QTrade- First Impressions of an Online Trading Company
An editorial on my first impressions of using Qtrade for online stock trading.
My First Impressions of Qtrade
Well, I've finally done it. After months of humming and hawing over whether or not I should leave my money with an investment company or take control of it myself, I finally decided that the time was right to move it. After a lot of asking around and internet research, I decided to settle on Qtrade as my choice of online trading company. