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QuestradeFX Review and Information 2024

QuestradeFX Information and Review QuestradeFX
Voting Rating QuestradeFX does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Regulation IIROC
Trading software QuesttraderWeb, PRO, ELITE, FX, FX PRO
Headquartered 5700 Yonge St., Suite 1900 Toronto, ON M2M4K2

In the dynamic world of financial trading, selecting the optimal broker is pivotal in charting the course to success. QuestradeFX is emerging as a notable contender in this competitive landscape. To equip you with a comprehensive understanding, we'll embark on a detailed exploration of this broker's offerings. QuestradeFX, with its holistic suite of offerings, has solidified its stature in the trading domain. Their transparent pricing, eclectic account types, robust software, and unmatched customer support make them a favored broker for many. However, like all financial ventures, it's imperative to embark on personal due diligence and introspect on one's trading nuances before finalizing a broker choice.

  • Diverse Trading Landscape. QuestradeFX shines in its capability to offer varied trading conditions, which cater to both neophytes and trading maestros. They ensure a fortified trading ambiance accompanied by reasonable spreads on major forex pairs, effectively mitigating excessive cost burdens on traders.
  • Transparent Pricing Model. In a realm where hidden fees are the norm, QuestradeFX takes the high road. Their commitment to transparency is evident in their competitive spreads, which can start from an impressive 1 pip. Their commission structure is calibrated based on trading volume, often undercutting industry benchmarks, thus presenting an economical choice for a broad spectrum of traders.
  • Versatile Account Offerings. Understanding the multifaceted needs of traders, QuestradeFX rolls out a diverse range of account types. Be it a novice seeking micro accounts or a seasoned trader aspiring for premium VIP features, QuestradeFX's palette has it all. Each account iteration is meticulously crafted, encompassing aspects like leverage, deposit thresholds, and bespoke facilities to align with diverse trading blueprints and financial portfolios.
  • Customer Support Par Excellence. At the heart of QuestradeFX's offerings is their exemplary customer service. Available round the clock five days a week, their seasoned team ensures swift resolution of queries. A multi-channel support system comprising live chat, email, and phone makes them accessible to a global clientele.
  • Genuine Value Promotions. Eschewing flashy, ephemeral bonuses, QuestradeFX's promotions exude tangible value. Their schemes, ranging from deposit bonuses to cash-back incentives and trading contests, are formulated with an authentic trader-centric approach, benefiting both newcomers and loyal patrons.
  • Empowering Market Insights. To navigate the trading waters adeptly, staying abreast of market currents is paramount. QuestradeFX offers a rich repository of market insights, encompassing daily bulletins to exhaustive weekly retrospectives. Their technical prognostications and forecasts serve as invaluable tools for traders to strategize effectively.
  • Intuitive Trading Platforms. The caliber of trading software can significantly influence trading outcomes. QuestradeFX proffers platforms like QuesttraderWeb, PRO, ELITE, FX, and FX PRO, celebrated for their intuitive design, reliability, and sophisticated charting arsenal. Their multi-device compatibility ensures seamless trading on PCs, mobile devices, and more.
  • Upholding Trust and Integrity. Ensuring peace of mind, QuestradeFX is stringently regulated by IIROC and associated authoritative bodies. Their adherence to rigorous financial standards safeguards trader investments and fosters ethical trading. This commitment to trustworthiness, punctuated by their transparent operations, prompt trade executions, and precise market data dissemination, accentuates their prominence in the trading fraternity.
  • Pioneering Execution Speeds. In the frenetic trading universe, time is of the essence. QuestradeFX's infrastructure guarantees blazing-fast trade executions, ensuring no opportunity slips through.

Redefining Traditional Financial Paradigms

In an era dominated by conventional financial institutions, we embarked on a journey with a singular mission: to offer Canadians an avant-garde, streamlined, and cost-effective pathway to financial success and stability.

  • Tenure: Marking 24 illustrious years in Canada's financial tapestry.
  • Trust & Scale: Commanding over $30 billion in assets under our administration.
  • Recognition: Celebrated 12 times as a Platinum member of Canada's Best Managed Companies.

We are more than just a financial entity; we are a movement towards financial self-efficacy. Our primary objective is to arm you with tools, knowledge, and confidence to navigate the financial seas, ensuring your journey is both prosperous and secure.

