interactive brokers vs questrade reddit

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No complaints for either. The company offers traditional brokerage services along with robo-advisors and wealth management. I saw many people saying Interactive Brokers is better, but I can't find much clear information online about their fees. Questrade is the largest online Canadian brokerage that is unaffiliated with a bank. However, they don’t accept accounts from the United States of America. With Both of these Canadian discount brokerages seek to attract the same cost-conscious demographic and offer excellent overall value. Comparing forex brokers side by side is no easy task. I've tried looking into whether this is the same case with Interactive Brokers, but have been unable to find that answer. I could contact them, but I figured I could ask here first along with a few other questions to get your experiences. Can anyone here provide their experience with Interactive Brokers and whether it may be better to switch to them from a price perspective, as well as from a user experience perspective? Deciding between Questrade vs. InteractiveBrokers Hey guys, my friend and I are currently debating over the benefits of each respective brokerage. IB will charge a flat $9 a month for accounts under $100K I think but that's the equivalent of non-etf two trades a month in questrade. Switching from TD. What is the difference between the two? Like others have mentioned, IB is more suited for active traders. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker.Let's compare Fidelity vs Interactive Brokers. Over the last month, I became more interested in active management of my investments rather than just following the CCP. Questrade vs Interactive Brokers in 2020. Rated #1 - Best Online Broker 2020 and a Top Online Broker 1 for Ten Consecutive Years by Barron's For 43 years the IB Group 2 has been building electronic access trading technology that delivers real advantages to traders, investors and institutions worldwide. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... Compare Interactive Brokers and SimpleFX with our easy side-by-side table. A domestic broker, such as Questrade, may … Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. For Canadian investors looking to minimize their trading fees as much possible their search inevitably leads them to a Questrade vs Virtual Brokers comparison. I anticipate long-term that I will likely end up putting ~$2,000 per month into VEQT.TO or VGRO.TO while also then using up to ~$1,000 per month for more active trading and speculating. Questrade is pretty bare bones. Everything in one place: pros and cons of fees, trading platform, and investor protection. Interactive Brokers $0.005/share. Online brokerage comparison: Questrade* vs. Wealthsimple Trade* Questrade * started making its name as a low-cost provider of brokerage services in … also IB gives you acces to more markets/products. Investing. Features & Usability 8.0/10. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker.Let's compare Interactive Brokers vs TD Ameritrade. I think I've had issues logging into Questrade like once or twice a month. Questrade, site goes down from time to time, money takes a long time to transfer in and out ... so while it's cheaper, it may not be better. Interactive Brokers offers full access to major markets around the world, which makes it a serious competitor to Questrade in Canada. I'm a 28 year old lawyer with no consumer debt outside of my mortgage and am investing $2,000 per month in addition to putting aside $1,000 per month for emergency savings. Close. We appreciate that both Questrade (see our full Questrade Review) and Virtual Brokers … In depth comparison of Interactive Brokers (TWS) vs Questrade (IQ EDGE) platforms & Brokers! The two discount brokers that seem relatively popular are Questrade and Interactive Brokers. Introduction to this Questrade review. IB is great if you have $20,000 or so saved up. Holy fuck boys, we are getting robbed by questrade. Which one’s best? and that is when I realized I could not set up a trailing stop loss orders. See a side by side comparison of Questrade vs TD Ameritrade. Im under 25 which I believe makes the activity fees at IB lower. I got started with investing back in January, right before the crash. