Does questrade have cash accounts questrade resp date contributions must end
Plus they have no platform for desktop computers! Let me know if you have any questions. You can use the app to either check on your investments or even make trades on the go. Bugs that are reported are not fixed for months, losing trades and cash for clients. You may want to check this out Account Funding your account. Jen says:. October 31, at pm. Retired Money. Unlock Your Cell Phone. Exchange and ECN fees may apply. So I call the Questrade on the 29th. Needless hitbtc news with credit card dubai say, Questrade is a pretty impressive and trustworthy business in the eyes of Canadian consumers and experts alike. Excellent Customer Service. With TD this type of trade filled instantly. No more additional fees for modifying orders. In front of evidence she accept four figure forex pdf learn to trade forex binary options was an error???. Extremely poor experience with their customer service, being put on hold for hours and not receiving call backs for WEEKS and when they do call back its at the exact times you told them you were unavailable. I recommend the latter for convenience and generally better returns. Kyle says:. Winter is coming — protect your car from rust, on a budget. What is your suggestion? December 17, Reply. But is it right for you? What you 1000 units of currency what volume size on metatrader 52 week high low trading system referring to is the U. Just spoke to CS and they told me Questrade charges 1.
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Plus they have no platform for desktop computers! Laural on May 1, at pm. I know when i look it up it shows RRSP for everyone else so im wondering if questrade just recently changed their naming for their accounts? The U. This is what my investment would likely look like for the month. Considering to negotiate with TD, if they can match rates and move whole on one account — may be move judgmental. On one hand, the contribution portion the part the parents put in is not taxed when withdrawn. It is very possible that you hit the wrong person dealing with your case. How does that work? September 30, at pm. Dave on February 10, at pm. October 7, at pm. With TD this type of trade filled instantly. Best of luck to those that are with them.
No foreign transaction fees. The Registered Education Savings Plan first came to light in and has undergone changes. Do not go for Questrade if customer service is a priority to you. Easily own shares of a company—and enjoy some of the best commissions in Canada. Your Top Offers. Need a personal loan? Is there any fees for non-registered account at Questrade? Lisa How to pick a good stock for day trading etrade singapore closing says:. Sign and submit documents online. Not a single stock was transferred at the purchase price. Now I understand why they say Questrade is a discount broker. August 18, at pm.
Questrade Review: Canada’s Leading Discount Brokerage
Sharpen your savings with 2. This gives you low fees on trading so you can trade as much as you want without having to worry about breaking the bank. Only 2. June 7, at pm. December 16, Reply. Ready to save smarter? Also wealthsimple does not offer margin accounts which is a big turn off for new investors. I am dripping this stock so, it is the day after the dividend payment date. Their promotional bonuses!? Before I opened the account I asked a lot of questions via chat and email. Avoid them for this and a ton of other reasons — they are unreliable, their platforms are full of bugs, which they expect their clients to vet via poor customer service and long waits for online or phone help. We take all feedback to savings account vs stocks vs acorns scarecrow trading inc stock and will work with you to investigate and resolve any and all issues. Getting a rebate for an inactivity fee:. Love Questrade! Anything beyond that amount can go toward your RRSP. That was the whole purpose of going with them… no fees! There is absolutely no limit to the number of accounts you can open at Questrade. Henry on July 12, at am.
Am also wondering how net returns would compare in ETF couch style with net returns i get from big bank or good size other brokers who invest mainly in individual stocks and perhaps Kyle can answer this question… or u also may have some imput. My account was opened without problem after all the necessary documents were received. What happens if my child doesn't continue on to post-secondary education? It is quite concerning to me after I read these posts on April 25, Call The platforms are not that great.. And, even then, there are further restrictions. Henry on July 12, at am. Whether you are a beginner or experienced investor, Questrade offers a bunch of features that distinguish it from other online brokers. Share to Facebook Facebook , Number of shares 9. Abraham Jacob says:. No limit to the number of accounts you bring over. Most popular Plan for the near future or the far future with our most popular accounts.
RESP in Canada: How Does RESP Work?
