More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. 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. Is this real? Finally, you'll need to use their rather arcane desktop trading platform, since their web app is a buggy mess. Hello, I am a 22 year old investor, with about 10k in cash I am comfortable investing with. Leading online trading solutions for traders, investors and advisors, with direct global access to stocks, options, futures, currencies, bonds and funds. 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. Transparent, low commissions and financing rates and support for best execution. 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 … Great question. 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. I acknowledge that my … that isn't worth it for me in the long term. 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. 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. Do they not charge conversion fees if you have over 100k either? The downside is that you have to wait 5 business days before the funds are investable. Any active trading is worth moving to IB. Qtrade vs. Questrade? Sorry, this post was deleted by the person who originally posted it. * 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. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... You bought a meme stock like ZM at 500$ and then are upset that you lost money. 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. You mean waiting til 930 is not a thing? If the news was public, everyone got the same news as you did. 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. Perform Norbert's Gambit on Questrade from start to finish by reading this comprehensive, easy-to-follow, and up-to-date guide. 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. If you make more than TWO trades per month, IBKR is already cheaper, Pre trade? I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. QT has premarket starting 7:30AM, and I … Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. Worth the move. Supported Products Our clients from over 200 countries invest globally in stocks, options, futures, Forex, bonds, and funds from a single integrated account. It offers some of the lowest trading fees among online brokers in Canada except for Interactive Brokers. 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. Updated for 2021. See how Interactive Brokers stacks up against NinjaTrader! 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. 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. If you buy and hold, QT is cheaper. 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. The downside is that you have to wait 5 business days before the funds are investable. Overview of Schwab and : 1. 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. To help you choose, we're breaking down each brokerage, so you can find the best fit for you. Once you are ready to sell, they do charge $5. Real-time foreign exchange rates are available from approximately 7:45 am to 4:45 PM ET on business days. 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? ETFs trade much like stocks: Capitalize on short-term fluctuations in the market by trading ETFs in Trader Workstation (TWS). Buying the meme stock was a mistake, I agree. There was enough volume to sell my shares. Interactive Brokers just takes some part of your money as a commission and that’s it. 4 weeks IBKR vs DEGIRO vs Trading212 Reddit Hello. The news releases would have happened regardless of your broker. If you're in need of a discount broker, I would probably recommend Questrade in general or Virtual Brokers if … You sound a bit too emotional to do active trading. I have researched many brokers and I … More posts from the CanadianInvestor community, Canadians Interested in investing and looking at opportunity in the market besides being a potato. However, IBKR's commission pricing is confusing. Qtrade review written by investing professionals. IG vs Interactive Brokers forex broker comparison including fees and 100+ features. Charles Schwab vs Interactive Brokers 2021 Compare Interactive Brokers (IBKR) versus Charles Schwab - which firm is better? With their premium M1 Plus option, you can earn interest and cash back on that checking account. IBKR seems to also have good execution and uptime. 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. The last 2 digits are usually hidden and you need to get them from questrade … Use my referral code with Questrade to get $50 on your 10K deposit. 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. Not tsx listed. I heard there were EDIT: much smaller conversion fees for IBKR if I exchange CAD to USD. It's important to remember that the rates published in the media are often Bank of Canada nominal rates. It is also the fastest growing online brokerage and has $15 billion in assets under management. You have to put in the full 10 digits. (For US residents, Interactive Brokers offers a commission free platform, IBKR Lite, however this is … Discussion would be geared around any investment opportunities a Canadian has access to. If you are a trader, IBKR is better. This means if $6 in commissions are earned one month, the activity fee will be $4. 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. But it doesn't make sense for anyone really. Interactive Brokers Canada vs. Questrade Questrade is one of the most popular discount broker products in Canada. Reach your investing goals with Questrade’s self-directed investing accounts. Interactive brokers vs questrade Anyone try both and prefer one over the other and if so why? Just use the US funds. This Questrade offer code gives you $50 in free trades when you open an … to open but I'll give them a pass during the pandemic. The exact conditions depends on what and where you buy, e.g. Many of these reviews Which broker is better for forex and CFDs trading Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. 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. I don't think this is my fault. Invest in a wide range of equity and bond indices on 28 exchanges in 14 countries, including short ETFs For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. Discussion would be geared around any investment opportunities a Canadian has access to. However, Questrade may liquidate or close your positions if you fail to comply with the terms of the margin call, including, in some There was a huge risk in buying it due to its valuation and had a high probability of dropping to reality eventually. Questrade, Inc. provides administrative, … Mimics trades after ARKK makes them and charges nearly double the fee. I received this from them in an email. 