Safeguarding Your Legacy

Your peace of mind is paramount. We pledge an unwavering commitment to safeguarding your investments, account details, and personal privacy. Driven by our entrepreneurial spirit, we relentlessly innovate to minimize overheads. Our streamlined fee structure ensures you retain a substantial chunk of your hard-earned money.

At Questrade, our allegiance is towards the financial prosperity of Canadians. We have meticulously crafted an array of straightforward, economical instruments, empowering you to seize control of your financial destiny.

Empowerment, integrity, and innovation are cornerstones of our identity.

Tailored Investment Avenues

Choose your investment style; hands-on or let experts guide you. Our competitive fees and transparent pricing promise maximum returns.

  • DIY Investment. Forge your investment pathway with our self-directed accounts. Enhance returns and save on fees. Invest in stocks starting at 1¢/share, with a minimum of $4.95 and capped at $9.95. Brought to you by Questrade Inc.
  • Simplified, Expert-Designed Portfolios. Embrace the effortless investment route with our Questwealth Portfolios. Expertly curated, low-fee portfolios tailored to expedite your financial milestones. Management fees commence at 0.25% and reduce to 0.20% post the $100,000 threshold. An offering from Questrade Wealth Management Inc.

The Questrade Advantage

Invest at your pace, ideal for neophytes. Assured protection and amplified returns. Harness exclusive Questrade initiatives and offers tailored to accentuate your investment prowess. We're a melting pot of disruptors, visionaries, and pioneers. If reshaping the financial services sector resonates with you, we're all ears. Experience our award-winning support, in person. There's unparalleled magic in face-to-face interactions.

Stay abreast of the latest offerings, updates, and happenings with Questrade.

Unraveling Queries

  • Our Genesis: Questrade was conceived in 1999, and our passion for aiding Canadians in achieving their financial aspirations remains unyielding.
  • Digital Yet Accessible: Primarily an online entity, we're always available for an insightful face-to-face discussion.
  • Embarking on Your Questrade Journey: Initiate your investment journey effortlessly. Click to open an account, set it up online, and commence your investment sojourn.

Time to Embrace the Future of Investing
Across the vast Canadian landscape, a financial revolution is underway. Thousands have already chosen a smarter, low-cost investment journey with Questrade. Be part of this collective leap forward.

Reasons to Embark on the Questrade Voyage

  • Investing at Your Fingertips. Experience the future of trading with our intuitive app, QuestMobile. Track, manage, and invest in stocks and ETFs seamlessly. Craft custom watchlists to monitor your favorites and stay in the loop with timely mobile alerts.
  • A Gateway for Budding Investors. If you're new to the world of investing or prefer a hands-off approach, Questrade has you covered. Opt for our expertly curated Questwealth Portfolios, designed to deliver optimal returns without the hassle. Let seasoned professionals shape your financial journey.

Elevate Your Savings with Low-Fee Investing

Bypass hefty mutual fund fees by entrusting your investments to Questwealth Portfolios. The numbers don't lie: saving on fees can potentially amplify your retirement wealth by up to 30%¹. Our competitive management fees, starting at just 0.25%, ensure that your savings are put to the best possible use.

The power of instant liquidity: deposit up to $10,000 daily² through Interac or your Visa Debit card. For amounts beyond the daily cap, liaise with your bank. Watch your funds reflect in your Questwealth account in real-time and be ready for investment within 1-2 business days.

Empower your financial aspirations with a slew of programs and promotions designed to augment your investment potential.

About Our Offerings

  • Elevate Your Investment Game. Supercharge your financial journey with an array of rewarding programs and benefits.
  • Sharing is Rewarding. There's a special joy in sharing. Introduce Questrade to your circle, and for every referral who starts their investment journey, earn a neat $50. Share the love with up to 30 friends annually.
  • Family & Finance. Why not make financial growth a family affair? Link your account with a close friend or relative, and enjoy the collective benefit of reduced fees. Together, amplify your savings.

Empower Your Investments with Self-Directed Trading

Embarking on the investment journey? Or perhaps you're an established trader? No matter where you stand, Questrade's Self-Directed Investing is your ticket to taking the reins of your portfolio with confidence and finesse. From long-haul aspirations to short-term targets, and even those multifaceted goals that sit somewhere in between, Questrade equips you with an array of accounts tailored to align with your specific objectives. Embark on your investment journey, fueled by the conviction that you're making the right choices.

