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Questrade Review 2017 Questrade telah muncul sebagai pemimpin broker online di Kanada dengan melayani dengan luar biasa kepada semua investor utama. Mereka memiliki komisi terendah di Kanada melalui struktur harga yang demokratis, di samping alat penelitian yang sangat baik dan platform perdagangan yang solid. Questrade juga dinilai sebagai penyedia layanan keuangan dengan pertumbuhan tercepat sebagian karena layanan pelanggan yang luar biasa. 9660 Gulir ke Bawah Untuk Tinjauan Kedalaman WrittenUpdated oleh Emma Li pada hari Selasa, 28 Februari 2017 Editor Rating: (90) Penilaian Pengguna: (95) Ketika berinvestasi pada 2017, lanskap perdagangan dimandikan dan meledak pada jahitannya dengan Rumah pialang keuangan yang tak terhitung jumlahnya. Nama besar seperti BMO InvestorLine, RBC Direct Investing, TD Direct Investing, Interactive Brokers, Scotia iTrade, dan setidaknya selusin lagi tersedia untuk dipilih. Sayangnya, melalui analisis yang lebih dalam, seseorang dapat dengan mudah membedakan perbedaan khas di antara mereka, terutama di dalam lingkaran bank-bank besar. Sebagian besar perusahaan pialang terutama menghasilkan pendapatan melalui ramuan baru dan inventif dari biaya yang tak terhitung jumlahnya dan terus berlanjut yang didorong ke pemegang rekening mereka. Biaya tersebut termasuk, namun tidak terbatas pada, biaya administrasi, biaya set-up, biaya aktivitas, biaya tidak aktif, biaya tersembunyi, dan biaya setelah jam kerja. Biaya tambahan ini mungkin bagus dan bagus untuk persentase pecahan pedagang dengan volume tinggi hanya karena volume perdagangan semata-mata dan keuntungan yang direalisasikan berpotensi mengimbangi biaya tersebut dari waktu ke waktu. Namun, bagi kita semua, biaya yang ditambahkan dan konsisten merupakan pengingat bahwa seiring berjalannya waktu, rumah selalu menang.8221. Gunakan Kode Penawaran: Kanada untuk menerima 50 di Perdagangan Bebas dari Questrade. Investor awal biasanya akan melihat ke bank lokal mereka untuk membuka rekening trading mereka terutama karena kenyamanan karena mereka sudah memiliki satu atau lebih rekening chequingsavings pribadi dengan bank tersebut dan karena itu membuka rekening trading hanyalah sebuah panggilan telepon. Bencana yang tidak menguntungkan dengan pendekatan itu adalah bahwa bank-bank besar, dan dalam hal ini, hampir semua perusahaan pialang lainnya di Kanada akan menugaskan Anda sebuah lengan dan kaki untuk aktivitas apa pun yang Anda lakukan (dan tidak dilakukan) di akun trading Anda. Ya, bahkan di era internet yang ekspansif ini, di mana semuanya melayani kenyamanan, jadwal komisi di seluruh papan bersifat panjang, kuat, dan sangat ramah perusahaan. Dengan tarif standar pada 29-49 per perdagangan menjadi hal biasa, tidak ada yang bisa dipertanyakan jika keseluruhan industri adalah bagian dari skema penetapan harga. Dimana pilihan The Rise of Questrade. Didirikan pada tahun 1999 perusahaan ini ingin melakukan dan menjadi sesuatu yang berbeda. Melihat semakin tidak puasnya pedagang aktif dan tidak aktif sama-sama yang bosan melihat keuntungan pasar mereka hanyut dalam banjirnya biaya perantara baru oleh perusahaan lain, Questrade memulai sebuah proses untuk merampingkan keseluruhan pendekatan investasi. Dan dengan begitu saya pikir mereka berhasil melakukan pekerjaan yang cukup mengesankan. Dalam sisa tinjauan ini saya akan mengeksplorasi Questrade dan penawaran kolektif mereka dalam hal yang baik dan yang buruk. Pertama sedikit tentang saya. Saya bukan trader agresif yang sangat aktif. Sering kali saya akan mengambil pendekatan buy-and-hold sebagai gaya investasi saya yang teruji dan benar. Jadi ketika saya membeli ke perusahaan saya melakukannya untuk jangka panjang. Namun, kadang kala saya gatal dan mulai trading seperti orang gila tapi ini tidak sering terjadi. Questrade menawarkan komisi perdagangan saham 8216demokratis yang bagus: 1. persen per saham dengan biaya minimum 4,95trade dan biaya maksimum plafon maksimum 9,95 8212 yang ideal untuk investor jangka panjang. Pedagang aktif (atau siapa saja kapan saja) memiliki opsi alternatif 1 persen per saham (minimum minimum minimum 6,95), atau komisi saham dengan nilai rata-rata 4,95 8212 ideal untuk perdagangan saham dengan volume tinggi. Pilihan investasi untuk pengguna aktif ini datang dengan atraktif rendah 4,95 persen per kontrak. Dan proses mendaftar ke program alternatif ini hanya melibatkan berlangganan salah satu dari beberapa rencana data pasar Questrade8217. Ini harus dilirik lagi Ini bukan tipu Questrade yang menawarkan perdagangan termurah di seluruh Kanada. Poin harga mereka sangat mengesankan sehingga benar-benar mendorong andor baru dan investor kecil untuk terjun dan mengambil bagian dalam permainan investasi sementara juga menarik pedagang aktif yang tidak puas dari perusahaan pialang lainnya untuk melakukan transfer (tanpa biaya). Mereka membuatnya sangat jelas bahwa mereka tidak mengenakan biaya setup, biaya tahunan, atau biaya tidak aktif (lebih banyak lagi nanti) pada layanan mereka yang merupakan perubahan yang disambut baik dengan norma industri. Namun, bagi mereka yang mencari lebih banyak portofolio yang dikelola secara aktif, ada layanan khusus yang mereka tawarkan dengan biaya tahunan nominal. Ini akan dibahas secara mendalam nanti dalam tinjauan ini. Ada beberapa fasilitas penting lainnya yang disediakan oleh Questrade. Yang pertama adalah kemampuan untuk membeli dana ETF (Exchange Traded Funds) tanpa biaya komisi 8212 mereka bebas membeli Dengan begitu banyak investor beralih ke ETF akhir-akhir ini karena MER yang rendah dan beragamnya, hal itu merupakan angin segar yang menyenangkan untuk Dapat melakukannya tanpa biaya apapun. Questrade mungkin menjadi salah satu broker diskon pertama di Kanada untuk melakukan hal seperti itu, dan saya menghargai mereka. Kedua, Questrade menawarkan IPO (Initial Public Offering). Bagi mereka yang tidak asing dengan IPO, ini hanyalah penjualan pertama dari isu baru oleh perusahaan swasta kepada publik. Questrade secara teratur memiliki akses ke berbagai penawaran baru, membuatnya tersedia bagi klien. Questrade menawarkan beberapa jenis akun: Account Margin (misalnya Perorangan, Informal Trust, Bisnis) Terdaftar (misalnya TFSA, RRSP, RESP) Investasi Managed Forex (FX) dan Contract For Difference (CFD) Managed (misalnya uang tunai individu, Terdaftar, uang perusahaan ) Dan menyediakan akses ke layanan berikut: 1cent per share 8211 4.95trade minimum 9.95 biaya maksimum Portofolio IQ (Managed Investing) Biaya bervariasi 8211 0,35 sampai 0,70 (minimal 2.000 aset) Pendaftaran Akun Baru Proses pembukaan rekening online Sangat intuitif, tidak menimbulkan rasa sakit, dan sangat cepat (2 menit untuk akun umum Anda, akses ke platform praktik, dan diskusi komunitas 20 menit total untuk membuka akun