Questrade introduces Margin Power, a service that boosts buying power
TORONTO, May 1, 2013 /CNW/ - Questrade today officially launches Margin Power, an innovative new trading service that helps investors boost buying
power by linking the assets held in a TFSA to a margin account.
Investors are regaining their confidence in the market and increasingly
moving back into equities and Margin Power offers them a way to
maximize their access to market potential.
"Tax-free savings accounts are the most popular new account type in
Canada. They are a great vehicle to build a tax-free portfolio. But the
limitation is clear: investor's assets are locked down," said, Edward
Kholodenko, President and CEO of Questrade. "Margin Power delivers a
simple solution: a margin account connected to a TFSA that can leverage
your TFSA's assets. This transforms the margin account into a more
powerful trading tool, and clients can take advantage of market
opportunities that would otherwise not be possible."
Any Questrade client with a margin and a TFSA account can opt into the
service. The increased buying power is visible in the margin account
trading platform, and can be used to enter new positions without
selling securities or transferring in cash. It also acts as a kind of
overdraft protection, an extra buffer against market fluctuations.
Continues Kholodenko: "Our goal is to help our clients do more with
their money. If you have a TFSA and a margin account, why not take
advantage of the full breadth and potential of your investments? Margin
Power eliminates a huge barrier and I'm delighted to offer this new
service to our clients."
Margin Power is an exclusive service available only to Questrade
The Questrade team will be answering live questions about Margin Power
during a Twitter chat on May 8th. To follow the discussion or to ask questions, visit @Questrade on
Twitter at https://twitter.com/Questrade
Using borrowed money to finance the purchase of securities involves
greater risk than using cash resources only. If you borrow money to
purchase securities, your responsibility to repay the loan and pay
interest as required by its terms remains the same even if the value of
the securities purchased declines.
Questrade Inc. is a member firm of the Investment Industry Regulatory
Organization of Canada (IIROC) and the Canadian Investor Protection
Questrade Inc., headquartered in Toronto, provides Canadians with
high-speed, direct access trading in the U.S. and Canadian stock and
options markets through its IQ trading platforms, as well as forex and
CFD trading. Since 1999, the company has led the industry in delivering
outstanding service, exclusive products and services, and competitive
pricing. This commitment to innovation has appealed to independent
investors, and for the past two years, the company has ranked as
Canada's fastest growing online brokerage. For two years, Questrade
also earned the designation as one of Canada's Best Managed Companies.
SOURCE: Questrade Inc.
For further information: