TORONTO, July 18, 2012 /CNW/ - The Questrade Advantage is now available to all clients who are trading on the brokerage firm's
new IQ Web and IQ Edge web and desktop trading software. This new program will appeal to
active traders with more data requirements, and features $4.95 flat
stock trades, Intraday Trader (a technical analysis tool), and market data rebates.
Unlike other active trader programs in Canada, the Questrade Advantage
is open to everyone. There are no minimum balances to maintain and no
trading activity threshold. The sole qualification is subscription to
the advanced Canadian or advanced U.S. market data packages. A video on the advanced data packages is
available on YouTube and in the Exchange, Questrade's online trading community.
Jeff Beck, Chief Marketing Officer of Questrade says: "We wanted to make
$4.95 flat stock trades available to all our clients. The Advantage had
to be a program anyone could join. So we eliminated the idea of making
trading activity or asset level a condition of joining. Instead, we
added it as a benefit to our advanced market data packages. Then to
sweeten the deal, and to reward our clients who trade a lot, we offer a
way for clients to get their entire data subscription rebated."
With the Advantage, all stock trades are $4.95. Intraday Trader, the
technical analysis tool, is activated in the research tools area of the
IQ platforms, which includes other tools such as Bull's Eye and Market
Intelligence. Intraday Trader is offered exclusively in Canada through
the IQ platforms. The advanced Canadian or advanced U.S. data packages
are $89.95 per month, and clients are eligible for data fee rebates
based on trading activity.
Until August 31st, 2012, and to celebrate the launch of the IQ suite of platforms, new and existing clients who open an account with a minimum of $10,000
will get 100 free trades. New and existing clients who open an account with a minimum of $1,000
will get 10 free trades. The offer is available until August 31st,
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
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. In February, 2012, Questrade
also earned the designation as one of Canada's 50 Best Managed
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SOURCE Questrade Inc.
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