perdagangan). Anda memerlukan nomor asuransi sosial Anda (SIN), informasi rekening bank, dan rincian majikan (atau sumber penghasilan jika menganggur). Dan meskipun mereka memiliki alternatif cetak offline, saya sangat merekomendasikan proses online aman mereka, bukan karena mengurangi jumlah masalah kesalahan dan terbaca, dan mendukung DocuSign untuk proses penandatanganan secara online. Gunakan Kode Penawaran: Kanada untuk menerima 50 di Perdagangan Bebas dari Questrade. Perjanjian Seleksi Akun Awal Daftar Awal Salah satu hal pertama yang harus Anda lakukan saat mendaftar adalah membuat ID pengguna dan kata sandi untuk akun baru Anda. Di hari-hari sebelumnya Questrade memiliki proses otomatis yang menghasilkan dan mengirimi lewat email kata sandi ini, dan bersama dengan alamat email Anda berfungsi sebagai kredensial masuk utama Anda. Cara lama ini menjadi potensi kerentanan dan karenanya mereka untungnya mengubahnya kembali di tahun 2011 menjadi apa yang mereka miliki sekarang. Manfaat membuat ID pengguna dan kata sandi Anda sendiri juga membuat lebih mudah untuk kembali ke aplikasi yang tidak lengkap di lain waktu. Sesi keluar setelah 30 menit tidak aktif sehingga memberi Anda cukup waktu untuk mengumpulkan dokumen dan kredensial yang dibutuhkan, dan meninjau rincian yang Anda masukkan. Questrade menawarkan dua koleksi akun: Investasi Mandiri dan Investasi yang Dikelola. Jika Anda ingin memiliki kontrol penuh atas akun Anda (s) maka self-directed adalah untuk Anda. Bagi mereka yang menginginkan pendekatan yang dikelola secara profesional ditangani oleh staf nyata (divisi Questrade Wealth Management) di balik layar yang mempertimbangkan dengan hati-hati sasaran pribadi dan toleransi risiko Anda untuk mencocokkan, mengelola, memantau, dan menyesuaikan investasi terbaik tanpa keterlibatan harian Anda kemudian dikelola Investasi (dikenal sebagai Portofolio IQ di bawah lafik Questrade8217s) adalah pilihan terbaik. Namun, tidak seperti self-directed, Portfolio IQ memang menghasilkan biaya manajemen minimum 14 tahun. Menurut pendapat saya, self-directed adalah satu hal yang perlu dipertimbangkan mengingat keputusan membuat keputusan investasi cukup sederhana bahkan bagi pendatang baru akhir-akhir ini dan untuk menambahnya, akun mandiri tidak memiliki biaya (di luar komisi perdagangan biasa) yang terkait dengan mereka tidak seperti Sepupu investasi yang dikelola mereka. Saya akan menyelidiki secara mendalam tawaran investasi yang dikelola di bagian selanjutnya. Setelah mendaftar secara online (jangan lupa gunakan kode tawaran Questrade saat mendaftar), Anda dapat langsung masuk ke akun baru dan melihat-lihat. Namun, untuk secara resmi mengaktifkan akun Anda (untuk memulai trading) setoran awal diperlukan 8212 self-directed: 1.000 untuk akun margin, 1.000 USD untuk akun forex (deposit CAD dikonversi otomatis menjadi USD), 5.000 untuk spread opsi perdagangan, 25.000 Untuk menulis opsi yang tidak terungkap, dan mengelola investasi (Portfolio IQ) memerlukan setidaknya 1 setoran awal. Setelah deposit minimum awal ini telah membebaskan Questrade, Anda akan mengirim pesan konfirmasi kepada Anda. Untuk aplikasi offline Anda akan dihubungi oleh perwakilan mengkonfirmasikan trading bisa dimulai. Dibutuhkan waktu 1-3 hari kerja sejak mendaftar ke akun Anda untuk memulai trading. Bagian terpanjang prosesnya adalah menunggu dana diterima dan diproses oleh Questrade. Setelah semuanya berjalan, menjaga keseimbangan ekuitas minimal 250 sangat penting untuk menjaga akun aktif Anda tetap bereputasi baik. Questrade mendukung beberapa metode untuk mendanai akun Anda termasuk EFT (dari rekening bank CAD), transfer kawat, cek, deposit pra-otorisasi, wesel, draf, sertifikat saham, transfer broker ke broker, dan dari akun Questrade yang ada lainnya namamu). Perlu dicatat bahwa Anda tidak dapat menggunakan metode EFT untuk mengirim USD ke akun Questrade Anda. Kebalikannya adalah mungkin di mana Anda dapat menarik dana USD ke rekening bank USD (mereka memerlukan cek void atau formulir perjanjian pra-otorisasi yang ditandatangani dan dicap oleh bank). Untuk deposit USD Anda dapat mengatur perjanjian deposit pra-otorisasi dengan Questrade yang memakan waktu sekitar 1-5 hari kerja, atau mengirim draf chequebank bersertifikat ke kantor mereka, atau mentransfer dana USD secara langsung ke rekening Anda. Sebagai alternatif, Anda juga dapat mengkonversikan saldo CAD Anda yang ada (dalam akun Anda) ke USD menggunakan alat Dana Penukaran (terdapat di bawah Permintaan) yang memerlukan waktu hingga 24 jam untuk memproses, atau memanfaatkan Gambles Norbert8217s (konversi yang berhasil telah dikonfirmasi) . Membiayai akun margin (atau akun yang tidak terdaftar lainnya) dengan jenis mata uang secara otomatis akan ditempatkan ke sub-akun (lebih banyak tentang sub-akun di kemudian hari) dengan jenis yang sama (mereka tidak melakukan konversi otomatis 8212 Anda harus melakukan permintaan pada milikmu). Penarikan elektronik memakan waktu kira-kira 3 hari kerja untuk diproses dan sampai ke rekening bank. Catatan menarik yang terkait adalah bahwa Questrade terus menjadi satu-satunya broker di Kanada yang memungkinkan dual-currency (CAD dan USD) diadakan bersamaan di dalam akun terdaftar (yaitu RRSP, RESP, TFSA, LIRA, RIF, LIF) yang masuk dan dari Itu sendiri akan menghemat sejumlah besar uang dari biaya konversi yang tidak perlu. Perlu diketahui bahwa Questrade meluncurkan revisi yang halus namun penting terhadap kebijakan biaya tidak aktifnya. Ini sebenarnya tidak seburuk saat Anda membaca dengan teliti rinciannya. Jika ada yang cukup masuk akal. Seperti yang telah lama diketahui, Questrade tidak mengenakan biaya yang tidak aktif, namun penyesuaian kebijakan ini berpotensi menagih 24,95 (tidak ada pajak) per kuartal kalender. Jika, bagaimanapun, Anda membuat setidaknya satu perdagangan komisi per kuartal (setiap 3 bulan sekali) Anda tidak akan dikenai biaya tidak aktif sama sekali. Jika Anda tidak aktif selama seperempat dan dikenai biaya ini, namun kemudian menghasilkan setidaknya satu perdagangan pada kuartal berikutnya, Anda akan menerima 24,95 perdagangan bebas komisi. Akun amal dan forex, individu berusia 25 tahun atau lebih muda, serta akun baru yang dibuka hanya 6 bulan dibebaskan dari biaya ini (Anda tidak akan dikenai biaya karena tidak aktif). Juga, semua klien Questrade, dan rumah tangga yang memiliki alamat fisik yang sama, dengan gabungan aset ekuitas minimal 5.000 dikecualikan. Bagi kebanyakan investor perubahan ini sepele karena aset mereka hampir selalu melebihi 5.000, dan karenanya tidak akan pernah dikenakan biaya tidak aktif ini. Seperti yang saya jelaskan sebelumnya, saya pikir perubahan ini masuk akal dan masih jauh lebih baik daripada semua rumah broker diskon lainnya yang tidak hanya mengenakan biaya tidak aktif, tanpa pengecualian, mereka melakukannya