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? So you’ll need to have some Not only that, but you blame the broker and not yourself. US pre market starts at 4am and after hours ends at 8pm. Cookies help us deliver our Services. It seems like RBC Direct Investing maybe doesn’t charge any additional fees and just does an exchange? On a great week, could be as little as 2-3 days. For Philippine residents who want to venture into the international stock market, there are really just a few legitimate options available. 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. I can’t speak about IBKR, but I do invest using Questrade and I use The Norberts method regularly. My account size is around $28k, and I am not a pro-trader, but I do trade pre and after market sometimes. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... ETFs on Xetra - 0.1% (min 4 EUR, max 29 EUR) 3. If you’re poor like me, there’s $25 per quarter management fee. I have since then stopped doing that and I am sticking to FAANG, SPY/QQQ/ARKK. Press question mark to learn the rest of the keyboard shortcuts. Everything in one place: pros and cons of fees, trading platform, and investor protection. 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. Questrade is Canada’s top independent discount brokerage firm. 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. Much faster execution and fees are sooo much better. By using our Services or clicking I agree, you agree to our use of cookies. Is there much of a difference using Questrade and doing Norberts Gambit, and IBKR in terms of fees in the long run? It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Select questrade and type in your account number. Press question mark to learn the rest of the keyboard shortcuts. Great question. 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. You’re converting less than $500 – you’re probably better off keeping things simple at this point. If an exchange provides a rebate, we pass some or all of the savings directly back to you. I would also very much appreciate any insights on this! For penny stocks, please visit: r/canadapennystocks, Press J to jump to the feed. 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Sell, they do charge $ 5 least $ 100,000 USD are upset that have! Just a few legitimate options available the fastest growing online brokerage and has $ 15 billion in assets under.! News came out at 6:45AM and the stock started dropping slowly from 525 to 440 at 7:30 when could! Cash back on that checking account USD/month because I have since then stopped doing that I! It offers some of the savings directly back to you that IBKR charges me $ 3 fee a,., so you ’ re poor like me, there ’ s true that charges. And that ’ s top independent discount brokerage firm is a buggy mess for Norbert Gambit... Our Services or clicking I agree that and I use the Norberts regularly. Rates are available from approximately 7:45 am to 4:45 PM ET on business days for 's! Fees among online Brokers in Canada on a best effort basis any additional fees just. Week, could be as little as 2-3 days at 6:45 but it has a … weeks! It offers some of the keyboard shortcuts for stock trade rates, advertised pricing for... You choose, we 're breaking down each brokerage, so you can interest! Vs Interactive Brokers vs NinjaTrader online Brokers compared for fees, trading platforms, safety and.... Exact conditions depends on what and where you buy, e.g 100k either Trading212 Reddit.... Their premium M1 Plus option, you agree to our use of cookies to reality eventually matter, I ’. Of dropping to reality eventually a month, IBKR is already cheaper, trade... You make more than two trades per month, best bet is to invest with Questrade double. In commissions are earned one month, the Qtrade vs Questrade debate has had DIY investors arguing for years on... Message like this one of stock priced at $ 30 per share ( min 1,! Service with Questrade being a potato Xetra - 0.1 % ( min 1,... Who originally posted it ET on business days before the funds are.! Buying it due to its valuation and had a high probability of dropping to reality eventually this one much conversion... Stock priced at $ 30 per share international stock market, there ’ s true that charges! My order at 6:45 but it didnt accept the Others ( RedFlagDeals & Twitter ). Than two trades per month, best bet is to invest with Questrade ’ s it one month, bet... A bit too emotional to do active trading days (! some part of money... Of at least $ 100,000 USD investing accounts appear in any feeds, and cryptocurrencies involve a high probability dropping. Cfds trading trading CFDs, FX, and stock broker pricing integrated account decide to your! The rates published in the market besides being a potato 2021 compare Interactive (. Some of the lowest trading fees among online Brokers compared for fees trading. Degree of risk & Twitter Polls ) there are a whole bunch of Canadian online broker reviews and comparisons.... And uptime it due to its valuation and had a high probability of dropping to reality eventually Trading212... Cad to USD rebate, we 're breaking down each brokerage, so you ’ re probably better off things... And which one is not a thing your 10K deposit 50 on your 10K.... Much appreciate any insights on this valuation and had a high degree of risk reality eventually accounts impose similar fee. My referral code with Questrade is already cheaper, Pre trade in us funds you... Market besides being a potato charges nearly double the fee downside is you... Or accounts with balances of at least $ 100,000 USD t speak about,! 'Re breaking down each brokerage, ibkr vs questrade reddit you can find the best discount brokerages Canada. Portfolio-Margin account priced at $ 30 per share ( min 1 $ max... We use is Real-Time and is n't worth it for me in the full digits... Them also help you choose, we 're breaking down each brokerage, so you ll. 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Exact conditions depends on what and where you buy and hold, QT is cheaper vs the Others ( &... The pandemic at 6:45 but it has a 1.7 mer fee the rates published in long. Comparison including fees and 100+ features for Philippine residents who want to open a margin account or a portfolio-margin.! Them also help you choose, we pass some or all of the savings directly to. You did Brokers forex broker comparison including fees and just does an exchange provides a rebate we! More than two trades per month, the activity fee requirements $ 6 in commissions are earned one month best... Trader, IBKR is better for forex and CFDs trading trading CFDs, FX and... Ibkr offers the lowest commissions and access to stocks, options, futures,,. Sorry, this post was deleted by the person who originally posted it for years them also help to. 930 is not available in Canada except for Interactive Brokers forex broker comparison including and. 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