Now I am in the process of sorting all of that. Pat on February 26, at pm. Your Name. RESP account. September 8, at pm. Clients can also access the latest market information for free, thanks to a news feed Powered by Bezinga. Your email address will not be published. I am 55 female. Did anyone have the similar problem with Questrade? Just spoke to CS and they told me Questrade charges 1. Finra penny stock rules should i have my money in different brokerage accounts regards to ease of transaction, platform quality, quality of service, and customer service response level, would you recommend Questrade and why? November 21, at am. I did not think it would take 2 months to transfer the money out when transferring in takes 1 day. If you receive certain types of income, you must provide Form W-8BEN to claim a reduced rate of, or exemption from, withholding as a resident of a foreign country with which the United States has an income tax treaty.
Get set up in minutes. Tom says:. Here are some of the most frequently asked questions: 1. I have yet to get any of my bonuses despite calling in several times. October 31, at am. And bonus! I ask to them WHY? Most everyday investors in Canada will be best served by using this account to invest in Canadian-dividend payers my Smith Maneuver account for example or other Canada-based ETFs. September 12, at am. Investing Making sense of the markets this week: August 3 Big tech continues to lead Q2 earnings, with a Similarly, you can enter a security name or symbol and scan results by financials, valuation, filings or other key metrics. Not the best but definitely better than before. Questrade Margin accounts are governed by margin falls. May 10, at am. October 7, at pm. February 15, at am. Fantastic article.
March 14, at am. What is your suggestion? This comment is about trading equities with Wealthsimple. Fortunately, I have a large enough account to get the same fees at any other broker, and should have listen to the others when they said leave when I reached that level. Invest on behalf of your business or someone. Or is it still the wash system that inefficiently pays out dividends in CAD? Questrade was the first online discount day trading gaps pdf is robinhood good for investing etf to allow investors to hold USD in a registered account. Have to say, learnt a lot ……. On weekends I get on right away. WOW sooooo glad I read. But since you never paid tax on the grant money you received or the income earned on your RESP investments, those withdrawals called Education Assistance Payments, or EAP are considered taxable income for your child.
PSE contribution amounts can be withdrawn tax-free by the account holders subscribers since contributions are made with after-tax dollars. Jim on June 19, at pm. Q uestrade W ealth M anagement I nc. Requested a withdrawal of funds in July Still waiting. Also, I believe, IBC has, by far, the best mobile and standalone application. Lisa Jackson says:. Registered Retirement Savings Plan for the future and enjoy tax advantages from the government. Transfers from cash accounts may be subject to capital gains taxes or provide capital losses upon liquidation. Qualified education programs. The pros up there are awesome, compared to other brokers. But choosing between the two can be tricky.
William on March 27, at pm. Herald Gjura on June 29, at am. December 10, Reply. The dividend tax for these types of securities is withheld at the source company not by Questrade. Getting into the more exotic options like leveraged options trading is not my cup of tea. Everything from massage therapy to airplane mechanic courses can be covered. Questrade happens to be the king of low cost investing, but if your number one priority is market research, or to do heavy, active day-trading, then you might find another brokerage better suits that style. Hi Terri, My records indicate that our client services team has already contacted you about this and have let you know that when handling margin calls, we work on a best-efforts basis. I was at a medical appointment today when they called me around noon and sent an email saying that I was in a real time margin. Trying yet another leveraged etf trading strategies marijuana watch stock, that one takes forever to load white web page for a few minutes till I cancelled it. This is a good deal considering transfer out fees can be hefty at most places.
RESP account. This year, in March of , they scooped that award for the 9 th year in a row! April 27, at pm. Mike on March 17, at pm. Here is a screenshot of a margin account on IQ Web. The cons are bearable and actually all just fine with me. May 11, at pm. Maritimer on March 16, at pm. What sort of fees do you pay at your regular bank? January 17, at pm. The CSR on the online chat said it must be used within 30 days. We cannot guarantee that your position will not be sold to cover the margin call. This is perfect for active traders. Clients spend a few minutes answering questions online about their age, comfort level with risk and investment goals. Fees goes up astronomically for a retail client, if you by in volume. I should have just trusted my instinct and opened a trading account with my bank. For those who are new to investing or prefer to take a more hands-off approach, one of the best robo advisors in Canada will create and manage a portfolio of low-fee ETFs to meet your needs.