Diverse Investment Opportunities at Your Fingertips

Craft your investment story by choosing from a myriad of products. Whether you're eyeing the North American markets to dive into stocks, options, ETFs, mutual funds, precious metals, bonds, or GICs, we've got the platform that lets you do it all. Plus, with some of the most competitive commissions in Canada, you can be sure your money is working its hardest for you. 

A Groundbreaking Initiative: The Tax-Free First Home Savings Account (FHSA). Introducing the FHSA - an innovative account aimed at aiding Canadians in accumulating savings, tax-free, for the down payment of their maiden home, capped at a lifetime contribution of $40,000.

Salient Features of the FHSA:

  • Start Small, Dream Big. Kickstart your home-owning aspirations with a mere $250 and steer your FHSA towards your homeowner goals.
  • Diverse Investment Choices. Elevate your FHSA's potential beyond the stipulated $40,000 by channeling it into versatile assets such as stocks, ETFs, and options.
  • Tax-Smart Savings. Every contribution you make towards your FHSA is tax-deductible. And when it's time to make that milestone down payment for your first home, rest assured, your withdrawals are tax-free.
  • Flexibility with Dual Currency. With our self-directed accounts, embrace the freedom to hold both Canadian and U.S. dollars. This means you can engage in trading on both Canadian and U.S. exchanges, sans redundant currency conversion charges.

State-of-the-Art, User-Friendly Trading Platforms

Harness the power of our technologically advanced, yet remarkably user-friendly trading platforms, each designed to cater to a unique trading need.

  • Questrade Trading: Your all-in-one trading hub. Trade, oversee your account, evaluate your performance, and delve deep into stock research, all within this integrated platform.
  • QuestMobile: Stay in sync with the market pulse, even on the move. Our intuitive mobile app ensures you're always a tap away from your next big investment opportunity. 
  • Questrade Edge Mobile: Tailored for the proactive trader in you. Experience the might of our elite platform, now available at your fingertips.
  • Questrade Edge: Crafted with the insights of seasoned traders. Elevate your trading game with this potent software, replete with advanced features.
  • Questrade Global: Set your sights on international horizons. Engage with global markets, trade in currencies, commodities, and beyond, accessible across devices. Dive into the world of limitless possibilities.

Take Control with Self-Directed Investing Accounts

Navigating your financial journey demands tailored solutions that align with your unique goals. Whether you're saving for a vacation, investing for retirement, funding an education, or anything in between, Questrade offers a diverse portfolio of accounts to guide you towards your objectives with assurance and clarity.

Trending Accounts

Craft your financial narrative, whether it's for immediate aspirations or distant dreams, by leveraging our top-rated accounts:

TFSA (Tax-Free Savings Account):

  • Ideal for both short-term and long-term objectives.
  • Revel in the benefits of tax-free growth.
  • Swift and hassle-free access to your accumulated savings.
  • Zero annual maintenance fees.
  • Every dollar you earn within your TFSA remains yours, exempt from taxes on interest, dividends, or capital gains.

RRSP (Registered Retirement Savings Plan):

  • Designed specifically for your retirement planning.
  • Benefit from tax deductions on your annual contributions.
  • Automate your savings journey with scheduled contributions.
  • Zero annual charges.
  • Strategically lower your income taxes with RRSP contributions, allowing your investments to prosper tax-deferred until they're withdrawn. 

Margin (Individual Margin Accounts):

  • A flexible account for the modern investor.
  • Augment your purchasing power.
  • Seize market opportunities swiftly.
  • Access a suite of advanced order functionalities.
  • Chart your investment course seamlessly, leveraging your assets to unlock greater prospects.

FHSA (Tax-Free First Home Savings Account) - New Arrival!:

  • Start your home-saving journey with a modest $250.
  • Watch your savings burgeon, tax-free.
  • Relish tax deductions on your annual contributions.
  • Withdraw without any tax implications when buying your first home.
  • Opt to maintain liquid cash or delve into stocks, options, ETFs, and more, all while aiming for your home's down payment.

RESP (Registered Education Savings Plan):

  • Secure government grants to supplement your contributions.
  • Avail additional incentives tailored for lower-income contributors.
  • Enjoy flexibility in choosing beneficiaries.
  • Beneficiaries can withdraw at their tax bracket, optimizing tax implications.
  • Lay the foundation for a promising academic future for your child or chosen beneficiary with a Questrade RESP account. 

