Qtrade Investing brokerage platform full review
The Qtrade Investing brokerage platform is ideal for investors looking for a reliable data source, as well as excellent customer service. Read our review to learn more about it!
Qtrade Investing brokerage platform: Make better investment decisions with the right information
The Qtrade Investing brokerage platform is a Canadian online broker that provides trading of a wide selection of investment options. They offer a mobile trading app, as well as a web-based trading platform containing in-depth research and powerful tools to help you make your investing decisions.
The platform offers stocks from all major North American markets, OTCs, ETFs, mutual funds, bonds, GICs, Options, and more. With so many financial products, they recognize the importance of offering different account types such as Cash, TFSA, RRSP, Margin, and others.
The Qtrade Investing brokerage platform is known for its excellent customer service. You can contact them through email or over the phone, and you usually get an answer within seconds. If that doesn’t happen, they have a “let us call you” feature, where you can enter your name and phone number, and they will contact you as soon as possible.
Here are a few key factors you should know about the platform.
|Trading fees||0$ for ETFs and Mutual Funds;|
$8.75 for Stocks;
$8.75 + $1.25 per contract for Options
|Account minimum||No minimum|
|Promotion||Up to $2,000 sign up bonus|
|Investment choices||Stocks, ETFs, OTCs, Bonds, New Issues, GICs and Options|
How does the Qtrade Investing brokerage platform work?
With Qtrade you have access to one of the biggest financial markets in the world: The North American market. When you open an account with them you can choose to work with a straight forward Cash account which provides you with a number of investment options as well as joint and group accounts.
You may wish to place your money somewhere safe where you can keep it for retirement. In such a case, the Qtrade Investing brokerage platform offers a Locked in Retirement Account (LIRA), where you can manage pension assets from previous employers. Alternatively you may wish to open a tax-deferred retirement savings (RRSP), which they also offer.
If you are a more sophisticated investor, however, you may wish to take on greater risk to maximize returns. You can do that through a margin account which makes it possible for you to trade leveraged assets like short selling stocks and trade options.
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Qtrade Investing brokerage platform pros and cons
Now that you’ve been introduced to the platform, it’s time to weigh in its pros and cons
- 100 commission-free ETFs
- Sign up bonus of up to $2,000
- Excellent customer service
- No desktop platform for active traders
- Account closing fee of $100
- Commission fees
My credit score needs to be good?
The Qtrade Investing brokerage platform does not run credit checks on applicants, so you do not need a good credit score in order to apply for an account.
Want to apply for the Qtrade Investing account?
Opening a Qtrade account is easy and simple. You can do it directly on their website. Just click on “open account” and you’re on your way.
If you’d like a more detailed step-by-step of the application process, visit the link below and we’re going to show you how to do it.
About the author / Danilo Pereira
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