{"id":336193,"date":"2024-01-02T11:06:00","date_gmt":"2024-01-02T16:06:00","guid":{"rendered":"https:\/\/milesopedia.com\/?p=336193"},"modified":"2024-05-31T14:40:09","modified_gmt":"2024-05-31T18:40:09","slug":"questrade-review","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/products\/questrade-review\/","title":{"rendered":"Evaluation of Questrade: Canada’s largest independent online brokerage firm"},"content":{"rendered":"

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Questrade<\/b><\/a> is an investment dealer that opened its doors in 1999. Over the years, Questrade<\/a> has become the largest independent broker in Canada. <\/b>The company has $30 billion in assets under management and is a 12-time winner of Canada’s Best Managed Companies list.<\/p>\n

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As you will see below, Questrade<\/a> offers several products and services, such as self-directed investments with the brokerage platform and professionally managed active investment portfolios. What’s more, Questrade<\/a> sets itself apart from the competition by offering an impressive variety of individual, joint, corporate and trust accounts. In 2023, Questrade<\/a> made a big splash by being the first online broker in Canada to offer the First-Home Savings Account (FHSA<\/a>).<\/p>\n

Whether you’re a novice or an advanced investor, Questrade<\/strong> has the trading platforms and analysis tools to meet your needs.<\/p>\n

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The Questrade<\/a> online brokerage platform offers a wide variety of products and services. Firstly, Questrade<\/a> offers a self-directed investment service<\/b> (Questrade Trading) and a professionally managed investment portfolio service<\/b> (Questwealth Portfolios).<\/p>\n

Next, Questrade<\/a> offers several types of investment accounts<\/b>, including margin accounts, registered accounts (TFSA<\/a>, FHSA<\/a>, RESP<\/a>, RRSP<\/a>, RRIF, etc.) and corporate accounts.<\/p>\n

Subsequently, Questrade<\/a> enables trading in a wide variety of investment products<\/b>, from safe investments such as guaranteed investment certificates (GICs) to more volatile asset classes such as equities, exchange-traded funds (ETFs) and options.<\/p>\n

Finally, Questrade<\/a> offers several trading platforms<\/b>, including an online trading platform (Questrade Trading), a mobile application (QuestMobile) and an advanced trading application to install on your computer (Questrade Edge).<\/p>\n

Here’s more information on each of Questrade<\/a>‘s products and services…<\/p>\n

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Questrade Trading lets you invest in the stock market yourself, using a variety of trading platforms, investment products and account types. <\/b>With the help of Questrade Global, you can also invest in commodities and foreign exchange (Forex). Questrade charges no administration or inactivity fees, and trading fees are among the lowest in Canada.<\/p>\n

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Questwealth Portfolios is a professionally managed investment portfolio service from Questrade<\/a>.<\/b>Management fees are 0.25% per year (or 0.20% if you invest $100,000 or more). With management fees of 0.12% for the ETFs held in the portfolio, total fees amount to 0.37%. This service offers automatic portfolio rebalancing when necessary.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Investment account types” font_container=”tag:h3|text_align:left” el_id=”investment_account_types”][vc_column_text el_class=”checkmarks”]<\/p>\n

As mentioned above, Questrade<\/a> offers several types of investment accounts.<\/p>\n

First, here are the most popular accounts<\/b>:<\/p>\n