Setting Up is a Breeze

Steer your financial voyage in three seamless steps:

  • Initialize Your Account: Embark on your journey by opening your account online.
  • Paperless Formalities: Digitally sign and dispatch your necessary documents.
  • Funding Made Easy: Instantaneously fund your account and ignite your trading ambitions.

Delve Into Our Diverse Investment Products

Once you've meticulously selected the ideal accounts tailored to your investment aspirations, it's time to immerse yourself in a plethora of assets that will pave your way towards those ambitions. The investment world is brimming with opportunities. Regardless of your investment objective, risk appetite, or experience level, our expansive product range, combined with some of the industry's most competitive fees, will cater to your every need.

Stocks – The Backbone of Investment

  • Acquire a stake in your chosen companies.
  • Invest in anticipation of stock appreciation.
  • Capitalize on potential dividend revenues.
  • Commission as modest as 1¢ per share.
  • Experience the ease of trading stocks with unparalleled low fees in the Canadian landscape. 

ETFs (Exchange-Traded Funds) – The Modern Diversifier

  • Tailor your investments by tracking specific sectors or market indices.
  • Opt for ETFs to craft a balanced and diverse portfolio.
  • Relish the perks of minimal management charges.
  • Commission-free purchases.
  • Simplify your investment strategy by venturing into ETFs sans any purchasing fees, maximizing your potential returns.

Options – The Power Tool for Speculators

  • Leverage options for potential additional income on your stock assets.
  • Shield your investments from volatile market fluctuations.
  • Harness the potency of financial leverage to speculate.
  • Fees structured at $9.95 + $1 per contract.
  • Revel in the liberty to secure an investment today, with the choice to transact at a predetermined price in the future.

FX (Foreign Exchange) – The Global Playground

  • Capitalize on the ebbs and flows of the global currency and commodity markets.
  • Engage in rapid trades within an ultra-liquid environment.
  • Competitive spreads starting from as low as 0.8 pips.
  • Dive into a vast market, outstripping the dimensions of conventional stock exchanges, coupled with soaring liquidity and trimmed transaction charges.

Broadening Your Investment Horizon

  • IPOs: Secure shares freshly launched to the general populace. [More on IPOs]
  • CFDs: Engage in differential contracts spanning international stocks, market indices, commodities, and beyond.
  • Mutual Funds: Navigate through an extensive collection of funds, enhancing the depth and spread of your portfolio.
  • Bonds: Inject stability into your investment journey by counteracting market volatility with bonds.
  • GICs: Lock into guaranteed investments, complete with predefined terms and competitive interest rates.
  • International Equities: Amplify your potential gains by venturing into equities beyond US borders.
  • Precious Metals: Anchor your investment strategy by directly plunging into tangible assets like gold and silver, enriching your portfolio diversification.

Your Trading Ecosystem at Questrade

Our dynamic trading platforms have been meticulously crafted to cater to every kind of trader, whether you're dipping your toes into the investment world or you're a seasoned professional actively navigating the market. Our comprehensive trading platforms consolidate everything essential for trading, investing, and monitoring your accounts seamlessly. If you have a penchant for sophisticated trading techniques, our specialized platforms cater to advanced strategies and analytics.

Our holistic platforms, designed with user-friendliness at the core, amalgamate all the essentials for a holistic trading experience.

Questrade Trading – The Future of Web-Based Trading. Trading simplified

  • A comprehensive, secure, and user-friendly web interface to manage trades, analyze performance, and delve into stock research.
  • Engage with an integrated Learning Mode to enhance your investing knowledge on the fly.
  • Visualize consolidated account balances and observe portfolio trends through an interactive dashboard.
  • Swiftly research, initiate trades, and keep tabs on your investments seamlessly.

QuestMobile – Your Pocket-Sized Trading Companion. Effortless mobile investing

  • Trade, analyze, transfer funds, and oversee portfolio metrics, all unified under a sleek, intuitive mobile interface.
  • An embedded Learning Mode guides you through your investment journey, enhancing your proficiency.
  • With a clutter-free design, you can expediently research, and promptly place market or limit orders.
  • Stay updated with real-time snap quotations for stocks and ETFs across North American bourses.

Specialized Platforms for the Pros

Empowering seasoned traders with robust and versatile platforms that amplify the trading experience.

