Questrade
Questrade.com: $4.95 Stock Trades, $50 Rebate when You Open An Account with $1000+
If you're searching for an affordable service to trade stocks online, you should take a look at Questrade.com. Questrade is a Toronto based direct-access broker that offers a per trade price from $4.95 to a maximum of $9.95. They also have no activity minimums, no inactivity fees, and 24-hour account management.
Use offer code redflagdeals when signing up a new account with a minimum of $1000 and you will also receive a $50 rebate. Additionally, if you move an account with a minimum of $25,000 from another Canadian brokerage, Questrade will pay your transfer fees up to a maximum of $150.
If you're looking to do more research, there's a long-running thread in our personal finance forums that discusses Questrade with over 2000 replies.
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Its not everything that is down, but getting account activities and statements often is.
It can be frustrating to want to check something and be told "oops! we are down for scheduled maintenance ...". Seriously, 4 hours maintenance each and every day?
Overall though, I am fairly pleased with the service. Not a fan of their "new" IQ interface for trading, especially if (like me) you are trading only occasionally.
Call support is not very good. I'm waiting now 20+ minutes on their support line.
Please read comments on their forum before you decide to partner with them.
They upgraded to a new trading platform and its highly unstable. It was down one morning during early morning trade and there was a whole uproar on twitter .. i mean how can a broker go down?? Seriously... Time is essential if your a day trader and not being able to sell / by means large financial losses.
You get what you pay for when you use Questrade.