Questrade offers several benefits for Canadian investors
- Low Fees: Commission-free ETF purchases and low stock trading fees ($4.95-$9.95 per trade). Questwealth Portfolios have management fees as low as 0.20%-0.25%, potentially saving up to 50% compared to mutual funds over time.
- No Account Fees: No annual or inactivity fees for RRSPs, TFSAs, or other accounts, and no minimum balance requirements.
- Flexible Platforms: User-friendly mobile (QuestMobile) and web platforms, plus Questrade Edge for advanced traders with customizable tools and real-time data.
- Diverse Investment Options: Stocks, ETFs, options, bonds, GICs, mutual funds, precious metals, and forex. Fractional share trading is available for U.S. stocks and ETFs.
- Account Variety: Supports TFSAs, RRSPs, RESPs, FHSAs, margin accounts, and more, with tax-free growth in registered accounts like FHSAs.
- Managed Portfolios: Questwealth Portfolios offer low-cost, expert-managed ETF portfolios tailored to your risk tolerance, including socially responsible options.
- Learning Tools: In-app Learning Mode, webinars, and research tools like TipRanks’ Smart Score help beginners and seasoned investors.
- Dual Currency Accounts: Hold U.S. dollars without forced conversions, avoiding extra fees for U.S. trades.
- Fast Deposits: Instant deposits up to $10,000 daily via Interac or Visa Debit.
- Customer Support: Award-winning service with quick responses via phone, chat, or email.
- Security: Regulated by CIRO, with CIPF protection up to $1 million and additional private insurance up to $10 million.
- Promotions: Transfer fee rebates up to $150 and referral bonuses ($50 for you and a friend).
These features make Questrade a cost-effective, versatile choice for both self-directed and hands-off investors.
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