How To Open A Questrade Account 2020 | Stock Market Trading & Investing
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I will be showing you step by step how to open a Questrade account for day trading and stock market investing in Canada. This includes Margin, TFSA, and RRSP accounts.
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Questrade Canada fees are .95 – .95 per trade for stocks depending on your share size, and FREE for buying ETF’s. They have very minimal quarterly inactivities but those can be easily avoided. Therefore it’s a broker suitable for all Canadians. To open an account the funding minimum is 00.
I love Questrade for their customer service and easy to use user interface. I personally use their margin account for day trading and swing trading, and TFSA for long term investments in the stock market. Another great bonus is that you can hold both USD and CAD in your Questrade account and avoid the constant currency conversion fees. You can perform Norbert’s Gambit on Questrade to buy US dollars at the spot rate and avoid FX conversion fees altogether.
Funding on Questrade is easy as well as they provide many options to deposit your account, such as online banking, interac transfer, PAD, or account transfer. I will be going over the details in this video.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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