Users can buy and sell ETFs for free. When any single stock starts moving up in value above a maximum weighting I want to hold, I set a limit order to sell off a portion of those shares at the price that will get me back down to where I want the position to be. This all changed when I tried to pull cash out for down payment on a house. Questrade Portfolio IQ is a passive-active hybrid approach to managing investments. Anyway, here is the step-by-step guide for the newbie scalping trading book dom automated stock trading system in excel on how to set up a stop limit order. Questrade is best known for offering rock-bottom commissions for trading stocks. He still said I was wrong. Took the guesswork out of trying to figure out just how many shares to subscribe. I had a number of incidents with them, all resulted from negligence on their. I questrade buying hours a limit order to buy at 35 means if many other people have had issues with withdrawing funds from Questrade. Agree with you Christian, Extremely poor experience with their customer service, being put on hold for hours and not receiving call backs for WEEKS and when they do call back its at the exact times you told them you were unavailable. An order of,. Finally, Questrade has created an online security Guarantee. And to try to do so using options? I could never figure out how this might work, and you clearly indicate otherwise as. Jasper on August 2, at pm. However, we expect to see Questrade supporting American retirement accounts in the next few years. Henry on July 12, at am. By Martin Baccardax. Right now, the platform is best for Canadian investors.
The user comments for Questrade have largely been negative and gives me pause before executing my purchases for fear of some complication, like a lag time between transfers where the stock price fluctuates and leads to over-contribution penalties in my TD TFSA. I spoke with someone and explained that I was on the road and he put me on hold and then came back and confirmed best stocks for intraday trading india best free day trading tools they would give me until 1pm EST. Rather than roll these fees into our trading commissions and have higher commissions, we charge each trader who incurs a fee directly. I had enough to receive 3 new shares with the DRIP. Canadian Couch Potato December 15, at am. Avoid Questrade at all costs. JD Power is considered to be a global leader in consumer insights, advisory services, and data analyses. I sent to her all my stock list dmo stock dividend history market liquidity and firm dividend policy, with all the dividend payement and also I sent to her how I was calculating. Otherwise they risk not getting filled at all. He still said I was wrong. I find Questrade absolutely unfathomable and while I am not a savvy investor, I am not a financial dolt .
This can prevent some nasty surprises. No matter how close or far I am from the Bid or Ask price… Also, if your order is say shares, they will usually be split filled, one chunk is shares with no ECN fees, the other chunk of 50 which will be charged ECN fees. The last one still unresolved was about FTR shares on my account. Just spoke to CS and they told me Questrade charges 1. Henry on July 12, at am. Looking for administration fees? With Questrade, you get some of the lowest administration fees in Canada. Even though I had read the initial primer on purchasing or selling, when it came to setting the limit orders, I had somehow slipped into the error of thinking of the limit order as a bargaining chip, as Dan has specifically cautioned against. Very poor service. As I mentioned in the post, I recommend Questrade for beginner investors and for more frequent traders. Occasionally getting burned in the past with promo bonuses, I decided to also call Questrade with the same question. There were a few minor issues along the way such as stock prices being incorrect after a purchase or currency exchange not being executed etc, which CSR solved. Jeach on May 1, at pm. If any of these things are a surprise to you then you probably should not be trading. John — Team Questrade. Young Written by Young. After a while I got fed up so I decided to try it with an IE browser. However, now I am about to reconsider TDW. John — Team Questrade, Questrade, Inc. Mike I use to love Questrade… but ever since they now charge me inactivity fees, I no longer endorse them!!!
I could never figure out how this might work, and you clearly indicate otherwise as. What confuses me is that the bid price is what buyers are willing to pay… Why should I pay more than what others are willing to pay? Matt: The market makers only create new ETF units when there are huge new inflows of cash. Not just in my opinion, but in the opinion of many Canadian financial experts. We pride ourselves in being fully transparent. July 5, at pm. You intraday options writing forex stochastic rsi strategy make sure you never get charged this fee simply by purchasing one ETF during those three month stretches. Most everyday investors in Canada will be best served by using this account to invest in Canadian-dividend payers my Smith Maneuver account for example or other Canada-based ETFs. Very handy! Michael on January 11, at pm. Of course it coinbase buy options sites to buy bitcoin wallet so much more than that, and can be used to shelter the same wide variety of investments as the Questrade RRSP account does. My question would a market order been better in this circumstance as I would have sold all shares? Young Written by Young. RJ: Great question that I will deal with in my next post!
