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Questrade FX

3.0/ 5 1
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Canada’s online trading discount brokerage. From $4.95, trade US & Canadian stocks, options & forex. Direct access trading. No minimum trade activity.

Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to the activities undertaken by Questrade, Inc.

Forex. Questrade offers competitive pricing on over 55 currency pairs with target spreads of as low as 0.8 pips under normal market conditions.

1 Review for Questrade FX

Dinesh

3 Reviews

Victor, Waterloo

3/ 5

I opened an account with questrade, but after 1 year I realized I have lost a lot in commissions. If you look at your statement in penson.com, you will realize some extra interest and market charges. I still have my account open with only $250 left in it. The only good thing is that they have free data. The option trading is also too expensive with them.

I then opened an account with IB (interactive brokers) with only $10,000 starting balance, with all option privileges which I could never get with questrade. They are amazing, and I am making good money by doing low risk option strategies. For RRSP, I recommend VB (virtual brokers). With these two accounts I never have a need to trade on questrade. IB rocks, banks+questrade all suck if you are an active trader with not a huge amount of money to start.

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Dinesh

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