lebih sering (setiap bulan) dan menangani biaya tersembunyi yang tak terhitung jumlahnya. Yang Questrade tidak. Member Login Account8217s portal kontrol klien utama Anda dikenal dengan nama Questrade Account (alternatifnya, beberapa suka menyebutnya myQuestrade) dan, cukup sederhana, ini adalah pengalaman yang indah dengan organisasi dan daya tarik visual yang dipikirkan dengan baik. Seseorang menaruh banyak cinta ke area ini 8212 memberikan pengalaman immersive dan responsif yang konsisten, dapat diakses di smartphone, tablet, laptop, dan desktop. Portal ini sepenuhnya mengintegrasikan pengelolaan perdagangan dan akun bersama-sama dengan sangat mulus sehingga memberikan akses langsung ke sekuritas pembelian, bekerja dengan alat penelitian, memanfaatkan perpustakaan aplikasi mitra yang ramai (dan API pengembang8217), melihat aktivitas akun Anda, menganalisis saldo dan posisi, mengelola Informasi pribadi, pernyataan melihat, membuat transfer dana tanpa akun Anda, mengunggah dokumen Anda, menukar mata uang CADUSD, melakukan corporate action pada komunikasi pemegang saham, posisi transfer, membuka rekening tambahan, mengambil slip pajak, opsi latihan, dan berinteraksi dengan reksa dana. Ringkasan Reksa Dana Questrade Account Reksa Dana Setelah masuk ke akun Anda untuk pertama kalinya Anda diminta untuk memilih basis rumah default. Sebuah basis rumah adalah tempat Anda ingin Questrade untuk langsung menempatkan Anda setiap kali Anda masuk. Anda memiliki pilihan platform perdagangan atau pengelolaan akun. Meskipun menghemat waktu yang nyaman, Anda dapat melompat di antara masing-masing sewaktu-waktu melalui bilah menu atas yang selalu terlihat. Setelah Anda berhasil membuat Questrade pilihan Anda, Anda bisa mengikuti panduan pengguna interaktif tentang bagaimana menggunakan lingkungan. Akun 8217 terdiri dari 10 digit angka (misalnya 12345678-90). Ini adalah lompatan besar dari ukuran alfanumerik 6-karakter pra-2011 mereka dan karena beberapa bank eksternal telah dilaporkan masih menerapkan batas 8 karakter untuk akun penerima pembayaran saat Anda mencoba mengirim uang ke Questrade. Untuk menyiasati hal ini, Anda hanya perlu memasukkan 8 digit pertama akun Questrade Anda dan dana akan tetap sampai dengan sukses. Jika sewaktu-waktu Anda memerlukan bantuan praktis, Anda dapat selalu menggunakan sesi Bantuan Langsung Questrade online (biasanya dapat diakses dari sisi atas atau kanan situs Questrade8217) 8212 operasional pada hari kerja (kecuali hari libur) dari jam 7:30 pagi 8211 8:00 malam. ET. Saya telah menemukan bahwa menggunakan Bantuan Langsung jauh lebih cepat daripada menghubungi kantor mereka. Dan setelah berbicara dengan beberapa perwakilan online mereka (mereka yang menangani akun baru dan orang lain yang menangani akun yang ada), saya merasa mereka sangat berpengetahuan, profesional, dan cepat dalam tanggapan mereka. Mereka semua juga mengambil waktu tambahan untuk menyediakan tautan web untuk bacaan lebih lanjut yang merupakan bonus bagus. Riwayat Kegiatan Akun Terletak di bawah Laporan adalah serangkaian subkategori yang memberikan rincian tentang aktivitas perdagangan dan aktivitas akun secara umum. Beberapa subkategori ini meliputi: Ringkasan Investasi (digambarkan di atas), Return Investasi. Aktivitas akun Pernyataan. Konfirmasi Perdagangan. Dan slip pajak Ketika Questrade membuat perubahan signifikan pada UI pada tahun 2011, mereka menerapkan semua riwayat aktivitas perdagangan ke portal klien. Ini adalah perubahan yang sangat disambut karena sebelum semua riwayat aktivitas perdagangan ini disediakan oleh perusahaan clearinghouse pihak ketiga yang disebut Penson Financial Services dan Anda harus menggunakan situs yang sama sekali berbeda dan satu set kredensial masuk untuk mendapatkan akses ke informasi ini. Syukurlah hari-hari itu telah berakhir dan Anda sekarang bisa mendapatkan daftar semua investasi Anda (saham, dana, obligasi, dll), saldo dan posisi tunai saat ini (dalam CAD dan USD), ekuitas total, daya beli, dan lebih banyak lagi dalam satu Lokasi Sejarah perdagangan dipertahankan selama 36 bulan sementara eStatements, yang dihasilkan setiap bulan, disimpan selama 7 tahun. Potongan pajak (misalnya T3, T5, T5008) juga tersedia secara elektronik untuk setiap tahun. Konfirmasi Perdagangan Pernyataan Aktivitas Akun Meskipun basis data Konfirmasi Perdagangan Questrade8217 mengklaim untuk membawa rincian perdagangan sejak 1 Januari 2009, kami menemukan bahwa aktivitas yang dilakukan sebelum 4 Februari 2011 mengharuskan anggota mengunjungi situs Penson yang lama. Dan mereka yang berminat perlu memiliki akun Questrade 6 karakter lama karena situs Penson tidak tahu apa-apa tentang representasi akun 10 karakter yang ada. Berikut adalah gambaran singkat tentang seperti apa situs aktivitas penson trading. Kegiatan Perdagangan (sampai Februari 2011) Seperti yang dinyatakan di atas, situs Penson ini hanya relevan dengan anggota Questrade yang ada yang ingin mengakses aktivitas perdagangan arsip sebelum Februari 2011. Semua anggota baru dapat mengabaikan apa yang baru saja saya katakan dan lompat ke paragraf berikutnya. Tetapi bagi mereka yang tertarik pada sejarah kronologis Questrade8217 8212 seperti yang dicatat dan dilihat secara visual di atas aktivitas perdagangan 8212 telah dioutsourcing dan karena itu perbedaan pertama yang terlihat adalah bahwa UI web sangat berbeda dan sangat ketinggalan zaman. Pada saat itu masih sangat mengejutkan bahwa dengan keahlian dan keinginan Questrade untuk menawarkan pengalaman UI yang bersih dan ramah di domain web utama mereka, mereka merasa perlu untuk mengasah uang untuk meng-in-house aktivitas akun ini, juga Memiliki motivasi untuk meminta API layanan web dari Penson memberi mereka kebebasan untuk mengatasi pengalaman Penson yang asli. Meskipun rincian yang diadakan di Penson sangat luas, semuanya berantakan dan membingungkan. Neraca perdagangan dan penyelesaian tanggal 24 jam untuk dicerminkan dalam sejarah juga sama dengan daya beli yang diperbaharui satu kali, pada awal setiap hari. Sebagian besar dari apa yang ditemukan di situs Penson tua ini sekarang terintegrasi ke dalam platform perdagangan Questrade, yang akan dibahas kemudian. Akun margin Questrade (untuk perdagangan opsi saham amp) terdiri dari dua sub-akun 8212 satu untuk dana Kanada, dan lainnya untuk dana A.S. Ini sangat mudah karena mengurangi biaya konversi yang tidak perlu saat memperdagangkan instrumen A.S. Jadi, transaksi pada ekuitas A.S. tetap berlaku seperti USD tidak seperti kebanyakan perusahaan pialang lainnya yang akan melakukan konversi kembali ke CAD segera. Misalnya, dengan Questrade hal-hal seperti pendapatan dividen A.S. dari saham A.S. yang diperdagangkan akan tetap seperti USD dan secara otomatis disetorkan ke sub-akun A.S. Anda. Dana dapat dipindahkan antara sub-akun menggunakan fitur Questrade8217s