Questrade Explained

Questrade Financial Group
Type:	Private
Industry:	Financial Services
Predecessors:	-->
Successors:	-->
Hq Location City:	Toronto, Ontario
Hq Location Country:	Canada
Areas Served:	-->
Key People:	Edward Kholodenko (CEO)^[1]
Services:	Stockbroker Electronic trading platform Robo-advisor
Num Employees:	2500
Num Employees Year:	2022

Questrade is a Canadian online brokerage firm and wealth management firm. It is Canada's largest discount broker.^[2]

Products and services

The company was created by Edward Kholodenko and launched in 1999.^[3] As of early 2020, the company was Canada's fastest growing online brokerage firm,^[4] and has $20 billion under management, as of February 2021.^[5] Questrade has expanded to include robo-advising with its Questwealth Portfolios, which invests in portfolios based on ETFs.^[6] In December 2019, Questrade applied for a banking license signalling its intent to offer banking services.^[7]

Notes and References

1. Web site: Edward Kholodenko, Questrade Wealth Management Inc: Profile and Biography - Bloomberg Markets. Bloomberg.com.
2. Web site: Questrade Canadian Review (2020). Sagar. Sridhar. January 29, 2020. Personal Finance Freedom.
3. Web site: Is Questrade the right investment solution for you?. March 5, 2020. MoneySense.
4. Web site: Questrade named one of Canada's Best Managed Companies for ninth consecutive year. Questrade. Inc. March 5, 2020. GlobeNewswire News Room.
5. Web site: 2021-02-05. Who We Are - We're Investors Too. 2021-02-05. Questrade.
6. Web site: Questrade's new robo-advisor service showcases rock-bottom fees. November 3, 2018. MoneySense.
7. Web site: Questrade applies for Canadian banking licence. The Globe and Mail.