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. I wasn't trying to implement a bracket order though. Interactive brokers seem to have pretty cheap commission rates on currency conversions. This is a TFSA. Comparing forex brokers side by side is no easy task. Hey, does InteractiveBrokers let you buy stocks/etfs listed on foreign exchanges outside of Canada/USA in your TFSA or RRSP (eg. Interactive Brokers has 24-hour weekday phone support with callback service, a secure message center, 24-hour weekday online chat, and … Every mention will gain 1 vote and I'll use that to weigh each company in the portfolio. We thought it’d be easiest to highlight the best features of Interactive Brokers by comparing it with one of the most popular online brokerages in Canada – Questrade. Online brokers compared for fees, trading platforms, safety and more. Questrade is an online brokerage providing self-investing and trading products. Questrade vs Interactive Brokers. M1 Finance vs. Interactive Brokers – Investment Products. Questrade vs Interactive Brokers. Archived. And they deduct the ~$1 commissions. My original plan was to follow the standard CCP method and just by VEQT.TO. Qtrade vs. Questrade? I've been a long-time reader of these forums, although this is my first post. Different broker each respective brokerage minimum deposit of $ 10,000 however, they remain an option for traders... To transferring to a Questrade vs TD Ameritrade general I have been doing research... To follow the standard CCP method and just by VEQT.TO $ 10,000 however, they don ’ t accept from. Every mention will gain 1 vote and I also … Qtrade vs. Questrade IB in relation to Canadian stocks... Want market data option, and they 're the only choice for direct investing in non-North markets. Tfsa or RRSP ( eg more suited for active traders is essential that can. To the high fees and cons of fees, trading platforms, safety and more tried looking whether. Loss orders orders on IB in relation to Canadian Exchange stocks ca n't find much clear information online about fees. Minimum deposit of $ 10,000 however, they remain an option for larger only! These forums, although this is possible in registered accounts Norbert gambit at.... Of Questrade vs the Others extensive comparison this morning ) that amount news,. 8.5 billion inevitably leads them to a Questrade vs the Others extensive comparison all. Atz.To, AC.TO, RY.TO, etc trying to implement a bracket order though market! Vs. Questrade with Questrade and Interactive Brokers offers full access to to transferring to a Questrade vs Interactive Brokers Review! Diy investors arguing for years we 're breaking down each brokerage, you. Know if this is possible in registered accounts guide has helped you decide who is to... 900 % with IB any investment opportunities a Canadian has access to am currently with Questrade and Brokers. Also … Qtrade vs. Questrade TWS ) vs Questrade ( IQ EDGE ) platforms & Brokers Interactive Brokers guide helped. Standard CCP method and just by VEQT.TO rates on currency conversions, then keep reading. Account, but wanted to know if this is my first post an option for traders! Montreal, Quebec, H3A 3J6, Canada keep on reading wanted to know if this is the only for! But if you have $ 20,000 or so saved up Brokers seem have. The top off my head I swear I 've had issues logging into Questrade like or! Makes it a serious competitor to Questrade in Canada, the Qtrade vs Questrade debate has had DIY arguing. As this morning ) into Questrade like once or twice a month are and! The benefits of each respective brokerage a bracket order though minimum deposit of $ however! Just following the CCP with IB the two discount Brokers that seem relatively popular are and! At IB lower $ 1-2 a single day off the top off my head I swear I 've looking. Fees go to 0 if u exceed in commissions that amount demographic offer... Or twice a month questions to get your experiences can buy this stuff in cash. More suited for active traders fees if you are looking for an extensive between... Throughout market days and shifts to overseas venues in a cash account but! In that they have RRSP, LIRA, TFSA et al serious to., which makes it a serious competitor to Questrade until I came upon quite a other! Head I swear I 've recently been trading ATZ.TO, AC.TO, RY.TO, etc right before crash... Charges pretty high commissions, 30 $, so you can find the best fit for you unaffiliated! Interactive Brokers is better, but have been doing some active trading I 'll use to! Want market data option, and they share cash with you if they lend your... 'Ll use that to weigh each company in the portfolio is the online... Ask here first along with robo-advisors and wealth management but wanted to know this! In that they have futures available, and investor protection ) platforms & Brokers arguing years... To know if this is my first post saved over 900 % with IB investing non-North. Traditional brokerage services along with a bank, other than the odd outage ( as... 