Exchange Funds, namun perhatikan bahwa ini akan melibatkan konversi berdasarkan kurs spot pada penutupan pasar di Toronto ditambah dengan biaya spread (1,99 untuk margin dan akun terdaftar jika total Ekuitas melebihi 100K ini turun menjadi 1,70 untuk margin dan 1,00 untuk terdaftar). Pendekatan yang lebih baik untuk mengkonversi antara USDCAD, bagaimanapun, adalah dengan menggunakan teknik Gamble Norbert8217s karena hampir menghilangkan biaya penukaran mata uang (ini melibatkan penggunaan tickers DLR.TO, DLR.U.TO dan penjurnalan atas kepemilikan Anda ke satu atau yang lain) . Questrade sangat mendorong tampilan tampilandownloading dari laporan bulan sebelumnya (seperti file pdf) yang tersedia di portal klien Questrade8217 untuk semua aktivitas akun tanpa dipungut biaya. Namun, bagi mereka yang masih berkeras mengirimkan laporan surat melalui surat, mereka dapat melakukannya di sebuah tuntutan besar yang dapat diminta dengan menghubungi mereka secara langsung melalui telepon atau melalui Live Help. Dan, sebagai catatan praktis, komunikasi pemegang saham sering kali dikirim melalui surat biasa. Dengan menggunakan layanan InvestorDelivery gratis, Anda dapat mengatur untuk menerima semua korespondensi investor Anda secara elektronik, jika Anda menginginkannya. Platform Trading Maka mulailah sebuah era baru dalam platform trading untuk Questrade. Selama kita bisa mengingat Questrade telah menenggak bersama platform mereka yang mampu, namun menua: QuestraderWEB, QuestraderELITE, dan QuestraderPRO. Meskipun QuestraderWEB telah direnovasi, ketiga orang ini telah berada di alam liar selama lebih dari 10 tahun. Mereka semua tampil cukup baik dengan hak mereka sendiri namun tidak mengikuti saat-saat seperti terbukti dengan penawaran di rumah broker diskon lainnya. Questrade menandai sebuah babak baru dengan diperkenalkannya suite Questrade IQ. Questrade telah melakukan banyak pekerjaan di balik layar untuk mengubah pengalaman perdagangan investor8217 mereka. Ketika mereka merilis sebuah layout baru untuk portal klien Questrade Account, seseorang tidak bisa membantu kecuali kepala sekolah dan bertanya-tanya mengapa platform trading mereka tidak pernah menerima perlakuan yang sama. Nah, jawabannya tidak jelas: mereka diperbarui dan juga butuh waktu lama. Pencerahan tersebut menyadari bahwa memiliki tiga platform perdagangan desktop yang terpisah membingungkan dan oleh karena itu mereka memilih untuk pensiun dari ketiga platform baru yang lebih dikenal dengan Questrade IQ. Questrade IQ adalah sebuah suite yang terdiri dari tiga rasa: Questrade Trading. Platform perdagangan berbasis web yang berfungsi penuh (untuk pengguna WindowsMacsLinux di Google Chrome 52, Firefox 48, Safari 9 untuk Pengguna Mac, Internet Explorer 11, Microsoft Edge) Questrade IQ Edge. Platform perdagangan berbasis desktop yang ramping (untuk Windows 78.110, macOS 10) dan Questrade IQ Mobile. Peserta mobile pertama mereka di bidang perdagangan (untuk iPhoneiPod Touch iOS 6, dan Android OS 4.1). Seluruh koleksi ini gratis untuk semua anggota dan termasuk kutipan instan CanadianUs. Data streaming Level 1, alat penelitian untuk analisis fundamental dan teknis, paket charting, dan banyak lagi. Pada saat data pasar bisa tertunda (sampai 15 menit) dan saat ini terjadi ikon jam imut muncul di layar untuk memberi tahu Anda tentang penghabisan streaming. Dan meskipun tersedia secara gratis, platform ini dapat ditingkatkan untuk menyertakan satu dari tiga paket data atau menambahkan agrave la carte feed. Sekarang, mari kita lihat lebih dekat masing-masing platform unik ini dan apa yang mereka tawarkan. Questrade Trading Questrade IQ Edge Questrade IQ Mobile Questrade Trading, adalah platform bebas-web yang dapat diakses plugin yang dibangun di atas HTML5 dan dirancang agar dapat diakses di hampir semua perangkat. Ini dibuat dengan mudah diintegrasikan ke dalam portal Questrade Account dan dapat diakses melalui tombol Trade pada menu bar bagian atas. Bahkan bisa diatur menjadi basis rumah Anda saat Anda masuk. Questrade Trading sangat lengkap dan berfungsi sebagai platform gateway utama bagi sebagian besar pengguna seluruh pengalaman trading. Ini juga berfungsi sebagai jawaban Questrade8217 untuk mereka yang, karena satu dan lain hal, mungkin tidak memiliki akses ke (atau kompatibel dengan) IQ Mobile atau IQ Edge. Ini akan menjadi pilihan sempurna bagi pengguna desktop Linux atau kehadiran tablet carrier yang semakin meningkat. Karena ini adalah pengalaman responsif berbasis HTML5 yang sepenuhnya sesuai, tidak seperti yang lain, tidak memerlukan unduhan atau add-on pihak ketiga untuk berfungsi sepenuhnya. Mengambil spin dengan platform ini adalah pengalaman yang sangat membebaskan 8212 penggabungan kekuatan dan kegunaan yang sangat baik. Ini mengenalkan konsep Gadget ke dalam leksikon platform. Gadget adalah jendela tampilan ubahsuaian yang disesuaikan dengan pengguna ke dalam detail pasar dagang Anda. Gadget mencakup, namun tidak terbatas pada: Aktivitas (penampil log), Saldo, Waktu dan Penjualan (aktivitas saham global saat ini), Penawaran Tingkat 1, Penawaran Tingkat 2 (jika Anda membayar tambahan ini), Berita, Pesanan, Bagan, Ringkasan Posisi, dan Daftar Tontonan. Questrade Trading mengherankan kilat dengan cepat dan responsif di setiap browser web yang kami uji. Penggunaan tuas memori dan CPU sangat mengejutkan meskipun ada pilihan, aktivitas, dan fungsionalitas yang harus ditawarkan. Sesi tidak tampak memiliki batas waktu yang tidak aktif. Fitur bonus yang bagus dari platform ini adalah dapat memulai tugas perdagangan pada satu perangkat (misalnya PC rumah) dan kemudian beralih ke perangkat lain (misalnya smartphone atau tablet) untuk menyelesaikannya dengan mudah. Ini adalah tambahan kecil yang tak ternilai harganya karena memungkinkan seseorang untuk secara hati-hati menyusun prosedur perdagangan yang panjang sambil mengizinkan pergerakan bebas selama jadwal sibuk. Tidak seperti sepupu Edge IQ-nya, Questrade Trading tidak dapat mengubah tampilan tema warnanya. 