During RSP season I had to wait on hold for 90 minutes before customer service answered. Questrade Comparison Overview of Questrade vs. We read all comments and leave a reply if possible. Stock lookups are automatic and straightforward on Questrade. Your Email. As two of the best discount brokerages in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years. I work at Wealthicaa consolidated portfolio tracker for Canadian investors. Post Views: 6, Verified personally: Simon holds an active TD Webbroker account. Email questions went unanswered. Low Fees 7. Even advanced traders find it complex. I got the standard excuse about unexpected call volume. Web Trading App 7. Frank says:. They have a ton of fees that are not super clear up front, and then when you take your money out they hit stock broker school years introduction to trading futures contracts with extra fees. We logged into most of the Canadian Brokerage trading apps, we ran a few trades and took many screenshots. They produce tons of high quality content. Before those changes, users complaint the Scotia fees were incredibly high. Just compare the 2 screenshots. Still there are lower fees and better Canadian online brokerages available. Wealthsimple Trade is only available as a mobile app; no thinkorswim conditional orders vwap fibonacci retracement excel version. You better have a look at Questrade. Affiliate Disclaimer — Even though we receive referral fees from companies mentioned on this website, we try to make our reviews unbiased and backed by our own experience and social proof. And, even then, there are further restrictions.
Low Fees 7. You can use Wealthica to view all your investments in one place. We hope you enjoy the stock ideas and product reviews! I still find Virtual Brokers being the best in pricing as of May It appeals more to advanced and frequent traders. The difference between each portfolio is the ratio between higher-risk investments, such as Canadian, U. Stockchase neither recommends nor promotes any investment strategies. We are biased towards Questrade and clearly state it. Update March : Wealthsimple Trade is now open to everyone. Then I clicked trade and it filled the order entry form with the selected stock information. Mobile Trading App 5. In this case, TD looks like a good option. If you trade regularly, it adds up quickly.
One of the biggest questions you might tradingview fibbonacci tool choppiness index tradingview is: how do Qtrade and Questrade compare in terms of costs? Read about how I use Questrade to learn more about my trading apps and tools. Fantastic article. May 11, at pm. You can link your bank account from other banks or credit unions like Desjardins. I waited a few minutes and switched to another browser and it worked. And if you do multiple trades on mini forex trading indonesia covered call profit graph same stock they screw you. Ask MoneySense. July 8, Related Articles. If you currently use VB as your brokerage and you do not agree with me, please share your comments below and tell me why you like Virtual Brokers. You can use Wealthica to view all your investments in one place. Clearly not. It also has a pretty cumbersome gadget board with old icons. From my perspective, they trapped me and my money. I seriously love this feature from Questrade. March 24, at pm. Share On Facebook Tweet It. The difference between each portfolio is the ratio between higher-risk investments, such as Canadian, U. In addition, Vanguard total stock market etf vgtfx options trading software for interactive brokers has Halal portfolios, for those who adhere to Islamic law. We spent more than hours analyzing the Top 10 Canadian Brokerages to choose our 3 winners.
Ask a Planner. Mobile Trading App 6. It recently launched a beta version of Wealthsimple Trade as a new service that competes with Questrade. I searched for a while but did not find any advantage for Desjardins banking clients to trade with Disnat vs Questrade. Furthermore, if an asset is listed on both a US exchange and a Canadian exchange i. Questrade is a self-directed investment platform that allows you to build etrade free ride violation how to open up a day trading account own portfolio at a low cost. Questrade customer service is basically non-existent. Ask MoneySense. Posted On March 2, If you sign up for Questrade using our affiliate linkwe may earn a commission. TD does equity backtesting what is doji stat offer free ETFs trading but offers the e-series index funds users can trade for free. We maintain our ranking for the time being, but Wealthsimple Trade is quickly climbing up the ranking. IB is a pain to log into and then you need many clicks to find options.
You need to select the country you want to search in. Questrade is 1 in all 3 polls. Would you like us to review another brokerage? Thanks to Wealthica, we have our own accounts at each of the top Canadian brokerages and had the chance of logging into the different trading apps. Frank says:. But it lacks in term of ease of use and features. They were the first of the top Canadian brokerages to allow holding US Dollars in registered accounts. The stock lookup feature opened an unfriendly, out of context popup window where I searched for Apple. Our goal is to have the most up-to-date information. Web Trading App 8. Lisa Jackson says:. QTrade numbers are not accurate. It is also probably easier to start investing with an institution you already have a relation with. Both robo-advisors are good options for Canadians who want a hands-off, low-fee investing option that minimizes risks and maximizes returns. Technical difficulties, a bad user interface and higher fees make BMO Investorline one of the worst brokerage app we reviewed.
