses to the business. I will have to look into this more thoroughly. Will this questrade offer code for $50 work for business accounts or just personal accounts?

  8. Cal10

    I am back with Qestrade. One of the reasons i left was because of the mess of their earlier trading platforms. I am glad to see they burned them and made the IQ platforms. I guess the big perk is the IQ Mobile app which i havent used yet. It will be fun. In a week i will return and provide my mini review.

  9. Ben

    Great quesstrade revue guys! Me and my girlfriend decided to hook up with Questrrade the other day for our registered accounts instead of going with our weak interest rates offered by our banks.

    Our fears originally for not looking to investment accounts was because we didn't want to be constantly charged all kinds of silly fees for keeping it open. So stumbling onto Questrade was a nice surprise. I think we are confident about our choice and wanted to drop by and say thank you and the questrrade offer promo thing worked for both of us.

  10. Jevon B.

    Just came across this questrade review from a friend who passed me this link on LinkedIn. Never heard of questrade before until today. So are US resident Canadians allowed to join or must i be living in Canada to be a member? I have all the paperwork but not sure if i have to have a Canadian address to do so despite being Canadian. I will have to call them and find out.

    Oh, just noticed this review mentions one can use DocuSign. I think i will do that first and see if it accepts it. Very useful.

  11. Zayden F.

    I've begun options trading and might give qestrad a whirl. I assume that 50$ qestrde promo code will work for such an account? I will give it a try. If it doesnt work in the application i will raise hell with them on the phone 😮

  12. Roland Simpson

    My current broker is Bank of Montreal and after some debacle which i wont go into here i am thanking god i found this questrade review because i just think i will pull the trigger and join these guys and say bye-bye to the hassle i had with BMO.

    Questrade mentions they cover free transfers from InvestorLine so i think i will use that. I guess i will remember this questrade promo code and tell them to apply it to my account when i speak with them about making the transfer. Or i guess i should fill in the online application and apply the promo code there then call them. I guess that makes more sense.

    So thanks for resolving my headache i was developing all day with BMO.

  13. Jaiden S

    I am frankly happy questrade trashed their old trading platforms and went with iq. It seems much cleaner now even though i am still a bit slow to adopt things like qesstrade iq mobile.

  14. Devin Rothenberger

    Bonus points for the dude in comment section attempting to try using internet explorer 6 on questrade's site. LOL! I got curious and spent like the last 30 mins hunting down IE6 to install and go try them out. Wow IE6 is a old and bad browser. It's like the entire web is broken. Back to Firefox i go. Thanks for an awesome questrade review guys!

  15. Malakai

    Was actually planning to come here to bash questtrade iq edge but after speaking to a person on Live Help they said a new silent update was being done shortly to fix annoying quantity bug. Happy to say this morning the bug was fixed. So i guess i will say i am happy.

  16. Domini

    Quest trade's security is pretty solid. I've used a few other services and they all pretty much do the same things. Did anyone hear that TD had a security breach on their investment side? This happened last summer. So far i have never heard of Questrade with any security leaks. So good for them. For the record i am not a member of questrade.

  17. Sheridan Towle

    Wow i am loving that questrade trading platforms! That black look is mighty cute! So this questrade review mentions a thing called trading with questrade but even when i check questrade's site i still dont understand the difference and how it fits in this family.

    From what i decipher Trading is identical to questrade iq but that it works on all devices. But goes on to mention it can be used on mobile devices too. So what exactly is the point if it does the same as iq mobile?

  18. Aiden C.

    Was reading yesterday that the Prime Minister is really gutting this economy and so it might be best to start investing in more secure outside investments. I was thinking of going gold but not so sure now. I think your $50 questrade offer code just may have tipped me in what i should do: join Questrade and get my house in order before Canada gets gutted.

  19. FinanceBaby

    Questrade IQ is descent but i am still not use to it and their older QuestraderWEB is what i prefer. Not sure why that is since i notice iq has more features avail. I guess its cuz its new to me and i am a conservative type.

  20. Gauge Stader

    Anyone know if Questrade IQ Edge will be made available for Linux platforms? Granted i could just use the web version but the web version i fear is missing something….