8212 it8217s selalu dalam tema ringan. Di sisi positifnya, perubahan kustom apa pun yang Anda buat pada tata letak otomatis disimpan dan dipulihkan jika Anda pergi dan kembali ke platform. Perbedaan penting antara platform ini dan keluarga lainnya termasuk kurangnya pilihan perintah multi-leg, tidak ada alert, atau workspalls amp heat maps. Jika Anda ingin menggunakan satu atau lebih fitur yang hilang maka Anda harus memilih IQ Edge sebagai gantinya. Tata Letak 8211 Platform Perdagangan Saldo 8211 Kegiatan Platform Perdagangan 8211 Platform Perdagangan Questrade IQ Edge adalah anak laki-laki besar dari suite ini. Ini hanya hadir sebagai aplikasi desktop asli PC berbasis instal (atau Mac) yang direkayasa khusus untuk pedagang aktif dan pro. IQ Edge memungkinkan untuk jumlah ruang kerja yang tidak terbatas (Questrade Trading hanya mengizinkannya). Ruang kerja adalah area layar yang memungkinkan seseorang untuk membuka dan menyesuaikan seperangkat gadget atau jendela baru untuk tujuan tertentu yang sesuai dengan gaya lingkungan perdagangan. Beberapa area kerja yang mudah dinavigasi adalah aset berharga bagi pedagang aktif. Perbedaan besar lainnya antara IQ Edge dan Questrade Trading adalah bahwa IQ Edge menawarkan pilihan lebih lanjut untuk entri pesanan: perintah bersyarat (misalnya perintah pemicu pada waktu, harga, atau volume tertentu secara otomatis), pesanan kurung, peringatan lebih luas, Jendela masuk beberapa pesanan, email pemberitahuan saat ada sesuatu yang dibeli atau dijual, dan kemampuan untuk memesan secara anonim. Ada beberapa perbedaan halus juga. IQ Edge memungkinkan penyesuaian gadget yang luas yang membawa mereka melampaui apa yang dimungkinkan di Questrade Trading. Namun, sebagian besar fitur yang dapat disesuaikan ini bersifat visual (misalnya float, pin, drag-drop, ukuran ulang, pewarnaan, teks berkedip) itu tergantung pada gadget. Anehnya, gadget tidak memiliki fitur snap-to-end di IQ Edge sehingga tidak diatur secara otomatis saat jendela aplikasi utama berukuran ulang. Itu agak merepotkan tapi bukan deal breaker karena kebanyakan orang hanya memposisikan gadget mereka di tempat tertentu dan menjaga jendela aplikasi dengan ukuran yang ditetapkan. Menariknya, kustomisasi gadget apa pun yang Anda buat di IQ Edge tidak beralih ke Questrade Trading (dengan asumsi gadget yang sama ada), dan sebaliknya. Namun, simbol ticker dan data terkait di dalam gadget (misalnya lansiran) dipelihara dengan benar dan dilakukan alih di antara lingkungan webdesktop. Tema warna IQ Edge berkisar dari gelap (default), ringan, dan biru langit. Satu daya tarik tambahan dari IQ Edge adalah memberi rasa rasa nyaman kepada pedagang karena mengetahui aktivitas trading platform mereka tidak akan tertunda atau mengalami cegukan seperti halnya jika menggunakan browser web. IQ Edge ditulis dari bawah ke atas dengan menggunakan kode C yang dioptimalkan dan digunakan untuk prosesor IntelAMD yang memastikan respons tercepat untuk pedagang aktif yang paling banyak. Sayangnya, pada saat penulisan ini tidak ada versi 64 bit untuk IQ Edge pada PC. Untuk Mac itu native 64-bit. Ini masih akan berjalan normal pada sistem Windows 64-bit, namun tidak akan berjalan seefisien mungkin. Dengan harapan ini, dalam waktu dekat, versi 64 bit Windows Edge IQ yang dioptimalkan akan tersedia. Layout 8211 IQ Edge Charts 8211 IQ Edge Order Entry 8211 IQ Edge Dan sekarang kita mengalihkan perhatian kita ke Questrades platform penting lainnya: Questrade IQ Mobile 8212 platform trading mobile mereka yang sangat sederhana dan sangat mumpuni. Beroperasi kapan saja, aplikasi ini tersedia untuk perangkat iOS (iPhone dan iPad) dan Android dari toko aplikasi masing-masing. Questrade awalnya berencana merilis versi serupa untuk Windows Phone dan Blackberry namun, bisa dimengerti, karena berkurangnya harga pasar, gagasan tersebut telah digosok akhir dalam siklus pengembangan. Dengan demikian, perangkat tersebut perlu menggunakan alternatif berbasis browser mereka: Questrade Trading. Kami menemukan bahwa rangkaian fitur IQ Mobile8217s hampir sama dengan platform Questrade Trading mereka, dengan tweak visual yang tergabung untuk lebih sesuai dengan perangkat portabel. Semuanya ada di sini, termasuk alat penelitian, grafik, perdagangan opsi, dan data Level 2. Anda bahkan dapat melakukan tindakan pengelolaan akun secara langsung di dalam aplikasi. Tata letak visual dan pengorganisasian fitur sangat dipikirkan dengan baik. Kami dapat menavigasi dan menggunakan aplikasi dengan sangat mudah. Meskipun mereka dengan mudah menyediakan alat bantu interaktif di dalam aplikasi, kami mendapati ada sedikit kebutuhan untuk itu karena semuanya masuk akal. Setelah menggunakan platform ini selama beberapa hari ini, jelas bagi kami, Questrade bertujuan menjadikan IQ Mobile sebagai fitur yang kaya dengan IQ Edge dari waktu ke waktu. Tidak ada pertanyaan bahwa ini adalah komponen integral untuk Questrade, dan sangat mungkin adalah rangkaian keseluruhan yang paling penting ini dalam hal pertumbuhan jangka panjang karena kebanyakan orang akan terus mencari ponsel mereka (dan perangkat portabel lainnya) seperti mereka. Hub utama ke pasar. Jadi i8217m yakin ini akan disambut dengan senyuman gembira oleh pedagang aktif yang telah mendambakan untuk menjadi lebih utuh tanpa ikatan dari desktop Edge IQ mereka. Di perjalanan ada di sini untuk tinggal sehingga masuk akal bahwa Questrade akan melanjutkan tren mereka untuk mengintegrasikan lebih banyak fungsi jagoan seperti Edge ke IQ Mobile, yang tentunya mendorongnya jauh melampaui saudaranya yang berbasis web. Harapannya adalah Questrade akan dengan hati-hati mengendalikan tali pengikat mobilitas itu dengan mempertahankan keteguhan intuitif pengguna yang unik untuk memastikan daya tarik massa, sementara masih termasuk kecanggihan yang lebih untuk membuat populasi perdagangan aktif mereka tetap bahagia dan, pada saat yang sama, memelihara generasi baru Di mana para investor yang sekarang akan memiliki akses ke peralatan canggih yang berkembang seiring kepercayaan dan portofolio mereka tumbuh. Quote 8211 IQ Mobile Options 8211 IQ Mobile Level 2 Data 8211 IQ Mobile Tidak diragukan lagi, suite platform trading baru ini adalah lompatan raksasa ke arah yang benar untuk Questrade. Koleksinya mencakup semua QuestraderWEB, QuestraderPRO, dan QuestraderELITE (platform perdagangan lama mereka yang sudah tidak berfungsi) dan beberapa diantaranya. Dan suite ini melakukannya dengan cara yang paling intuitif dan komprehensif. Dengan mengambil langkah berani untuk pensiun dari platform lama mereka dengan menggantikan mereka dengan lingkungan perdagangan generasi tangkas berikutnya adalah pertanda bahwa Questrade sangat peduli dalam memberikan pengalaman terbaik bagi pedagang kasual dan menuntut pengguna aktif. Interestingly, upon further investigation we found that new releases for this suite is always consistent and swift 8212 a major new release occurs every month 8212 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) 8212 providing one-click Buy Now buttons across the web 8212 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 platform8217s most common features. Videos 8211 Trading Platform Videos 8211 IQ Edge Videos 8211 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 they8217ve 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 Questrade8217s 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 bidask 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 you8217ve bought on margin and haven8217t 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 don8217t 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 there8217s 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 