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Questrade

Questrade

Overview

What is Questrade?

Based in Toronto, Questrade offers solutions for investors with self-directed investing and Questwealth Portfolios, presented as intelligent, lower fee portfolios designed by experts to help the user achieve financial goals.

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Recent Reviews
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Pricing

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Questrade

Questrade

N/A
Unavailable

What is Questrade?

Based in Toronto, Questrade offers solutions for investors with self-directed investing and Questwealth Portfolios, presented as intelligent, lower fee portfolios designed by experts to help the user achieve financial goals.

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.questrade.com/pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

FOREX TRADING DEMO | Mengapa Kesuksesan Awal Lebih Buruk Daripada Kegagalan Awal

YouTube

How to Trade Extended Hours on QuesTrade with A Demo

YouTube

Questrade DEMO - Tour of the Platform

YouTube

How to trade options on Questrade + Placing a trade DEMO

YouTube

FOREX TRADING DEMO | Menerima Kerugian Awal Keberhasilan Dalam Trading1

YouTube
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Product Details

What is Questrade?

Questrade Video

QuestMobile Trailer

Questrade Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(5)

Reviews

(1-4 of 4)
Companies can't remove reviews or game the system. Here's why
November 09, 2022

In my opinion, don't buy into their marketing! I feel Questrade is a complete waste of time and don't stand behind their promise of customer service. In my experience, I was ignored for months....

Verified User
General Manager in Information Technology
Real Estate Company, 1-10 employees
Score 1 out of 10
Vetted Review
Verified User
Use Cases and Deployment Scope
Questrade is a trading platform that is supposed to help with achieving this goal. It is a discount brokerage that is supposed to help trading for low rates on international markets.
Pros and Cons
  • Marketing
  • Affiliate marketing
  • Onboarding
  • Customer service
  • Online experience
  • Document validation
  • Identity verification
Likelihood to Recommend
I feel that Questrade was a completely waste of time! In my experience, they couldn't onboard me for a few weeks, then I wired them 25k, which they refused to deposit, requesting additional documentation. I sent the documents on the same day, they were "pending" for two weeks. In my experience, I followed up with their support, they returned a canned email. Eventually, the money was returned back to me, the documents are still "pending" as of this writing, months after submitting.
Most Important Features
  • Independent trading
  • Cheap trading
  • Freedom
Return on Investment
  • In my experience, Questrade has delayed me for months! I feel it's a waste of time
  • I don't know how they deserve such high ratings, maybe they buy marketing and reviewers. In my opinion, don't buy into their sales pitch!!!
January 23, 2022

A good tool for Trading and Portfolio Management

RM
Rajat Miglani
Test Lead
HCL Technologies (Information Technology & Services, 10,001+ employees)
Score 8 out of 10
Vetted Review
Verified User
Use Cases and Deployment Scope
It helps me to manage my Canadian Investment with no Commissions and fewer brokerages. Tax-loss harvesting also helps me save tax on the capital gain.
Pros and Cons
  • Excellent User Interface to trade.
  • Good Integration with payment gateway which allows me to use my debit card.
  • Several type of account options based on the particular's requirement.
  • They can reduce the pricing a bit.
  • They Should expand their reach to other geographies as well.
  • For Bond Market minimum cap is on the higher side, can be reduced.
Likelihood to Recommend
It helps me in managing my Canadian portfolio which includes stock-specific investments and ETFs as well. They charge no commission or very little commission on some specific trade.
Most Important Features
  • Very good investment advisors to help you pick right product.
  • Several Account types to choose from based on the requirements.
  • Nice Payment gateway integration and good User Interface.
Return on Investment
  • Pricing is on a bit of higher side for Portfolio Management.
  • There are no commissions, so that's a plus point for the Platform.
  • Nice Feature to save tax on Capital gain using tax loss harvesting.
January 12, 2022

Personal review of Questrade

Verified User
Analyst in Finance and Accounting
Investment Management Company, 51-200 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
I use Questrade to manage various portfolios, on both registered and unregistered accounts. The scope of my use case is being able to buy/sell securities, manage the various portfolios, and track monthly realized/unrealized P&L to advise on future investment strategies/decisions. Questrade makes this all very simple to do with its easy-to-follow user interface and great customer support.
Pros and Cons
  • Easy to follow user interface.
  • Monthly reports are very detailed and contain visuals to aid in the understanding of performance.
  • Questrade has a very responsive customer support team.
  • Questrade has low fees.
  • In Questrade's annual tax reports, they do not currently show the ACB of the securities that were purchased/sold. This would aid in tax reporting greatly.
  • Questrade should be a bit more transparent on its fees for FX conversion, margin interest, etc. Currently, it is located on a single page that you have to actively search for -- otherwise, the fees can appear hidden.
Likelihood to Recommend
Questrade is very well-suited for personal investing, both on registered or unregistered accounts. Questrade will do the registration work for you for its registered accounts, which is a nice plus. Questrade is well-suited for beginners who are looking to get into investing as its interface is very easy to follow. Some scenarios where Questrade may be less appropriate are for those who rely on technical trading indicators as this is not a free feature on Questrade, as you get delayed quotes on the basic Questrade. Further, if you are going to be making a lot of trades and will have to report taxes, Questrade may not be ideal as the tax reports do not show ACB, and thus, this would be up to the trader to track themselves and report on.
Most Important Features
  • Ability to choose pre-determined options strategies rather than having to create them yourself from scratch.
  • Ability to track your monthly performance through Questrade's reports.
  • Ability to track the Greeks for options.
  • Ability to create a watchlist with custom notifications.
Return on Investment
  • Questrade's instant deposit feature has had a positive ROI as it enabled capital to be deployed instantly, which led to positive-returns intraday. Prior to instant deposit, one would have to wait up to 2-5 days for their deposit to show up on the account.
  • Questrade's monthly reports had a positive impact as they visually displayed portfolio performance in a visual manner, using both graphs and charts to aid in their explanations.
Alternatives Considered
I have used WealthSimple before, and I can say that Questrade is just a bit more intuitive for me. It's catered for beginners, but also has additional features for those who are a bit more advanced. Questrade is a flexible platform that allows you to create and track various types of portfolios, create and track various types of strategies, etc. By far the superior choice in my opinion.
November 17, 2021

Questrade is the best and affordable trading platform

Michael Levitt | TrustRadius Reviewer
Michael Levitt
Chief Burnout Officer
Breakfast Leadership Network (Executive Office, 1-10 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
I use Questrade for my stock and options investing. The platform is easy to use and has low processing fees, so even if you're investing with small amounts, you can still make profits, without losing your gains with investment fees. The phone app and desktop version work very well together.
Pros and Cons
  • Tracking investments
  • Alerts
  • P & L
  • Better charts within the app.
  • Dark mode setting.
  • Setting self Limits to margin investing.
Likelihood to Recommend
Questrade is best suited for the new investor, that can invest in stocks that they know. Options investing is also available, but only for those that understand options investing.
Most Important Features
  • Margin accounts
  • daily P & L
  • Notifications
Return on Investment
  • I learned how to trade options with Questrade.
  • Daily P & L to track my investment portfolio performance.
  • Ability to trade before and after the market opens/closes.
Alternatives Considered
robinhood is not available in Canada.
Other Software Used
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