Questrade Reviews & Insights

Questrade is a trading platform that is supposed to help with achieving this goal. It is a discount brokerage that is supposed to help trading for low rates on international markets.

I feel that Questrade was a completely waste of time! In my experience, they couldn't onboard me for a few weeks, then I wired them 25k, which they refused to deposit, requesting additional documentation. I sent the documents on the same day, they were "pending" for two weeks. In my experience, I followed up with their support, they returned a canned email. Eventually, the money was returned back to me, the documents are still "pending" as of this writing, months after submitting.

It helps me to manage my Canadian Investment with no Commissions and fewer brokerages. Tax-loss harvesting also helps me save tax on the capital gain.

It helps me in managing my Canadian portfolio which includes stock-specific investments and ETFs as well. They charge no commission or very little commission on some specific trade.

I use Questrade to manage various portfolios, on both registered and unregistered accounts. The scope of my use case is being able to buy/sell securities, manage the various portfolios, and track monthly realized/unrealized P&L to advise on future investment strategies/decisions. Questrade makes this all very simple to do with its easy-to-follow user interface and great customer support.

Questrade is very well-suited for personal investing, both on registered or unregistered accounts. Questrade will do the registration work for you for its registered accounts, which is a nice plus. Questrade is well-suited for beginners who are looking to get into investing as its interface is very easy to follow. Some scenarios where Questrade may be less appropriate are for those who rely on technical trading indicators as this is not a free feature on Questrade, as you get delayed quotes on the basic Questrade. Further, if you are going to be making a lot of trades and will have to report taxes, Questrade may not be ideal as the tax reports do not show ACB, and thus, this would be up to the trader to track themselves and report on.

I use Questrade for my stock and options investing. The platform is easy to use and has low processing fees, so even if you're investing with small amounts, you can still make profits, without losing your gains with investment fees. The phone app and desktop version work very well together.

Questrade is best suited for the new investor, that can invest in stocks that they know. Options investing is also available, but only for those that understand options investing.