Qtrade Discount Brokerage Review
4 stars based on
Qtrade is a bit of a mystery despite being ecn fees qtrade brokerage account the 1 discount broker in the Globe and Mail survey for two years running.
You can see their entire fee schedule here. It does not offer the ability to sell a U. I also asked him if he has encountered any problems with the broker and Evan feels that their DRIP enrolment is cumbersome because you first have to contact customer service to obtain a form, fill it and mail or fax it back.
Overall, it seems to me that Qtrade is a solid contender if you are considering a discount broker. I wish to express my thanks to Evan for sharing his opinion of Qtrade, especially since it was hard to find a customer among our readers.
You can also check out the reviews of other discount brokers: Hopefully, competition will lower prices at all brokers. I called Qtrade twice and was impressed that they answered the phone right away. Their reputation for good service seems justified.
Does anyone know if they offer real time charts? How is their transaction history paperwork? I know that Questrade is a pain when trying to obtain transaction history. How about TD Ameritrade? Anyone have any thoughts on them? Hi, I have been using Qtrade for over a year now and called them sometimes at 5. The application process was easy and took about 2 weeks to complete. The information and charts provided on thier website are second to none. Quarterly statements arrive like clockwork.
Dividends are automatically posted with absolutely no effort on my part, and you can access just about anything that you need to find out about your accounts very easily.
I have been using Qtrade for a year or so now. I picked Qtrade mainly due to the good reviews I read, and positive experience when calling for info on setting up a new account. This is my frist dive into trading stocks myself, so I have nothing to compare it to. I have found the site itself very user friendly with a clean simple design — they have added morningstar research reports, which ecn fees qtrade brokerage account nice.
I have only had to call customer service times, and have sent a few e-mails. I was surprised the first time I called and someone answered on the first ring — no menu to navigate, and no waiting on hold. I thought I had dialed the wrong number!
I would recommend this site — I pay a bit more for a trade than with other sites, but I am paying for the peace of mind in knowing that I can call and talk ecn fees qtrade brokerage account a ecn fees qtrade brokerage account and friendly rep who will help me quickly if I need assistance. Do not use Qtrade there are much better brokers out there. Their system is slow and unreliable. When I submit a request it never gets filled because it takes them so long to process and by the time they do the price has usually run up from my limit order.
As for the system crashes I decided one day that they should at least refund me for one of my commissions because they even admitted ecn fees qtrade brokerage account it was issues with their servers and they flat out refused. They said sorry there is nothing they could do. Their customer service staff do answer quite quickly but are quite rude.
Instead the staff member proceeded to lecture me that if our systems go down we provide a means for you to call us to place the trade. Total horse shit because as far as true traders know every sec counts.
Their trades are so fast my account is updated as soon as I place the trade. They have customizable charts, excellent customer sevice, always polite and very professional.
I had a lot of problems with Qtrade as they made so many errors just in opening my account which took weeks and weeks of e-mails to fix. There is a charge for everything. Their exchange rates are atrocious.
Cash positions are NOT updated in real time. Their website uses endless menu trees. I would prefer more tabs but I guess this is just a personal preference. On the positive side, their e-mail responses are very quick. They even have an internal messaging system but they reply ecn fees qtrade brokerage account the messages via e-mail.
They pocket the difference, I suppose! This brokerage is very small and not suitable for complicated trades. However, they do have CIPF coverage. Does not live up to the hype.
I will be moving soon. I also had an account with Nesbitt Burns and was being charged an astronomical amount for each trade so I switched my entire account to Qtrade and have been pleased with the service. I read once — ecn fees qtrade brokerage account — that an Investment Advisor is someone who invests your money for you…. Moved an account from qtrade to itrade because bond inventories better at the time with itrade… Am now in the midst of moving it back to qtrade as 1. Would i go anywhere else.
They were recommended by my Credit union, Envision, which they are partners with. It was all a learning experience for me, as I was brand new to investing at the time.
Like most of their new customers. I felt the sign up process was simple enough but felt like it took forever. And applying to trade options was a similar experience. Sometimes when I transfer cash to my Q ecn fees qtrade brokerage account account, it takes a couple of days to go through, which feels like an eternity when you are excited about a new buy.
Clean, effective site, clearly designed in a simple easy to use way. The phone service is as good as everyone says. This is in no way a site a serious trader would use. The commissions on options can get really pricey when buying lots of contracts. No real time chart.
Not even a live ticker! You have to refresh the quote page every single time. No good til cancelled orders, no trigger orders, or one cancels the other orders. And no way to set up instant buy and ecn fees qtrade brokerage account buttons for day trading. But with all that said. I would recommend Q trade to anyone. And I have no plans on switching. I am practicing my skills on the TD think or swim paper money platform and when I am ready, I will start a separate USD trading only account there.
I will keep all my CDN rsp and tfsa stuff at qtrade. Qtrade Review November 19, at 7: This article has 24 comments MillionDollarJourney November 20, at 8: Ecn fees qtrade brokerage account Heath November 20, at 8: Canadian Capitalist November 20, at 9: MillionDollarJourney November 20, at Marc November 20, at 1: Canadian Capitalist November 20, at 3: Kevin May 6, at Gerold July 14, at 3: Rob October 29, at 1: Does any Canadian brokerage offer stop losses on US options?
Qtrademy broker does not. Kenny Waldal May 31, at 2: Michael January 16, at 3: John February ecn fees qtrade brokerage account, at 1: Two thumbs up for Qtrade. Francis April 8, at Gerold April 8, at 8: Jerry May 13, at 2: Patricia January 26, at 1: I am far into the future and reading this as a part of a periodic Brokerage review.
Kelly Law April 11, at November 11, — comments. July 29, — comments.