Investments
Qtrade investing review: #1 award-winning platform
Investing your precious money has to be a conscious decision. With Qtrade, you'll have the best customer support to do it. This review will show you its benefits.
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by Julia Bermudez
Qtrade investing: learn more about it and start investing today
Before you start investing, give yourself the chance to read this Qtrade investing review. Because when you want to start investing, the first step is to find a broker that fits your style and suits your needs. Let’s see if that’s the case with Qtrade. Is this the broker you’re looking for to start your successful investor career?
Qtrade is an award-winning platform and has been considered the #1 online broker in Canada. They have support for new investors with educational material, and also for experienced investors with advanced tools.
| Trading fees | Swap: $45/security One-time sales: $50* Credit sell out: $20* Foreign depository settlements: $100* *Terms apply. |
| Account minimum | No minimum. |
| Promotion | 30 days free trial |
| Investment choices | Stocks ETFs Mutual Funds Bonds New Issues GICs Options |
How to join the Qtrade investing?
It doesn't matter if you're a new investor or a experienced one. You can open an Qtrade investing account and improve your trading skills with the best online broker.
Qtrade investing: how does it work?
Qtrade is an online broker, where you can buy and sell your assets with the support of an excellent platform. You have the option to open a trading account or even registered accounts to let your money grow tax-free.
The platform is intuitive and shows important statistics that experienced investors will find very useful. This is an advantage over other platforms that lack some features. You’ll see in this Qtrade investing review that using this platform can be beneficial for you.
The commissions have a simple structure with competitive prices, which catch the attention of most investors. However, there are many administrative and account fees you’ll have to pay. Some conditions can apply to waive the fees, but you have to fulfill many requirements.
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Learn all the benefits and disadvantages of Qtrade investing
This Qtrade investing review will show you the pros and cons to help you make a decision.
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Pros
- The customer service is very efficient, and most of their customer and very satisfied with the excellent service.
- Your investments are safe, as Qtrade is a member of the CIPF (Canadian Investment Protection Funds). And, if there is any fraudulent activity in your account, you’ll get 100% reimbursed.
- Excellent options of registered accounts, like TFSA, Retirement Savings Plans, and others. These accounts are tax-sheltered or tax-deferred by the Government, and that’s why they are registered.
- You also have the option to open a trading account, which you can use for selling and buying stocks.
- If you have a more passive investment style and enjoy buying ETFs and Mutual Funds, you’ll find many options for commission-free ETFs.
- Young Investor Pricing: If you have between 18 and 30 years old, Qtrade will drop your commission fee and waive the administration fees. To get this benefit, you need to authorize a minimum $50 monthly transfer to your investor account with Qtrade.
- Intuitive dashboard to give you an overview of your portfolio and other features.
Cons
- Although many think it’s worth the price, some may think there are too many fees to pay – and they’re not the cheapest on the market.
- Qtrade has options for new investors. However, the experienced ones will benefit the most from this platform.
Is it worth it to join Qtrade investing?
It’s hard to find negative aspects in Qtrade, and it figures among the best platforms, even being considered the top #1. So, if you take your investment really seriously, it is worth joining Qtrade and leveling up your investing game.
How to open an account at Qtrade investing?
After reading this Qtrade investing review, have you decided to open your account? Opening a brokerage account has a few requirements, not just with Qtrade, but with every online broker. However, with some patience and having your documents in hand to fill out the application form, you can do with by yourself at your home. And if you have any doubts, the customer service is there to help you. To learn more about how to open your account, check the following content.
How to start investing with Qtrade?
It doesn't matter if you're a new investor or a experienced one. You can open an Qtrade investing account and improve your trading skills with the best online broker.
About the author / Julia Bermudez
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