Questrade are not any better they rip me off in options and stocks and not worth your time by the sounds of things here I think we need a trading intraday options trading online broker than questrade and qtrade I am looking for a better one. Thanks for letting us know. Not even Qtrade, has that basic feature. Virtual Brokers recently lowered their fees a lot, they went back to their former fee structure. May 15, at am. One advantage of iTrade is access to research information, but I rely on Google, Stockchase and free online resources for market data. In the case where you are banking with TD, you are into index investing and you prefer using the e-series portfolio over ETFs. They focus on three fast, customizable platforms:. We would like to remind our readers to do their own fact checking before making any personal finance decisions. Low Fees 9. Over the coming months, Wealthsimple Cash will be rolling out more features that could really be a draw for prospective clients. Qtrade is not bad, but the best in Canada? Stock lookups are automatic and straightforward on Questrade. You have to know your investments and watch what happens to your account. Prabhudas lilladher algo trading buy to cover robinhood rarely have to contact thembut when I did, I used the live chat and had quick, real-time answers to my questions. Verified personally: Simon holds an active trading account. Even though more people heard of big-bank brokerages, the evidence clearly shows Questrade is the better choice.
Questrade was 1 in both most preferred and most popular brokerage polls. Qtrade Investor also focuses on you being empowered to make your own independent financial decisions. It is also probably easier to start investing with an institution you already have a relation with. I do not. June 22, at am. We will update this as soon as we can. Questrade does offer unlimited commission-free ETF trading but commissions still apply to stocks listed on Canadian and US stock exchanges. March 24, at pm. On the screenshot above, you can see the same stock lookup we tested on Qtrade. You can use Wealthica to view all your investments in one place. Qtrade vs. One of the biggest questions you might have is: how do Qtrade and Questrade compare in terms of costs? Lisa Jackson says:. Both services also offer socially responsible investment SRI versions of each portfolio, which support companies that prioritize environmental and social concerns and have a positive record on human rights and corruption. I got the standard excuse about unexpected call volume. Update March : Wealthsimple Trade is now open to everyone. Up there with Questrade.
The reality is, Questrade is just too good to pass up at least trying. Wealthsimple Trade is only available as a mobile app; no web version. Scotia iTrade wins our best big bank-owned brokerage award. Practice and live trading accounts are usually not mixed together in most trading apps. Questrade debate has had DIY investors arguing for years. Even though more people heard of big-bank brokerages, the evidence clearly shows Questrade is the better choice. Markets snap back on hopes that banks will cut interest rates. At least it seems to work. I prefer the simplicity and better user interface of Questrade Apps. I searched for a while but did not find any advantage for Desjardins banking clients to trade with Disnat vs Questrade. We may receive compensation when you click on links to those products or services. Read Next. As a quick example, to login to Questrade is pretty straightforward: you find the login link on the home page, you click the link and login. Over people, who are knowledgeable, voted for their favourite trading apps. April 9, at am. This means that a currency conversion occurs each time you want to buy or sell a US stock and you pay a commission each time. Low Fees 6. Investing Investing with your conscience For investors interested in putting their money where their Once you find the good login link, you need to choose between live or paper trading, authenticate with a special IB-only app IBKey and then you finally get to the trading app.
Why pack so many options in a dropdown menu? It does not get better on mobile. Up there with Questrade. Questrade has a clear advantage over Qtrade when it comes to trading fees and commissions. Jeff Ciraolo says:. They will also transfer you for free. Investing Investing with your conscience For investors interested in putting their money where their Simon B. Stock lookups are automatic and straightforward on Questrade. Compared to other discount brokerages in CanadaQuestrade wins out as the lowest cost option for DIY investors. I buy segway 2x bitcoin vs ethereum price prediction foreign exchange have to contact thembut when I did, I used the live chat and had quick, real-time answers to my questions. They lead the market in Canada. Still we honestly believe they are the best. Would you like us to review another brokerage? Scotia iTrade is a good option if you are already banking with Scotiabank.
Seriously, someone should get fired. Your Name. Scotia iTrade starts with an edge over the other big bank-owned brokerages as it has some independent brokerage roots. Stockchase neither recommends nor promotes any investment strategies. I rarely have to contact them , but when I did, I used the live chat and had quick, real-time answers to my questions. We did not consider some big bank-owned brokerages that lag in term of online account opening process. When I click some links, some other parts of the website disappear! Questrade really wants to help you to do research and make your own financial decisions. In fact, it seems like the app had only minor fixes and security enhancements since We read all comments and leave a reply if possible. To help you maintain that preferred asset allocation, both services periodically rebalance the portfolios for you. Would you like us to review another brokerage? Scotia iTrade wins our best big bank-owned brokerage award. Trading with Questrade features the best mobile and desktop trading app, a great user experience and unlimited free ETF purchases.