Cybertrader In Canada

Questrade Announces Software Licensing Agreement with US-Based Direct Access Broker CyberTrader®
Provides Questrade Clients with Premiere Direct Access Technology
Toronto, Ontario - August 7, 2002 – Questrade, one of Canada’s leading direct access firms, announced today that it has reached an agreement with CyberTrader Inc. to provide Questrade clients with access to CyberTrader’s CyberX2 and CyberTrader Pro execution platforms for US Equity trading.
“We are extremely excited about offering CyberTrader’s cutting edge technology and direct access capabilities to our customers, “ said Edward Kholodenko, President of Questrade. “Questrade’s goal has always been to provide its traders with the best tools currently available when they execute trades, and the CyberTrader technology certainly helps us achieve that objective.”

CyberTrader’s CyberX2 trading platform provides users with point and click capabilities, advanced decision support tools, including optional streaming Level II Data, as well as access to CyberXchange, a proprietary intelligent order routing capability. For more experienced traders, CyberTrader Pro offers nearly all of the functionality of CyberX2, in addition to features such as momentum indicators, analytical tools, multiple ECN books, and live charting capabilities.

“Our decision to license our technology to Questrade comes as a direct result of the increasing demand by Canadian-based traders to have access to the most technologically advanced, easy to use trading platforms, as well as access to Questrade’s high level of customer support,” said Butch Jones, Senior Vice President of CyberTrader Inc. “CyberTrader’s premiere direct access technology coupled with Questrade’s strong customer base provides an excellent growth opportunity.

For more information about Questrade please visit www.questrade.com or call 1-888-QUEST-66.

About Questrade

Questrade, Inc. is a leading Direct Access firm in Canada and is an Ontario corporation with its corporate headquarters in Toronto, Ontario. Questrade is registered with securities commissions in Ontario, Alberta, British Columbia and Quebec, a member of the Investment Dealers Association of Canada, the Canadian Investor Protection Fund and is a participating organization of the Toronto Stock Exchange.

Press Contacts:

http://www.questrade.com/

Questrade: Edward Kholodenko - (416) 227-9876 x333

 

And I have seen on another website that their leverage will be 3:1, higher than IB that claim the limit of IDA is 2:1.

 

The following is a list of countries that have a competitive advantage over Canadians trading on US markets:


United States, United Kingdom, Germany, Netherlands, Belgium, Switzerland, Hong Kong, Australia, Albania, Algeria, America Samoa, Andorra, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegowina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Cayman Islands, Central Africa Republic, Chad, Channel Islands, Chile, China, Christmas Island, Cocos Islands, Columbia, Comoros, Congo,
Congo, Democratic Republic, Cook Islands, Costa Rica, Cote d’ivoire, Croatia, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia,
Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and Mc Donald Islands, Holy See, Honduras, Hungary,
Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jordan,
Kazakhstan, Kenya, Kiribati, Korea, Republic of, Kuwait, Kyrgyzstan, Lao People’s Democratic Republic, Latvia, Lebanon, Lesotho, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia,
Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Namibia, Nauru,
Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua,
Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway, Oman,
Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn,
Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadin, Samoa,
San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Seychelles, Singapore,
Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia,
Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Taiwan, Tajikistan, Tanzania, Thailand, Togo,
Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos, Tuvalu, Uganda, Ukraine, United Arab Emirates, Uruguay, Uzbekistan, Vanuatu, Venezuela, Vietnam, Virgin Islands (British), Virgin islands (US),
Wallis and Futuna Islands, Western Sahara, Yemen, Zambia and Zimbabwe


Almost the whole planet!

It could be worse I guess. You could live in Cuba, Iran, Afghanistan or Iraq.



In Canada, for some reason the IDA regulates the minimium margin requirements for equities and option trading on foreign markets. They are the only country on the planet with such rules.