Questrade clients have access to transparent, competitive pricing as well as the ability to trade equities, options, and ETFs of companies based locally and in the United States.
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And the best part about it?
Well, lets dig in to what Questrades investment platforms have to offer us in Review Of Questrades Browser Platform Questrade Trading Questrade Trading is one of Questrades most popular platforms, mostly due to its ease of use. It is the default platform that all US and Canadian customers receive.
Questrade makes the user face clean and extremely easy to use. On a whole, however, Questrade has built the platform with a lot of care and thought, and is ages ahead of anything else out there.
Keep in mind that if you are running a Linux system, this will be your choice of platform. Installation and use No software installation is required because the interface is web based, in other words, it will run through your browser. For us, the platform works without any hiccups in Google Chrome and Firefox. It ran amazingly fast on every single one of them with zero issues.
Their desktop platform is perfect for people simply buying and holding stocks, maybe looking to do a bit of analysis. Core Tasks Questrade offers basic and advanced fundamental and technical indicators with a few clicks of your mouse For the average investor, Questrades web browser is more than what is necessary. For instance, one can use advanced charting that includes 31 optional indicators and 5 drawing tools.
Also, it is easy to check multiple things at the same time, be it your balance or trading history, all in a couple of clicks and a few seconds.
There are a number of tools that Questrade offers for fundamental and technical analysis, but in some cases, the data-feed can be delayed by 15 minutes. To make the user aware of such a delay, a small clock icon will appear at the corner of the screen. Most investors want to check their balance and make a couple of trades here and there. If you do not fall in this category, and aim to follow stocks at the same time and make numerous trades, the platform would be useless. In such a case, we would recommend that you use the Questrade IQ Edge Platform, which will be discussed next.
If you have previously searched for a stock, Questrade will remember your search history and have the stock available for purchase with one click. Versatility A web based platform will work on all and any device, given the device has a web browser. This is particularly convenient for those who use unorthodox operating systems, such as Linux, because they do not have to worry about compatibility with their operating system. As long as you have an internet connection and a web browser, you are good to go with Questrade.
Malleability Traders can set a home screen, which will appear whenever you log in. It can be the trading screen, or the account balance screen, whatever you want to see first. Like we mentioned above, Questrade also has a gadgets feature. You can play around with these in terms of position on the screen, size, etc. As you can see from the picture above, there is a TON of functionality with this program. For us to explain it all would be impossible.
But we will do our best to highlight the main features, and let you do the experimenting after. How does this benefit an active trader? Well, instead of having to switch back and forth from individual stocks in all of these applications, you can simply duplicate the workspace, change the stock, and then seamlessly click back and forth from each.
Installation Questrades IQ Edge platform works on almost all devices, and installation is super easy Installation on most platforms, including Windows 10 and Mac, is a breeze. It is safe to assume that the best builders were employed to create Questrades IQ Edge platform because it functions smoothly, without any crashes or problems. From there, simply click IQ Edge like displayed in the image above.
Such a move will give users access to research on thousands of companies in the US and Canada across multiple categories. Also, as opposed to the web platform, there is no delay when it comes to level 2 data. Traders can place orders from the level 2 window, which acts as an advantage in terms of speed and convenience, allowing traders to take advantage of market opportunities.
Questrade level 1 data is 15 minutes delayed, so traders can gain a huge edge by purchasing access and maybe being refunded! On top of that, there is no need to change screens for order confirmation, leading to further time savings. Questrades level 2 features gives you live access to pricing data and more As we mentioned that it is useful for more advanced traders, Questrade offers advanced entry options such as conditional orders, bracket orders, or multi-leg option strategies.
In fact, if options are what you want to trade, Questrade has pre-installed option trading layouts available to you. There are hotkeys for faster navigation, and one can set default order values for stocks and options together with order parameters such as order type, duration, and route.
Versatility As mentioned before, Questrade offers this as a desktop based platform and will run only on Windows and Mac devices. You will get the same experience no matter what OS you use.