As per the U. I wonder if many other people have had issues with withdrawing funds from Questrade. FT on June 28, at am. John — Team Questrade. I also use Questrade and have gotten in the habit of placing limit orders at the bid price when buying and ask price when selling in an effort to reduce ECN fees as the order will not fill immediately, but on widely traded ETF regular volatility usually results in it being filled within 10 minutes or so. Did you transfer the shares, or you sold everything, transferred, and bought everything back at the receiving broker? The company invests in low cost exchange traded funds, and they use an asset allocation approach to management. Posted in Investing and tagged Investing. Jim on December 21, at pm. The exchange will always fill your order at the best available price. My first couple of trades I had used limit orders based on what I read on this blog and in your book, but then I realized I was paying higher commissions and changed to market orders. Log into www. Looking for administration fees? High fees eat into your returns. Jasper on July 11, at pm. Also, I believe, IBC has, by far, the best mobile and standalone application. If this is the case though, why do we have to worry about second level quotes. Dave — Yes, Questrade was the first to offer a U. Kyle Prevost on November 22, at am. Special Request Following is a list of fees that we will only charge if or when you do a specific action.
Ready to open an account and take charge of your financial future? Canadian Couch Potato December 17, at pm. Let's start off by defining what the heck this is. I just been recently having problems with them for the last 3 penny stocks list in indian stock market how to pick and trade stocks. Well, in that case you might as well donate your money to charity, because you obviously won't be holding it for very long. Read this post for more information on using limit orders. Just want to warn people about this horrible platform. Trade commissions are charged by a broker when you buy or sell certain investments. Order duration: You must choose the length of time you want your order valid. Jim on June 19, at pm. Oldie December 17, at pm. If a request is rejected, the fee is non-refundable.
Account: If you have multiple accounts i. Trying yet another product, that one takes forever to load white web page for a few minutes till I cancelled it. Avoid Questrade at all costs. It might be the fees. The potential for harm is much greater with market orders. Pat on February 26, at pm. Otherwise they risk not getting filled at all. Market orders, on the other hand, take away liquidity from the market place. Welcome to online trading. The U. Russ December 15, at pm. Are there any other hidden fees? Questrade is great if you are only making a few trades here and there, but if you will be trading regularly I would suggest TD Waterhouse. Questrade really sucks big time now! After that, I set up a stop limit order on some Telus TSX: T shares prior to me going away for holiday I set it so that I could preserve some gain on the shares I owned — then it backfired on me because it dipped that day to the trigger amount, and then continued to climb, climb, climb, and climb even more I bought some shares back at a higher price, but had I not set it for that amount, I would have done quite well for myself with Telus. For 3 months now, I am suppose to get a monthly dividend on 20th or 21st. Jasper on July 11, at pm. That's where the leverage comes in for the big score. Is investing my money through a Questrade online brokerage account safe? Bet Crooks on April 8, at pm.
So I can now put a big cross on that platform! They respond but nothing ever gets done to correct problems. If this is the case though, why do we have to worry about second level quotes. If your precious metals are stored separately from other customers' metals, please contact us for shipping and insurance fees. Unfortunately in your case, your proof of deposit was sent to us after the deadline we provided, so your shares were subsequently sold to cover the margin. Jasper on July 11, at pm. I see lots of complaints, but understand, its the people with complaints that will post to a forum, not those that are content. If the market goes up your entire order will not be filled. As I always do, I called them immediately what stocks does warren buffett bought recently daily breakout bull flag momentum trade ideasscanner well to ensure that it was received and things were okay. This year, in March ofthey scooped that award for the 9 th year in a row! William on November 19, at pm. Bad design choice guys! I remember in another post you stated the ETF iitself will just issue more shares at the going rate? There is another low fee alternative in Canada, have a look at our Questrade vs Wealthsimple comparison. He began discussing something else, and then right there as I was on the phone with him after talking with him for approx. They do not include ETF buy trades as there is no commission charged for. As you can tell from this Questrade review, Questrade has a lot going for it. S ince the CIPF was founded in is egdff a penny stock cme futures trading education, no eligible customers have suffered a loss of property. Peter September 27, at pm.
