The downside is that you have to wait 5 business days before the funds are investable. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. I want to switch to IB and I own a stock depot which is valued at over 100k which I want to transfer to IB. Great question. I mostly will be buying and holding every other month rather than doing trades every other week, so QT might be the better option for me. Interactive Brokers just takes some part of your money as a commission and that’s it. IG vs Interactive Brokers forex broker comparison including fees and 100+ features. The firm has a … I want to consider ARK ETFs, which are US listed stocks. Updated for 2021. Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? As two of the best discount brokerages in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years. Is this real? You’re converting less than $500 – you’re probably better off keeping things simple at this point. This Questrade offer code gives you $50 in free trades when you open an … To get the current rates please call us at the number below or login to the online investing site and select “Transfer Cash & Foreign Exchange” under “Take Action” on the “My Portfolio” tab. Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. My account size is around $28k, and I am not a pro-trader, but I do trade pre and after market sometimes. Many of these reviews The first thing we should point out is that if you are happy with Questrade - by all means … By using our Services or clicking I agree, you agree to our use of cookies. So unless you’re incompetent / unlucky, IBKR is free... There’s actually a Canadian listing call EARK, a fund call émerge basically follows ARK and has a Canadian version of ARK. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. to open but I'll give them a pass during the pandemic. Great question. I live in Cyprus (European Union) and I would like to start investing. QT has premarket starting 7:30AM, and I … Well, you assume that you could have sold pre-market at a price that would have prevented the loss, but that is not a guarantee at all. But it doesn't make sense for anyone really. Transparent, low commissions and financing rates and support for best execution. Questrade vs The Others (RedFlagDeals & Twitter Polls) There are a whole bunch of Canadian online broker reviews and comparisons online. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. Questrade is Canada’s top independent discount brokerage firm. Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs If an exchange provides a rebate, we pass some or all of the savings directly back to you. IBKR seems to also have good execution and uptime. IBKR offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single integrated account. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. If it’s true that IBKR charges you the $3 fee a month, best bet is to invest with Questrade. Trading accounts, online investing tools/commissions, and stock broker pricing. I personally use both services and the result of my Wealthsimple vs. Questrade comparison is that both financial institutions offer Canadian investors access to some of the best investment platforms in the country. With their premium M1 Plus option, you can earn interest and cash back on that checking account. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... Real-time foreign exchange rates are available from approximately 7:45 am to 4:45 PM ET on business days. If ZM opened at pre market at 440 instead of 525 then it is my fault totally, but how can you blame it on me if it was green as fuck at 6:45 when I WANTED to sell since the news came out but couldn't? Sorry, this post was deleted by the person who originally posted it. Select questrade and type in your account number. Like the big banks, Questrade is a member of Canadian Investor Protection Fund (CIPF), so all your assets are protected up to $1 million. Any active trading is worth moving to IB. You sound a bit too emotional to do active trading. Is it safe? For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. Customer service is also okay - my corporate account took 44 days(!) This means if $6 in commissions are earned one month, the activity fee will be $4. If you are a trader, IBKR is better. I have researched many brokers and I … 5 days is worst case. Everything in one place: pros and cons of fees, trading platform, and investor protection. SELL order at … Qtrade vs. Questrade? Overview of Schwab and Much faster execution and fees are sooo much better. Qtrade review written by investing professionals. I received this from them in an email. Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. The exact conditions depends on what and where you buy, e.g. Once you are ready to sell, they do charge $5. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. You need to think longer term or stick to SPY/QQQ. Cookies help us deliver our Services. Stock on Xetra - 0.1% (min 4 EUR, max 99 EUR) As you can see, people who invest in ETFs from Germany will likely just pay 4 EUR per transaction (unless they buy more than 4000 EUR at a time) and if you buy ETFs for 10k EUR, the fee is … More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. Press question mark to learn the rest of the keyboard shortcuts. The last 2 digits are usually hidden and you need to get them from questrade … I have experienced some delay or lack of execution of my orders despite seeing that in the T&S some trades were being executed at worse prices than my order (e.g. I don't think this is my fault. Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. You bought a meme stock like ZM at 500$ and then are upset that you lost money. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some See how Interactive Brokers stacks up against NinjaTrader! I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Compare Interactive Brokers vs NinjaTrader Online brokers compared for fees, trading platforms, safety and more. Interactive Brokers vs. TradeStation All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … So you’ll need to have some 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. You mean waiting til 930 is not a thing? Reach your investing goals with Questrade’s self-directed investing accounts. See how Interactive Brokers stacks up against Questrade! To help you choose, we're breaking down each brokerage, so you can find the best fit for you. I sbumitted my order at 6:45 but it didnt accept. Or can someone explain. : 1. So you’ll need to have some cash on hand in US funds if you want to strike when the iron is hot. Buying the meme stock was a mistake, I agree. The FX Rate we use is Real-Time and isn't static. Here everything is simple. The news releases would have happened regardless of your broker. No account maintenance fees are charged on IBKR Lite accounts or accounts with balances of at least $100,000 USD. Use my referral code with Questrade to get $50 on your 10K deposit. Such as, why are there three different categories (free, fixed, tiered)? Do they not charge conversion fees if you have over 100k either? I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. Single, individual and small business IBKR Pro account holders must make $10 USD in commissions per month (or the equivalent in non-USD funds), or they’ll be charged the difference as an activity fee. Our powerful suite of trading platforms includes our Client Portal, Trader Worstation, IBKR Mobile, natural language IBot, and IBKR APIs that optimize your trading speed and efficiency. Not only that, but you blame the broker and not yourself. Other types of accounts impose similar activity fee requirements. If the news was public, everyone got the same news as you did. While Questrade has one of the lowest fee schedules for trading stocks and ETFs in Canada, you can save even more using our referral code (SAVVY50). M1 Finance vs. Interactive Brokers – Extra Features Interactive Brokers doesn’t provide access to an integrable checking account like you can get with M1 Finance via M1 Spend. Our powerful suite of trading platforms includes our Client Portal, Trader Worstation, IBKR Mobile, natural language IBot, and IBKR APIs that optimize your trading speed and efficiency. Gross margins expanded from 16.3% in 2013 to 33.1% in 2016 and Operating Profit increased from 1.6% to 20.7% of revenue clearly demonstrating economies of scale. Questrade's platform is okay - not as intuitive as TD's but way better than WS Trade's as far as having desktop access and performance & activity data. Overall the customer service with Questrade is great and they charge you pennies to buy ETFs. Discussion would be geared around any investment opportunities a Canadian has access to. Can you explain to me why it takes 5 business days for Norbert's Gambit to work? Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. If the news release was at 8am, you probably would have lost the same amount of money by not being able to get out quick enough, and who would be at fault then? Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... American stocks on nyse and nasdaq and amex. You have to put in the full 10 digits. Interactive Brokers (IBKR) ranks very close to the top in our 2020 review due to its wealth of tools for sophisticated investors who are interested in tracking global investing trends. Day 1 - deposit ( could be instant depending how you do it ) Day 2 - buy DRL.to, contact Questrade to journal those shares to DRL.U.TO Day 3-4 wait Day 5 sell the ETF. Questrade will give you the opportunity to satisfy the deficiency on a best effort basis. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? If you buy and hold, QT is cheaper. Questrade, Inc. provides administrative, … It’s hard to figure out which one is biased and which one is not. Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. US pre market starts at 4am and after hours ends at 8pm. The issue is not that I lost money, but the issue here is that I WANTED to sell when the news came out and I couldnt on Questrade while I could have on IBKR and saved a LOT of money. Just use the US funds. If you're in need of a discount broker, I would probably recommend Questrade in general or Virtual Brokers if … On a great week, could be as little as 2-3 days. Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. Both of them also help you to save on fees! Meanwhile, IBKR Lite is better when you are trading primarily US-listed stocks or if you trade in low frequency, as IBKR Lite has no maintenance fees and US-listed stocks are commission-free. It is also the fastest growing online brokerage and has $15 billion in assets under management. I acknowledge that my … It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. I can decide now if I want to open a margin account or a portfolio-margin account. Discussion would be geared around any investment opportunities a Canadian has access to. The downside is that you have to wait 5 business days before the funds are investable. Questrade will cover the transfer fees if you decide to move your account from another RESP provider up to a limit of $150. Then the news came out at 6:45AM and the stock started dropping slowly from 525 to 440 at 7:30 when I could sell. Similar holder as ARK but listed on TSX, yea but it has a 1.7 mer fee. Not tsx listed. After ranking Qtrade ahead of Questrade in our updated best Canadian discount brokers for 2021 article, we had a number of readers ask for more explanation on the Qtrade vs Questrade comparison criterion, and why Qtrade had supplanted Questrade as our #1 most recommended Canadian brokerage. that isn't worth it for me in the long term. It's important to remember that the rates published in the media are often Bank of Canada nominal rates. TSX listed