Avoid Using Questrade Until You Understand This Important Information

by | Apr 17, 2024 | Spousal IRA | 18 comments

Avoid Using Questrade Until You Understand This Important Information



If you want to check out Questrade, use the link above as it helps the channel! 🙂

Questrade is a great platform, but like anything – Questrade isn’t perfect. I do not think you should use Questrade until you know these answers to some of the questions around Questrade I asked in the video – but if you do know, they go right ahead!

Questrade is one of the best platforms but a great alternative is Wealthsimple trade which you can check out here!

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Questrade is a popular online brokerage platform that allows users to trade stocks, ETFs, and other investment opportunities. However, before diving into the world of Questrade, there are a few important things you should know.

First and foremost, it is crucial to understand the fees associated with using Questrade. While Questrade offers competitive fees compared to traditional brokerages, there are still costs involved in trading. These fees can add up over time, especially if you are an active trader. Before using Questrade, make sure you are aware of all the fees and how they will impact your overall investment strategy.

Secondly, it is important to understand the risks involved in trading on Questrade. As with any investment platform, there is always a level of risk involved. It is essential to do thorough research and understand the market before making any investment decisions. Additionally, it is important to have a clear understanding of your own risk tolerance and investment goals before using Questrade.

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Another key factor to consider before using Questrade is the level of customer service and support provided by the platform. While Questrade offers a range of educational resources and tools for users, it is important to ensure that you have access to help when you need it. Make sure to familiarize yourself with the customer service options available to you and how to get in touch with support if you encounter any issues.

Lastly, it is important to understand the platform itself and how it works before diving in. Questrade offers a range of features and tools for users, and it is essential to take the time to familiarize yourself with how to use them effectively. This includes understanding how to place trades, use technical analysis tools, and interpret market data.

In conclusion, while Questrade can be a valuable tool for investors looking to trade online, it is important to do your due diligence before using the platform. Understanding the fees, risks, customer service options, and functionality of the platform will help you make more informed decisions and get the most out of your investment experience. By taking the time to educate yourself and prepare before using Questrade, you can set yourself up for success in the world of online trading.

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18 Comments

  1. @siddhartsharma-nb9rf

    Hey, I wanted to ask can I start trading options from questrade with only 500$?

  2. @edsonarantes7500

    My last trade was a bit of disappointment as my trailing stop didn't trigger and I lost 5 grand.!

  3. @martycurtis7090

    My wife and I are going to retire soonish, by which I mean sell off our businesses. This means no more business income (we've always taken dividends). We have plenty of cash right now, will have plenty more when we sell the businesses, and even more when we get inheritances. We have $400K(ish) with an investment firm now that is invested in dividend paying stocks and fixed income products, but the fees are pretty high, so I am exploring options.

    One thing I don't understand, and need to know, is if I move all my noney into QT and invest in ETF's, mutual funds, high quality stocks etc (a mix of dividend/interest paying) where/how do I get the dividend/interest payments that I want to live on? Is there a separate account type within QT that I have to open up?

  4. @click2invest01

    Too expensive.
    Interactivebrokers is 1dolar per trade, questtrade 4.5… to much

  5. @ChrisCaledon

    I heard the word FREE several times but, really only understood it was free to buy ETFs. Everything else costs you minimum of $5K, like Bonds/GICs… I've invested $8K and now have less in the account.

  6. @arathaemaxus5250

    It’s horrible. The numbers are always wrong. Shows a loss on P&L but do the math and all my positions add up to profit, P&L might show $100 gain and account is only up $1. It’s horribly confusing and I’m switching to Interactive Brokers asap

  7. @Lilxblue

    You got me to subscribe and like 🙂

  8. @vxce

    My tfsa suddenly vanished do you know what could be the cause of that ?

  9. @cohenwhittaker1902

    Bruh this video is sponsored by quest trade what kind of tactic is this lol

  10. @trinaturcotte6202

    Interesting, but talks way too fast for newbies

  11. @alanv3185

    Is IBKR Das Trader better than Questrade's Edge for day trading?

  12. @xtasktaste0

    What about the ECN fees? Questrade pass on the ECN fees to the users which could add up to a lot.

  13. @Chester-lw5ov

    Have Questrade account and money on the US side. Is there a money market type asset to hold money in that pays a reasonable rate of interest (similar to CDN GIC's).

  14. @YiLi-xs6ft

    their questtrade edge is the most updated pos ever. not good for day traders at all. would not recommend. it's for ppl who want to buy once and hold for 10 years

  15. @archie5385

    Does anyone have an app in Canada that has no delay in trading? Wealthsimple has 15 minute delay. I like to day trade

  16. @ampoo86

    Questrade Brokers Removed the AMC Buy Button after the R-Split ……….

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