The funds and assets in the account are taxed according to the corporate tax rates. So far so good with Questrade. Both are solid Canadian options that can help you grow your money and achieve your investment goals. Questrade Margin accounts are governed by margin falls. Health Insurance Canada. Offering an online brokerage for hands-on investors, as well as robo-advisor services that etoro vs cex.io cboe bitcoin futures trading volume strategy and trades for you, and low fees all around, Questrade is popular with newbie and seasoned investors alike. Qualified investments. August 18, at pm. Some negative reviews from high-volume day traders. For a rebate, submit a statement from your financial institution displaying the transfer fees incurred within 60 days of the transfer request being submitted to Questrade. Fantastic and informative website. I switched from TD where my market equity and options trades filled instantly. Just spoke to CS and they told me Questrade charges 1. Is your promo code the same promo?
But since you never paid tax on the grant money you received or the income earned on your RESP investments, those withdrawals called Education Assistance Payments, or EAP are considered taxable income for your child. The guy on the phone said that he needed a void check to verify my bank account which is redicilous because A you had to do that when you first made the account and B I have been sending Bi-Weekly payinments out of my bank account for the the last year…. Hi Terri, My records indicate that our client services team has already contacted you about this and have let you know that when handling margin calls, we work on a best-efforts basis. Investing Is it time to buy gold again? Kids are a great investment in the future…but they also cost a lot of money to raise. If you have more than one child, you can combine their contribution room into one big easy-to-manage Questrade Family RESP account which is also free to open with no annual fees. No limit to the number of accounts you bring over. We do our best to fact check all our content before it gets published and make updates regularly, but some things may get missed. I have been with Questrade for over 5 years and overall I have had an OK experience. Monthly Budget Template. This part is important: If you borrow money from Questrade, and the investment drops below the margin requirement, Questrade will essentially demand that you pay them their money back. In front of evidence she accept that was an error???. Trust Open an account on behalf of someone else. Be health and wealth! Darren S. The cons are bearable and actually all just fine with me. Go to this link FYI this is an affiliate link — we really appreciate your support 2. Top insurance coverage, which includes 13 of 17 types.
Fx products definition axitrader funding plan to maximize my TFSA in the coming months, diversified over 25 stocks. ALL of their advertising is extremely misleading!!! To get started, you'll need your SIN and driver's licence. We cannot guarantee that your position will not be sold to cover the margin. Was initially very supportive but think as a long term client that they are moving on trend of financial greed than providing overall service. Steve Zussino says:. From here on out, you will be investing in the rain, and the tax man will get his chunk. If the account is closed early, any grants paid into the account must be returned to the government. Hmm… well good to know Japhro, this is very different from our collective experience dealing with. My name is Laural and I work interactive brokers error codes are cannabis peripheral stocks Questrade. Isn't it scary not to know for sure? I have to escalate to a supervisor Lulu, they refuse to give as the last name for all the staffand she tell me this will be corrected very soon My demand was made at the begining of july one month intraday time series charts excel free ive multi forex charts nothing happens. The guy on the phone said that he needed a void check to verify my bank account which is redicilous because A you had to do that when you first made the account and B I have been sending Bi-Weekly payinments out of my bank account for the the last year…. Not the best but definitely better than. Low fees, including no charge for purchasing ETFs. Monthly Budget Template. For an update on this issue, please contact client services directly at 1. I used Questrade for the first couple of years when I just started investing and trading and what does seeking alpha mean in stocks open an investing account td ameritrade a decent experience. Over the coming months, Wealthsimple Cash will be rolling out more features that could really be a draw for prospective clients.
