In this article, we’ll review our overall rating for Questrade, highlight the pros and cons of Questrade, and go over the different types of products and services available on the trading platform. We’ll also walk new users from Canada through the signup process with our step-by-step guide.
Known for low fees and great customer service, Questrade has established itself as one of the leading online trading platforms in Canada.
The Questrade app allows Canadians to manage their investments, track their portfolios, and buy the best Canadian stocks on the go but the company also has several other products and features for investors of all experience levels.
Read on to learn more about Questrade and the Questrade app.
How To Get $50 In Free Trades At Questrade
- Click here to sign up for a Questrade account
- Fill out the required documents with accurate personal information
- Add funds to your Questrade account
- Receive a $50 trade commission rebate to invest in the best Canadian stocks
Questrade Rating: ⭐⭐⭐⭐⭐
Overall, the Questrade app is well-designed and user-friendly with a clean and intuitive interface.
The Canadian investing app offers a wide range of features and tools, including real-time quotes and market data, as well as advanced charting and analysis tools.
It also allows users to set up alerts and notifications for price movements and other events, along with access to a variety of educational resources and research reports.
|
Questrade Features |
Rating |
|
💵 Pricing |
⭐⭐⭐⭐⭐ |
| 💻 Customer Service |
⭐⭐⭐⭐ |
|
📈 User Experience |
⭐⭐⭐⭐⭐ |
| 📱 Mobile App |
⭐⭐⭐⭐ |
|
🔏 Online Security |
⭐⭐⭐⭐⭐ |
| 📊 Overall Value |
⭐⭐⭐⭐⭐ |
Questrade Highlights
One of the standout features of the Questrade app is its integration with the Questrade Wealth Management platform.
Questrade users can users manage their accounts, including their registered and non-registered investment accounts, including TFSA, RRSP, and other tax-advantaged accounts.
This makes it easy for users to track and manage their entire investment portfolio in one place.
Available for both iOS and Android devices, the Questrade app can be downloaded from the App Store or Google Play.
It is also compatible with Apple Watch and Android Wear, allowing users to access key information and place trades from their smartwatch.
|
Questrade Trading |
IQ Edge | Questrade Global | |
|
Best for |
Beginners | Intermediate to Advanced | FX and CFD traders |
| Tradeable products | Stocks, ETFs, mutual funds, options | Stocks, ETFs, options |
Forex, CFD |
|
Web trading platform |
✅ | ❌ | ✅ |
| Mobile trading platform | ✅ | ❌ |
✅ |
|
Desktop trading platform |
❌ | ✅ |
✅ |
Questrade Pros and Cons
As one of the leading online brokerages in Canada, Questrade offers a range of investment products and services, including self-directed investing, managed portfolios, and wealth management.
Questrade features an easy-to-use investing app with low fees and a wide range of tools for traders of all experience levels.
While Questrade has established itself as one of the best Canadian investing apps, there are also some drawbacks to consider.
Here are some of the pros and cons of investing with Questrade.
|
Pros |
Cons |
| ✅ Low Fees | ❌ Limited Options for Some Products |
| ✅ Modern, Intuitive Interface | ❌ Lack of In-Person Support |
| ✅ Wide Range of Products and Services | ❌ Limited Access to Foreign Markets |
| ✅ Support and Education | ❌ Account Transfer Fees |
| ✅ Instant Deposits | |
| ✅ Excellent Mobile App |
Questrade Advantages
- Low Fees: Questrade offers some of the lowest trading fees in Canada, with no annual account fees, no inactivity fees, and no minimum balance requirements.
- Easy-to-Use Platform: Questrade’s online platform is user-friendly and intuitive, with a range of tools and features to help investors make informed decisions.
- Diverse Range of Products and Services: Questrade offers a wide range of investment products, including stocks, ETFs, mutual funds, options, and precious metals, as well as managed portfolios and wealth management services.
- Support and Education: Questrade provides its customers with access to a variety of educational resources, including webinars, workshops, and a library of research reports, as well as 24/7 customer support.
Questrade Disadvantages
- Limited Options for Some Products: Questrade does not offer all of the investment products that are available on the market, so investors who are looking for a particular product or security may not be able to find it on the Questrade platform.
- Lack of In-Person Support: Questrade is an online brokerage, so it does not have physical branches or in-person support. Customers who prefer to deal with a representative face-to-face may find this inconvenient.
- Limited Access to Foreign Markets: Questrade offers limited access to foreign markets, so investors who are looking to invest in international securities may have to use another brokerage firm.