Questrade Edge – Mobile. Take control anywhere, anytime

  • Tailored for the discerning trader, Questrade Edge Mobile encapsulates the prowess of advanced trading platforms in a mobile-first design.
  • Experience swift login, order placement, and execution with our accelerated app.
  • Engage with advanced orders effortlessly through a sleek design.
  • Access advanced order variants like stop, trailing stop, multi-leg options, and bracket orders on the go.

Questrade Edge®. Raise your trading game

  • Elevate your trading experience with this formidable platform, available across web and desktop interfaces.
  • Engage with intricate order types, including bracket, conditional, and multi-leg options.
  • Customize your trading backdrop complemented with options trading functionalities.
  • Leverage research insights from industry juggernauts like TipRanks and Morningstar.

Questrade Global. Explore global currencies & commodities

  • A seamless platform to swiftly trade currencies and commodities across international arenas.
  • Engage in global FOREX and CFD trades at your convenience.
  • Curate personalized watchlists to monitor your favorite assets.
  • Delve into advanced transactions, including multi-leg options.

Illuminate your investment path with dedicated research modules that align with your investment visions. Prepared to steer your financial journey? Setting up is a breeze. Let's launch your voyage in mere minutes.

Your financial growth is our prime objective. Explore exclusive benefits that amplify your returns.

  • purchase etfs at zero cost
  • bi-currency account facilities
  • zero maintenance charges

Elevate Your Investment Game with Precision Tools

Investing is both an art and a science. The right set of tools can enhance your investment journey, making it not just efficient, but also insightful. Dive into our curated toolset designed to refine your investment strategies, keep a pulse on market dynamics, and manage your investment portfolio with finesse.

  • Knowledge Repository: Delve into News, Insights, and Research.
  • Strategic Arsenal: Dive into Investing & Trading Tools.
  • Portfolio Custodian: Engage in Investment Monitoring.
  • Empowerment for Every Trader: Whether you're taking your first steps into the world of investing or navigating the complex currents as a seasoned trader, our tools are designed to fortify your decisions, instilling confidence at every juncture.

Knowledge Repository: News, Insights & Research

Ignite your investment strategies. Gain access to handpicked investment ideas and insights tailored to ensure you make informed decisions.

  • Analyst Spotlight: Discover the stocks that are making waves in the analyst community.
  • Market Pulse: Stay abreast of the most recent developments and narratives surrounding the investments that resonate with you.
  • Cross-border Insights: Garner valuable intel on U.S. and Canadian stocks, enabling you to diversify your portfolio effectively.
  • The Morning Brief: Start your day empowered. Receive daily updates on the U.S. and Canadian stock market dynamics, curated and delivered to your inbox.

Strategic Arsenal: Tools for Market Mastery

Navigate market terrains with ease. Identify growth areas, discern investment trends, grasp foundational and novel trading principles, and develop a keen sense for market movements.

  • Intraday Trader: Seamlessly discover intraday investment opportunities and align them with your curated watchlist.
  • IPO Centre: Stay ahead of the curve. Receive updates on the freshest initial public offerings straight to your inbox. 

Investing & Trading Toolkit

Position yourself on the path to consistent success. Engage with tools that not only help you discover investment avenues but also ensure you stay on your defined path.

  • Market Data: Experience unrestricted access to real-time market data across select exchanges, complemented with tailored data packages, rebates, and premium additions.
  • Order Techniques: For stocks, venture into both classic and intricate order types. For the option traders, indulge in standard or multi-layered option strategies.
  • Workspace Craft: Personalize your trading dashboard, interlink windows, and integrate hotkeys to ensure you're perpetually opportunity-ready.

Portfolio Custodian: Manage and Monitor with Precision

Oversee your investments like a maestro. Stay updated with real-time prices, cultivate and manage diverse watchlists, and receive timely alerts to act at the opportune moment.

  • Investment Analytics: Dive into regularly updated, categorized insights spanning statistics, portfolio dynamics, and operational metrics.
  • Watchlist Wizardry: Craft personalized watchlists. Segment them based on parameters like industry focus, geographic reach, market cap, and more.
  • Alert Central: Stay proactive. Configure alerts to receive instantaneous notifications on pivotal shifts in your watched investments.

Explore a range of apps, instant trade partners, and exclusive offers meticulously crafted by our esteemed partners to amplify your investment confidence.

Commence Your Investment Journey

Eager to steer the helm of your financial destiny? Embark effortlessly. Setting up is swift and seamless. Enhance with Questwealth Portfolios: Entrust your investments to a curated portfolio, tailored for your goals and managed by our seasoned experts.