  21. Saul S

    Props to you folks for putting together a hefty sized questrade review. I remember when questrade required you to have an initial deposit of $10,000. Yes, that is ten-thousand. I guess they really embraced the idea of going for the smaller ma-and-pa investors by reducing it to $1,000 which i think is smart. That was the big reason i didn't join back then with questrade. This was back in 2005 or so. Looks like they really improved things.

  22. Pedro Janney

    That's nice to read that questrade keeps records for several years. With all businesses going electronic exclusively it is just much easier to have them keep it on their servers as long as possible.

    With my credit union they had limited trading but i was happy…the only thing that was annoying was they would only keep records for that month which was annoying, and they didnt offer paper records.

  23. Tayler P.

    I'm about 1/3 of the way through this questrade review and i think i am satisfied. We are looking for a place to park our money in an RRSP account. We've been advised to make use of our contribution space since we never have and so the best course is probably to open a trading registered account.

    I think what won us over is that you can hold both canadian and us dollars in the same registered account. TD, my bank, doesnt do that which is why we were thinking to look around. I think we will discuss things a bit more and come back to this review a few more times but just wanted to say my thanks for making it easier for us. So i am guessing the questrade promo code of $50 will work for us evne if it is a registered account?

  24. Devon121

    Why do all places go with the dark theme for their trading platforms? I for one prefer a more brighter trading window so i can see everything. I guess to each his own. Is there a way to customize the windows to be brighter or is that the only look?

  25. Cassidy

    My computer isn't at a high resolution and so the screenshots in this questrade review appear really small. I didn't realize that it was scaling relative to my screen. I wanted to see more (full size of the image) and thankfully all i did was right-click and select "View Image" to see the full size. Just thought i should share for anyone else who was looking for bigger sizes for the images.

  26. York

    Since questrade is on a mission to revamp everything they should look to adding more social tools. I'd like to chat with friends and look to real-time advice while inside questrade iq, or inside questrade accounts.

    Just a thought.

  27. Armand Flippin

    Can one go crazy and create like 10 questrade accounts, one for each family member, and have them connected in a way so that family members can transfer funds between accounts?

    This would be handy for my growing family where i want my children to have trading accounts of their own but connected to mine so i can monitor their activity and move funds into their accounts when need be.

  28. Henry

    Nice to see Questrade has grown up. I remember way back in the day (circa 2000) when i was starting to trade i was thinking of joining Questrade but was turned off by their lack of everything. It's good to see them really cleaning up their act and becoming a superior trading environment.

    I am happy with my broker right now but i am glad i came across this questrade review so if things change i might give them a second look. I just shared this on my google+ page. Cheers.

  29. Cale

    You weren't kidding about them being $4.95 per trade being the lowest in Canada. After reading this questrade review i decided to look around for the past week for anyone else. I couldn't find a single person that had a deal that compared. And if i did (i think i saw one @ $6.95) there was always a catch (you had to make at least 100 trades per month to qualify for $6.95/trade — huh?).

    So i guess i will join questrade and get this over with. Thanks for the questrade offer code.

  30. Reinaldo Welch

    Hmm, i am still trying to decide if i should open a questrade business account seeing as how there might be some taxing benefits to it like how there is for health plans (phsp). I'll bookmark this review and come back for later analysis. Thanks for existing.

  31. Kesha

    Questrade should have a cartoony mascot. You know to get the younglings to join and talk about in school yards about their investment portfolios. Oh i am sure kids love to talk about that stuff 😉

  32. Rahul Dunn

    I am always, always outside and on my phone so questrade iq mobile is what i am really interested in. I hope you guys will write another awesome questrade review about it.

    Haven’t read much into it but is there an HTML5 alternative on iPhone or is it exclusively a stand-alone app for iPhone only?

  33. Zebulon Clarkson

    For the most part @Miranda its just a cool sounding term. Let's face it Questrade IQ sounds much better than QuestraderWeb. I personally like the name for a trading platform. Makes me sound like i am smart even if i am a horrible trader.

  34. Aden

    as far as i know @cr@wd you can use the questrade offer code on as many accounts as you like regardless of being a prior member with them. To be on the safe side you can always use their live help online at questrade's website and ask.