29.95month 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 and puts them in the hands of portfolio managers of their Questrade Wealth Management division. Who doesn8217t want to take it easy and watch their money grow towards financial independence with little effort It8217s 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 Canada8217s first online wealth management service, Portfolio IQ debuted as a definitive market disrupter 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 review8217s Questrade offer code can also be used when opening this type of account. Once open you8217re 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. What8217s 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. All the portfolios deal exclusively in ETFs (composed of a mix of various sectors, markets, and countries) and come in 5 flavors: 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 sharesbonds 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 it8217s logically understandable why so many want in 8212 it8217s 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 desktoplaptops. smartphones, and tablets. When you see an IPO or other new issue you like, it8217s 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 you8217ve 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 won8217t be above the 5,000 Questrade minimum. Once the order is confirmed Questrade passes along the interest to the offering8217s 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 client8217s original order. Although the IPO Centre mostly has Canadian offerings, U.S. IPOs do show up from time-to-time as well. It8217s 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, it8217s only logical that most offerings will be Canadian by nature. Interestingly, many international miningresource 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 companyoffering 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 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. Questrade8217s security measures have improved dramatically over the years. For example, upon sign-up for a new account you are required to create a user ID, password, and set up a few security questions. User ID8217s 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 scanmonitor 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 8212 they were protected all this time. Although they don8217t have security guarantees against intruders breaching accounts on your end, if there is fraudulent activity and it8217s proven to be due to the negligence of Questrade they are in a position to cover your loss. Also note that Questrade is a CIPF member, and so Canadian investors are covered up to 1,000,000. Final Thoughts Reviews online are overwhelming negative towards Questrade. Prior to writing this review I 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. Overall my experience with Questrade was a very pleasant one. Their 8220killer app8221, so to speak, is free (no commission charge) ETFs (Exchange Traded Funds) and that one can execute trades as low as 1cent per share (4.95 minimum) with no catch. It doesn8217t get any sweeter than that In rare instances I sometimes come across other brokerages offering promotionals at 4.95trade but when you dig deeper into their fine print it almost unequivocally is for 8220big fish8221 traders who must spend upwards of 100,000month 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. Questrade8217s 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 Questrade has made many brilliant enhancements over the years including, but not limited to, a unified single sign-on approach that provides a more consistent milieu. There are a few 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 can8217t always have everything. So I will give them a pass on that. Should you join Yes 8212 a resounding YES Questrade offers a remarkably rich tapestry of features well tailored for new investors and seasoned traders. For someone like me, as a casual trader, who has experienced headaches with other brokerage firms it8217s nice to finally find a good home at Questrade who doesn8217t 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 isn8217t this what we really hope a respectable brokerage firm provides us Use Offer Code: Canada to receive 50 in Free Trades from Questrade when signing up for a new account.Your session is secure During the account opening process, the information you provide to us is encrypted using Secure Socket Layer (SSL) technology. SSL melindungi informasi saat melintasi Internet. Untuk mendukung teknologi ini, Anda memerlukan browser yang berkemampuan SSL. Bagaimana cara mengetahui apakah halaman web aman Anda dapat mengetahui apakah Anda mengunjungi area aman di dalam situs web dengan mencari simbol gembok di bilah status di bagian bawah layar browser Anda, atau di alamat URL di bagian atas layar. Saat gembok berada dalam posisi terkunci, sesi Anda terhubung ke server yang aman. Catatan: jika Anda menggunakan browser terenkripsi dan Anda tidak melihat simbol koneksi aman selama proses aplikasi Questrade online, Anda mungkin telah memasuki situs melalui koneksi yang tidak aman. Untuk masuk kembali ke situs melalui sambungan aman, buka beranda kami dan klik tab login di bagian atas halaman dan pilih myQuestrade. Apa yang bisa saya lakukan untuk melindungi diri Anda Anda hanya boleh menggunakan browser yang menggunakan fitur enkripsi dan keamanan yang kuat seperti Windows Internet Explorer. Kunjungi Microsoft untuk mendownload versi terbaru. Important: we do not recommend beta browser versions.ULTIMATE Questrade Review 2017 Questrade has emerged as the online brokerage leader in Canada by catering superbly to all mainstream investors. They have the lowest commissions in Canada through a democratic pricing structure, alongside excellent research tools and solid trading platforms. Questrade is also rated as the fastest growing financial service provider in part due to outstanding customer service. 9660 Scroll Down For The In-Depth Review WrittenUpdated by Emma Li on Tuesday, February 28 2017 Editor Rating: ( 90 ) User Rating: ( 95 ) W hen it comes to investing in 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 can8217t 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 8220the house always wins8221. 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 chequingsavings 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 don8217t do) in your trading account. Yes, even in this expansive internet age where everything is self-serve 247 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 can8217t help but question if the entire industry is part of some price-fixing scheme. Where are the choices The Rise of Questrade . Founded in 1999 this company wanted to do and be something different. 