Qtrade Explained
Credential Qtrade Securities Inc., operating as Qtrade ([1]), is a stockbrokerage firm based in Vancouver, Canada. It runs the online investment platform Qtrade Direct Investing and robo-advising service Qtrade Guided Portfolios.[2], it claimed to have $11.5 billion in assets and partnerships with over 150 Canadian credit unions,[3] as well as insurance companies including Sun Life and Great West Life.[4] Like all brokerages and investment dealers, they are members of Investment Industry Regulatory Organization of Canada (IIROC) and as such, the Canadian Investor Protection Fund (CIPF) protects investors should the brokerage become insolvent.[5]
History
Credential Qtrade Securities was formed from the amalgamation of Credential Securities Inc. and Qtrade Securities Inc.,[6] after their respective parent companies merged with NEI Investments to form Aviso Wealth.[7] It has been in operation since 2001,[8] and William Packham became the CEO of the company in May 2016.[9]
Products
Qtrade Direct Investing
Qtrade Direct Investing is an online discount brokerage that offers stocks, bonds, options, GICs and new issues.[10] Like most brokerages, it also has a collection of commission-free exchange-traded funds and mutual funds.[11] Registered RRSP and TFSA accounts are available, in addition to cash and margin accounts.[12] Both Canadian and United States dollars can be held in its accounts.
The Globe and Mail ranked it first (out of Canadian online brokerages) in its online broker ratings 2016.[13] [14] Moneysense magazine ranked Qtrade highly in providing market intelligence category, but ranked other brokerages as superior for ease of use, record keeping and banking integration.[15] [16] [17]
Qtrade Guided Portfolios
External links
Notes and References
- Web site: Qtrade Manifesto Video English. YouTube. Apr 28, 2021. 13 July 2022.
- Qtrade Investor ranks among the best in annual survey of online brokerages . Qtrade Investor . 19 July 2019 .
- Web site: Integris forms wealth management partnership with Qtrade Financial Group - Yahoo Finance Canada . Https . November 14, 2016 . https://web.archive.org/web/20161115072247/https://ca.finance.yahoo.com/news/integris-forms-wealth-management-partnership-182400234.html . November 15, 2016 . dead .
- News: Sun Life, Qtrade strike partnership deal - The Globe and Mail . The Globe and Mail . May 26, 2015 . November 14, 2016.
- News: What if my broker goes bust? … and other reader questions - The Globe and Mail . The Globe and Mail . October 28, 2016 . November 14, 2016.
- Web site: Commission . Ontario Securities . Credential Securities Inc. and Qtrade Securities Inc. . Ontario Securities Commission . 19 July 2019 . en . 18 July 2018.
- Web site: About Aviso Wealth Canadian Wealth Management Firm. admin. Aviso Wealth. en-CA. 2019-07-12.
- News: Qtrade new on-line kid on the block - The Globe and Mail . The Globe and Mail . March 8, 2001 . November 18, 2016.
- Web site: Bill Packham appointed CEO of Qtrade Financial Group . Newswire.ca . November 12, 2016.
- Book: Tyson. Eric. Martin. Tony. Investing for Canadians for dummies. 2000. CDG Books Canada. Toronto. 1894413008. November 14, 2016.
- Book: Borzykowski. Russell Wild, Bryan. Exchange-traded funds for Canadians for dummies. 2013. John Wiley & Sons . 978-1118524572.
- Book: Pape. Gordon. The ultimate TFSA guide : strategies for building a tax-free fortune. 2010. Penguin Canada. Toronto. 978-0143173618. Pb.. November 14, 2016.
- News: The Globe and Mail's 17th annual online broker ranking - The Globe and Mail . The Globe and Mail . December 4, 2015 . November 12, 2016. Carrick . Rob .
- Web site: Qtrade Investor tops major banks again in annual ranking of online brokerages . Newswire.ca . November 14, 2016.
- Web site: Canada's best discount brokerages . Moneysense.ca . May 2014 . November 14, 2016.
- Web site: Canada's Best Online Brokers 2016 . February 17, 2018 . October 20, 2016 . https://web.archive.org/web/20161020044053/http://tradex.ca/en/files/2013/08/2016-MoneySense-Best-Online-Brokerage-Review.pdf . dead .
- Web site: Qtrade Exchange Reviews . Crypto and Fire . March 23, 2017.