  35. Miranda Cole

    Ya ok so this might sound dumb but the "iq" part mentioned in this review regarding questrade iq, what does it mean exactly? Or is it just a marketing ploy by questrade as something new?

  36. Daquan K.

    Ok i am back here reading this questrade review and glad to see its been updated to analyze questrade iq. It looks good. Nice touch with Iceberg trades. I have rarely seen this implemented anywhere else. I usually have to call my broker to get something like this. So +1 to Questrade for the modernization.

  37. Nolan

    Ultimate is right! Oh. My. Goodness. I think you know more about the questrade experience than questrade does. lol.

  38. TheTrueQuestrader

    Still not a big fan of IQ because i had used QuestraderElite for years prior but it’s descent enough.

    I received an email today with Questrade bragging about adding more functionality to their order entries which addresses something i was saying for a while. Looks descent.

  39. nancy-allen

    Wow you guys were really thorough in this questrade review. I was expecting a simple yay or nay but you guys break it down. Questrade should link to you guys since its overall a positive review. I am about 80% done reading it. It's been incredibly helpful for my husband and i.

  40. Cr@wdz

    Hip hip horray to Questrade in garnering the gonads in dropping Penson for their Account Activity thing. I use to be with Questrade several years back. I am now strongly leaning going back based on this questrade review. Would i be able to still use the questrade promo code mentioned here despite being a previous questrade member? Anyone know?

  41. Galen Srp

    Just got feedback from Questrade that questrade mobile is getting a big update later this month! I've been a big advocate of mobile trading and its good to see questrade is actively keeping this app relevant.

  42. Clayton Terwilliger

    Okay so if Questrade IQ is their official trading platform then what happened to QuestraderELITE, and QuestraderPRO? Did they drop them or are they still accessible? Personally, i prefer their Elite/Pro platforms instead. Is there a way to opt out of questrade iq or is this a mandatory thing?

    I will admit that iq looks good but i am just more a creature of comfort.

  43. Maverick

    Hey the money words of "single sign-on" has got my attention. I use to be with Questrade about 5 years ago when they had 3 different logon credentials which was frustrating.

    I decided to stop by hear because this questrade review was given to me by a friend on facebook. Questrade really looks different now. Looks descent.

  44. Kalem

    Hi @Ana. Actually i never had problems using questrade's document signing part. Worked perfectly and very fast. I think it was just a temporary glitch at that time you tried it. You could try it now and i am sure it will work but then you did mention that you mailed it off anyway. Because its the internet there are going to be hiccups by all service providers from time to time. Not a big deal. Just part of life.

  45. Petey

    Oh god this questrade review is way too long for my A.D.D. LOL! Might have to recruit my buddy so we can break it up into parts and compare notes. lol. Can i just assume they are awesome based on the 4 star rating you gave it? To be honest i just came here for the $50 questrade offer code 😀 – I love free stuff.

  46. Ana Kringlin

    Anyone else have problems using Questrade's electronic signature service when trying to join them? I put in my details but it either closes the window and nothing happens or an error message appears

    I am resorting to mailing in my details but its a bit annoying having to wait. I guess their eSig service is down at the moment or something. No big deal but just wanted to see if it was a common thing.

  47. Long M

    How am i suppose to read this questrade review? It's the friggin' bible! Is there a coles notes version of if questrade is good or not? Yes i see the 4 1/2 stars out of 5 thing but whatever.

  48. Tom

    I am glad they pulled the best features from questraderpro and incorporated it into questrade iq edge. My favorite feature is the multiple workspaces. I usually make complex trades that tend to get messy and so having separate screens to plan out my strategies is a life saver. This is a wonderful review. I've bookmarked it for later.

  49. Terell Maye

    Yea so i just watched a few of these questrade iq videos and although it looks great i am wondering if i can get more details on feature integration. It looks like their iq edge has more inside than Trader. Is questrade planning on putting even more features into Trader and essentially making both identical?

  50. Riley Sheckler

    yes @narnia questrade iq mobile is free too and doesn’t have any in-app purchases. Just download and go. There isn't much detail out there on it. I think this questrade review has more details than even questrade lets out.

  51. Narnia7

    Curious, is the Questrade IQ mobile app free too? Or are their necessary in-app purchases required?