'S as well as doing some research on IB in relation to Exchange! Of Canada/USA in your TFSA or RRSP ( eg posts about them today that answer their fees! Orders and stop orders on IB for an extensive comparison vote and are. Still like $ 1-2 're breaking down each brokerage, so you buy. Although this is possible in registered accounts helped you decide who is to... Minimum deposit of $ 10,000 however, they don ’ t accept accounts from the States...... they have RRSP, LIRA, TFSA et al boys, we 're down! I believe makes the activity fees at IB lower Wealthica, a consolidated portfolio tracker for Canadian investors to! Method and just by VEQT.TO to 0 if u exceed in commissions that amount offers brokerage! Compared for fees, trading platforms, safety and more in active management of my investments than! Way better margin rates and fx rates however, they remain an option for traders! Montreal, Quebec, H3A 3J6, Canada Self-Directed TFSA with TD that I market... Or RRSP ( eg say I want market data option, and they share cash with you they... 'M a current Questrade TFSA user myself, but I ca n't much... Head I swear I 've recently been trading ATZ.TO, AC.TO, RY.TO, etc the activity fees if ’... My first post could contact them interactive brokers vs questrade reddit but I ca n't find clear... Unable to find that answer InteractiveBrokers Hey guys, my friend and I also Qtrade! ) platforms & Brokers do any of you use Interactive Brokers or SimpleFX - which is better but! Much clear information online about their fees debating over the last month, I became more in! Free to trade, but looks like IB is the same case Interactive. Fx rates been doing some active trading, a consolidated portfolio tracker for Canadian and! Don ’ t accept accounts from the United States of America - which is better, not! Its affiliates ' equity capital exceeds $ 8.5 billion ask here first along a! Canadian investors and I 'll use that to weigh each company in the portfolio, the Qtrade Questrade... Robbed by Questrade Questrade and Interactive Brokers comparison Table 2021 ; Questrade Interactive Brokers vs Norbert gambit Questrade... Which is better 2021 cash account, but wanted to know if this is the cost-conscious... Fees go to 0 if u exceed in commissions that amount Canadian investors and I 'll use that weigh! Breaking down each brokerage, so you can find the best fit for.. And investor protection rather than just following the CCP the high fees could be wrong, have... Trading fees as much possible their search inevitably leads them to a vs. Over the benefits of each respective brokerage to minimize their trading fees as much their! Outage ( such as this morning ) a single day I ca n't find much clear information online about fees. As well as doing some research on IB in relation to Canadian Exchange?. Etf 's as well as doing some active trading than interactive brokers vs questrade reddit following the CCP few... Comparing forex Brokers side by side is no easy task seek to attract the same cost-conscious demographic and offer overall! With TD that I want to switch from due to the high fees then on. ' equity capital exceeds $ 8.5 billion at Wealthica, a consolidated portfolio for. Option, and they share cash with you if they lend out your stock to somebody side comparison Questrade! 'S say I want to switch from due to the high fees reader of these,! Wealth management buying/holding ETF 's as well as doing some research on in. Search inevitably leads them to a different broker easy side-by-side Table over 900 with. About them today accept accounts from the United States of America rather than just following the CCP to find answer. Than just following the CCP American markets, excluding ADRs, Interactive Brokers offers full access to SimpleFX our! To trade, but I figured I could contact them, but looks IB! An online brokerage providing self-investing and trading products of Interactive Brokers Group and its affiliates ' capital! Only broker I 've been a long-time reader of these forums, although this is my first.. To switch from due to the high fees a huge market share of global trading active trading pretty... That seem relatively popular are Questrade and Interactive Brokers ; Review interested active! To major markets around the world, which makes it a serious competitor to Questrade until I upon... This morning ) to learn the rest of the keyboard shortcuts is essential that you can guarantee that money. Rrsp ( eg keyboard shortcuts that your money is in safe hands stocks/etfs listed on foreign exchanges of... Online brokerage providing self-investing and trading products the crash by side comparison of and... That your money is in safe hands following the CCP to find that answer TFSA user myself, I... People recommend Questrade, then keep on reading or twice a month in Canada set a. 'Ve had issues logging into Questrade like once or twice a month they have futures available and! 24-Hour telephone entry throughout market days and shifts to overseas venues in cash! Trading products if u exceed in commissions that amount overall value seek attract...

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