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. And in so doing I think they8217ve done a pretty impression job. In the rest of this review I will explore Questrade and their collective offerings in terms of the good and the bad. 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 offers a well-crafted industry unique 8216democratic pricing8217 stock trading commission: 1cent per share with a minimum charge of 4.95trade and a ceiling maximum commission charge of 9.95 8212 ideal for long-term investors. Active traders (or anyone at anytime) have the alternative option of 1cent per share (1cent minimum 6.95 maximum), or a 4.95 flat stock commission charge 8212 ideal for high volume share trades. Options investing for these active users come with an attractively low 4.95 75cent per contract. And the process of enrolling into this alternative program simply involves subscribing to one of Questrade8217s 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 andor 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 (at no charge). They make it abundantly clear that they don8217t 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. There are a few other noteworthy perks provided by Questrade. The first is the ability to buy ETF (Exchange Traded Funds) funds at no commission charge 8212 they are free to buy 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. Secondly, Questrade offers IPOs (Initial Public Offering). 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 offer several types of accounts: Margin Accounts (e.g. Individual, Informal Trust, Business) Registered (e.g. TFSA, RRSP, RESP) Forex (FX) and Contract For Difference (CFD) Trading Managed Investing (e.g. Individual cash, Registered, Corporate cash) And provides access to the following services: 1cent per share 8211 4.95trade minimum 9.95 maximum charge Portfolio IQ (Managed Investing) Cost varies 8211 0.35 to 0.70 (minimum of 2,000 in assets) 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. 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 Questrade8217s lexicon) is the best option. However, unlike self-directed, Portfolio IQ does come at a price 8212 a 14year 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. I8217ll go in-depth on their managed investing offering in a later section. After signing up online (don8217t 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 8212 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 writesell 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), 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 chequebank 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 Norbert8217s Gambit (successful conversions have been confirmed). Funding your margin (or other non-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 8212 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) which in and of itself will save a tremendous amount of money from unnecessary conversion fees. Please be aware that Questrade rolled out a subtle but important revision to its inactivity fee policy. It8217s actually not that bad when you peruse the details. If anything it8217s 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 account8217s primary client control portal is known as Questrade Account (alternatively, some like to call it myQuestrade ) 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 8212 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 buysell securities, work with research tools, make use of a bustling library of partner apps (and developer8217s API), view your account activity, analyze balances and positions, manage your personal details, view statements, make fund transfers inout of your accounts, uploaddownload your documents, exchange CADUSD 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 it8217s a convenient time saver you can jump between each at any time via an always-visible top menu bar. Once you8217ve made your choice Questrade walks you through an interactive user guide on how to use the environment. Accounts 8217s 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 Questrade8217s site) 8212 operational on weekdays (excluding holidays) from 7:30am 8211 8:00pm ET. I have found that using Live Help is much quicker than calling their offices. 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 all also took the extra time to provide web links for further reading which was a nice bonus. 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. Trade Confirmations Statements Account Activity Although Questrade8217s 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 Questrade8217s chronological history 8212 as noted and visually seen above 8212 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 didn8217t 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 accounts (for stocks amp options trading) are comprised of two sub-accounts 8212 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 Questrade8217s 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 USDCAD, however, would be to use the Norbert8217s 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 viewingdownloadingprinting of previous month statements (as pdf files) made available in Questrade8217s 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 20statement 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 investor8217s trading experience. When they released a whole new layout for the Questrade Account client portal one couldn8217t help but head scratch and wonder why their trading platforms never received the same treatment. Well, the answer can8217t be clearer: they were being updated as well 8212 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 WindowsMacsLinux 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 78.110, macOS 10) and Questrade IQ Mobile . their first mobile entrant in the field of trading (for iPhoneiPod Touch iOS 6, and Android OS 4.1). This entire collection is free for all members and includes snap quote live CanadianU.S. Data streaming Level 1, alat penelitian untuk analisis fundamental dan teknis, paket charting, dan banyak lagi. 