Questions on Your Mind?

  • Accessing Tools: Locate our tools suite under the market research tab upon logging into Questrade. IQ Edge, our flagship advanced trading platform, also houses an array of tools.
  • Platform Availability: While our platforms differ in their tool offerings, rest assured, each platform is equipped with a robust toolset.
  • Cost Dynamics: Our commitment to you - all tools are complimentary and are an integral part of our free trading platforms.

Maximizing the Value of Your Investments: Elevating Your Financial Journey

Your Financial Well-being: Prioritized Investments shouldn't be ordinary. They deserve more, like minimized expenses and enhanced growth avenues. With Questrade, get more out of every dollar.

Empowering Your Self-directed Investment Journey

  • Maximizing Your Monetary Power: Questrade investment products and accounts aren't just tools; they're guardians of your capital. With a slew of added advantages, they pave a clear path to your financial milestones.
  • Innovative Investment Solutions: The weight of excessive fees can stifle your returns. Ascend to greater financial heights with our portfolio of investment products that prioritize your savings.
  • Seamless Fund Transfers & Confident Trading: With Instant Deposit and the advanced TipRanks trading tools, enhance your trading acumen.
  • Instant Deposit: Begin your trading adventure the moment your account activates. Conveniently deposit up to $10,000 daily through Interac or your Visa Debit card. For higher amounts, please liaise with your bank. Experience instantaneous reflection of funds, propelling you into trading instantly.

Empowered Research with TipRanks:

  • Gauge the pulse of trending stocks in your sectors of interest.
  • Gain insights into analyst perceptions of diverse stocks and evaluate their strategy's precision.
  • Access comprehensive stock data to determine its alignment with your investment goals.

Redefining Value for Investors Experience an array of benefits such as remarkable savings, added value services, and the pioneering Dividend Reinvestment Plan (DRIP) that automates your dividend income reinvestment without any trading commission overhead.

Delve deeper into our diversified investment offerings and discern how cutting down on fees can elevate your financial returns.

Account Features That Transcend Expectations

Experience enhanced buying prowess, expanded trading arenas, and an autonomy that only Questrade can offer.

  • Margin Power®: Amplify your purchase capability by synergizing your margin account with the resources in your TFSA — an exclusive offering from Questrade.
  • Dual Currency Advantage: Operate with both Canadian and U.S dollars, facilitating seamless trading on respective exchanges. Eliminate redundant currency conversion expenses during transactions or dividend receipts.
  • RoundUP & Cashback Bonuses: Incorporate savings into your routine expenditures and earn bonus cash through select shopping avenues. Elevate your saving game effortlessly.

Embark on Your Investment Journey Confidently

Initiate your journey towards a prosperous financial future. With Questrade, setting up is a breeze.

  • Customized Retirement Planning: Want to steer your retirement planning personally? Questrade offers insights and resources to help you optimize your accounts for a comfortable future. 
  • Your Queries, Addressed From understanding ETF purchase limits to demystifying margin benefits, get all your pressing questions addressed.
  • Questwealth Portfolios: A Fusion of Expertise and Efficiency** Unlock a smarter investment avenue with portfolios tailored by experts to expedite your financial growth. With Questwealth Portfolios, combine the prowess of cutting-edge technology with the wisdom of industry veterans.
  • Effortless Wealth Accumulation: Leverage our interactive calculator to visualize the magic of lower fees on your long-term investment growth.
  • Revolutionizing the Investment Landscape with Questwealth Portfolios From real-time portfolio rebalancing to tax-efficient strategies and consistent returns, discover how Questwealth Portfolios transforms the investment paradigm.
  • The Investment Journey, Simplified: With Questwealth, starting, managing, and reviewing your investments is straightforward, making it easier to achieve your financial aspirations.
  • A Glimpse Into the Questrade Legacy: As a stalwart in the Canadian market for over 24 years, managing assets worth $30 billion, and garnering accolades, Questrade has continually set industry benchmarks.
  • Preparing for Retirement with Expertly Curated Portfolios: Seek expert guidance for retirement planning and understand the nuances of investment types with our comprehensive articles and guides.
  • Investment is More Than Just Numbers; It's About Future-Proofing Your Aspirations. With Questrade, get the perfect blend of technology, expertise, and value, and drive confidently towards your financial goals.

