Founded in 2000, QTrade is a Canadian Broker that provides financial investment services via an easy-to-use online trading platform. They offer clients competitive trading commissions and a variety of major account types to suit their investment levels and needs. The broker also provides access to trade stocks, mutual funds, options, IPOSs, ETFs, GICs, and more.
QTrade clients benefit from a wide range of powerful trading tools, resources, and knowledgeable customer support.
QTrade Review Introduction
In this QTrade review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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QTrade Platforms & Tools
QTrade provides their clients with an award-wining and accessible trading platform that makes it easier for them to pursue their investment goals. The broker’s trading platform is available on the web, as well as mobile platforms for iOS and Android devices, which allow traders to manage their investments anywhere and at any time.
With the platform, clients can monitor their portfolio, place trades, get quotes, and follow the markets. QTrade Trading Platform has the following features:
- Multiple Portfolio views
- In-depth Research and analyst’s report
- Stock/ETF/Mutual fund screening tools
- $8.75 and $6.95 stock trades and 100 free ETFs.
- Fast access to the markets
- Use stop-loss, stop-limit, and trailing-stop order
The broker has a good selection of planning and research tools to help traders get access to the right information. These trading tools include real-time quotes, stock screening tools, market news, customized reports, watchlists, Portfolio analytics, and more.
QTrade Research & Education
The broker has an education section on their website that is loaded with investing ideas for both beginners and experienced self-directed investors. It covers margin trading, stock trading tips, investment guides, and to get the most from RSP or TFSA.
QTrade Trading Accounts
QTrade offers a selection of different investment accounts for each client’s needs. Clients can trade stocks through a simple cash account or use leverage with a margin account. For more advanced traders, short selling and options trading are available with a margin account. Non-registered accounts include cash and margin accounts, whereas the registered accounts are: RRSP, TFSA, RRIF, and RESP. There are no inactivity fees chargeable on the accounts.
There is also the Trial Account, which is used to explore the broker’s services and education. It is free of charge for a period of 30 days.
QTrade Account Funding
QTrade accepts only bank transfer for account funding and withdrawals.
QTrade Customer Service
The broker provides traders with a customer support team, who are on hand to respond promptly to general, accouning, and technical questions. They can be reached via a ‘Call Back Form’, email, or telephone — from Monday to Friday, 5:30 am to 5:00 pm PT.
QTrade is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). IIROC is a non-profit, national self-regulatory organization that offers that regulates financial service firms in Canada.
QTrade Review Summary
QTrade is a well-established Canadian brokerage firm that offers a modest range of self-directed financial investment services to clients of all experience levels. The broker provides their clients with a powerful and sophisticated trading platform, a good selection of trading tools, as well as educational materials.
It is worth mentioning that some of the trading products and services in this QTrade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the QTrade broker website which you can visit by using the link below.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.