DON’T Use Questrade Until You Know This…

Рет қаралды 42,263

Жыл бұрын

questrade.sjv.io/c/2558803/14...
If you want to check out Questrade, use the link above as it helps the channel! :)
Questrade is a great platform, but like anything - Questrade isn't perfect. I do not think you should use Questrade until you know these answers to some of the questions around Questrade I asked in the video - but if you do know, they go right ahead!
Questrade is one of the best platforms but a great alternative is Wealthsimple trade which you can check out here!
wealthsimple.sjv.io/ZoPQz
The links above are affiliate links which Nathan Kennedy / New Money Nate Inc may earn an affiliate commission or referral bonus upon you signing up or visiting the site. This does not cost you anything at all and helps fund the channel to make more videos for you!
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Пікірлер: 79

@Chester-lw5ov 9 ай бұрын

Have Questrade account and money on the US side. Is there a money market type asset to hold money in that pays a reasonable rate of interest (similar to CDN GIC's).

@bunbee2023 Ай бұрын

If you switch from a big bank, how do you set up automatic deposits into your Questrade account(s)? Thanks!

@ShaneCrazy Жыл бұрын

Hey great vid! do you have to put in a min of 1000 to open a TFSA account on questrade or is that only for other accounts? and would you recommend it for day trading? thanks!

@newmoneynate Жыл бұрын

Hey bro! You do have to with the TFSA. Generally, the CRA says to stay away from day trading within a TFSA - but if you’re using a standard brokerage account, I believe Questrade trading options are pretty solid!

@edwinparathundathil6742 Жыл бұрын

nope the minimum is 250 on a tfsa on questrade

@xtasktaste0 9 ай бұрын

What about the ECN fees? Questrade pass on the ECN fees to the users which could add up to a lot.

@rnrsafari2533 Жыл бұрын

is it $10 + $1 per contract for options just to buy or to sell as well? Thank you for all the great videos i am a new sub for sure

@newmoneynate Жыл бұрын

Thank you so much my friend - I would assume it’s on both ends but I’m not too sure as I haven’t traded options in the platform myself. Interactive Brokers may have more competitive fees for such things!

@thinkpassiv 2 ай бұрын

Great review and comparison!

@martycurtis7090 3 ай бұрын

My wife and I are going to retire soonish, by which I mean sell off our businesses. This means no more business income (we've always taken dividends). We have plenty of cash right now, will have plenty more when we sell the businesses, and even more when we get inheritances. We have $400K(ish) with an investment firm now that is invested in dividend paying stocks and fixed income products, but the fees are pretty high, so I am exploring options. One thing I don't understand, and need to know, is if I move all my noney into QT and invest in ETF's, mutual funds, high quality stocks etc (a mix of dividend/interest paying) where/how do I get the dividend/interest payments that I want to live on? Is there a separate account type within QT that I have to open up?

@GoodAdviceAlways 11 ай бұрын

10.95 usd to open a trade & 10.95 usd to close a trade That exorbitantly high commission fees😮, Not worth for small options trader, stay away

@kyledaniell6215 Жыл бұрын

Does Questrade offer a basic non-registered cash account? I don't see it on their website.

@Veronica-tk9rl Жыл бұрын

I might be wrong but I believe that is the margin account

@Epicknuckle1 Жыл бұрын

It is the Margin account, it offers the option for you to borrow from Questrade if you want.

@Johnefinance Жыл бұрын

Looks like Canada needs to improve their power grid 😂 Great breakdown as always Nate!

@newmoneynate Жыл бұрын

Lol thank you bro!!

@alanv3185 7 ай бұрын

Is IBKR Das Trader better than Questrade's Edge for day trading?

@click2invest01 4 ай бұрын

Off course. Ibkr in my opion is the best for active traders

@Pmz604 Жыл бұрын

questrade is missleading, if your an active trader regardless if you have a small or large account.. if your trading frequency is shown that you trade regularly such as daily. Their system will view you as a professionl trader and your fees will be much greater... and that greater fee is not marketed on their website.

@kbs7340 Жыл бұрын

Great vid. Thx 💖👍

@newmoneynate Жыл бұрын

Thank you!!

@StarrDust0 Жыл бұрын

Thanks, learned a couple of new things about QT.... I have an acct with them already...but I should've gone with IB, as I'm a trader. Anyways maybe in the future.

@jmj48 11 ай бұрын

Lacking the agility for Options trading compared to Think or Swim

@ExploringAlpha 9 ай бұрын

Wish Interactive brokers had an FHSA...

@_IAmNameless Ай бұрын

“Usually isn’t a good idea..” ..because I’ve got no idea.

@vxce 6 ай бұрын

My tfsa suddenly vanished do you know what could be the cause of that ?

