ibkr vs questrade reddit

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

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