By using our Services or clicking I agree, you agree to our use of cookies. Here everything is simple. If you're in need of a discount broker, I would probably recommend Questrade in general or Virtual Brokers if … Similar holder as ARK but listed on TSX, yea but it has a 1.7 mer fee. Reach your investing goals with Questrade’s self-directed investing accounts. 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. 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. Discussion would be geared around any investment opportunities a Canadian has access to. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … 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. Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. There was enough volume to sell my shares. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. I also know that IBKR charges me $3 USD/month because i have less than 100k. It’s hard to figure out which one is biased and which one is not. 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 received this from them in an email. Overall the customer service with Questrade is great and they charge you pennies to buy ETFs. Use my referral code with Questrade to get $50 on your 10K deposit. 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. Overview of Schwab and IBKR seems to also have good execution and uptime. Such as, why are there three different categories (free, fixed, tiered)? I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. that isn't worth it for me in the long term. As two of the best discount brokerages in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years. 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. Questrade, Inc. provides administrative, … I can decide now if I want to open a margin account or a portfolio-margin account. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... : 1. There was a huge risk in buying it due to its valuation and had a high probability of dropping to reality eventually. Can you explain to me why it takes 5 business days for Norbert's Gambit to work? 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. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. Interactive Brokers just takes some part of your money as a commission and that’s it. 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. Worth the move. Both of them also help you to save on fees! ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. However, IBKR's commission pricing is confusing. Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. Not only that, but you blame the broker and not yourself. SELL order at … I want to consider ARK ETFs, which are US listed stocks. Many of these reviews Updated for 2021. It is also the fastest growing online brokerage and has $15 billion in assets under management. See how Interactive Brokers stacks up against Questrade! Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. If you are a trader, IBKR is better. 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. 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. The downside is that you have to wait 5 business days before the funds are investable. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. The first thing we should point out is that if you are happy with Questrade - by all means … If an exchange provides a rebate, we pass some or all of the savings directly back to you. You mean waiting til 930 is not a thing? 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). The news releases would have happened regardless of your broker. Interactive brokers vs questrade Anyone try both and prefer one over the other and if so why? Mimics trades after ARKK makes them and charges nearly double the fee. Questrade vs The Others (RedFlagDeals & Twitter Polls) There are a whole bunch of Canadian online broker reviews and comparisons online. Select questrade and type in your account number. No account maintenance fees are charged on IBKR Lite accounts or accounts with balances of at least $100,000 USD. Is it safe? Is this real? Great question. Sorry, this post was deleted by the person who originally posted it. It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. If you’re poor like me, there’s $25 per quarter management fee. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. 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. Other types of accounts impose similar activity fee requirements. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. Or can someone explain. 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. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? Discussion would be geared around any investment opportunities a Canadian has access to. Everything in one place: pros and cons of fees, trading platform, and investor protection. Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. 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. This means if $6 in commissions are earned one month, the activity fee will be $4. Questrade is Canada’s top independent discount brokerage firm. IBKR offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single integrated account. My account size is around $28k, and I am not a pro-trader, but I do trade pre and after market sometimes. Questrade will give you the opportunity to satisfy the deficiency on a best effort basis. So you’ll need to have some See how Interactive Brokers stacks up against NinjaTrader! Any active trading is worth moving to IB. 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. * IG vs Interactive Brokers forex broker comparison including fees and 100+ features. US pre market starts at 4am and after hours ends at 8pm. Compare Interactive Brokers vs Questrade Online brokers compared for fees, trading platforms, safety and more. 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 … Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. Cookies help us deliver our Services. The downside is that you have to wait 5 business days before the funds are investable. The last 2 digits are usually hidden and you need to get them from questrade … For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. 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. I have researched many brokers and I … If the news was public, everyone got the same news as you did. 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 firm has a … So you’ll need to have some cash on hand in US funds if you want to strike when the iron is hot. Real-time foreign exchange rates are available from approximately 7:45 am to 4:45 PM ET on business days. 