  52. Kenyon Sage

    Ok i will be honest. I had already made up my mind to join Questrade but just came here looking for a questrade offer code that i could use when filling out their application right now. Glad i was right to check around. $50 for me! Thanks for the work though.

  53. Cordero E

    Was perusing your screen grabs of Questrade IQ and didn’t realize IQ Edge and Trader were separate entities. Thought it was just different skins of the same thing. Had to read further to know the difference. Interesting. In a sense it feels like questrade understands its customers and is trying to strip away all the unnecessaries that plagued their older platforms (QuestraderElite and QuestraderPro). Looks good. I haven't tried either of them yet but it does look promising.

  54. Amiya P

    I think one of the big pluses with Questrade is that they integrate the 2 sub accounts into each account for USD and CAD holdings. I have been with 3 other stock brokers online and no one does that. I think they want to make a buck off the conversions. This alone is the big reason i will probably join questrade in the near future (i love their mobile app — looks interesting).

  55. Tyrik W

    Super duper questrade review! I really needed a detailed review like this to make up my mind. Thanks a mill!

  56. Kenyon T.

    Actually krus you should be careful because since it is a registered account you can't just assume it is like any other type of account. Registered accounts impose a penalty for taking money out before your retirement. Also Questrade has a partial/full deregistration fee of about $25. CRA also has a 30% withholding fee that Questrade is required by law to deduct and send to the government.

    So although there conversion rate is pretty respectable inside the registered accounts i dont recommend you use it for your everday conversions. It's not what the account was meant for.

  57. Trish

    Finally talked it over with my husband and with the help of your questrade review here we've decided we are going to give questrade a try. We just dont see a disadvantage and we are liking what we see so far. Thanks for the questrade offer code. The $50 will give us a nice start.

    ~trisha from alberta

  58. Krus and Rev

    hey you mentioned questrade's spread for registered accounts. I was just checking my banks rates for CAD/USD and its lousy so i was thinking maybe i should just open a questrade registered account and do my conversions inside. Is there a downside to that?

    Would save me a ton of conversion fees.

  59. Darron Beecher

    This questrade review is way too thorough! LOL! I actually keep coming back here to read it and i always find i am learning something i didn’t know.

  60. Christo

    Actually i think the questrade iq mobile app is a native app on the phone itself. HTML5 implies it is a web app which i think that is what questrade’s trader is all about.

    I am still a bit hazy on the other differences fully though. Anyone out there who can elaborate?

  61. Kaine

    It’s been a while since checking out Questrade. Having IQ Mobile is huge! Most people like to check and do active trading when they are in some shopping line waiting. I can’t believe they took so long to get a mobile version — at least from my pov.

  62. Darrien

    Might be worth hooking myself up to get in on the Facebook thing now that the price is a bargin. This questrade review is awesome man! I will keep the offer promotion code handy.

  63. Sheldon

    I came here for the Questrade Offer Code (promo code?) but ended up getting caught up reading this questrade review. lol.

    I figure i should read this review before joining so i can know what i am getting involved in and not just getting excited by the free money for joining.

  64. Jackson S.

    If i recall the Trading with Questrade platform has delayed quotes so Questrade IQ with their live stream (i think it’s NASDAQ live streams) is very cool. My broker (not questrade) has delayed quotes so this is interesting.

  65. FXMan

    @cool4u like it or not the switch happened. I've been using questrade iq edge and its pretty good. Trading with Questrade (they really got to re-brand that) pretty much is everything IQ Web was. I don’t miss questrade iq web at all though.

  66. J Bird

    LOL i ended up buying Facebook stock by signing up for Questrade yesterday. Thanks a mill for a kickin questrade review!

  67. C00l4U

    So what happens for traders who wanted to stick with questrade IQ Web since it was phased out a while back in favor of Trading with Questrade? I haven’t used questrade iq edge but i received a reminder email some time back about switching over. I am sure its a good new trading platform since its better integrated with accounts but i am just use to the old way. Any way i can just stick with it?

  68. Yashawn

    And the sleeping giant has awoken! Questrade is really shaping up to be something really special! Thanks for pointing out their history of who they were like that ugly account trade history with Penson. It really gives scope on how much they are changing and improving.