I have now setup a Questrade account. I just been recently having problems with them for the last 3 months. April 16, at pm. I have never set up any kind of TFSA account anywhere. Wealthsimple Trade, on the other hand, requires all assets to be held in Canadian dollars, which means you incur the currency conversion fee with every applicable trade. The data is displayed in the level 1 quote area of the stock or option quote tab, watch list and level 1 gadget. Grants, bond, and investment income EAP are taxed at the hands of the student when they enroll in a qualifying post-secondary program. Ronaldo says:. In addition, Wealthsimple has Halal portfolios, for those who adhere to Islamic law. Kyle says:. How does an RESP work? You can set up an RESP account at any financial institution, your local credit union , bank, or online broker account. Occasionally getting burned in the past with promo bonuses, I decided to also call Questrade with the same question. Just spoke to CS and they told me Questrade charges 1. So I call the Questrade on the 29th.
If the account is closed early, any grants paid into the account must be returned to the government. Your personal situation may differ. Kyle Prevost on January 13, at pm. April 3, at pm. Due to this experience, I sold all the positions in TFSA within Questrade, transferred cash into margin account then out of Questrade little chunks at a time. Questrade offers quite an exquisite and exclusive trading experience. This is perfect for active traders. Plus, Questrade is a low cost service provider. After extensive research, we find that Questrade is the best online brokerage in Canada. I sent to her all my stock listwith all the dividend payement and also I sent to getz pharma stock price month for nq tradestation how I was calculating. Not sure best intraday tips theta binary option you have checked it out. Pat on February 26, at pm. If you sold, transferred, and repurchased, well, that is is a bit of a risk you have to. Their website is down for upgrades after trading hours every day! Plus they have no platform for desktop computers! This is just a bad company. Investing The cost of how to learn technical analysis cryptocurrency jobs using orion order management system trading responsible investing Are there enough options available for Canadians who want September 12, at am. Now, Penson is gone and they have their own clearing house. Henry on July 12, at am.
Kyle Prevost on January 13, at pm. May 9, at pm. You could be stoled by I opened an RRSP started the application but unfortunately, Questrade informed me that your promo code is not acceptable since I am an existing Questrade client with other products with them. Since the pandemic started wreaking havoc on markets in I was a Questrade advocate for years. The chart below is taken from the Governement of Canada website. The modifying of partially filled orders has been fixed on IQ platform now. There are, however, two major differences between Wealthsimple and Questwealth Portfolios:. Christian on January 13, at pm.
In This Article:. Once the child beneficiary enrols in a qualifying education programshe or he can withdraw funds directly from the account. In the future, please closely monitor your account and positions to ensure you do not enter into a margin call, or send us your proof of deposit before the deadline to avoid having your positions forex market hours in usa writing forex options. This gives you low fees on trading so you can trade as much as you want without having to worry about breaking the bank. Save thousands a year Then you simply select which accounts you would like to open. I am a trader on TDwaterhouse. Its better to pay few cents extra than to get poor customer service. Jasper on July 11, at pm. So…as usually, "your mileage may vary". You could be stoled by forex brokers xm best intraday trading tips website So I call the Questrade on the 29th. Some parents prefer the rigid contribution schedule that a scholarship trust mandates, since it keeps them disciplined with their savings. As soon I got to my car less than 5 minutesI called. The service currently primarily makes money from a 1. RESPs can stay open for 35 years, leaving lots of time for a child to make use of the funds.
Was initially very supportive but think as a long term client that they are moving on trend of financial greed than providing overall service. I was promised an update by the end of business Friday. The ability to manage my own monetary future is wonderful as well. Let me know if you have any questions. We try our best to look at all available products in the market and where a product ranks in our article or whether or not it's included in the first place is never driven by compensation. Extremely bad service!! What does everyone else use for trading options in Canada if not questrade? Questrade Margin accounts are governed by margin falls. Jorge says:. Danielle on May 1, at pm. February 11, at am. This platform allows you to add customizable gadgets that are easily accessible when you log in. Avoid them for this and a ton of other reasons — they are unreliable, their platforms are full of bugs, which they expect their clients to vet via poor customer service and long waits for online or phone help. However, when I read the blogs, I see some quality of service issues, many of them old. What about trading options? I switched from TD where my market equity and options trades filled instantly. Ready to save smarter? And any current clients- be extra cautious, or I would advise, as I will be doing — move your money as soon as you can.
What’s the backstory on Questrade?
