You can trade in lot sizes of 1, 0.1, and 0.01 contracts, which corresponds to 100,000 units, 10,000 units, and 1,000 units of the respective currencies in the contract. Unlike other companies, we don’t put restrictions on accessing our platforms. Available in web and desktop versions, this platform has the tools you need to take your trading to the next level. “Questrade overall appears to be a well run organization and offer the latest technologies to make investing easy.” From breaking news about what is happening in the stock market today, to retirement planning for tomorrow, we look forward to joining you on your journey to financial independence.
Introducing the Tax-Free First Home Savings Account (FHSA)
Sometimes market conditions undergo changes that can nullify some of your strategies that have worked in the past. Under these circumstances, you might need to re-evaluate your strategy, and would prefer to do so without further risk to capital. Drawdown limits of 25% to 40% are common for experienced traders.
Regulated by CIRO and CIPF member
Some offers on The Motley Fool are from our partners — it’s part of how we make money and keep this site going. If a product isn’t any good, our review will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Advanced-Data Packages are $89.95 CAD for the Canadian package and $89.95 USD for the U.S. package.
Our easy-to-use, intuitive, all-in-one platforms have everything you need to trade in one place.
ETFs are free to buy but selling will include commissions. Trade a good range of CFDs on commodities, indices and more. Questrade offers advanced mobile and web trading platforms with top research features including Morningstar and Trading Central.
CFD expiration
When logging into your Questrade account through their website, investors can hit the “Trade” button and will be taken to the Questrade Trading platform. Here, investors can make trades, manage their account, check performance, and conduct research on stocks. All platforms display real-time snapshot balances, buying power, positions, margin balance, and profit and loss. You can customize these reports by adding and deleting criteria. The account tab on the browser-based platform displays open orders, executions, and activity such as dividends and deposits. There are also other asset classes available including precious metals, such as gold, CFDs, bonds, futures, warrants and GICs ($5000 minimum).
Introduction to FX Trading
The Enhanced pricing package costs $19.95 USD/CAD per month and comes with enhanced Level 1 live streaming data, plus a full rebate if you spend more than $48.95 in trading commissions. With 21 years in the Canadian market, the award-winning broker has accumulated $15 billion in assets and has featured in several online publications, including Yahoo Finance. Questrade ensures that all client needs are catered for with several different account types, from questrade forex short-term to retirement-friendly. Founded in 1999, Questrade Inc. is an established online brokerage, regulated by the Canadian Investment Regulatory Organization (CIRO). The financial group initially offered investment in Canadian and North American Stocks as well as ETFs, but now also provides access to options, FX, CFDs and more. Trading in derivatives, including FX & CFDs, involves substantial risk of loss and is not suitable for all investors.
Also available in Mobile and Desktop versions, our Edge platforms have the tools you need to take your trading to the next level. Make trades, research securities, move your money, and see your portfolio’s performance, all through one beautifully-designed interface. Transferring an account over from another financial institution is easy. You can find out how by reading our guide on transfers here. Transferring between your Questrade accounts is simple. You can easily move your Canadian and U.S. cash, or your investments between accounts any time.
Interested in learning more about the features of QuestMobile, or in-depth tutorials on getting started? To use the Questrade Trading platform, simply Log in, then click the TRADING button next to Summary in the top navigation menu. The world of FX trading, rather like the world itself, is quite big and varied, but we have a few resources to help get you started on your learning journey.
If you’ve ever taken a trip outside Canada you’ve probably dealt with a currency exchange rate in some way, shape or form. But did you know you can also trade these currency differences to try to gain a profit? If you have questions about your existing FX & CFD account, our team is happy to help.
Once you have set up an account, access to the trading platform is quick and easy straight from your internet browser. Questrade Edge Mobile puts the power of an advanced trading platform in the palm of your hand. You can easily and securely make https://forexbroker-listing.com/ trades, manage your accounts, check performance, and research stocks or ETFs. Our free platforms are packed with powerful tools and features to help you make smart, well-informed trading decisions that align with your unique investing goals.
The next stages involve creating your sign-in credentials, building your profile, and setting up your account requirements. You’ll then receive your 10 digit account number and can get started. If you have experience trading with Questrade please share your personal review of the broker and what you think are strong and weak points. Processing times are 1 – 2 business days for most methods but receipt of funds may vary depending on the chosen bank or payment processor. Securities shown are for illustrative, educational, and visual purposes only, and should not be relied upon as financial advice.
Questrade provides trading in stocks, options, bonds, exchange-traded funds (ETFs), and mutual funds. Contracts for differences (CFDs) and forex are also available to trade, though they require the use of a separate platform. In addition, Questrade offers guaranteed investment certificates (GICs), international equities, access to initial public offerings (IPOs), and precious metal purchases.
- However, it’s important to note that OTC stocks cannot be traded in registered accounts (e.g. TFSA, RRSP, RESP, etc.).
- The downloadable platform is called IQ Edge, and it is very customizable with additional research features and order types.
- While waiting to speak with an employee, users are able to track their position within the queue.
- While the two apps operate in similar ways and have similar functions, you will have to use two different apps if you trade multiple markets.
- Users are able to use an online chat feature to interact with Questrade employees when issues arise.
- For those who want to invest in US securities without paying substantial currency conversion fees, it is possible to use Norbert’s Gambit method to exchange CAD to USD at an attractive price.
Access over 110 FX pairs with spreads from 0.8 pips and no inactivity fees. Seasoned traders can also unlock advanced market data packages with fee rebates and competitive pricing. The FX market is open for trading 24 hours a day, 5 days a week. We also offer practice accounts to learn more about the advantages and disadvantages of FX trading before committing funds for trading in a live account.
You can also utilise Active Trader pricing by purchasing one of the Advanced data packages for $89.95 USD/CAD per month. These include extra perks like Level 1 and Level 2 live streaming data, full and partial rebates, plus other data add-ons. The standard Questrade Trading platform is designed for all levels and the most popular choice for Questrade clients. No download is required; simply sign up for a live or demo account to receive your login details. Congrats, you’ve successfully enabled the Edge platforms for your account(s)! You can access Edge web anytime after logging in by clicking the green Trade button on the top right.
These partners fill in some gaps in the Questrade platform, especially for technical analysis junkies. There is an additional cost depending on the partner chosen. Forex and CFD trading require a different platform as these asset classes cannot be traded on either Questrade Trading or IQ Edge. For those who trade multiple markets, trading from two platforms might be cumbersome.