TORONTO, Feb. 12, 2014 /CNW/ - Questrade today announced the launch of
silver bullion trading, and to celebrate the winter games, stated that
all commissions for silver and gold bullion trading will be 50% off until February 24th.
In addition to the 50% off during the course of the games, when any
Canadian captures a gold medal, gold trading will be completely
commission-free the next day. When any Canadian wins a silver medal,
silver trading will be commission-free the next day.
Clients following Questrade's Twitter feed or Facebook page will be notified each morning of the day's pricing.
"Every two years, all Canadians turn into gold and silver bugs," says
Jeff Beck, Chief Sales and Marketing Officer. "We wanted to add our
voice to the celebration. We want to show that we're rooting for every
athlete on team Canada and sharing in the medal joy."
After several months of working to bring silver bullion trading to
Questrade clients, Edward Kholodenko, CEO and President of Questrade,
believes the timing is serendipitous. "It's the games. It's about gold
and silver medal performances. And now our clients can benefit from
directly owning the precious metal, being able to buy and sell on the
spot market, and holding it securely in any margin, registered and TFSA
account. And if the bullion spot market makes a move, our clients can
take immediate action and quickly sell or buy more."
Questrade clients with margin, registered and TFSA accounts can directly
trade precious metals through the firm's trade desk. Gold and silver prices are set by the U.S. spot price. Bullion is provided by Kitco Metals
Inc. and secure storage is provided by the Royal Canadian Mint.
Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of
Canada (IIROC) and the Canadian Investor Protection Fund.
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. In 2011 and 2012,
Questrade also earned the designation as one of Canada's Best Managed
SOURCE: Questrade Inc.
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