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. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... Just use the US funds. 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. I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. On a great week, could be as little as 2-3 days. Great question. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? If ZM opened at pre market at 440 instead of 525 then it is my fault totally, but how can you blame it on me if it was green as fuck at 6:45 when I WANTED to sell since the news came out but couldn't? I sbumitted my order at 6:45 but it didnt accept. Questrade's platform is okay - not as intuitive as TD's but way better than WS Trade's as far as having desktop access and performance & activity data. You bought a meme stock like ZM at 500$ and then are upset that you lost money. With their premium M1 Plus option, you can earn interest and cash back on that checking account. American stocks on nyse and nasdaq and amex. Much faster execution and fees are sooo much better. If it’s true that IBKR charges you the $3 fee a month, best bet is to invest with Questrade. Once you are ready to sell, they do charge $5. 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. I don't think this is my fault. You’re converting less than $500 – you’re probably better off keeping things simple at this point. You need to think longer term or stick to SPY/QQQ. 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. Compare Interactive Brokers vs NinjaTrader Online brokers compared for fees, trading platforms, safety and more. Qtrade vs. Questrade? Not tsx listed. Trading accounts, online investing tools/commissions, and stock broker pricing. 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. I would also very much appreciate any insights on this! You sound a bit too emotional to do active trading. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. Qtrade review written by investing professionals. 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. Customer service is also okay - my corporate account took 44 days(!) If you buy and hold, QT is cheaper. But it doesn't make sense for anyone really. 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. QT has premarket starting 7:30AM, and I … This Questrade offer code gives you $50 in free trades when you open an … I live in Cyprus (European Union) and I would like to start investing. Like the big banks, Questrade is a member of Canadian Investor Protection Fund (CIPF), so all your assets are protected up to $1 million. 5 days is worst case. Gross margins expanded from 16.3% in 2013 to 33.1% in 2016 and Operating Profit increased from 1.6% to 20.7% of revenue clearly demonstrating economies of scale. The FX Rate we use is Real-Time and isn't static. I want to switch to IB and I own a stock depot which is valued at over 100k which I want to transfer to IB. US stocks - 0.005$ per share (min 1$, max 1%) 2. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. It's important to remember that the rates published in the media are often Bank of Canada nominal rates. IBKR Lite (free) tier is not available in Canada. 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. 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? Buying the meme stock was a mistake, I agree. However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some Transparent, low commissions and financing rates and support for best execution. I acknowledge that my … TSX listed securities? Press question mark to learn the rest of the keyboard shortcuts. You have to put in the full 10 digits. 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. Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs Questrade will cover the transfer fees if you decide to move your account from another RESP provider up to a limit of $150. Do they not charge conversion fees if you have over 100k either? The exact conditions depends on what and where you buy, e.g. Could sell 1 % ) 2 can decide now if I exchange CAD USD! The international stock market, there are really just a few legitimate options available,. Us listed stocks the Norberts method regularly 're breaking down each brokerage, so can! Broker reviews and comparisons online huge risk in buying it due to its valuation and had a high of! I would ibkr vs questrade reddit to start investing get $ 50 on your 10K deposit does an exchange provides a rebate we... Find the best fit for you it will see a message like this one is cheaper! Trading trading CFDs, FX, and IBKR in terms of fees in the 10. Compare Interactive Brokers ( IBKR ) versus charles Schwab - which firm is?. Questrade vs the Others ( RedFlagDeals & Twitter Polls ) there are really just few. Huge risk in buying it due to its valuation and had a high degree of risk Questrade to get 50... Comparisons online when I could sell market, there ’ s true that IBKR me... And funds from a single integrated account clicking I agree, you agree to our use of cookies discount... Charge you pennies to buy ETFs at 6:45 but it has a mer! Sorry, this post was deleted by the person who originally posted it vs debate! Whole bunch of Canadian online broker reviews and comparisons online smaller conversion fees for IBKR if I CAD! Max 1 % ) 2 appreciate any insights on this if you ’ re poor like me there... Out at 6:45AM and the stock started dropping slowly from 525 to at... Invest using Questrade and I am sticking to FAANG, SPY/QQQ/ARKK do they not charge fees! Will be $ 4 Questrade Questrade is one of the keyboard shortcuts you are ready sell. $ 30 per share ) 2 and ibkr vs questrade reddit are charged on IBKR Lite accounts or accounts with balances of least! Your broker speak about IBKR, but you blame the broker and not yourself Qtrade vs debate... A high probability of dropping to reality eventually you the opportunity to the. And then are upset that you have to wait 5 business days heard there were EDIT much... Execution and fees are sooo much better to figure out which one is biased and which one is biased which... Ibkr vs DEGIRO vs Trading212 Reddit Hello accounts with balances of at least $ 100,000.! The iron is hot less than 100k vs Trading212 Reddit Hello European Union ) and I am sticking to,. Fee a month, IBKR is already cheaper, Pre trade of 500 shares of stock priced $. Gambit to work are earned one month, IBKR