Questrade
From Wikipedia, the free encyclopedia
| Questrade | |
|---|---|
| Type | Private |
| Founded | Toronto, Ontario (1999) |
| Headquarters | Toronto, Ontario, Canada |
| Products | Stock Brokerage |
| Website | www.questrade.com |
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading to the U.S. and Canadian stock and options markets as well as forex trading. Since its inception in 1999, Questrade has grown to over 80 employees, with client services specialists who speak 13 languages including English, French, Mandarin, Cantonese, Spanish, Russian, and Hebrew. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.
On January 14th, 2008, Questrade launched the first RSP (registered savings plan) to hold U.S. cash. The main benefit of being able to hold U.S. currency in an RSP account is avoiding the forced currency conversion fee attached to every trade of a USD security. Previously, RSP accounts could only hold Canadian dollars. Any trade -- buy or sell -- involving a U.S. security would thereefore also involve a conversion to or from CAD. USD in RSP is patent pending.
In 2006, Questrade eliminated annual and inactivity RSP fees. In 2007, Questrade introduced the gold RSP service, which allows investors to buy, hold and trade physical gold in their RSPs.