QuestradeFX Trading Information 2024


WWW https://www.questrade.com/
Address 5700 Yonge St., Suite 1900 Toronto, ON M2M4K2
Headquarters 5700 Yonge St., Suite 1900 Toronto, ON M2M4K2
Free phone 416.227.7646
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
24/5 trading
Scalping
Hedging
Commissions
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 1-3
Maximum Leverage 500
Standard account, $ 100
Mini account, $ 100
Popular payment methods Debit/Credit Cards
Available assets Forex, Gold, Stock, Options
Languages English
Platforms QuesttraderWeb
Broker type Broker
Regulation IIROC
Foundation 2004

QuestradeFX Traders' Reviews

  14 Nov 2023
Entering the world of investments with an aim to bolster my retirement savings, I found solace in the embrace of Questrade's Questwealth portfolio. This platform doesn't merely represent an investment instrument; it epitomizes a fusion of human expertise and cutting-edge technology, geared towards achieving one goal: enriching its clients' financial futures. What genuinely stood out to me is the commitment of the broker-managers overseeing the Questwealth portfolio. These professionals are deeply vested in striking that delicate balance between risk mitigation and profit amplification. By harmoniously intertwining automated technology with a cadre of seasoned experts, the portfolio continually adapts, staying resilient and reactive to the ever-evolving market landscape. Delving into the numbers, Questwealth's commission structure became a beacon of its client-centric ethos. With a mere 0.37% commission, it's starkly more economical compared to the staggering 2% or more that many mutual funds charge. Projecting this over my investment horizon, the compounded benefits translate to potential savings reaching tens of thousands of dollars. For those of us who appreciate precision, Questrade.com even offers a nifty calculator, ensuring our calculations remain pinpoint accurate. Being a proud Canadian resident, another sweet note in this symphony of benefits is the ability to save on capital gains tax for cash accounts. Such nuances may seem trivial to some, but for long-term investors, they can make a world of difference. Questwealth's versatility shines further by empowering me with choices. I'm not pigeonholed into a one-size-fits-all strategy. Instead, I'm presented with a spectrum of risk profiles, ranging from the thrill of aggressive stances to the tranquility of conservative approaches. This granularity ensures that my investments are always aligned with my evolving risk appetite. In conclusion, my journey with Questwealth has been more than just a financial endeavor. It's been a voyage of discovery, learning, and growing confidence. As I peer into the horizon of my golden years, I feel a profound sense of security, knowing that with Questwealth by my side, prosperity isn't just a hope, but a tangible reality.
  16 Oct 2023
In the digital age, as I ventured into the realm of online work, my curiosity was naturally piqued by the financial markets. It was amidst this burgeoning interest that a trusted relative introduced me to Questrade. This introduction would pave the way for an engaging, educational, and overwhelmingly positive foray into the world of finance. From the onset, Questrade impressed me with its user-centric approach. The brokerage's proactive encouragement for client referrals resonates with its commitment to building a community of satisfied investors. Their belief isn't just in fostering individual financial growth but in cultivating an ecosystem where everyone thrives together. However, like all ventures, it's not without its limitations. Questrade, at the time of my experience, did not offer avenues to invest in the burgeoning world of cryptocurrencies. Similarly, futures trading remains elusive. While these might be deterrents for some, especially those keen on diversifying into these assets, it's essential to see them in the broader context of the brokerage's offerings. The true jewel in Questrade's crown is its expansive ETF (Exchange Traded Fund) platform. With a staggering array of over 1800 funds to choose from, the options are nearly boundless. What's even more commendable is their zero-commission stance on these ETFs. This not only makes investing more accessible but also cost-effective, ensuring that even the average investor can see their money grow without being bogged down by hefty fees. Such a structure subtly, yet powerfully, communicates Questrade's overarching ethos. It becomes evident that their primary focus isn't necessarily on catering to the high-octane world of professional trading. Instead, they seem to cater to the everyday individual – those who seek a hedge against inflation, those who view investing as a means to achieve various life goals, or simply those who wish to dabble in the financial markets out of sheer interest. In conclusion, my journey with Questrade has been a tapestry of learning, growth, and empowerment. It has fortified my belief that investing isn't the sole prerogative of the financial elite but a tool that, when wielded correctly, can bring prosperity to anyone willing to embark on the adventure.
  2 Oct 2023
