Questrade Review 2020

Questrade General Fees

• Questrade withdrawal fees varies on payment method
• Questrade does charge inactivity fees
• Questrade does charge deposit fees

Broker	questrade	IC Markets	eToro	XTB
Min Deposit	1000	200	200	0
Withdrawal Fees	varies	No	Yes	varies
Inactivity Fees		No	Yes	No
Deposit Fees		Varies	No	No
CFD Commission Fees		Yes	No	Yes

Questrade Commissions

• Questrade does charge commission on CFD instruments.

Trading on Questrade web platforms and other applications

Questrade offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An Questrade IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Questrade also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

Questrade Trading benefits :

Questrade Trading Accounts Offered :

• Demo account
• Mini account
• Standard account

Can I try Questrade before I buy?

Questrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Questrade withdrawal and funding methods.

Please note that the list of payment methods below depend on the Questrade Entity and the Clients Country of Residence.

Questrade offer the below funding payment methods. learn more about Questrade

• Credit cards
• Skrill
• Neteller

Broker	questrade	IC Markets	eToro	XTB
Bank transfer	No	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	No		Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with Questrade?

When opening a trading account with Questrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Questrade trading platforms here.

Performing trades with Questrade

Questrade allow you to execute a minimum of trade of $ 4.95. This may vary depending on the account you open. Questrade allow you to execute a maxium trade of varies.

As a market maker, Questrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at Questrade

To trade effectively with Questrade, it's important to get a have a good understanding of the Questrade trading tools and the markets.

Questrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Questrade.

Take time to look around the Questrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Questrade

Questrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Questrade have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Questrade less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Questrade

We tested the Questrade live chat and it works well. We sent messages to Questrade livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Questrade support in multiple languages in multiple countries. Questrade where able to resolve our customer issues.

Email Support at Questrade

Questrade does not offer Email Support.

Phone Support at Questrade

We called Questrade and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Questrade phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Questrade team by calling in varying languages. Questrade made an effort to make sure our queries were answered.

Overall the phone support from Questrade was okay.

See how Questrade Support Compares Against Other Brokers

Broker	questrade	IC Markets	eToro	XTB
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More	Visit Questrade	Visit IC Markets	Visit eToro	Visit XTB
Risk Warning	Your capital is at risk	Losses can exceed deposits	75% of retail investor accounts lose money when trading CFDs with this provider.	79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Questrade

As Questrade is regulated by Organization of Canada (IIROC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Questrade Brand may be different.

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Questrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Questrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.questrade.com on 12th August 2018.

Questrade review written by Andrew Blumer and Mark Hansen