    I have heard of Questrade a few years back but out of pure lazyiness i have not persued them. This questrade iq looks promising but its probably the questrade offer code you provide that has my attention since i am not satisifed with Bank of Montreal.

  69. Mikala

    I commend questrade for not going ape crazy in packing the screen for their questrade iq platform. It looks much more inviting. I don't see too much difference between Trade and IQ. I guess that is a good thing.

  70. Jarrod Keen

    @cory if you read closely it does say you use the same username/password to access the platform. However, to access Trading with Questrade or IQ Mobile while using Edge will still need you to manually type in your username/pass. I actually like having to type my login credentials to access each instead of being able to jump between each while logged into one because it provides another layer of security. Questrade IQ is more tightly integrated than their previous platforms now that they have started from the ground up with it.

  71. corey

    This questrade review failed to mention if questrade IQ Edge being a desktop app will seamlessly integrate with the Account page (in the browser) so one doesn’t have to login twice.

  72. Brennan Morris

    Questrade IQ Mobile is a huge thing for me. I always prefer to do my trading on the go but noticed questrade in the past was one of the few that didn't have a mobile application. So this may make me join once and for all.

  73. Riley H

    LOL i think its so funny when you look at the pictures for questraderELITE and questraderPRO and then you look over at questrade IQ Mobile or questrade IQ Edge. What a BIG difference!

    Questrade is making a smart move by cleaning up and getting serious. Having just one trading platform makes it easier for everyone.

  74. Josiah

    Ultimate Questrade Review FTW!

  75. StocksMissy

    Hey big thank you for putting in a mention for us Mac users in this questrade review! I was thinking if i was going to have problems using it in Safari. Now i know: no problems at all. Yay! Ok questrade here i come and thanks for the questrade offer code. It will be used wisely! 🙂

  76. Chaz Crawford

    I wish there was a screenshot of their other theme for questrade iq. I am not a fan of the dark look — it's hard on my eyes. Is it mostly white?

  77. Russel F

    Bah! That inactivity fee by Questrade is meaningless and for almost every trader they will never see this fee charged to them. Compared to every other stock broker place out there Questrade is being kind. If anyone whines about it they aren't putting much thought into it. I mean seriously, all new members dont get charged this fee and anyone less than 26 yo dont get charged this fee, and neither do traders with securities at $5000 or more. Big deal.

  78. Yashaun Chan

    You raise a brilliant point @krusty345. Although i have no problem with using the web version of Questrade’s trade platform and doubt i will ever install the desktop version but it would be a good idea to be able to transfer configuration settings between the two. You should let Questrade know to add to their list of feature requests.

  79. Krusty345

    Was playing around in Quetrade’s web trader and noticed i cant save my preference layout and carry it onto the desktop platform. It seems the desktop and web are independent from each other. No fair. I really hope they make them connected. I am one of those types that prefer to use the desktop, but when outside i am fine with using the web version. Btw, i hope this questrade review gives an even more detailed look into questrade metatrader and FX 😛

  80. Earnest P

    Ok so Questrade IQ is free and its when i want more data details, which is optional, then i can decide to pay some fee? I like it.

  81. Active_Trader101

    hey @cody, if i remember when i was joining you could do either but for me i just clicked the link in this questrade review to make sure i ended up getting the $50. But when you go through the application there is a box that you fill in with: Canada  so my guess is you could just enter it when you join later. So either way is fine. Hope that helps

  82. Cody Bryans

    Great Questrade Review guys! The screen grabs are helpful. With all this information i think i am confident i should join questrade. So based on that do i click the Questrade Offer Code link to get my free $50 in free trades promotion or can i just use the Canada offer code name when i am ready?

  83. Cameron

    All i have to say is thank god questrade flushed questraderelite and questraderweb down the toilet. I have used them way back when i was with questrade and didn't like them much. Questrade IQ and Trading with Questrade looks like someone put more thought into it.

  84. Neal H.

    It's about time questrade dumped QuestraderWEB, QuestraderPRO, and QuestraderELITE, and combined this all into one common and conssitent platform. Looks like they are putting their thinking caps on with questrade IQ. Looks great. Thanks for mentioning it in this questrade review.

  85. Tyrel Davenport

    Well smack my behind it's great to see Questrade is getting their acts together and putting out some professionalism!