Questrade, a shining beacon in the Canadian brokerage landscape, has carved a niche for itself in an ever-competitive market. Being at the forefront of innovation, it holds the distinction of being the pioneering broker to throw open the gates to free purchases across all North American ETFs. This move not only bolstered its reputation but also echoed its commitment to democratizing investment. While its focus seems to be tailored predominantly towards novice investors or those who aren't deeply entrenched in the world of professional trading, it's crucial to weigh this against some areas where the brokerage could tighten its sails. Navigating the waters of customer support proved to be a bit tumultuous for me. My maiden attempt to reach out to their team was met with some unexpected challenges. The task of locating their contact number and initiating a chat was akin to finding a needle in a haystack. Once connected, the ensuing consultation left me yearning for more depth and clarity. It was a bit disheartening to resort to downloading their platform as a means to glean the finer nuances of their offerings. However, casting this singular experience against the larger backdrop of Questrade's services, the scales tip favorably. Their commitment to client security and reliability shines brilliantly, setting them a cut above many others in the industry. A testament to this is the staggering $10 million insurance they offer as a safeguard against the unthinkable - broker insolvency. Such a hefty insurance package is a rarity, and I've seldom come across such an extensive safety net in my tryst with various brokers. In wrapping up, Questrade, for me, represents a mixed bag of pioneering strides and areas begging for refinement. But when the dust settles, their unwavering commitment to client security and groundbreaking initiatives makes them a force to reckon with in the Canadian financial arena.
  2 Mar 2023
Yes, I also lost $500. It is important for them that you deposit money, and there, on your own, independently, learn as much as your mind is enough. Well, I didn’t take a loan, oh, how they convinced me that I could double the deposited amount in half a month. I still remember not a kind word about their desk and self-confident employees. Thank you, once again confirmed that there is nothing to listen to just anyone. Good luck to everyone who reads my review and has not yet deposited money in QuestradeFX.
  24 Aug 2022
It's a scam, nothing else. They enter into trust, they have a cunning account manager. After you deposit funds into your account, they first show a positive result. And then, after you want to withdraw funds, or refuse to replenish the deposit, they block your server and after opening a trading order after a while you have zero. They do it competently, in the end you yourself will be the culprit, because when the server is blocked, a new password is issued, but when you trade yourself and you succeed, they do this by specifically blocking the server in order to somehow gain access to your trading account and manage trade to drain your funds. My advice is not to invest in this company, and check through the IAFT system, where they are at some insignificant level and choose a company that is more suitable for you.
  2 Jul 2017
The more I trade with Quaest, the more I feel that it's completely terrible retail broker. My current balance is around $1500 and $1250 I made thanks to my experience in scalping trading on big news events. But the more I trade, the more I notice the spread widening while waiting for important news. It has direct impact on my trading performance. Someone will say that this is the norm in a volatile market, but by accurate monitoring of volatility, I see that the average spread size on main currencies has dramatically increased over the last 6 months. At the same time, the volatility level remains in the range of previous values. This indicates a deliberate increase of spread size. In this case, the broker can refer, as always, to liquidity providers and unexpected volatility but repeat my experiment and you'll see the same.
  19 Jun 2017
My problem is to get bonuses back, or at least withdraw my profit. The broker has its policy not to allow traders take all money from account even if it's your profit. I think it was my biggest mistake to open account here. There are actually something like a scheme or so. First, they offer appealing conditions you can see on their website. Then demo + many options to get extra funds/initial deposit bonus if you open new account. And finally, they offer more if you start making big deposits on account. However, read more carefully all terms and conditions, and think twice if you want to open trading account here!
  26 Aug 2016
I can't share the same emotions as I can see from previous comment. In my case it was little frustrating. Since begging, there were some difficulties to setup new account. Even if Questrade won award as a best Canadian fx broker, I wouldn't believe that. Broker says there is no fees but you will pay yearly fees which are bigger than all you might pay in another firm. So I ended up with some losses and understanding that you need to read more carefully all print documents. And what's more important not to believe any commercial.
  26 Jul 2016
I'm thrilled with idea to have so much potential on currency trading. The company is amazing to work with. Sales people are very friendly and very easy to talk with them. I've made some mistakes in the beginning, which brought me to the point of losses. But, it was completely my fault. Not from broker's side. I called right to the office to figure out what happened. They switched me to back office, where all my wrong trades were explained from technical point of view. Now, I have positive balance on my account. I think it will be my broker for long.
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