This brokerage company originated 21 years ago in Canada. The company offers to invest its funds in portfolios and also gives investors the opportunity to trade on their own.
Squared Financial claims to have licenses from recognized general suppliers, as if it makes them a trustworthy internet broker. The MT4 trading platform is well-known in the industry, and its educational center and language selection make CFD trading available to traders all around the world.
If the required investigations are conducted. Questrade, on the other hand, safeguards the interests of investors as a member of the Canadian Investor Protection Fund. This means that the trader will not lose money in the event of unanticipated situations such as the company’s dissolution or bankruptcy.
The company offers a web version of the platform for use on all devices. It does not require any downloads, simply go through a simple registration process which takes no more than 5 minutes.
The platform has a clear design and all functions are intuitive. It has access to historical data, which allows the trader to determine the current trend of an asset. Chart type is also available (3 types in total). There are about 10 timeframes. Indicators for the construction of charts are also available in large quantities on this platform in the number of several dozen.
Questrade IQH, the platform for prprofessional participants of the market has a greater functionality than the previous platform, including the possibility to open multiple windows, there is an opportunity to use various filters. In this platform it is possible to open various types of trading orders (multi-element, conditional, bracket orders).
Qustrade Global is primarily designed for clients who prefer to trade currency pairs and CFDs. Also available are various indicators, all options for the correct charting, plenty of reports and watch lists.
Company offers a very large assortment of currency pairs (more than 100), inex, stocks, ETFs, precious metals, Eurobonds, CFDs, etc.
The level of experience of the trader affects the commissions. Initially, all accounts will be charged a cost of $0.01 per share, which will range between $4.95 and $9.95. When purchasing an ETF, there is no fee; nevertheless, when selling the same asset, the company must pay a fee.
You can purchase the Advanced Package for $19.95, payable monthly. In this package, all commissions above 48.95 will be zero.
There is a next package for active users for $89.95 with a monthly fee or no fee or discount. There will also be level 1.2 streaming available to the customer and a lot of other useful data.
Please be aware that if the contract is near to expire, the company may charge a price for the CFD, as well as other administrative expenses. Prepare to pay $24.95 (if your account balance is less than $1000) if your trading account is down.
The leverage is quite small, the reason for this is regulation by a serious Canadian regulator. The leverage size is 1:3.33
The company offers trading options on four levels with volume up to 25000 Canadian dollars.
Following the current trends, the company offers a downloadable mobile application, the functions of the mobile application are virtually the same as the web version of the platform.
The company promotes e-payment and there is no commission for these payment methods neither for depositing nor for withdrawing profit. Also, the company is ready to accept payment by check or wire transfer. In the case of bank transaction be prepared to pay an amount ranging from 20 to 40 dollars. On average, payments come within 2 days. This, of course, depends on the payment option that you choose.
A demo account is a great opportunity to practice, build your strategy, to learn the tools, indicators, in general, the company’s approach to trading. It’s all without any risk for your finances. Half a million dollars for 3 months is provided for browser trading and desktop version. For clients who use a Questrade Global account, a demo account is available for one month with a $100,000 CAD balance.
The company offers promo codes. If you deposited your account initially with 1000 CAD, you will get a zero commission for the first 5 trades. The second promo code is for experienced traders; with a $25,000 initial investment, the client will receive a $0 commission after one month.
The materials offered by the company are not only for beginners, but also for professional users and include articles, blogs, and the opportunity to participate in webinars on various topics. A calculator is available for clients who take care of their pensions where you can plan and view the amount of payments after retirement. There is a detailed description of the strategy to minimize risks, stop loss and take profit instruments, etc.
Questrade offers to make money on initial public offerings of various companies. You will find information about the upcoming IPOs on the company’s website.
The client can choose the trading account and note that the minimum entrance threshold to the exchange is 1000 dollars, which is high enough in comparison with the closest competitors.
You can generate income through margin trading or use different options for investing in ETFs (commission-free). You can create a dividend reinvestment plan for yourself. Pension accounts can use your retirement fund produced by your employer to generate income.
You can transfer your funds from any pension account to this account. It is possible to create a future for your children. You can set up savings for higher education for your child. You can be an investor not only as an individual, but also as a legal entity.
The company does offer many programs: investment savings , independent trading. If you don’t have time for independent trading activities, pay attention to the Questwell account, in which case your funds are managed by a team of analysts, in which case you can also choose the direction of your account, whether it is a retirement account or margin trading, it does not matter. Different investment portfolios with varying degrees of risk are available to you.
To contact the customer support team, you can use the live chat feature that is built into the platform, you can call the hotline, or you can make a visit to the head office in Canada.
Support staff will help you in solving any problems, because their professionalism is regularly checked by both the company’s management and the regulators. They will help you in case of technical problems as well as in case of help with opening or closing your account. At the same time it’s worth to pay attention to the list of more common questions and answers.
The company guarantees absolute security of all personal data, money transfers. There is a 2 step authentication process to enter the platform, the trading platform is encrypted and uses a SSL digital certificate that allows all of your transactions through a secure channel. You can also activate a setting that will help you receive alerts when you login or attempt to login to your account.