questrade fees reddit

Help.Questrade.com, Press J to jump to the feed. They depend on the number of shares involved. And the supply/demand argument is dumb. Questrade is fast growing: 50 thousand new accounts open annually, and in 2019, MoneySense ranked it as the best online broker. That's partially true. Resources Resources If you need a hand, have a question or want to build your investing knowledge, we’re here to help. Historical inactivity fees Inactivity fees used to be $24.95/quarter (every 3 months). In total, we only have 30M people. Canada's Questrade hidden, annual inactivity and maintenance charges. While they aren't open to Canadian clientele, Canadian users may sign up to Webull or Moomoo and receive completely free live and level 2 data. Questrade’s marketing wrongly fails to aknowedge the fact that advisors can have a net positive impact in excess of fees charged. Low-fees and no unnecessary fees on diversified ETF portfolios. WST doesn't offer options trading such as covered calls inside your TFSA. Active Trader Pricing. Questwealth Portfolios is a Toronto-based robo-advisor, owned and operated by Questrade, an online brokerage. Questwealth Portfolios Pricing. Search . Plus QT has horrible customer service, and the app does look like its designed in the 90's, so they have little to no right to be charging this fees. The cost of market data fees will vary for each customer, depending on what markets are required. WST doesn't allow setting in USD, they give you free trades by adding premium to USD conversions coming and going. For example, at Interactive Brokers you pay a maintenance fee unless you have $100,000 of equity in your account or pay at least $10 in fees per month. 3. Questwealth Portfolios Pricing. Until Robinhood or M1 Finance get to Canada, WS and QT are the only game and they don't seem to be competing for the same customers at all. Blog; Cookie Policy; Site Map; questrade after hours reddit They are making a killing right now .. especially with their 7%+ margin rate. We also active rebalance your portfolios … It's completely possible those other trading platforms are operating unsustainable and will be out of business in 5 years, or 2 years, or 6 months. Looks like there will be new ETFs or some are being switched over. 5 free tradesHit the trade floor running and leave the commission out. Stock commissions are what you pay per trade. They should do a full rebate of up to 90 dollars if you exceed that much in commission in a month. Find my broker; Compare brokers; Best brokers . Questrade launched in 1999 and now has more than $9 billion in assets. Here is what happened. This is not related to the fees that Questrade charges per se, but Questrade does not partake in the BC Training and Education Savings Grant Program, so using Questrade for your child’s RESP may be an opportunity cost of $1200 (unless you open up another RESP of course). The company was created by Edward Kholodenko with three partners and launched in 1999. Below you will find the most relevant fees of Qtrade for each asset class. You can decide to open a Questrade RESP now to enjoy the lower fees and more investment options. Fees are important because they can have a huge impact on your ultimate returns. 9. $4.95-max $9.95). ECN fees are fees enforced onto Questrade by an external network that charges you for making a transaction which removes liquidity from the market (i.e., buying at the ask or selling at the bid). There are no account opening or closing fees, nor hidden fees. Questrade does not charge a deposit fee. People seem to just want to compare to the latest. While, technically, Questrade also charges a currency conversion fee, it doesn’t apply so long as you keep those investments in U.S.-dollar assets indefinitely. Wealthsimple charges a small percentage on funds in their service. Non-trading fees include various brokerage fees and charges at Questrade that you pay not related to buying and selling assets. How ever the mod over at r/Wealthsimple is a Douche bag. Comparing trading to what was in the past. Open a Questrade account and start investing with 5 commission-free trades. Questrade: Use my QTrade referral { o0soehds } for $50 in free trades (this is how you buy & trade on Questrade) Questrade for me, is the best with its account minimum at $5K (but even that is not applicable to you if you buy at least once a year, because you only get charged an inactivity fee.) With others like RBC DI - they seem to take $10 and put $0.10 in their infrastructure - and cant handle a volatile opening - and you lose a lot more than any commission you might ever pay. Questrade Account Fees and Trading Fees Account Fees. Questrade and Questwealth Portfolios Review 2020. However, the $5 + ECN fees are still in play when it comes to selling those ETFs. Questrade’s 30% richer promise is both a promise they cannot realistically make and at the same time one they are failing miserably at delivering. There is no doubt that Questrade really shines when it comes to fees and commissions. This chart provides a brief overview of Questrade’s fees and features. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee. 2 A shipping fee of USD $30 is charged for each 500oz or $100,000 of gold or silver, whichever is higher, withdrawn from pooled storage (your precious metals are stored together with other customers' metals). It could be worse. I'm fairly sure people will suggest QT because of the lower fees. Speculating is expensive. I've said it before, the commission fees is a loot. Questwealth Portfolios Pricing. They have an inactivity fee, which Questrade recently dropped, they call it maintenance fee, of $25 which can be waived if you do a least one trade per quarter, you are under the age of 26 or have at least $5000 across all your accounts. but 5$ usd per trade is rough, even more rough when u getting charged 27 cad for buying 2 options in a single trade...TWICE. Clients can choose to invest with TFSAs, RRSPs, RESPs, margin accounts, and more. Online brokers compared for fees, trading platforms, safety and more. Chance favors the prepared mind – Louis Pasteur Active traders enjoy special pricing plans and fee rebates with Questrade. Promotions. If you need to reference historical inactivity fee charges, please see the section below for more details. Questrade is a digital, low-cost online brokerage that aims to give Canadian investors more affordable ways to earn money. if you dont mind a horrible UX experience there's always IB. Wooden beehive at Calgary Zoo. Account closure . Low-fees and no unnecessary fees on diversified ETF portfolios. Active Trader Pricing. The official Questrade subreddit Good riddance. Low-fees and no unnecessary fees on diversified ETF portfolios. Questrade offers two pricing plans for trading stocks, options, and ETFs: Democratic pricing (default) and Questrade Advantage (active trader program). See Questrade’s low fees for trading, market data and margin trading. Minimum $5,000 purchase. This is based on an initial investment of $30,000 and a yearly contribution of … You are correct. For more on what this means, check out our Questrade Review. - Questrade charges a $150 fee to transfer out to another institution - I have about $15k worth of equities (80% Canadian+20% US) in my TFSA - TD has higher commission fees ($9.99 vs $4.99) How do you keep your fees so low? Supply vs Demand. Active Trader Pricing. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. The world of Excel lessons. So if they lose 1 client for every 4 new no need to adjust fees and they can increase fee for different feeds. Questwealth Portfolios Pricing. Im happy paying these commissions if the platform is solid. of that, most who are involved in the markets are investors who don't really care about commission fees. It is also worth mentioning that Questrade offers free purchases of most ETFs. 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