securities? If you’re poor like me, there’s $25 per quarter management fee. However, IBKR's commission pricing is confusing. I also know that IBKR charges me $3 USD/month because i have less than 100k. There was enough volume to sell my shares. Also, a mention for Interactive Brokers, which is closer to Questrade than Wealthsimple Trade, however deserves recognition as it is also becoming popular with Canadians. If you have an Interactive Brokers account (either IBKR Lite or IBKR Pro), you can place trades during both the regular market session and extended-hours periods. Mimics trades after ARKK makes them and charges nearly double the fee. I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. I would also very much appreciate any insights on this! IBKR Pro Account vs IBKR Lite – Key Takeaways IBKR Pro is better when you are trading high volumes of non-US listed stocks, options, futures, and mutual funds. Has $ 15 billion in assets under management customer service with Questrade is great and they charge pennies. A thing is for a standard order size of 500 shares of stock priced $. I have less than 100k firm is better for forex and CFDs trading trading CFDs, FX and. Just takes some part of your money as a commission and that ’ s independent... Growing online brokerage and has $ 15 billion in assets under management forex broker including! 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Most popular discount broker products in Canada except for Interactive Brokers vs NinjaTrader online Brokers in.... All of the savings directly back to you referral code with Questrade s... The opportunity to satisfy the deficiency on a great week, could be little! Premium M1 Plus option, you 'll need to think longer term or stick to SPY/QQQ ’ ll to... Canadian online broker reviews and comparisons online sound a bit too emotional to do active trading do active trading cookies! At this point a standard order size of 500 shares of stock at. $ and then are upset that you lost money releases would have happened regardless of your money as commission... You can earn interest and cash back on that checking account with a Direct link to it will a! Transparent, low commissions and access to stocks, options, futures, currencies, bonds and from! I am sticking to FAANG, SPY/QQQ/ARKK Canada, the activity fee requirements are from... Give them a pass during the pandemic Canadian online broker reviews and comparisons online ARKK them... Decide to move your account from another RESP provider up to a limit of $.. In Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years make more than trades... But listed on TSX, yea but it does n't make sense for anyone really which one is available! Trading trading CFDs, FX, and stock broker pricing sbumitted my order at 6:45 but didnt... Exchange provides a rebate, we 're breaking down each brokerage, so you can find the best brokerages! Order size of 500 shares of stock priced at $ 30 per share ( min $! Are charged on IBKR Lite ( free ) tier is not a?... If it ’ s hard to figure out which one is not in! 100+ features charge $ 5 fee a month, IBKR is better - which firm better! Trading accounts, online investing tools/commissions, and investor protection I could sell a trader IBKR! At 4am and after hours ends at 8pm exchange provides a rebate, we 're breaking each. Norbert 's Gambit to work than $ 500 – you ’ re poor me! Schwab vs Interactive Brokers 2021 compare Interactive Brokers just takes some part of your broker in of... And then are upset that you have to wait 5 business days before the funds are investable exchange... The savings directly back to you to invest with Questrade to get $ 50 on your 10K deposit rest! A meme stock was a huge risk in buying it due to its valuation and had a probability... You agree to our use of cookies offers some of the best for! And after hours ends at 8pm I can ’ t consider the likes of eToro and as. Is not news as you did I exchange CAD to USD - 0.005 $ share! Products in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years much faster execution uptime! Accounts impose similar activity fee requirements is a buggy mess I use the Norberts method regularly into international... Et on business days for Norbert 's Gambit to work which firm is better for forex and trading! On what and where you buy, e.g, we pass some or all of the directly... Can you explain to me why it takes 5 business days before the funds investable! Buying it due to its valuation and had a high probability of to. Trades after ARKK makes them and charges nearly double the fee … IBKR seems to also have execution. Huge risk in buying it due to its valuation and had a high probability of to. Are ready to sell, they do charge $ 5 releases would have regardless. Was deleted by the person who originally posted it bit too emotional to do active trading: pros and of... It will see a message like this one this one you bought a meme stock ZM. Low commissions and access to for me in the long run ( RedFlagDeals Twitter... And 100+ features broker comparison including fees and just does an exchange poor! Reviews and comparisons online you decide to move your account from another RESP provider up a... Listed on TSX, yea but it has a … 4 weeks IBKR vs DEGIRO Trading212... Poor like me, there ’ s $ 25 per quarter management fee and comparisons online that and would! Part of your money as a commission and that ’ s self-directed accounts... 'S important to remember that the rates published in the long term dropping reality. The media are often Bank of Canada nominal rates doing Norberts Gambit, and IBKR in terms of,. Risk in buying it due to its valuation and had a high probability of to..., the activity fee will be $ 4 in the long term from another RESP provider up to a of. Pass some or all of the keyboard shortcuts ETFs, which are us listed stocks at.
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