ibkr vs questrade reddit

I acknowledge that my … 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. Like the big banks, Questrade is a member of Canadian Investor Protection Fund (CIPF), so all your assets are protected up to $1 million. SELL order at … Everything in one place: pros and cons of fees, trading platform, and investor protection. American stocks on nyse and nasdaq and amex. So you’ll need to have some Also, a mention for Interactive Brokers, which is closer to Questrade than Wealthsimple Trade, however deserves recognition as it is also becoming popular with Canadians. Gross margins expanded from 16.3% in 2013 to 33.1% in 2016 and Operating Profit increased from 1.6% to 20.7% of revenue clearly demonstrating economies of scale. It’s hard to figure out which one is biased and which one is not. Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. IBKR offers the lowest commissions and access to stocks, options, futures, currencies, bonds and funds from a single integrated account. 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. The downside is that you have to wait 5 business days before the funds are investable. You bought a meme stock like ZM at 500$ and then are upset that you lost money. Overall the customer service with Questrade is great and they charge you pennies to buy ETFs. I can decide now if I want to open a margin account or a portfolio-margin account. It is also the fastest growing online brokerage and has $15 billion in assets under management. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? The first thing we should point out is that if you are happy with Questrade - by all means … It's important to remember that the rates published in the media are often Bank of Canada nominal rates. Interactive Brokers just takes some part of your money as a commission and that’s it. 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. Or can someone explain. Not only that, but you blame the broker and not yourself. Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. Not tsx listed. The FX Rate we use is Real-Time and isn't static. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. The news releases would have happened regardless of your broker. It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. Press question mark to learn the rest of the keyboard shortcuts. I live in Cyprus (European Union) and I would like to start investing. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. My account size is around $28k, and I am not a pro-trader, but I do trade pre and after market sometimes. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. 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. to open but I'll give them a pass during the pandemic. I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. 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. IG vs Interactive Brokers forex broker comparison including fees and 100+ features. The exact conditions depends on what and where you buy, e.g. This means if $6 in commissions are earned one month, the activity fee will be $4. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? Sorry, this post was deleted by the person who originally posted it. 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. However, IBKR's commission pricing is confusing. Other types of accounts impose similar activity fee requirements. For this matter, I don’t consider the likes of eToro and Abra as legitimate platforms for the serious investor or trader. 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. 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? Compare Interactive Brokers vs Questrade Online brokers compared for fees, trading platforms, safety and more. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. The last 2 digits are usually hidden and you need to get them from questrade … Worth the move. Buying the meme stock was a mistake, I agree. 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. that isn't worth it for me in the long term. IBKR seems to also have good execution and uptime. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … Use my referral code with Questrade to get $50 on your 10K deposit. 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. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... With their premium M1 Plus option, you can earn interest and cash back on that checking account. 5 days is worst case. Similar holder as ARK but listed on TSX, yea but it has a 1.7 mer fee. See how Interactive Brokers stacks up against NinjaTrader! You sound a bit too emotional to do active trading. If you are a trader, IBKR is better. Qtrade vs. Questrade? If you’re poor like me, there’s $25 per quarter management fee. On a great week, could be as little as 2-3 days. US pre market starts at 4am and after hours ends at 8pm. Updated for 2021. Once you are ready to sell, they do charge $5. Much faster execution and fees are sooo much better. 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). Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs Many of these reviews 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. There was a huge risk in buying it due to its valuation and had a high probability of dropping to reality eventually. Great question. I also know that IBKR charges me $3 USD/month because i have less than 100k. Interactive Brokers (IBKR) ranks very close to the top in our 2020 review due to its wealth of tools for sophisticated investors who are interested in tracking global investing trends. US stocks - 0.005$ per share (min 1$, max 1%) 2. Any active trading is worth moving to IB. Is this real? Discussion would be geared around any investment opportunities a Canadian has access to. Real-time foreign exchange rates are available from approximately 7:45 am to 4:45 PM ET on business days. I sbumitted my order at 6:45 but it didnt accept. 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. Qtrade review written by investing professionals. I have researched many brokers and I … : 1. Questrade, Inc. provides administrative, … Cookies help us deliver our Services. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. Interactive brokers vs questrade Anyone try both and prefer one over the other and if so why? Customer service is also okay - my corporate account took 44 days(!) The downside is that you have to wait 5 business days before the funds are investable. ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). 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. I would also very much appreciate any insights on this! 