Very poor service. If you have more than one child, you can combine their contribution room into one big easy-to-manage Questrade Family RESP account which is also free to open with no annual fees. The other thing that bothered me somewhat was that they are constantly changing their platform and tools. Patrick's Day, March So it would be great if you could very briefly summarize any information like this on the main website. I never received the dividend this month yet. The answer: Yes! New units are typically created in blocks of 50, Executions are a mixed bag. Free Signup with Special Promotion. Log into www. Account: If you have multiple accounts i. Maybe the quote you obtained was stale, or perhaps the price of the ETF will move during the minute or two it takes to make your calculations and enter the order details. Thanks, J. They do not run their own in-house reviews, but rather rely on customer feedback which, I think, says even more about the quality of this ranking.
Moreover, with thinly traded ETFs pricing anomalies can occur if, for example, your order is the first of the day. In other words, the higher limit order did not automatically limit you to a higher price which may have been the unconscious fear of those trying to finesse the limit order price. Please send us an email with your contact information to feedback questrade. My house almost fell through. On the Canadian stock exchange, the stop and limit price must be of the same value, says Questrade. Also missing all the dividends yes they are eligable dividends for one company. Their tax slips and customer service times are also Kafka-esque. Let's start off by defining what the heck this is. Questrade was the first online discount brokerage to allow investors to hold USD in a registered account. Bidding at the ask price ensures your purchase. Savs on January 14, at pm. Instead, like just about everyone, they want to be big brokers and end up developing a ton of features which only a small percentage of traders use… but everyone has to pay for. The fee is charged upon Questrade's receipt of the request. I also had the mistaken idea that limit orders were an opportunity to get a bargain or pay too much, depending on where you set the limit. They do not run their own in-house reviews, but rather rely on customer feedback which, I think, says even more about the quality of this ranking. Darren S. Unfortunately in your case, your proof of deposit was sent to us after the deadline we provided, so your shares were subsequently sold to cover the margin call. Martin: Market orders are definitely less of a risk with large, frequently traded ETFs. I remember in another post you stated the ETF iitself will just issue more shares at the going rate?
I currently own one stock. It can be tricky to figure out how to use a new trading platform. Well, in that case you might as well donate your money to charity, because you obviously won't be holding it for very long. Excellent Customer Service. We apex binary options trading opstra options strategy all feedback to heart and will work with best stocks without broker intraday strategy to investigate and resolve any and all issues. If you put in an order to buy or sell 50 shares, this type of order is a non-marketable order and will be charged an ECN fee. Thank you, David — Team Questrade. Below you can find a myriad of screenshots we have gathered from Questrade's website which will be soon replaced by more exclusive imagery we are working on it! Fortunately, I have a large enough account to get the same fees at any other broker, and should have listen to the others when they said leave when I reached that level. Dave on February 10, at pm. More advanced order types such as trailing stops and stop limits are also available for experienced traders.
I liked the IQ platform. Completely ignoring It adds to liquidity, and they will pay brokers for providing that liquidity. Commissions Trade commissions are charged by a broker when you buy or sell certain investments. I do have a quick question though… In previous posts you have mentioned about ETF market makers creating and redeeming units depending on supply and demand this was in the context of liquidity. Those ECN fees drive me crazy, because I always feel like the way Questrade describes it, its something I have done wrong, and I should have done something different to avoid those fees. I plan to maximize my TFSA in the coming months, diversified over 25 stocks. I was stressed beyond belief as all the papers were already signed. That's why a stop loss offers greater protection for fast-moving stocks. Now, Penson is gone and they have their own clearing house. Hard one to answer — one of the banks probably TD , but to be honest, all the banks trading platforms suck, so if you want to self manage, not sure the best route. Martin December 15, at pm. You have the same options here. William on November 19, at pm.