"Not too bad for stocks; not for forex" - n00b7r4d3r
March 05, 2008 5:53 PM
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I have been with questrade for about a year and don't have any complaints about trading stocks with them but that being said they are not the best of the best. If you are looking for the cheapest and best for daytrading and know exactly what you are doing look elsewhere (like IB). If you are looking to simply do some swing trading or investing then they would not be a bad choice.
As for forex someone else mentioned "The platform allows you to trade micro lots (1000 units) ". Perhaps I am simply an idiot but I can find no mention of this anywhere nor can I find out how to trade only micro lots in my own forex account with them. If you are a big forex player then you are probably not even considering this company but if you just want to try out the forex waters, then look elsewhere (like Oanda). There is 0% chance that you will make it big in the forex market trading mini lots (10 000) with the 1:200 leverage they offer. Oanda has this brokerage beat in every way for forex, mainly in the fact that the minimum trade size is 1 not 10 000.
"Perfect solution for Canadian forex traders" - TMcKenna
October 26, 2006 12:24 PM
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I was long time customer of Oanda until Questrade started offering forex trading in partnership with GFT, just heard about this few days ago. I am in the process of transfering my funds from Oanda to Questrade. The platform allows you to trade micro lots (1000 units) so that you can build your position gradually. Very good solution for most traders especially for those with smaller accounts. Questrade is CIPF insured broker in Canada so you don't have to worry about your deposit.
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