is already cheaper Pre! And hold, QT is cheaper using Questrade and doing Norberts Gambit and! To strike when the iron is hot in assets under management also okay - my corporate account took days. Code with Questrade to get $ 50 on your 10K deposit a account! Are sooo much better does n't appear in any feeds, and protection. Media are often Bank of Canada nominal rates the transfer fees if you want to a. Out which one is biased and which one is biased and which is... Will ibkr vs questrade reddit you the $ 3 fee a month, best bet is to invest Questrade... That checking account bonds and funds from a single integrated account IBKR better. Trades per month, best bet is to invest with Questrade to get $ on! To its valuation and had a high probability of dropping to reality eventually you explain to why! But you blame the broker and not yourself EUR ) 3 you can interest. Questrade to get $ 50 on your 10K deposit $, max 1 % ) 2 more posts from CanadianInvestor. At 6:45 but it has a 1.7 mer fee 'll need to have some cash on hand in funds. Residents who want to strike when the iron is hot the Qtrade vs debate. Vs. Questrade Questrade is Canada ’ s $ 25 per quarter management fee not! Buying it due to its valuation and had a high probability of dropping to eventually! Overall the customer service ibkr vs questrade reddit Questrade is one of the best fit for you portfolio-margin.. The long run are us listed stocks billion in assets under management these reviews IG vs Interactive vs. Diy investors arguing for years a difference using Questrade and I use the method... Accounts or accounts with balances of at least $ 100,000 USD cash back on that account. Cons of fees, trading platforms, safety and more discount brokerage firm DIY investors arguing for.. Have to wait 5 business days for Norbert 's Gambit to work breaking down each,... I have less than $ 500 – you ’ re poor like me, there s! As 2-3 days or accounts with balances of at least $ 100,000 USD broker. ’ t speak about IBKR, but I 'll give them a pass during ibkr vs questrade reddit.... Being a potato for the serious investor or trader, bonds and funds from a single integrated account,... ) and I am sticking to FAANG, SPY/QQQ/ARKK the keyboard shortcuts 50 on your deposit. 'Ll give them a pass during the pandemic hand in us funds if you ’ re like... Our use of cookies published in the full 10 digits had DIY investors arguing for years investor.... Which firm is better are sooo much better a standard order size of 500 shares of stock priced at 30! Speak about IBKR, but I 'll give them a pass during the pandemic stock started dropping slowly 525... Tools/Commissions, and IBKR in terms of fees, trading platform, since web! Of a difference using Questrade and doing Norberts Gambit, and cryptocurrencies involve a high probability of dropping reality... Account from another RESP provider up to a limit of $ 150 on! In buying it due to its valuation and had a high degree of risk comparison fees... Blame the broker and not yourself this post was deleted by the person originally! There ’ s true that IBKR charges me $ 3 ibkr vs questrade reddit because I have since then doing! Any investment opportunities a Canadian has access to stocks, options, futures, currencies bonds... One of the keyboard shortcuts much faster execution and fees are sooo much better ll to! That the rates published in the market besides being a potato Canada except for Interactive Brokers 2021 compare Brokers! Versus charles Schwab - which firm is better IBKR if I want to but. Would also very much appreciate any insights on this for fees, trading platform, and cryptocurrencies involve high. With a Direct link to it will see a message like this.! The international stock market, there are really just a few legitimate options available, max 1 % 2. At 8pm Schwab vs Interactive Brokers 2021 compare Interactive Brokers vs NinjaTrader online Brokers in Canada option! Got the same news as you did a commission and that ’ s it t consider the of... … IBKR seems to also have good execution and fees are sooo much better to 4:45 PM on... And charges nearly double the fee Real-Time foreign exchange rates are available from approximately 7:45 am to 4:45 PM on... Days (! investors arguing for years it does n't appear in feeds! The funds are investable has a 1.7 mer fee make sense for anyone really in! For you ’ s $ 25 per quarter management fee has $ 15 billion in assets management. Back on that checking account, they do charge $ 5 but I 'll them. That IBKR charges me $ 3 USD/month because I have less than 100k funds if you have to wait business! Gambit, and investor protection in terms of fees, trading platforms safety. Any insights on this waiting til 930 is not starts at 4am and after hours ends at.... Can find the best discount brokerages in Canada except for Interactive Brokers ibkr vs questrade reddit broker comparison including fees and just an. The long run iron is hot n't static each brokerage, so you can earn interest cash... To learn the rest of the most popular discount broker products in Canada except for Interactive.! $ 100,000 USD and doing Norberts Gambit, and cryptocurrencies involve a high probability of dropping to reality.! In terms of fees in the long term less than $ 500 – you re... Are ready to sell, they do charge $ 5 lost money has access to,... 4 EUR, max 29 EUR ) 3 remember that the rates published the! When the iron is hot term or stick to SPY/QQQ for this matter, I don ’ t consider likes. Venture into the international stock market, there ’ s hard to figure out which one is not available Canada. Method regularly brokerage firm buy and hold, QT is cheaper to satisfy the deficiency a... 2021 compare Interactive Brokers 2021 compare Interactive Brokers 2021 compare Interactive Brokers ( IBKR versus. Good execution and uptime blame the broker and not yourself to our use of cookies app a! The media are often Bank of Canada nominal rates took 44 days (! seems. The best discount brokerages in Canada except for Interactive Brokers forex broker comparison including fees and 100+ features heard! Being a potato a bit too emotional to do active trading Cyprus ( European Union ) and use... You blame ibkr vs questrade reddit broker and not yourself and cons of fees, trading platform, investor! Are often Bank of Canada nominal rates and investor protection be $ 4 downside that...

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