@uncovidvaxxforthestrongand3582 3 ай бұрын

uh oh. what did happen?

@bunbee2023 Ай бұрын

I think it was stolen! 😂

@FacebookQueen Жыл бұрын

I’m interested in their First time buyers savings account. I’m new to investing but I’m eager to get started. I got an email from them and wanted to see what they are all about. Glad to hear this positivity. Great video 🙂

@preettkang 10 ай бұрын

@charlotteelizabeth6830bro don’t leave market just invest small amount and learn more

@mr_gamer5149 2 ай бұрын

i just wanna invest in s&p 500, which should i use?

@shawno03 Ай бұрын

same bro idk yet

@Lilxblue 6 ай бұрын

You got me to subscribe and like :)

@ChrisCaledon 4 ай бұрын

I heard the word FREE several times but, really only understood it was free to buy ETFs. Everything else costs you minimum of $5K, like Bonds/GICs... I've invested $8K and now have less in the account.

@semvlasveld8799 Жыл бұрын

Is it true that Questrade is not for europeans?

@newmoneynate Жыл бұрын

Yes I believe they just operate in Canada!

@ElazarEhrentreu-zc2hz Жыл бұрын

You can open a Questrade margin account as an international resident. But you'd need a lawyer to sign off to confirm your photo ID unless you have a recent Canadian bank statement

@edsonarantes7500 3 ай бұрын

My last trade was a bit of disappointment as my trailing stop didn't trigger and I lost 5 grand.!

@ampoo86 10 ай бұрын

Questrade Brokers Removed the AMC Buy Button after the R-Split ..........

@darnelljohn7077 Жыл бұрын

Thanks nate! Got what i came for

@newmoneynate Жыл бұрын

It’s my pleasure!!

@wooorkkk4138 4 ай бұрын

0:42 // 1:15 Questrade pricing. Thank you

@sarabjitsingh1101 Ай бұрын

Looks great from top but as soon as you start using it, you will realise it is misleading. I’m moving to Qtrade for investing.

@marsthablockparent706 9 ай бұрын

Good video I like quest trade

@emanuele20x Жыл бұрын

Liked and subbed

@cameronvincent Жыл бұрын

Do you use questrade too

@emanuele20x Жыл бұрын

@@cameronvincent yup! You?

@cameronvincent Жыл бұрын

@@emanuele20x just switched to it last week! i added 2.5k to my account waiting to transfer all my stocks over from wealth simple

@newmoneynate Жыл бұрын

Thank you man!!

@newmoneynate Жыл бұрын

Hope you enjoy my friend!!

@trinaturcotte6202 6 ай бұрын

Interesting, but talks way too fast for newbies

@ChrisCaledon 4 ай бұрын

just replay it; i think you can slow the video down too, on your end with the settings in the video (bottom right corner, i think).

@TheDjgenius Жыл бұрын

DOES questrade offer crypto?

@newmoneynate Жыл бұрын

No they don’t!

@TheDjgenius Жыл бұрын

@@newmoneynate Thx...Being that you're in Canada and I am in Toronto let me watch a few more of ur vids..So I can avoid the rat race and build wealth.

@newmoneynate Жыл бұрын

@@TheDjgenius Good luck! Please let me know if you have any questions!

@newmoneynate Жыл бұрын

@@TheDjgenius let me know if you have any questions!!

@TheDjgenius Жыл бұрын

@@newmoneynate Honestly Nate i am just trying to find another side hustle to keep my head above water in Canada..Any suggestions?..

@cohenwhittaker1902 6 ай бұрын

Bruh this video is sponsored by quest trade what kind of tactic is this lol

@T1kr3b3u Ай бұрын

$1000 is a nothing burger, if you don't have at least $1000 you pretty much broke ass poor person :p

@user-dh5vx8ob7y 11 ай бұрын

everyone but me must learn this is cringe

@punji1977 Жыл бұрын

Such a bait-and-click video.

@mathaesmi7531 Жыл бұрын

The problem with wealthsimple is that they don't offer forex

@newmoneynate Жыл бұрын

What do you mean?

@Epicknuckle1 Жыл бұрын

Questrade offers fx trading

@emanuele20x Жыл бұрын

Hey! I use questrade. I found you through search. I just wanted to make sure that the platform is legit and won’t pull a FTX on me

@newmoneynate Жыл бұрын

Questrade has been around for decades and is a heavily regulated platform! It’s held to the same standards as any brokerage with the banks

@emanuele20x Жыл бұрын

@@newmoneynate thanks!

@etingin Жыл бұрын

Just wish wealthsimple offered options trading ;(

@newmoneynate Жыл бұрын

Do you trade a lot of options?