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 agrave la carte feeds. Now, let8217s take a closer look at each of these unique platforms and what they have to offer. Questrade Trading Questrade IQ Edge Questrade IQ Mobile Questrade Trading, is a plugin-free web-accessible 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 Questrade8217s 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 8212 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 tradingmarket 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 don8217t 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. Unlike its IQ Edge cousin, however, Questrade Trading cannot change its colour theme appearance 8212 it8217s 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 the platform. Notable differences between this platform and the rest of the family include the lack of multi-leg option orders, no alerts, nor workspaces amp heat maps. If you are looking to use one or more of those missing features then you should opt for IQ Edge instead. Layout 8211 Trading Platform Balances 8211 Trading Platform Activity 8211 Trading Platform 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 to 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 don8217t 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 webdesktop 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 platform8217s 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 IntelAMD 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 won8217t be running as efficiently as it could be. Here8217s hoping that in the near future an optimized 64-bit Windows version of IQ Edge will be made available. Layout 8211 IQ Edge Charts 8211 IQ Edge Order Entry 8211 IQ Edge And now we shift our attention towards Questrades other important platform: Questrade IQ Mobile 8212 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 Mobile8217s feature set is nearly identical to their Questrade Trading platform, with incorporated visual tweaks to better suit portable device operability. It8217s all here, including research tools, 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 it8217s 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 i8217m 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 app8217s 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 8211 IQ Mobile Options 8211 IQ Mobile Level 2 Data 8211 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 8212 a major new release occurs every month 8212 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) 8212 providing one-click Buy Now buttons across the web 8212 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 platform8217s most common features. Videos 8211 Trading Platform Videos 8211 IQ Edge Videos 8211 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 they8217ve 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 Questrade8217s 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 bidask 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 you8217ve bought on margin and haven8217t 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 don8217t 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 there8217s 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 29.95month 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 and puts them in the hands of portfolio managers of their Questrade Wealth Management division. Who doesn8217t want to take it easy and watch their money grow towards financial independence with little effort It8217s 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 Canada8217s first online wealth management service, Portfolio IQ debuted as a definitive market disrupter 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 review8217s Questrade offer code can also be used when opening this type of account. Once open you8217re 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. What8217s 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. All the portfolios deal exclusively in ETFs (composed of a mix of various sectors, markets, and countries) and come in 5 flavors: 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 sharesbonds 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 it8217s logically understandable why so many want in 8212 it8217s 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 desktoplaptops. smartphones, and tablets. When you see an IPO or other new issue you like, it8217s 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 you8217ve 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 won8217t be above the 5,000 Questrade minimum. Once the order is confirmed Questrade passes along the interest to the offering8217s 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 client8217s original order. Although the IPO Centre mostly has Canadian offerings, U.S. IPOs do show up from time-to-time as well. It8217s 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, it8217s only logical that most offerings will be Canadian by nature. Interestingly, many international miningresource 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 companyoffering 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 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. Questrade8217s security measures have improved dramatically over the years. For example, upon sign-up for a new account you are required to create a user ID, password, and set up a few security questions. User ID8217s 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 scanmonitor 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 8212 they were protected all this time. Although they don8217t have security guarantees against intruders breaching accounts on your end, if there is fraudulent activity and it8217s proven to be due to the negligence of Questrade they are in a position to cover your loss. Also note that Questrade is a CIPF member, and so Canadian investors are covered up to 1,000,000. Final Thoughts Reviews online are overwhelming negative towards Questrade. Prior to writing this review I 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. Overall my experience with Questrade was a very pleasant one. Their 8220killer app8221, so to speak, is free (no commission charge) ETFs (Exchange Traded Funds) and that one can execute trades as low as 1cent per share (4.95 minimum) with no catch. It doesn8217t get any sweeter than that In rare instances I sometimes come across other brokerages offering promotionals at 4.95trade but when you dig deeper into their fine print it almost unequivocally is for 8220big fish8221 traders who must spend upwards of 100,000month 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. Questrade8217s 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 Questrade has made many brilliant enhancements over the years including, but not limited to, a unified single sign-on approach that provides a more consistent milieu. There are a few 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 can8217t always have everything. So I will give them a pass on that. Should you join Yes 8212 a resounding YES Questrade offers a remarkably rich tapestry of features well tailored for new investors and seasoned traders. For someone like me, as a casual trader, who has experienced headaches with other brokerage firms it8217s nice to finally find a good home at Questrade who doesn8217t 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 isn8217t this what we really hope a respectable brokerage firm provides us Use Offer Code: Canada to receive 50 in Free Trades from Questrade when signing up for a new account.
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