I was able to return, using EFT, part of my funds back to the same bank account that was originally used to send money to Questrade using bill payment.
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After addressing this with a client representative, when they refused the sign up bonus, they agreed to a poor compensation of two free trades. Most brokerages offer variable spreads within the range of 1.
This reputable Forex brokerage has been serving hundreds of thousands of Canadians since inception in Questrade is fully licensed and regulated by the Investment Industry Regulatory Organization of Canada. The company launched in , in Toronto, Ontario. By , the online trading platform was launched and thanks to broadband Internet was readily available to Canadian traders. By , the Globe and Mail ranked Questrade as the 1 brokerage in a consumer satisfaction survey.
By , Questrade did away with trailer fees unnecessary commissions for Canadians holding mutual funds. In , this trading brokerage integrated a variety of tools and resources into the trading platforms for rapid execution of trades.
In , Questrade was recognized as one of the Top 50 best managed companies in Canada. There are several account types at this FX brokerage, including the following: Margin Accounts — margin accounts are available for individuals, as joint accounts, or organizational accounts. They also refuse to put a supervisor or manager on the line. They do not care about their current or future clients. If you discard this application you will lose all information that has been entered.
If you made an online bill payment or you paid by cheque, the amount will be refunded to you. Questrade is making money with my money and making a fool out everyone. Please do a quick online search to find all the horrible experiences and the negative comments from their current and former customers. Some Questrade reviewers have also been duped.
Can anyone trust a company who lies, deceives, cheats and steals your hard earned money? Think about all that you risk loosing, if a bully decides to steal your money and refuses to give it back.
What would you do, if you were in a similar situation? Since Questrade will arbitrarily keep your money when you cancel your application, the following Questrade statement is completely false, a blatant lie and very misleading: Questrade will do as they please with your money. Honor what you have put in writing. No one likes a bully, liar or a thief. No one is above the law. What will the regulators do about Questrade?
Only time will tell. Please feel free to repost and share. They don't answer your e-mails. Signing up is a pain. The platform is confusing, it's buggy, and on top of that they've recently added inactivity fees in order to force you to trade.
Now, I don't like my trading service with my bank any better, because of the prices, but at least it's relatively reliable, and they answer my questions.
And by the way, folks, this is the only website that's given a proper review. The other websites on Google have given Questrade good reviews, just to make money. Chris , Toronto, ON. Friday, February 18, These guys are nothing short of CRIMINALS, they often do not answer phone calls at all, waiting time is one hour or longer, they do not answer on emails, live chat is mostly not working.
Questrade no longer exist as a forex broker. Friday, August 28, use questrade if you have enough money to burn. Or if you wanna lose your money quick enough. Because when their server down, you can't send any order or modify any order, and if you try to call their number you will be on hold forever.
John Tomson , Toronto. Sunday, May 17, I had stocks and forex account with Questrade. I was an active trader. Most of the time the trading was ok, but at some point there appeared some trades that I have never done. That really kills you. I am actively spreading the word of my ordeal through any medium I can until the problem is fixed I have gotten a letter to the editor posted in the Kingston Whig-Standard and am awaiting publication of my letters to the Toronto Star, Toronto Sun and the Globe and Mail.
A few months ago I left them for Questrade because of the cheaper commissions and their favorable consumer ratings. Up until the morning of March 5, I had a very good experience with Questrade, I even got my account set up in only 4 business days, which was very impressive!
Also, I have a TaxFreeSavings account, which means no margin account, no loans, no borrowing, no overdrafts. I can do transactions up to my current cash balance, any more money and it will reject the order because of insufficient funds. With that in mind…… The night of March 4, at 4:
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Questrade is a non-market marker trading forex and commodities. While other brokers will trade against your positions to generate a profit, we will never do that. So you can rest easy knowing when you trade with us, we’re truly on your side. Forex. Questrade offers competitive pricing on over 55 currency pairs with target spreads of as low as pips under normal market conditions. The total transaction cost of an FX trade consists of the trading spread that you pay, which may vary from the target spread.
Feb 13, · Questrade Forex (FX) and contracts for difference (CFD) accounts focus on currencies traded on the global markets. And the Portfolio IQ accounts is the Questrade professionally managed. These accounts can be funded with as little as $1 in cash, and as little as $ to be fully invested/5. Judge for yourself - Questrade exited my same day trade WITHOUT calling me saying it was going against me! Questrade created a HUGE 14K USD loss for me a couple of hours after the position was filled/5(86).
Questrade Inc. is highly regarded among Canadian traders. It is one of the ranking Best Managed Companies, and it is a member of IIROC & CIPF. Questrade is fully licensed and regulated by the Investment Industry Regulatory Organization of Canada. The company launched in , in Toronto, Ontario. Questrade offers a single commission-free forex trading account with margin rate of 3%, variable spreads and the option to use micro tradable lots for better risk management on both the robust MetaTrader 4 and the broker`s in-house platforms.