Questrade Review (A Real Investor Review)

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.

Rather than paying transaction fees when assets are bought and sold, you pay a flat fee, based on the size of your portfolio. Unlike many other forums on the internet, The Exchange seems to be active. 

But they have listened to their customers and improved tenfold. Versatility As mentioned before, Questrade offers this as a desktop based platform and will run only on Windows and Mac devices.


Nov 07,  · Learn how you can retire up to 30% wealthier Questrade Portfolio IQ Questrade Portfolio IQ It's time to #AskToughQuest.

However, not all of them come with the ease of use and the low trades associated with Questrade. This Questrade review goes into detail on why I consider Questrade to be the best Canadian discount broker. Any broker is going to charge some sort of commission or fee. However, Questrade is very competitive in its pricing.

As one of the investments growing in popularity, the fact that ETFs are free is a big deal. This is an option that can suit active traders, since many active traders want access to this type of market data anyway, and the trades can be much cheaper when you trade actively. You can also get involved with forex trading, where the commission is based on the spread, and not directly charged to you.

Your best deal is going to be stocks with Questrade. You can get more pricing information from the Questrade site. Open an account Signing Up for a New Account Questrade offers you the ability to sign up quickly and easily.

As with opening any financial account, you have to provide some personal information, so it makes sense to gather your needed information ahead of time so that you complete the process a little bit quicker. Here is what you need to open your account: Social insurance number Employer details or other source of income Other basic personal information including name, address, birthdate, etc.

You will need to create a user ID and password when you start signing up. You can use this information to return and complete your application if you are interrupted for any reason during the process. The online submission is quick and secure. While you could print out your application, that just leads to the chance of mistakes and illegibility, not to mention the possibility that the information is lost in the mail.

Use e-Signature and submit online, and the process is secure. You will need an initial deposit to get started, and the minimum depends on what you are trying to accomplish. You will have higher minimums if you want to trade forex, or if you want a margin account. Other types of trading require even higher minimums. You have to be careful about sending USD amounts to your Questrade account, though. If you want to avoid conversion fees, and you use USD, Questrade can be a great choice. It is kind of annoying that you have to keep using the drop down box on every page in order to visit your accounts.

This gets a bit tiresome if you have multiple accounts. Open an account Trading Platform Questrade spent a lot of time updating and upgrading its trading platform. Now there are three main options for trading: You can use IQ Web, the web-based platform that uses Silverlight. This allows for fluidity and security, but the main downside is the fact that Microsoft recently announced that it will be retiring its support for streaming Silverlight by So at some point this might not be the best option.

Otherwise, though, there is plenty of power and usability with this version of the platform. Chances are, if you walk into a bank branch for discount broker questions, they will end up calling someone to help out. It comes to the same with Questrade. The application process is actually easier with Questrade. You can do it all online. Any required documents can be uploaded which is not the case with some bank discount broker.

For example, with RBC Direct Investing, I have to fill forms and mail them in whereas Questrade supports online signature and document upload. Questrade is to the discount broker world what Tangerine is to the banking world. Questrade offers 2 ways to invest your money.

Questrade Self-Directed Investing Questrade Portfolio IQ The self-directed approach is as advertised where the investor is in control of buying and selling the stocks. Questrade describes the service as follow.

With Questrade Portfolio IQ, your money is invested in a diversified portfolio, much like a mutual fund. However, we use a cost efficient portfolio of exchange-traded funds ETFs. These ETFs give you a diversified investment with much lower fees. Questrade Portfolio IQ is a step up to any mutual funds investors.


Welcome to Reddit, 

How Questrade Portfolio IQ works is that you don't need $, to benefit from a financial advisor who will actively manage your portfolio – you can start with as little as $2, It is for people who want to invest but don't have the .

Questrade Portfolio IQ caters to individual clients by assessing their risk tolerance and suitability before creating a personalized portfolio. Here’s how it works: Investors can start with as little as $1 and pay no fees until their account reaches $2, Monitor and review your portfolio online at any time You will be able to save your progress at any time by creating a profile. If you have any questions along the way, one of our specialists will help you over the phone, email or live chat. Retiring 30% Wealthier illustrates how investing with Questrade Portfolio IQ Balanced Portfolio could. 

More Info

Want to add to the discussion?

Questrade Portfolio IQ has an annual fee of %, compared to mutual funds that have an average annual fee of % ( Global Neutral Balanced Funds). This is based on an initial investment of $20,, compounded annually over 30 years. You can quickly review how your portfolio is performing using our easy-to-use reporting tools, which display your account summary, balances, and positions. Help and How To Portfolio IQ Portfolio performance whether provided by Questrade or created by the community members.

Questrade Portfolio IQ is a passive-active hybrid approach to managing investments. The company invests in low cost exchange traded funds, and they use an asset allocation approach to management. However, active managers may tilt the direction of your portfolio based on market analysis. Really known as managed investing, Portfolio IQ takes away the stress of investment decision making, such as asset allocation and re-balancing, and puts this work into the hands of experienced portfolio managers of their Questrade 94%(K).

More Info
© 2018