The 95¢ stock trade: Questrade introduces the lowest commission rate in Canada
TORONTO, March 18, 2013 /CNW/ - Today, Questrade rolled out 95¢ stock trades, the lowest commissions in Canada. The 95¢ commission is available to any client who is registered in the Questrade Advantage™, a program that also provides $6.95 option trades and a subscription to Intraday Trader, a personal technical analysis tool.
Edward Kholodenko, President and CEO of Questrade said: "Innovation and value are the two pillars of Questrade. We want to make it affordable so all investors can take finances into their own hands. This is why Canadians open accounts with us in the first place and why they stay for the long term. Today's announcement - the 95¢ stock trade -- proves our commitment to transforming brokerage services."
95¢ stock trades, available through the Questrade Advantage™, are available to every client. There are no minimum account balances or number of trades per month to qualify. When a client registers for an advanced Canadian or U.S. market data plan, the client would be automatically enrolled in the Advantage and get a choice of two commissions: 1¢ per share, minimum 95¢ / maximum $6.95; or $4.95 flat. All options trades are $6.95 with 75¢ per contract, and every trade accumulates towards data plan rebates.
The 95¢ stock trade is the most recent addition to a growing catalogue of pricing and service innovations. In February, the brokerage firm announced commission-free ETF (exchange-traded fund) purchases. In previous years, Questrade rolled out Mutual Fund Maximizer®, which rebates mutual fund trailer fees, and the first dual currency registered account with USD in RSP®, which eliminates mandatory currency conversion fees. Other services include commission-free bond trading and free U.S. streaming market data with Nasdaq Basic in the firm's trading platforms.
Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund.
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms, as well as forex trading. Since 1999, the company has led the industry in delivering outstanding service, exclusive products and services, and competitive pricing. This commitment to innovation has appealed to independent investors, and for the past two years, the company has ranked as Canada's fastest growing online brokerage. Questrade also earned the designation as one of Canada's Best Managed Companies for 2011 and 2012.
SOURCE Questrade Inc.