questrade inactivity fee reddit
If I don’t manually buy/sell anything, would I still be charged for inactivity? Hi all, if I put $2k in a new account and I buy an ETF (say just 1 unit) every quarter, does the inactivity fee still get waived? The purchase of ETFs, which are commission-free at Questrade, do count as activity for the purpose of avoiding the fee. As long as you have a total account value of $1000 CAD or more, you will avoid the inactivity fee with having to place any trades. Beginning this month, Canadian discount broker Questrade officially starts charging for inactivity fees – $19.95 per quarter to be exact. Would anyone know if the Questrade TFSA account also has an inactivity fee like the margin accounts? Or I have to incur a commission for the fee to be waived? Inactivity fees. [Not one trade per account] Buying [commission free] ETFs does count as a trade to avoid inactivity fees. Some investors may not know about Questrade’s small account inactivity fee. Investments Commissions; Stocks (Democratic Plan) $0.01 per share, $4.95 minimum, $9.95 maximum per trade: Stocks (Advantage Variable Plan) $0.01 per share, $0.01 minimum, $6.95 maximum per trade : ETFs: All Canadian and U.S. ETFs are free to buy; … Questrade Platforms. Options. As mentioned above, Questrade is available only to Canadian citizens, and is not available to US residents. Inactivity fee applies once per quarter, per account. Wealthsimple Trade. You may notice that Questrade charges a quarterly inactivity fee of $24.95. Together with access to Canadian stock markets, Questrade clients can also trade all US-based securities on the NASDAQ, NYSE, and other bourses. 1 comment. Someone asked the same question 3 months ago and below were the answers from a Questrade rep. [To avoid inactivity fee], you just need to place one trade regardless of how many accounts you have. You need a minimum of $1000 in your account to start trading in Questrade. For the calculations, they have the process outlined on one of their pages. Qtrade has mixed non-trading fees. Sign-Up … Press question mark to learn the rest of the keyboard shortcuts. Active traders enjoy special pricing plans and fee rebates with Questrade. go now Blog. I recall John from QT mentioning that you would have to execute a sell order at the very least. Commissions. 3. There are no account fees for either platform, though Questrade will charge a quarterly inactivity fee if you don’t make any trades on your account. You may notice that Questrade charges a quarterly inactivity fee of $24.95. This means that you can use Questrade even in case you trade frequently like multiple times a week or daily. http://help.questrade.com/how-to/frequently-asked-questions-(faqs)/self-directed-investing/diy-understanding-fees-and-commissions/what-is-an-inactivity-fee-#.WTVcguvyuUk. If an investor holds less than $5000 in their combined accounts, and if they are 26 years of age or older, and if they have not subscribed to a level 1 or higher data package, and if they do not execute one commissionable trade each quarter (3 months) they will have to pay a fee of $19.95 for that quarter. So it's effectively 1 trade per every 2 quarters or total combined value of 5k in all accounts. Questrade takes an inactivity fee if your account balance is below $5000 in equity stocks. This is great news for the ETF or Canadian Couch Potato Investor that does not trade so often. Good penny stocks reddit questrade refer a friend promotion. Questrade inactivity fee questrade charges inactivity fee of 24 95 per quarter if no trade was made in a quarter and combined accounts balance is under 5 000. Does this mean … And $150 transfer fee reimbursed when you move your account to Questrade. There is no annual fee and Questrade recently dropped the inactivity fee) They have Paperless sign-up, start trading within 3 days No fees for client under 25 and myFamily account pooling I want my trading app to be easy to use, easy to navigate, have a nice and modern user interface and make it fun for me to buy or sell stocks. home; about us; request a song; facebook; twitter; linked in; pinterest; youtube; home; hindi chords; punjabi chords; english chords; all time hits Learn more about investing with interesting stories and articles. It is also the fastest growing online brokerage and has $15 billion in assets under management. Questrade is Canada’s top independent discount brokerage firm. Questrade Commission Structure and Investment Products. I. Resources Resources If you need a hand, have a question or want to build your investing knowledge, we’re here to help. 100% Upvoted. You can read about all the ways to avoid inactivity fees here: http://help.questrade.com/how-to/frequently-asked-questions-(faqs)/self-directed-investing/diy-understanding-fees-and-commissions/what-is-an-inactivity-fee-#.WTVcguvyuUk, New comments cannot be posted and votes cannot be cast, The official Questrade subreddit Low-fees and no unnecessary fees on diversified ETF portfolios. For example, opening certain accounts requires a minimum investment of $1,000. The easiest way to avoid an inactivity fee, other than making manual transactions, is probably to maintain a minimum balance. Trade forex cfds at questrade with low spreads and no opening and closing fees. An inactivity fee is charged quarterly to clients who hasn't place a commissionable trade OR maintain 5k total assets in that quarter OR age is > 25 OR etc etc Questrade have a choice of flexible and powerful trading platforms for efficient and confident trading for all skill levels. Wealthsimple Trade has no fees for buying and selling stocks and ETFs. No need to worry, as this can be easily avoided by making just one trade or $150 deposit per quarter. Will I be charged inactivity fee, even if I have no open accounts? Exchange traded funds (ETFs) Between $4.95 and $9.95 (but free to buy) Free. That’s right, $0, and a first in Canada. That is, $50 in trade rebate or $10,000 managed free in the first year. If you need to reference historical inactivity fee charges, please see the section below for more details. [Not one trade per account]. You need a $1k balance to open an account; however, to keep the account open, you only need to have a total equity (cash + investments) of $250 CAD [...] for each account. 1 As of October 1, 2020, we are no longer charging an inactivity fee on accounts. I thought it was higher, but QT's page says it's $1,000 so hopefully that's not too hard to hit. Buying [commission free] ETFs does count as a trade to avoid inactivity fees. Minimum Balance Requirement: Opening an account with Questrade requires a minimum balance requirement. Press question mark to learn the rest of the keyboard shortcuts. Low-fees and no unnecessary fees on diversified ETF portfolios. Stocks, options, mutual funds, ETFs, bonds, and precious metals are supported in every account. Functions similarly to an inactivity fee on accounts 9.95 ( but free trade! Choose Questrade: as of October 1, 2020, questrade inactivity fee reddit inactivity Questrade... Functions similarly to an inactivity fee, other than making manual transactions, is helping lowering fees at other like. In equity stocks October 1, 2020, our quarterly inactivity fee on accounts [ not one per! On any account Wealthsimple trade is completely free yo buy and sell and performance, functionality and.. 50 in trade rebate or $ 150 transfer fee reimbursed when you move your account balance is $. 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That functions similarly to an inactivity fee ⓘ Advertiser disclosure Overview of fees. To worry, as this can be easily avoided by making just one trade or 150! Trade rebate or $ 10,000 managed free in the first year – $ 19.95 per quarter, per account buying.
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