Questrade Review

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Likes

Canadian broker offering investors access to both US and Canadian markets; multiple platforms appeal to both casual and more active investors.
Dislikes

Broker only available to Canadian Residents; distinguishing between trade platforms can be difficult.
Bottom Line

For Canadian residents Questrade offers clients competitive commissions rates and easy access to both the US and Canadian stock markets.
Ideal Client

Canadian citizens looking to invest in both the US and Canadian markets.

2013 Ratings 2013 Rankings

Overall
Commissions & Fees
Customer Service
Platform & Tools
Research
Ease of Use
Investment Offering
Education
Mobile Trading

2013 Review Star Ratings
N/A - Not Applicable

N/A	Overall
N/A	Commissions & Fees
N/A	Platforms & Tools
N/A	Research
N/A	Customer Service
N/A	Mobile Trading
N/A	Active Trading
N/A	Options Trading
N/A	New Investors

N/R - Not Ranked in Top 10
N/A - Not Applicable

Reviewed by: Blain Reinkensmeyer
Review date: 2/19/2013

Questrade is a financial service provider with a democratically priced online stock trading platform for its Canadian based investors. They have a solid platform of trading tools for their customers, competitive commissions, and other options such as trading physical Gold. Questrade is one of the fastest growing Canadian brokers due to great customer service, direct access technology, and quick trade execution.

Our Questrade review provides trade platform screenshots, detailed commissions information, and online broker ratings.

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Reviewed by Blain Reinkensmeyer

Blain has been involved in the markets for over 10 years, heading StockBrokers.com equity broker research and reviews. His personal blog, StockTradingToGo.com, provides to-the-point daily market recaps to over 15,000 subscribers.

Trade Commissions Breakdown

$4.95	Flat-Fee Trade Plan*
N/A	Per-Share Trade Plan
$9.95	Options Base Trade Fee*
$1.00	Options Contract*
N/A	Options Exercise Fee
N/A	Options Assignment Fee
$9.95	Mutual Fund Trade Fee
N/A	Broker Assisted Trade Fee
$1,000.00	Minimum Deposit

Miscellaneous Fees

N/A	Bond Trade Fee
N/A	Treasury Trade Fee
N/A	Certificate of Deposit (CD) Trade Fee
N/A	Interactive Voice Response (IVR) Phone Trade Fee
N/A	IRA Annual Fee
N/A	IRA Closure Fee
N/A	Forced-Margin Sellout Fee
N/A	Returned ACH Fee
N/A	Returned Wire Transfer Fee
N/A	Stock Certificate Processing Fee
N/A	Stock Certificate Delivery Fee
N/A	Paper Statement Fee
N/A	Paper Confirmation Fee
N/A	Outgoing Domestic Wire Transfer Fee
N/A	Outgoing International Wire Transfer Fee

Commission Notes

Questrade is a Canadian based broker offering discount stock trades to Canadian residents. The broker also offers clients to trade US stocks while holding US cash in their accounts. Questrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). CIPF provides coverage for your general accounts up to CAD $1 million per account.

Stock Trades - All stock trades are $.01 per share with a $4.95 minimum per trade and a $9.95 max per trade. There is a $25 additional fee for phone orders.

Options Trades - All options trades are $9.95 + $1.00 per contract. Any options assignments are a flat $12.95.

Mutual Funds - $9.95 per trade. Questrade also offers a mutual fund maximizer program. For certain mutual funds Questrade will refund you the trailer fees (fees paid by the fund company to the broker) directly to the clients account.

Other Investments - International Trading available (outside of Canadian and US exchanges): International trades are charged a commission of 1% of the trade value (minimum charge of $125 USD), plus applicable exchange or stamp fees. Forex trading and the purchasing of Gold are also available investment types offered by the broker.

Questrade was reviewed by Blain Reinkensmeyer on 2013-02-19 with an overall rating of 3.5 Stars.

Misc. Account Information

	Clearing Firm
N/A	No. of Commission-Free ETFs
N/A	No. of Retail Locations
N/A	No. of Mutual Funds (w/ Load)
N/A	No. of Mutual Funds (No Load)
N/A	No. of 3rd Party Research Report Providers
N/A	Max. No. of Legs (Complex Options)

Account Features

	Virtual Trading
	No Minimum Deposit
	No Maintenance Fees
	No-Fee IRAs
	Online Trader Community
	Investment Education
	Live Seminars

Mobile Trading

	iPhone App
	iPad App
	BlackBerry App
	Android App
	Mobile Site

Customer Service

	Phone Support
	Email Support
	Live Chat Support
	Retail Locations
	24/7 Customer Support

Trade Types

	Stock Trading
	Options Trading
	Mutual Funds
	FOREX Trading
	Futures Trading

Recommended For

	Discounted Trading
	Long Term Trading
	Options Trading
	Active Trading
	International Trading

Banking Features

	Checking Accounts
	Savings Accounts
	Credit Card Accounts
	Debit Card Accounts
	Mortgage Loans

Trading Platform Features

	Web Browser Platform
	Windows Desktop Platform
	Mac Desktop Platform
	Platform Backtesting

Active Trading Features

	Direct routing offered to clients
	Broker receives payments for order flow
	Broker internalizes trades
	Clients receive rebates for adding liquidity

Questrade - New Account Offer