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SOURCE Questrade Inc.
TORONTO, March 18, 2013 /CNW/ - Today, Questrade rolled out 95¢ stock
trades, the lowest commissions in Canada. The 95¢ commission is
available to any client who is registered in the Questrade Advantage™,
a program that also provides $6.95 option trades and a subscription to
Intraday Trader, a personal technical analysis tool.
Edward Kholodenko, President and CEO of Questrade said: "Innovation and
value are the two pillars of Questrade. We want to make it affordable
so all investors can take finances into their own hands. This is why
Canadians open accounts with us in the first place and why they stay
for the long term. Today's announcement - the 95¢ stock trade -- proves
our commitment to transforming brokerage services."
95¢ stock trades, available through the Questrade Advantage™, are available to every
client. There are no minimum account balances or number of trades per
month to qualify. When a client registers for an advanced Canadian or
U.S. market data plan, the client would be automatically enrolled in
the Advantage and get a choice of two commissions: 1¢ per share,
minimum 95¢ / maximum $6.95; or $4.95 flat. All options trades are
$6.95 with 75¢ per contract, and every trade accumulates towards data
plan rebates.
The 95¢ stock trade is the most recent addition to a growing catalogue
of pricing and service innovations. In February, the brokerage firm
announced commission-free ETF (exchange-traded fund) purchases. In previous years, Questrade rolled out Mutual Fund Maximizer®, which rebates mutual fund trailer fees, and the first dual currency
registered account with USD in RSP®, which eliminates mandatory currency conversion fees. Other services
include commission-free bond trading and free U.S. streaming market
data with Nasdaq Basic in the firm's trading platforms.
Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of
Canada (IIROC) and the Canadian Investor Protection Fund.
About Questrade:
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. Questrade also earned the
designation as one of Canada's Best Managed Companies for 2011 and
2012.
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