Td canada forex trading

Questrade wins every time. The latest challenger is Wealthsimple Trade , which is a stock-trading mobile app that offers commission-free ETFs and stocks buy and sell. While that is certainly appealing for new investors looking to trade stocks and ETFs on the regular, when we looked at Wealthsimple Trade vs. Questrade is still, by far, the more robust trading platform.

The screenshot below shows the watch list and the order entry to buy shares. This allows you to quickly pull up a screen and see if there have been in any movements in the companies that you are interested in. Another platform that Questrade has is called IQ Edge. This platform is suitable for investors looking to trade in higher volumes not couch potato investors and has a darker, more intense layout.

IQ Edge is much more customizable and lets you adjust the settings to accommodate your personal needs.

It also has pre-installed option trading layout, and IQ Edge gives you the ability to make advanced trading orders, such as conditional orders and multi-leg options strategies. IQ Edge is highly customizable and created for advanced day traders not my style. Questrade also has a third platform to choose from called IQ Web Platform. This platform allows you to add customizable gadgets that are easily accessible when you log in. Here is a screenshot of a margin account on IQ Web. For the more sophisticated trader, Questrade offers a platform to trade currencies, commodities, and global stock CFDs contracts for difference.

With Questrade FX Global, investors can access global markets through more than 15 international exchanges and trade over currency pairs. Questrade Global mobile is available for Apple and Android devices. In this case, the stock CFD tracks the performance of a stock. The advantage of CFDs is they can give you exposure to international companies at a lower cost than owning international stocks directly.

An estimated two-thirds of retail accounts lose money trading CFDs. Questrade is one of the only full-service brokers that allows investors to trade forex. It offers competitive pricing with target spreads as low as 0. Why would you want to trade forex? Markets are open 24 hours and have a low barrier to entry, meaning even beginner investors can get into forex trading.

If you believe one currency will rise or fall versus its trading pair then you would place a trade making that bet. Questrade Global is packed with research tools and insights designed to keep you on top of the securities that interest you the most. A joint account gives you all the advantages of an individual account, plus allows you to pool investments with a group of two or three investors for a bigger stake in the market.

The top competitor to Questrade in the forex broker space is Interactive Brokers. Interactive Brokers offers a similar number of currency pairs along with more than 7, CFDs across global markets. The biggest difference between Questrade and Interactive Brokers is that while Questrade offers competitive spreads as low as 0. Active traders may be entitled to lower pricing based on their trading volume.

Questrade also has a mobile app, and it has gone through a lot of changes recently to make it easier to manage and less clunky. Their mobile app is available for both iOS and Android. You can use the app to either check on your investments or even make trades on the go.

Questrade is as safe as any other brokerage. The company also takes your security seriously: Questrade has numerous technology and infrastructure installed to protect your money. They also care about your privacy: Questrade promises to never sell, trade or share your information with anyone. Signing up for Questrade is a cinch. Questrade excels at taking the hassle out of DIY investing plus saving big on fees. The basic Questrade platform is a breeze to use and accessible online and via the mobile app. Whether you are an index investor making only a few trades per month, or an active trader looking to pick the next hot stock, Questrade has a platform that will suit your needs.

Questrade is focused on low cost trading and has put a lot of their effort into commission-free ETF buys which is a great deal! Each brokerage offers attractive benefits, depending on what investors are looking for. Questrade happens to be the king of low cost investing, but if your number one priority is market research, or to do heavy, active day-trading, then you might find another brokerage better suits that style.

It is basically bare bones so with barely any added benefit. Fees goes up astronomically for a retail client, if you by in volume. Bank sites are way more competitive. It is like paying brokerage fees few decades earlier. So it is not as good as it seems. I have an account with these guys and with TD also. TD gives value as a client in terms of research. These guys give value on retail purchase but do not give a damn that you are one of their earlier clients still remaining with you and have no value for any loyalty for nearly a decade.

Plus this huge hidden costs. Considering to negotiate with TD, if they can match rates and move whole on one account — may be move judgmental.

Was initially very supportive but think as a long term client that they are moving on trend of financial greed than providing overall service. What about trading options? Should it not almost be instant or am I dreaming? What does everyone else use for trading options in Canada if not questrade? Check out our guide to the Best Online Brokers in Canada.

To Keith — u have tried several investment methods including 2 robo if Modernadvisor is robo too. Can u compare with some reference to ur investments having in mind time frames net rate of returns as there r few investors who have the experience of using several investment vehicles like yourself?

As well am i to assume that the last one opened with QT implies that u r not totally satisfied with the others? Am also wondering how net returns would compare in ETF couch style with net returns i get from big bank or good size other brokers who invest mainly in individual stocks and perhaps Kyle can answer this question… or u also may have some imput.

Is there any fees for non-registered account at Questrade? What do you buy while waiting for stock price to be dropped or leave the cash as is without making any interest at Questrade? I have been using Questrade for the past year to implement the Couch Potato Portfolio. You would have to download the monthly statement to get that. Unfortunately neither of these seem very useful to ETF index investors. I opened an RRSP started the application but unfortunately, Questrade informed me that your promo code is not acceptable since I am an existing Questrade client with other products with them.

This is a bummer. Is your promo code the same promo? Is this correct for your promo code? I did so, but the stipulation was that those trades needed to be completed within 90 days of the account being opened, which was never explained to me and had to place a complaint with them. Hi Kyle and Justin — thank you first for all the great resources and articles you provide. I am a trader on TDwaterhouse. I have now setup a Questrade account. I have never set up any kind of TFSA account anywhere. I am 55 female.

Do you suggest a TFSA account and individual self directed account , and should i be trading in a tfsa, like I say never opened one for anything.? Hard to make any individual recommendations based on that info Susan. Most brokerages in Canada and USA for that matter will NOT open a brokerage account if you are a non-resident of the country where the brokerage firm is domiciled.

Welcome to Reddit,

Questrade accepted me after being vetted by their lawyer in the country I currently reside in. Before I opened the account I asked a lot of questions via chat and email. The reps have been nothing but exceptional with responses to my questions regarding account documentation, fees related to opening the account, trading fees, withholding taxes as a non-resident, etc. My account was opened without problem after all the necessary documents were received. I transferred money internationally without problems. I have since made several trades buying ETFs and individual securities without problems.

Recently I posted a comment about the capital gain cash distribution. I just had a chat with Questrade agent, who was very nice and patient. I learned something from this chat that TFSA account does not receive any capital gain cash distribution. However, if RSP or margin account, we will receive a tax slip to claim the tax deduction. So there was not any mistake at all with Questrade. So far so good with Questrade. After a lot of people posted their bad experiences with Questrade, I just checked my account where I only bought ETFs.

However, I found a worrying issue I do not know if it was a real problem. I checked vanguardcanada website and found that VanguardCanada distributed the capital gains as cash for VFV shares. It seems that Questrade did not record the capital gain cash distribution for me. If it was true, it means that I lost a lot of money.