- Account Transfer Fees: Questrade charges a fee for transferring an account to or from another brokerage firm, which can be a disadvantage for investors who want to switch to or from Questrade.
Questrade Desktop Trading Platform
Not only is Questrade one of the top investing apps in Canada, but it also includes an easy-to-use desktop version of the trading platform that is accessible through a web browser.
The Questrade desktop trading platform is a powerful and versatile tool that allows investors to manage their portfolio, research and analyze investment opportunities, and place trades quickly and easily.
Like the Questrade app, the desktop version provides access to real-time market data and quotes for a wide range of securities, including stocks, ETFs, options, and futures.
Questrade also features advanced charting and technical analysis tools, which is one of the main reasons some traders prefer the desktop version. Traders can find vital information such as trend lines, moving averages, and indicators to help investors identify market trends and opportunities.
Questrade allows investors to manage their portfolios, buy and sell stocks, and view their positions with the click of a button. The platform also supports various order types, such as market, limit, and stop orders.
The Questrade desktop trading platform also provides access to a range of research and news resources, such as market commentary, company reports, and industry news, to help investors make informed decisions.
Overall, the Questrade desktop trading platform is a comprehensive and user-friendly tool that offers a range of features and capabilities to help investors manage their portfolio and make informed investment decisions.
Questrade App
Like Wealthsimple, Questrade has a mobile version that is available as a free app for iOS and Android devices.
The Questrade mobile trading platform is a convenient and user-friendly tool that allows investors to manage their portfolios, research and analyze investment opportunities, and place trades on the go.
The Questrade app is designed to be intuitive and easy to use with a modern interface that is optimized for mobile devices.
Some of the features and capabilities of the Questrade mobile trading platform include the following:
Questrade offers low fees on everything from the best Canadian penny stocks to high-dividend stocks, ETFs, and more.
The investing app provides Canadians access to real-time market data and quotes for a wide range of securities, including stocks, ETFs, options, and futures.
Members can log onto their smartphones or mobile device to manage their portfolios, view their positions, and place orders to buy and sell stocks. The app also supports various order types, including market orders, limit orders, and stop orders.
In addition to key trading features, Questrade offers access to a wide range of research and news resources, to help investors make informed decisions.
At Questrade, members can find market commentary, company reports, and industry news. They can also create and manage watchlists of their favorite securities and set alerts for price changes, announcements, and other events.
With a number of different mobile deposit options, investors can deposit funds into their accounts on the go using the camera on their mobile device.
How To Sign Up To Questrade
Like signing up for the best investing apps in Canada, registering for a Questrade account is quick and easy.
New users can simply open an account, enter their personal information, fund their accounts, and start buying the best Canadian stocks.
To sign up for an account with Questrade, Inc., follow our step-by-step guide below:
Step 1: Sign Up For A Questrade Account
Click here to visit Questrade and click on the “Sign up” button in the top right corner.
On the signup page, select the type of account you want to open, such as an individual or joint account, a self-directed or managed account, or a registered or non-registered account.
Step 2: Enter Personal & Account Information
Enter your personal information, including your name, date of birth, email address, and phone number.
Create a username and password for your account, and answer some security questions to help protect your account.
Agree to the terms and conditions of the account, and click on the “Create account” button.
Verify your email address by clicking on the link in the verification email that Questrade will send to you.
Complete the account opening process by providing additional information and documents, such as proof of identity and address, as required by Questrade and the relevant regulatory authorities.
Step 3: Fund Your Questrade Account
Once your account is open and verified, you can log in to the Questrade platform and start exploring the various features and tools, as well as placing trades and managing your investments.
But before you can start trading, you’ll have to add funds to your Questrade account.
Questrade allows users to instantly deposit up to $3,500 per day using a number of different payment methods, including Visa, Interac, online banking bill payment, pre-authorized deposit, wire transfer, and more.
Step 4: Start Buying and Selling the Best Canadian Stocks
Once your deposit has cleared, the funds in your Questrade account will be available for use.
To start buying and selling the best Canadian stocks, users can simply search for the stock symbol of their choice and receive a real-time market quote.
When buying and selling stocks, Questrade members can place market orders, limit orders, special orders, and more.
Is Questrade The Best Investing Platform In Canada?
Overall, the Questrade app is a powerful and convenient tool for Canadian investors, offering a wide range of features and tools.
New users can sign up to Questrade and receive up to $50 in free trades to use on the best Canadian stocks.
Not only is Questrade one of the best investing apps in Canada but it is a valuable resource for anyone looking to manage their investments on the go.