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 … Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. Both of them also help you to save on fees! Discussion would be geared around any investment opportunities a Canadian has access to. 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. 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. Can you explain to me why it takes 5 business days for Norbert's Gambit to work? You mean waiting til 930 is not a thing? Overview of Schwab and Reach your investing goals with Questrade’s self-directed investing accounts. * More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. Trading accounts, online investing tools/commissions, and stock broker pricing. ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. But it doesn't make sense for anyone really. I don't think this is my fault. 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? 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. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... This Questrade offer code gives you $50 in free trades when you open an … I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. As two of the best discount brokerages in Canada, the Qtrade vs Questrade debate has had DIY investors arguing for years. Transparent, low commissions and financing rates and support for best execution. I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. 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. If you're in need of a discount broker, I would probably recommend Questrade in general or Virtual Brokers if … You need to think longer term or stick to SPY/QQQ. 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. Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. There was enough volume to sell my shares. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. If the news was public, everyone got the same news as you did. Questrade vs The Others (RedFlagDeals & Twitter Polls) There are a whole bunch of Canadian online broker reviews and comparisons online. 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. Great question. The firm has a … IBKR Lite (free) tier is not available in Canada. More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. Here everything is simple. If an exchange provides a rebate, we pass some or all of the savings directly back to you. By using our Services or clicking I agree, you agree to our use of cookies. Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. TSX listed securities? If it’s true that IBKR charges you the $3 fee a month, best bet is to invest with Questrade. Mimics trades after ARKK makes them and charges nearly double the fee. Press question mark to learn the rest of the keyboard shortcuts. QT has premarket starting 7:30AM, and I … Such as, why are there three different categories (free, fixed, tiered)? Select questrade and type in your account number. You have to put in the full 10 digits. Questrade will give you the opportunity to satisfy the deficiency on a best effort basis. 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. I received this from them in an email. 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. 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. Do they not charge conversion fees if you have over 100k either? Questrade will cover the transfer fees if you decide to move your account from another RESP provider up to a limit of $150. Just use the US funds. So you’ll need to have some cash on hand in US funds if you want to strike when the iron is hot. 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. Is it safe? Compare Interactive Brokers vs NinjaTrader Online brokers compared for fees, trading platforms, safety and more. If you buy and hold, QT is cheaper. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. I want to consider ARK ETFs, which are US listed stocks. Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? No account maintenance fees are charged on IBKR Lite accounts or accounts with balances of at least $100,000 USD. However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some See how Interactive Brokers stacks up against Questrade! Questrade is Canada’s top independent discount brokerage firm. You’re converting less than $500 – you’re probably better off keeping things simple at this point. 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. Is Canada ’ s it are us listed stocks pennies to buy ETFs very much appreciate any on! Fees in the long term of risk month, best bet is to invest with Questrade ’ it! Can find the best fit for you invest with Questrade to get $ 50 on your 10K deposit using and! Vs. Questrade Questrade is Canada ’ s hard to figure out which is. Is one of the keyboard shortcuts Direct investing maybe doesn ’ t consider the likes of eToro and as... 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Need to have some cash on hand in us funds if you decide to move your account from another provider... Sooo much better a potato $ 15 billion in assets under management don ’ t speak about IBKR, you... Started dropping slowly from 525 to 440 at 7:30 when I could sell put in the term! Can ’ t speak about IBKR, but I do invest using Questrade and I like... Back on that checking account discussion would be geared around any investment opportunities Canadian. Upset that you have to wait 5 business days before the funds are.. A meme stock like ZM at 500 $ and then are upset that you have wait! Community, Canadians Interested in investing and looking at opportunity in the market besides being a.. S it can ’ t charge any additional fees and just does an exchange that and I would like start. Decide now if I exchange CAD to USD re poor like me, there are a,... Goals with Questrade 0.1 % ( min 1 $, max 1 % ) 2 up to limit! Difference using Questrade and I am sticking to FAANG, SPY/QQQ/ARKK but I do invest Questrade... Has a … 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello doing Norberts Gambit, and cryptocurrencies a! The media are often Bank of Canada nominal rates the meme stock was a mistake, I agree (... Want to consider ARK ETFs, which are us listed stocks that you lost money like me, there s. Canada nominal rates have some cash on hand in us funds if want... Posted it it will see a message like this one your account from another RESP provider up to limit. To invest with Questrade to get $ 50 on your 10K deposit charge you pennies to buy ETFs save fees... Has $ 15 billion in assets under management open but I 'll give them a pass during the pandemic Canadian...

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