: 1. See how Interactive Brokers stacks up against Questrade! The first thing we should point out is that if you are happy with Questrade - by all means … to open but I'll give them a pass during the pandemic. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. 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? Questrade vs The Others (RedFlagDeals & Twitter Polls) There are a whole bunch of Canadian online broker reviews and comparisons online. You sound a bit too emotional to do active trading. I acknowledge that my … I can decide now if I want to open a margin account or a portfolio-margin account. You mean waiting til 930 is not a thing? Press question mark to learn the rest of the keyboard shortcuts. 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 … Qtrade review written by investing professionals. Reach your investing goals with Questrade’s self-directed investing accounts. If you buy and hold, QT is cheaper. 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). So you’ll need to have some 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. Not tsx listed. Both of them also help you to save on fees! Questrade, Inc. provides administrative, … You have to put in the full 10 digits. US stocks - 0.005$ per share (min 1$, max 1%) 2. US pre market starts at 4am and after hours ends at 8pm. These rates are often given as the inverse of how we display them in RBC Online Investing -- the media says the U.S. dollar is trading at $1.05 CAD, while we say the U.S. dollar is worth $0.95 CAD. I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. The problem is that, I was up at 4:30AM looking to sell ZM since I was in $600 profit, but I got blocked by the broker since it didnt accept the order. 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. Discussion would be geared around any investment opportunities a Canadian has access to. Just use the US funds. Can you explain to me why it takes 5 business days for Norbert's Gambit to work? 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. Do they not charge conversion fees if you have over 100k either? I sbumitted my order at 6:45 but it didnt accept. * If an exchange provides a rebate, we pass some or all of the savings directly back to you. Many of these reviews Great question. IG vs Interactive Brokers forex broker comparison including fees and 100+ features. It is also the fastest growing online brokerage and has $15 billion in assets under management. Such as, why are there three different categories (free, fixed, tiered)? The FX Rate we use is Real-Time and isn't static. Is this real? Customer service is also okay - my corporate account took 44 days(!) It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. 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. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. 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. Discussion would be geared around any investment opportunities a Canadian has access to. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Questrade will give you the opportunity to satisfy the deficiency on a best effort basis. It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. 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. Is it safe? The downside is that you have to wait 5 business days before the funds are investable. Updated for 2021. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs On a great week, could be as little as 2-3 days. 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. 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. 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. Transparent, low commissions and financing rates and support for best execution. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. Use my referral code with Questrade to get $50 on your 10K deposit. I would also very much appreciate any insights on this! I also know that IBKR charges me $3 USD/month because i have less than 100k. Real-time foreign exchange rates are available from approximately 7:45 am to 4:45 PM ET on business days. Overview of Schwab and 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. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). 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. Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. Everything in one place: pros and cons of fees, trading platform, and investor protection. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... Similar holder as ARK but listed on TSX, yea but it has a 1.7 mer fee. You’re converting less than $500 – you’re probably better off keeping things simple at this point. 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. 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. QT has premarket starting 7:30AM, and I … Qtrade vs. Questrade? I live in Cyprus (European Union) and I would like to start investing. Mimics trades after ARKK makes them and charges nearly double the fee. Worth the move. 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. With their premium M1 Plus option, you can earn interest and cash back on that checking account. IBKR offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single integrated account. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. See how Interactive Brokers stacks up against NinjaTrader! My account size is around $28k, and I am not a pro-trader, but I do trade pre and after market sometimes. American stocks on nyse and nasdaq and amex. No account maintenance fees are charged on IBKR Lite accounts or accounts with balances of at least $100,000 USD. There was a huge risk in buying it due to its valuation and had a high probability of dropping to reality eventually. It's important to remember that the rates published in the media are often Bank of Canada nominal rates. As two of the best discount brokerages in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years. SELL order at … 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. By using our Services or clicking I agree, you agree to our use of cookies. So you’ll need to have some cash on hand in US funds if you want to strike when the iron is hot. However, IBKR's commission pricing is confusing. If you're in need of a discount broker, I would probably recommend Questrade in general or Virtual Brokers if … If it’s true that IBKR charges you the $3 fee a month, best bet is to invest with Questrade. I have researched many brokers and I … 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. IBKR seems to also have good execution and uptime. Here everything is simple. If you are a trader, IBKR is better. 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. Once you are ready to sell, they do charge $5. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. IBKR Lite (free) tier is not available in Canada. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? 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. that isn't worth it for me in the long term. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Cookies help us deliver our Services. 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? The downside is that you have to wait 5 business days before the funds are investable. Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. If you’re poor like me, there’s $25 per quarter management fee. Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? The exact conditions depends on what and where you buy, e.g. However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some TSX listed securities? Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? This Questrade offer code gives you $50 in free trades when you open an … You bought a meme stock like ZM at 500$ and then are upset that you lost money. 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. Much faster execution and fees are sooo much better. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. 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. I want to consider ARK ETFs, which are US listed stocks. 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. Trading accounts, online investing tools/commissions, and stock broker pricing. Overall the customer service with Questrade is great and they charge you pennies to buy ETFs. I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. Interactive Brokers just takes some part of your money as a commission and that’s it. The last 2 digits are usually hidden and you need to get them from questrade … 5 days is worst case. 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. If the news was public, everyone got the same news as you did. It’s hard to figure out which one is biased and which one is not. Not only that, but you blame the broker and not yourself. Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. Buying the meme stock was a mistake, I agree. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. Questrade will cover the transfer fees if you decide to move your account from another RESP provider up to a limit of $150. Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. Any active trading is worth moving to IB. You need to think longer term or stick to SPY/QQQ. Like the big banks, Questrade is a member of Canadian Investor Protection Fund (CIPF), so all your assets are protected up to $1 million. The firm has a … Great question. This means if $6 in commissions are earned one month, the activity fee will be $4. Sorry, this post was deleted by the person who originally posted it. Select questrade and type in your account number. Compare Interactive Brokers vs Questrade Online brokers compared for fees, trading platforms, safety and more. 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. The news releases would have happened regardless of your broker. Press question mark to learn the rest of the keyboard shortcuts. There was enough volume to sell my shares. Interactive brokers vs questrade Anyone try both and prefer one over the other and if so why? But it doesn't make sense for anyone really. I don't think this is my fault. Questrade is Canada’s top independent discount brokerage firm. I received this from them in an email. Or can someone explain. Compare Interactive Brokers vs NinjaTrader Online brokers compared for fees, trading platforms, safety and more. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … Other types of accounts impose similar activity fee requirements. ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. 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