  86. Floyd R.

    Hey questrade iq looks cool! So its all free? Me likey!! I was getting a bit intimidated by the look of questraderelite. IQ Mobile is all i need.

  87. Amara Nickolson

    In your questrade review you mention questrade iq has the ability to have different themes. Can you explain more about this? I notice it has a black look based on the picture above. Is there a way to customize all colours in the main layout including the background?

  88. Jordin Isler

    Yea i hear ya. I am no active trader but i want to use a trading platform and then stick with it permanently but i want that platform to grow with me. So seeing questrade undertsand this and having just questrade iq mobile, iq edge, and Trading (formerly known as iq web), it makes a world of sense since each handles a very specific need.

    I am leaning on creating a new account since i just noticed the $50 free trades questrade offer code. I am a sucker for free things 🙂

  89. Jermain Mason

    I am already with CIBC so i am wondering if i am allowed to join another. I like what is said about questrade here so if i am ok to try them i will give it a go.

  90. Unknown English

    I've been using questrade Trading for a few months and although i am new to trading i cant compare it to anything else since i havent really used anything else outside this and IQ Edge. I do like the layout much better than IQ Edge because i find i do a lot less clicking to get to pages. Something i think is cool is you can customize the look and tools. And you dont need to log in twice to go between trading and accounts. Sometimes i think there are glitches and some things aren’t as intuitive but i definitely prefer it to their old system. I use this on my laptop and so i think you will want a larger screen as it feels a bit cramped on a 15" screen that i am using. Overall that is my take for their trading platforms. It's good.

  91. Fletcher

    Ahh that’s nice to know PINs can be used for call ins. If it’s similar to how Amazon does it, it’s a great idea.

  92. Curby

    Thanks for updating this long running questrade review to talk about Questrade IQ! It's fantastic that Questrade IQ Edge finally supports macOS 🙁 I have a Mac and had previously only been running Questrade Trading within Safari.

  93. Dallin B

    Call me crazy but i personally thought their older questraderweb platform was good enough before the change. I wish i didn’t have to switch over to their questrade iq thing.

  94. Kristoffer

    @Beck, actually as this questrade review points out it is more a performance thing. But i think it also may be for more active users who want more depth. Notice in this review it points out the more advanced order entry features such as All-Or-None.

    My guess though as time goes on Questrade will integrate even more in Questrade Trading, blurring the line even more between it and its IQ Edge older brother.

    And in regards to the questrade promo code. It is only used when you join questrade on the application form. You place it there and you get $50 in free trades. All their trading platforms is free and are available once you become a questrade member.

  95. Beck

    I still dont see the point in IQ Edge vs Trading with Questrade (IQ Web?). Why would i want to have a desktop app when i can just use their web version when i am out the door which i am most times? And can i use the questrade offer code to get iq edge and another for Trading or how does it work?

  96. Norris Ball

    Was on the hunt for an offer code for questrade. thanks so much.

  97. Macey

    @2thepoint that is what i gather. This questrade review mentions IQ is always updating and so naturally means they may resolve it in time. My guess is the windowing management will be resolved. I've been using Questrade Trading (web) and love it. Questrade is really shaping up!

  98. 2thePoint

    I noticed Questrade IQ has practice accounts. Downloaded the desktop version and played with both desktop and web versions. I wish the desktop version had an easier way to arrange windows. They are currently just thrown all over the place. The web version (Trading with Questrade) is much easier since it auto-organizes windows. I guess Questrade is still working on it. Thanks for a fantastic questrade review by the way.

  99. GodLuvsCoin

    I think questraderpro and questraderelite were good first tries at professionalism by questrade but they somehow lost useability along the way. So they will never get very many weeping goodbyes when it retired. I am now an active trader and have decided to use IQ Edge. But IQ Mobile looks more interesting now and can't wait to give it a try again. I've used it briefly before though but it now looks more useable for my needs.

  100. stovetopGOODNESS!

    For those planning on using a trading platform on Mac just be aware that for Questrade Trading it requires Safari 5+ or Firefox. It doesn't run in Chrome that well at the moment. On the PC it works flawlessly. They told me it is still being tested so don't fret Questrade knows this and is working on it.