But this cannot be used on your mobile. Malleability As soon as you log in, you would notice that the platform is feature rich. Much more so than the Questrade IQ Web.
As we have shown in the introduction picture, the features are endless. Questrade makes these options available for both US and Canadian stocks. Unlimited workspace allows for unlimited windows, or gadgets, which is highly suitable for trading.
For a little personality, users can even change the color to blue or light blue themes as well as changing the background and text colour within their stock quotes. Review Of Questrades Mobile Platform Questrades mobile platform is one of the best out there Most of us live our lives as hustlers, always on the go and looking to get as much done as possible. This is even truer for those who trade for a living. Questrade identifies this need and caters to it with its mobile app.
Installation Installation is straightforward, same as any other app on your phone. In terms of functionality, the Questrade mobile app can feel a bit sluggish at times.
Core tasks Some highlights from the Questrade mobile platform. Here we can see the watch list, quotes, and general stock market news Still, Questrade is trying to appeal to traders by including some technical indicators in their stock quote search. The mobile application as you can see above has the same look and feel of Questrades browser enabled platform. This was a huge plus for us as we feel the color scheme and layout allows for ease of use and is easy on the eyes, unlike the dark yet customizable Questrade IQ Edge.
Look up news about specific stocks and option prices in the tap of a button The Questrade mobile app is not an ideal tool for a day trader who wants to cover all bases when making an important investment decision. But given the small screen size, the Questrade mobile app delivers as much as possible, such as technical indicators when looking up quotes. Navigation is easy when it comes to buying and selling for both stocks and options, with just a couple of taps. Such features are often more than enough for the average investor.
Things like transferring funds, excising an option or viewing a statement are only a few clicks away Furthermore, users can also transfer money between Questrade accounts, as well as exchange funds. Finally, functionalities such as multiple order types, studies and drawings, and super-fast trade executions are also available.
The mobile platform is built for the phone and other handheld mobile devices, and that is where its use ends. Malleability There is obviously limited real-estate on a mobile screen.
I managed to find only some minor drawbacks. For example, HLC bars are not supported for charting OHLC is the only option and you are not able to save your chart settings to a profile; instead, all changes are saved automatically and resetting the markups unfortunately means starting over. Overall, there is a lot to like about IQ Web. Once logged in, it was immediately noticeable that the platform is more feature rich than IQ Web, and is built for investors with more trading experience. I was also happy to find that traders are offered the option of skipping the order confirmation window important for day traders , full hotkeys are supported, and default order values can be set for stocks and options together with order parameters, including order type, duration, and route.
Lastly, for users who are not fans of the default Black theme, Light and Blue themes are also available. Market Intelligence and Intraday Trader. Market Intelligence is powered by third-party research provider Morningstar and provides thorough fundamental analysis for equities and ETFs traded in Canada alongside the United States. Reports for individual securities are of the highest quality and to scan for ideas, the screener tool gets the job done well.
For mutual funds research, customers have access to the Mutual Fund Centre also powered by Morningstar which focuses on Canadian funds only. IQ Edge offers the biggest set of trading tools and features and is probably the most feature-rich trading platform specific to the Canadian market.
Best of all, it's free. Any Questrade account holder can download and use IQ Edge for no additional charge. Active, experienced traders can get the most value by downloading IQ Edge--Questrade's desktop-trading platform. However, we did experience some minor glitchiness with the desktop display using both Safari and Chrome browsers.
Trading in these products is offered via a proprietary browser-based and desktop platform as well as the award-winning Metatrader 4 platform. Pros The web version is slower, naturally, but it has most of the desirable features and tool sets available with the desktop-based IQ Edge. We liked that settings update automatically across multiple devices and workstations and that even the web version accommodates a number of advanced order types, like "all or none," bracket, minimum quantity, and iceberg orders.
QuestradeFX is an easy to use platform that offers advanced charting features.
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