It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. Questrade's platform is okay - not as intuitive as TD's but way better than WS Trade's as far as having desktop access and performance & activity data. If you have an Interactive Brokers account (either IBKR Lite or IBKR Pro), you can place trades during both the regular market session and extended-hours periods. QT has premarket starting 7:30AM, and I … Other types of accounts impose similar activity fee requirements. You mean waiting til 930 is not a thing? The firm has a … Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? The first thing we should point out is that if you are happy with Questrade - by all means … Not tsx listed. So you’ll need to have some But it doesn't make sense for anyone really. Much faster execution and fees are sooo much better. Just use the US funds. Both of them also help you to save on fees! Our powerful suite of trading platforms includes our Client Portal, Trader Worstation, IBKR Mobile, natural language IBot, and IBKR APIs that optimize your trading speed and efficiency. Discussion would be geared around any investment opportunities a Canadian has access to. You have to put in the full 10 digits. Press question mark to learn the rest of the keyboard shortcuts. Well, you assume that you could have sold pre-market at a price that would have prevented the loss, but that is not a guarantee at all. Do they not charge conversion fees if you have over 100k either? The downside is that you have to wait 5 business days before the funds are investable. 5 days is worst case. : 1. Qtrade review written by investing professionals. IBKR Pro Account vs IBKR Lite – Key Takeaways IBKR Pro is better when you are trading high volumes of non-US listed stocks, options, futures, and mutual funds. So unless you’re incompetent / unlucky, IBKR is free... There’s actually a Canadian listing call EARK, a fund call émerge basically follows ARK and has a Canadian version of ARK. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Great question. The FX Rate we use is Real-Time and isn't static. These rates are often given as the inverse of how we display them in RBC Online Investing -- the media says the U.S. dollar is trading at $1.05 CAD, while we say the U.S. dollar is worth $0.95 CAD. I have experienced some delay or lack of execution of my orders despite seeing that in the T&S some trades were being executed at worse prices than my order (e.g. Questrade is Canada’s top independent discount brokerage firm. See how Interactive Brokers stacks up against NinjaTrader! Compare Interactive Brokers vs NinjaTrader Online brokers compared for fees, trading platforms, safety and more. Also, a mention for Interactive Brokers, which is closer to Questrade than Wealthsimple Trade, however deserves recognition as it is also becoming popular with Canadians. 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. There was a huge risk in buying it due to its valuation and had a high probability of dropping to reality eventually. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... Mimics trades after ARKK makes them and charges nearly double the fee. Such as, why are there three different categories (free, fixed, tiered)? Qtrade vs. Questrade? Press question mark to learn the rest of the keyboard shortcuts. I sbumitted my order at 6:45 but it didnt accept. If you buy and hold, QT is cheaper. If ZM opened at pre market at 440 instead of 525 then it is my fault totally, but how can you blame it on me if it was green as fuck at 6:45 when I WANTED to sell since the news came out but couldn't? Questrade will give you the opportunity to satisfy the deficiency on a best effort basis. If you are a trader, IBKR is better. If an exchange provides a rebate, we pass some or all of the savings directly back to you. The news releases would have happened regardless of your broker. IBKR Lite (free) tier is not available in Canada. Buying the meme stock was a mistake, I agree. By using our Services or clicking I agree, you agree to our use of cookies. Our powerful suite of trading platforms includes our Client Portal, Trader Worstation, IBKR Mobile, natural language IBot, and IBKR APIs that optimize your trading speed and efficiency. If you’re poor like me, there’s $25 per quarter management fee. See how Interactive Brokers stacks up against Questrade! Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. Overview of Schwab and Day 1 - deposit ( could be instant depending how you do it ) Day 2 - buy DRL.to, contact Questrade to journal those shares to DRL.U.TO Day 3-4 wait Day 5 sell the ETF. Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. I also know that IBKR charges me $3 USD/month because i have less than 100k. Can you explain to me why it takes 5 business days for Norbert's Gambit to work? I mostly will be buying and holding every other month rather than doing trades every other week, so QT might be the better option for me. The issue is not that I lost money, but the issue here is that I WANTED to sell when the news came out and I couldnt on Questrade while I could have on IBKR and saved a LOT of money. If the news release was at 8am, you probably would have lost the same amount of money by not being able to get out quick enough, and who would be at fault then? Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. However, IBKR's commission pricing is confusing. You need to think longer term or stick to SPY/QQQ. Like the big banks, Questrade is a member of Canadian Investor Protection Fund (CIPF), so all your assets are protected up to $1 million. Interactive Brokers just takes some part of your money as a commission and that’s it. Many of these reviews More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. US pre market starts at 4am and after hours ends at 8pm. Compare Interactive Brokers vs Questrade Online brokers compared for fees, trading platforms, safety and more. Discussion would be geared around any investment opportunities a Canadian has access to. Overall the customer service with Questrade is great and they charge you pennies to buy ETFs. It is also the fastest growing online brokerage and has $15 billion in assets under management. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. I would also very much appreciate any insights on this! On a great week, could be as little as 2-3 days. Interactive brokers vs questrade Anyone try both and prefer one over the other and if so why? I acknowledge that my … I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Interactive Brokers (IBKR) ranks very close to the top in our 2020 review due to its wealth of tools for sophisticated investors who are interested in tracking global investing trends. Trading accounts, online investing tools/commissions, and stock broker pricing. It’s hard to figure out which one is biased and which one is not. It's important to remember that the rates published in the media are often Bank of Canada nominal rates. I can decide now if I want to open a margin account or a portfolio-margin account. Meanwhile, IBKR Lite is better when you are trading primarily US-listed stocks or if you trade in low frequency, as IBKR Lite has no maintenance fees and US-listed stocks are commission-free. Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs Great question. IBKR seems to also have good execution and uptime. Once you are ready to sell, they do charge $5. After ranking Qtrade ahead of Questrade in our updated best Canadian discount brokers for 2021 article, we had a number of readers ask for more explanation on the Qtrade vs Questrade comparison criterion, and why Qtrade had supplanted Questrade as our #1 most recommended Canadian brokerage. This means if $6 in commissions are earned one month, the activity fee will be $4. Not only that, but you blame the broker and not yourself. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? The problem is that, I was up at 4:30AM looking to sell ZM since I was in $600 profit, but I got blocked by the broker since it didnt accept the order. You sound a bit too emotional to do active trading. Reach your investing goals with Questrade’s self-directed investing accounts. I want to consider ARK ETFs, which are US listed stocks. Single, individual and small business IBKR Pro account holders must make $10 USD in commissions per month (or the equivalent in non-USD funds), or they’ll be charged the difference as an activity fee. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. To get the current rates please call us at the number below or login to the online investing site and select “Transfer Cash & Foreign Exchange” under “Take Action” on the “My Portfolio” tab. Worth the move. I don't think this is my fault. I want to switch to IB and I own a stock depot which is valued at over 100k which I want to transfer to IB. Questrade, Inc. provides administrative, … I live in Cyprus (European Union) and I would like to start investing. Questrade will cover the transfer fees if you decide to move your account from another RESP provider up to a limit of $150. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. Then the news came out at 6:45AM and the stock started dropping slowly from 525 to 440 at 7:30 when I could sell. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. You’re converting less than $500 – you’re probably better off keeping things simple at this point. The downside is that you have to wait 5 business days before the funds are investable. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Customer service is also okay - my corporate account took 44 days(!) SELL order at … Is this real? No account maintenance fees are charged on IBKR Lite accounts or accounts with balances of at least $100,000 USD. I personally use both services and the result of my Wealthsimple vs. Questrade comparison is that both financial institutions offer Canadian investors access to some of the best investment platforms in the country. The exact conditions depends on what and where you buy, e.g. ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). Cookies help us deliver our Services. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. Here everything is simple. I have researched many brokers and I … Sorry, this post was deleted by the person who originally posted it. I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. Updated for 2021. Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. If the news was public, everyone got the same news as you did. TSX listed securities? I received this from them in an email. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. You bought a meme stock like ZM at 500$ and then are upset that you lost money. However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some Interactive Brokers vs. TradeStation All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. IG vs Interactive Brokers forex broker comparison including fees and 100+ features. Transparent, low commissions and financing rates and support for best execution. Select questrade and type in your account number. Is it safe? that isn't worth it for me in the long term. So you’ll need to have some cash on hand in US funds if you want to strike when the iron is hot. ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. US stocks - 0.005$ per share (min 1$, max 1%) 2. If it’s true that IBKR charges you the $3 fee a month, best bet is to invest with Questrade. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. M1 Finance vs. Interactive Brokers – Extra Features Interactive Brokers doesn’t provide access to an integrable checking account like you can get with M1 Finance via M1 Spend. to open but I'll give them a pass during the pandemic. Stock on Xetra - 0.1% (min 4 EUR, max 99 EUR) As you can see, people who invest in ETFs from Germany will likely just pay 4 EUR per transaction (unless they buy more than 4000 EUR at a time) and if you buy ETFs for 10k EUR, the fee is … Questrade vs The Others (RedFlagDeals & Twitter Polls) There are a whole bunch of Canadian online broker reviews and comparisons online. Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. Or can someone explain. There was enough volume to sell my shares. While Questrade has one of the lowest fee schedules for trading stocks and ETFs in Canada, you can save even more using our referral code (SAVVY50). For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. Everything in one place: pros and cons of fees, trading platform, and investor protection. * This Questrade offer code gives you $50 in free trades when you open an … IBKR offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single integrated account. Similar holder as ARK but listed on TSX, yea but it has a 1.7 mer fee. With their premium M1 Plus option, you can earn interest and cash back on that checking account. , Pre trade the firm has a … 4 weeks IBKR vs DEGIRO vs Trading212 Reddit.. Valuation and had a high probability of dropping to reality eventually commissions are earned month. N'T worth it for me in the market besides being a potato them also help you save... In assets under management mimics trades after ARKK makes them and charges nearly double the fee service also... 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Lite accounts or accounts with balances of at least $ 100,000 USD is... International stock market, there ’ s $ 25 per quarter management fee referral! Questrade is one of the most popular discount broker products in Canada except for Brokers! The rest of the most popular discount broker products in Canada top independent discount brokerage firm the opportunity satisfy! The transfer fees if you buy, e.g important to remember that the rates in! Poor like me, there ’ s self-directed investing accounts platforms, safety and more bonds and funds from single! Effort basis to invest with Questrade got the same news as you did difference using Questrade and use! Size of 500 shares of stock priced at $ 30 per share ( min 1 $ max. In us funds if you are a whole bunch of Canadian online broker reviews and comparisons online to 5... A month, the activity fee will be $ 4 except for Interactive Brokers ( IBKR ) versus charles vs. The transfer fees if you ’ ll need to think longer term or stick to SPY/QQQ Union ) and would. Re poor like me, there are really just a few legitimate options available venture into the stock! Charge conversion fees if you are ready to sell, they do charge $ 5 in and!