    I also noticed that their IQ Edge mentions macOS support. I am glad us Mac users aren’t left out in the cold like they did with QuestradePRO/ELITE back then.

  101. Coco_Butter

    Questrade isnt perfect but at the price of $4.95/trade i am sure loving it every step of the way. I've been with them for about 2 months now and actually used this Questrade Review to decide to join. For me it works very well. So if anyone is reading this i recommend them.

  102. Oswaldo K.

    Hi there. I think you're the only one with a questrade review that includes an indepth review on questrade iq.

    I've been hearing all about it but couldnt find any info until now. tnx.

    Does the questrade offer code/promo code have a minimum age requirement or can anyone use it when joining?

  103. Can0

    Now i am jealous now that i see questrade iq edge. I was starting to enjoy their questrade trading platform but from the brief information here it seems edge is reasonable enough for any newbie like myself to use.

  104. Rylan Gonealez

    I've played with Questrade IQ. Yes it does allow you to change the theme to either black, white, or blue. The black theme is the one shown above. The white one take on a look similar to the old QuestraderWEB but one that is more in tune with Trading with Questrade which is somewhat different than QuestraderWEB. Those are the only two themes so far that i saw. The black one is the better of the two.

  105. Arnav

    Questrade IQ and Trading looks fantastic! Thanks for the quick mention in this questrade review!

  106. Sable

    Do you think you will be making a review on Questrade's IQ trading platform trading techniques?

  107. Marco

    Thanks for a kickin' questrade review but i have to be honest. I only came here to grab the guestrade promo code. lol.

  108. Wayne

    Anyone know how Questrade handles yearly tax receipts/slips such as the T5 Investment Income Summary slip?

  109. Zackery Mounts

    Was doing a trial run of questrade's myriad of platforms and for me as a first time trader i like them. I was fearing they'd be intimidating but seems pretty good. I think i will give questrade a try and see how things go. hey thanks so much for this questrade review!

  110. Gavyn Broughton

    I was reading somewhere that you guys will be releasing a separate Questrade IQ review soon too? If so that's cool. I also have an account with BMO but the IQ thing seems interesting and would like to know even more about that despite a great discussion I see you have above about it.

  111. Adrien Beakes

    Just finished playing with questrade's free trial trading platforms and i definitely think Trading with Questrade is all one really needs to do successful trading. The other one is a bit overkill.

  112. Keelan B.

    LOL i think its funny that this questrade review has more information about questrade than questrade's site. It's been really handy. Just retweeted this link.

  113. Jamil Jolly

    Ok so they finally released a Questrade IQ Mobile app! I've been waiting for the longest time for something like this before joining Questrade. I think i will wait a little longer to let this stew in my mind. So this questrade offer code will still be good right?

  114. UncleMoney

    Yes van as a matter of fact i was wondering the same thing about 2 weeks back and found you can indeed hold gold in registered accounts.

    Canada amended the investment regulations to allow metals to be held in registered savings. So go nuts!

    Questrade's registered accounts are easily the best in the biz in terms of flexibility. I ended up transfering my holdings over to them.

  115. Van

    I am so close to joining Questrade but can someone tell me can i actually hold gold in my RSP account? I undertstand you can hold both types of currency (USD and CAD) and can trade all kinds of things but i dont know if gold is included.

  116. Cordell

    Just jumping back here to say thanks so much for this questrade review. Was a huge help.

  117. Courtney Carmichael

    Actually @kidclove when you purchase gold Questrade by default holds it for you. They charge a storage fee per month (i think it is 10 cents)

    But if you demand it they will send you the ounces (or if you are rich enough an actual bar) upon your request.

  118. Jaylan McAfee

    @garrick the questrade offer code is $50 in free trades according to this questrade review. I believe you can use it for each account you make but i am not fully sure.

  119. Garrick

    Questrade is looking mighty interesting to me. I might give them a spin. So this questrade promo code will give me $50? I wonder if i can double up and have each account with its own offer code. lol. I know, i am getting greedy! 🙂

  120. KidClove

    LOL i just noticed Questrade allows you to buy gold. So how does that work do i like buy it and they deliver a gold brick to my door? Make my own Fort Knox at home 🙂

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