Questrade, Inc Broker Review


    Visit Broker

    πŸ’» Demo Account: Yes
    βš– Allows Hedging: Yes
    πŸ”ͺ Allows Scalping: Yes
    🏒 Headquarters: Toronto, ON, CA
    πŸ“… Founded: 1999
    πŸ“ˆ Trading Platform(s): QuestraderPro, QuestraderWeb, QuestraderElite QuestraderFX, QuestraderFXPro
    πŸ“œ Regulating Authority(s): Investment Industry Regulatory Organization of Canada
    πŸ’° Minimum Deposit: $1000
    πŸ“£ Maximum Leverage: 200:1

    Visit Questrade, Inc
    Risk Warning: Your capital may be at risk

    Minimum Deposit
    Maximum Leverage

    Our Review of Questrade, Inc

    Questrade, Inc
    Company Overview
    Questrade, Inc is a discount broker that is located in Canada. When they were founded in 1999, their goal was to make sure that Canadians were able to gain as much financial independence as possible. They wanted to allow clients to have access to the best trading technology and tools, as well as the best methods of investing. For the past two years, Investor Economics has named Questrade one of the fastest growing, discount brokers that can be found online.

    Account Types
    The first type of account that is available from Questrade is the Margin account, which also happens to be the most popular. The Margin account allows clients to have access to most of the services that tools that Questrade offers, for a reasonable price. They allow individual, joint, and group Margin accounts to be opened. The second type of account that Questrade makes available is the TFSA (tax free savings account) or registered account. This is an excellent account for a person who is trading to store his or her funds until they are needed. It is also a great place to also hold stocks and options, completely tax free. The last type of account is the FX account, which allows traders to trade on the Forex market and have the potential to make a huge profit.

    Commissions & Spreads
    The commissions that are charged through Questrade vary with regards to what is being traded. Stocks can be traded for a commission of one cent a share, with a maximum of $6.95 being charged for a trade. Any and all ETFs can be purchased with no commission tacked on. Options can be traded for $9.95 each, with a $1.00 added per contract. Mutual funds are $9.95 per online trade, and bonds, GICs, forex, and CFDs can all be traded for no commission at all. Precious metals can be traded for $19.95 per trade.

    Trading Software
    There are two different platforms that are able to be used on Questrade. One is the IQ Essentials that allows for equities to be traded, including stocks and options. It is optimized so that it can be used on a tablet with ease, as well as any other devices that a person might wish to use to trade. IQ Web is also available, which is the entirely web-based app that traders can use as their platform. In order for a trader to trade forex, he or she will need to either use MetaTrader 4 or QuestradeFX, which allows different trends in the market to be tracked in real time.

    Deposits & Withdrawals
    Withdrawals can be made from a Questrade account for free, as long as the amount is less than $25,000. Depending on the type of currency in which the amount is withdrawn, there will be a fee of $20 to $30 tacked on if the amount should exceed $25,000. Most people hook up their bank accounts with Questrade in order to simplify the withdrawal process. Deposits can be made through online banking accounts that have been hooked to the Questrade account, a certified cheque, a stock certificate, a money order, or a preapproved transfer from another broker. The minimum deposit for stocks and options is $1,000. To trade option spreads, it's $5,000, and to sell uncovered options, it's $25,000. An account in good standing must have at least $250 in it.

    Customer Support
    One of the best parts about Questrade is that they offer a range of different services that are designed to help a new trader learn the ropes, as well as get any trader started with the different platforms as soon as possible. There are educational videos and tutorials for both subjects, as well as email addresses to a customer services center that will be able to provide assistance as necessary.

    Regulators & Safety
    Questrade is a member of the Investment Industry Regulatory Organization of Canada, as well as the Canadian Investor Protection Fund. Both of these organizations ensure that Questrade has all of the necessary registrations, as well as the security to back up investments should something go wrong.

    Questrade has a maximum leverage of 50:1.

    Sign Up Bonuses (if any)
    There are no sign up bonuses at Questrade, although there are bonuses if you should refer a friend.Β 

    Visit Questrade, Inc's Website
    Risk Warning: Your capital may be at risk

Company Information
Broker's Name
Questrade, Inc
Headquartered in
Toronto, ON, CA
Year Founded
Regulating Authority
Investment Industry Regulatory Organization of Canada
US Clients Accepted
Telephone Number
416 227 9876
Fax Number
416 227 0078
E-Mail Address
Account Options
Type of Broker
Dealing Desk, ECN
Mini Account
VIP Account
Segregated Account
Islamic Account (Swap Free)
Demo Account
Institutional Accounts
Managed Accounts
Maximum Leverage
Minimum Deposit
Deposit Options
Online bank transfer, Certified Check, Wire Transfer, Bank Transfer, Stock Certificate,
Withdrawal Options
Check, Electronic Funds Transfer (ETF), Wire Transfer
More Instruments
Trading Platform
Platform Type
QuestraderPro, QuestraderWeb, QuestraderElite QuestraderFX, QuestraderFXPro
Platform Languages
OS Compatibility
Streaming News Feed
Charting Package
Trading Signals
Automated Trading
Trade From Charts
Market Commentary
E-mail Alerts
Mobile Alerts
Trailing Stops
Guaranteed Stop Loss
Guaranteed Limit Orders
Guaranteed Fills
Interest on Margin
One-Click Execution
OCO Orders
Mobile Trading
Web-Based Trading
Customer Service
Customer Support Languages
English, Chinese
Customer Service Hours
Place Trades Over the Phone?
Bonuses & Rewards
No Deposit Bonus
Bonus for First Deposit
Is the Bonus Based on the Volume of the Transaction?
Other Bonuses

Our Rating: 
No votes yet
Broker Type: 

Related Articles

  • Markets.comCompany Overview is a brand and trademark used by Safecap Investments Ltd. provides an online Forex and CFD...
  • Forex4youCompany Overview Forex4you is based in the British Virgin Islands. The company provides foreign exchange brokerage services using...
  • London Capital Group Recognized as one of the largest online trading companies in the United Kingdom, London Capital Group provides services for...
  • FX Primus FX Primus is an award-winning international broker that offers more than just forex trading. The firm is established in the Republic of...
  • Company Overview ETX Capital was originally established in 1973. ETX is the brand name used for the holding company Monecor Ltd. Currently, this...
  • InstaForex Companies Group FOREX is one of the fastest ways for anyone to make money in the trading game, and it boasts numerous advantages over...
  • YouTradeFX YouTradeFX offers its customers the latest trading applications using desktops, laptops, smartphones or tablets. There system has been...
  • IG Index (IG Markets Group) Company Overview IG Index is part of the IG Group Holdings Plc, a UK financial derivatives trade exchange offering...
  • Company Overview AVATrade has grown to a trading volume of 2 million a month with 20,000 customers since being founded in 2006. Headquartered in...
  • Easy-MarketsCompany Overview EasyMarkets have been in business for more than 10 years, having previously been known as 'Easy Forex'. The company is...

Forex Brokers....

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. Β The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker comparison + reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact Sitemap