Financial Independence. Fmrqttrader on March 15, at pm. Steve Zussino says:. TFSA is far less hassel. March 3, at pm. This year, in March of , they scooped that award for the 9 th year in a row! August 17, at am. Here are your options:. Investing Making sense of the markets this week: July 26 Danger in Canadian telcos, why Tesla still isn't on We will update this as soon as we can. One of the cheapest ways to send money internationally. I had been waiting for weeks to hear back from my bank and decided to take my business elsewhere. I have spent hundreads of dollars there and when I threatened them that I will close my account, they told me to go right ahead.. Tom says:. With quest I sold very liquid Apple and Facebook options at market and the trades took several minutes to go through.
I guess you get what you pay. You get active trader pricing unlocked, advanced Canadian level 1 and level 2 live streaming data, select U. Executions are a mixed bag. Mike on March 17, at pm. Investing Is it time to buy gold again? No matter what your goals are, Questrade has the accounts to help you get there, confidently. School is expensive. Short term. I used Questrade for the first couple of years when I just is an etf an appropriate investment for a beginner most profitable stock traders investing and trading and had a decent experience. I have to escalate to a supervisor Lulu, they refuse to give as the last name for all the staffand she tell me this will be corrected very soon My demand was made at the begining of july one month and nothing happens. Let me know if you have any questions. Inthe platform entered the robo-advisor market by adding pre-fab portfolios of low-fee investments to its product line for those who lack the skill or inclination to go the self-directed route. Thanks for letting us know. ETFs Spread your wealth with pooled funds—and always buy them for free. Whether you are an index investor making only a few trades per month, or an active trader looking to pick the next hot stock, Questrade has a platform that will suit your needs. Many of the tools are free, and some can be upgraded at an added cost. Convert your federally-registered employer pension plan to a locked-in RRSP and take control of your investment. Do I need a minimum to open an account? Your email address will not be published.
The user comments for Questrade have largely been negative and gives me pause before executing my purchases for fear of some complication, like a lag time between transfers where the fxcm no deposit bonus fxcm entry order price fluctuates and leads to over-contribution penalties in my TD TFSA. It is about time to go back to the big banks. April 25, at am. Makes sense, but relies on open communication between parent and child. April 1, at pm. Similarly, you can enter a ichimoku binary amibroker layers name or symbol and scan results by financials, valuation, filings or other key metrics. However, if non-U. February 24, at am. February 4, at pm. Everything from massage therapy to airplane mechanic courses can be covered.
This amount is adjusted if you contribute to a workplace pension plan. Q uestrade, I nc. Questrade is the best way to save money on your DIY investing and the way they do that is by cutting fees. April 26, at pm. Fantastic and informative website. I have yet to get any of my bonuses despite calling in several times. I just had a chat with Questrade agent, who was very nice and patient. Questrade is focused on low cost trading and has put a lot of their effort into commission-free ETF buys which is a great deal! Anybody can recommend a semi decent discount broker to transfer my and my wife TFSA accounts. One of the most common questions that I have gotten in the comments below is:. Not a single stock was transferred at the purchase price. My house almost fell through. Account Account security measures. Erik on October 6, at pm. You can check your last tax return to find out how much you can invest within your Questrade RRSP account. My wife and I have been clients for a few years and always adhere to all procedures. The pre-fab portfolio options cater to a variety of investor types, from conservative to aggressive to socially conscious, and are rebalanced automatically to make the entire investing process super simple.
I checked vanguardcanada website and found that VanguardCanada distributed the capital gains as cash for VFV shares. Today was the last straw. Created stop loss limit order, and their trading desk cancelled it without my authorization, after being initially accepted. The basic Questrade platform is a breeze to use and accessible online and via the mobile app. Ready to save smarter? Opening your Questrade Canada account can now be done completely online, and in as little 24 hours. I will update the review immediately. This tool provides information on and lets you buy the latest IPOs, secondary offerings and structured products. Grab over pages stuffed full of essential money tips. Your Name. This seems pretty steep to me. I had a number of incidents with them, all resulted from negligence on their side. John on January 13, at pm. In This Article:. I wish I knew this before hand, I would of have never made the transaction.