Questrade Review – is one of those online trading brokers that have a lot of experience in this industry, having been founded back in 1999. They are an independent brokerage firm with headquarters located in Toronto, Canada. With more than $8 billion in assets available, Questrade offers a lot of online trading solutions with low fees.
Their investment accounts are truly impressive, ranging from TFSA, RESP, and RRSP to Cash, Margin, and many others. Customers have the opportunity to trade stocks, bonds, options, mutual funds, ETFs, and precious metals. They are free to do this both on the Canadian stock markets as well as on all major United States markets. In this review, which will include a risk review too, we will be detailing everything you need to know about the online broker called Questrade.
More about Questrade and Questrade risk review
Questrade is definitely a market leader when it comes to its offer. For example, back in 2010, they became the first Canadian broker that allowed US Dollars to be held in registered accounts. The competitors reached this level after entire years. So, clearly, Questrade is a trustworthy and professional brokerage firm that it’s worth taking a look at.
When it comes to costs, it’s worth noting that Questrade offers two pricing plans. They are called the Democratic Pricing, which is the basic one, and the Questrade Advantage which is the active trader program. If you are a beginner or only trading as a hobby, the first one is probably the best for you. The price is capped for regular stock trades and quite fair. In fact, it all depends on your trading style and average order size. There is no minimum required deposit on Questrade.
The Questrade Advantage pricing plan becomes more advantageous after the trader spends at least $100 in monthly commissions. In this program, you must also signup for at least one advanced market data offering. After that, you will have the option to pick between the Fixed-rate or variable pricing plan.
It’s also worth mentioning the Questrade risk review. This is an action that takes place once various order conditions are met. Customers can check whether or not their order has had a risk review done from the Trade Desk. After that, the order gets sent to the market.
About the Questrade platforms
Questrade has two main trading platforms. The IQ Web one works from any browser while the IQ Edge is desktop-based. If you are an active and experienced trader, the latter might be better because it offers more in-depth customization and more trading tools. This one is also very easy to install. Once you log in to it, you can definitely see the difference between the two platforms. Its active trading feature runs smoothly and without any major issues. You can select from a default black theme, blue, and light themes.
As for the IQ Web platform, it must be said that it has a very clean look to it. Plus, you are able to customize it almost entirely and make it your own. The IQ Web provides everything you need for a seamless trading experience even if it’s a basic one. It offers you charts, trading, news, watch lists, quotes, and account management.
Questrade offers interesting research tools
Questrade also has a very interesting Market Research center that helps you do your homework well. You can easily find it on their official webpage and it consists of two research tools: Market Intelligence and Intraday Trader.
The first one is backed by Morningstar, which is a research provider and offers fundamental analysis for ETFs and equities in Canada and the US. The individual securities reports are very well done and of very high quality. Clients can also access the Mutual Fund Centre that only focuses on Canadian funds.
The Intraday Trader provides people with trade ideas and uses automated technical analysis algorithms. This is a very good way for traders to find the right opportunities more quickly and easily.
All in all, it’s safe to say that Questrade is truly one of the most professional online brokers out there. With a lot of years of experience behind, this team knows exactly what traders need in order to succeed. It’s a good option for both beginner and seasoned traders, as well as for full-time and occasional ones. The pricing is transparent and competitive too and will undoubtedly attract people like moths to a flame. The Questrade risk review option is also very useful. You won’t regret picking them for your trading endeavors.