I did not make a judgement about Questrade... good or bad. I just pointed out... That since I met with the 2 principals 18 months ago... IB has 55 new reviews... and Questrade has 1 (one). This is in spite of heavy advertising by Questrade on ET. It's just one of those "what's wrong with this picture" flags... As is hyping some Master of the Universe that has ZERO Google hits. Why? What is your connection to Questrade?
Ok, i see what you're saying...I have no connection to Questrade. I was just making a general point equally applicable to Questrade or any other firm.
All the brokerage firms are more or less the same, in terms of software, service and charge. Their charges are incomparable to real prop trading companies like Title Trading, Swift.... Eg. Quest Trade--minimum charge is $4.99 per order limited to less than 500 share, plus you need put in your capital as risk deposit. No one train you how to trade if you are newbie. They do not care if you make money to not. and Title Trading charges are about $0.2 per 1000 shares or $0.5 per order with unlimited share number and no risk deposit. They train you and they care about you, the only way they can make money is that you make money. If you are to make a living in the security sector, real prop trading firm are the choice. There are many other prop firms out there in Canada, one of the reasons they cant expand as fast as real prop firms-- is they all require risk diposit. On the ther hand, Title Trading and Swift donot require any deposit.
The Questrade principals are not traders... Their business plan is to run a classic brokerage "skimming operation"... Let traders and hedge funds take 100% of the risk... And they just collect fees off the top. They also discussed ** in front of me ** how they were gonna rip off my methodologies... As if I was not even in the room... Though as garden variety business guys... They had ** no idea ** of the complexity and costs involved. These guys actually thought they could replace my 100,000 lines of professional code... With a few CyberTrader scripts. LOL. I guess this passes for "stand up guys" in today's business world. Does anyone understand the specific Ontario regulations... That are limiting prop to the Swiftrade "churn and burn" variety... And keeping firms like Bright out? And what distinguishes Quebec in this area?
does Title have the same approach as Swift? Or are they more like the "normal" prop firms ie Bright, Echo, Carlin, etc
The difference between Title Trading and Swift are more or less like Macdonald and Burger King. So far, Title has better pay out, but Swift has more branches.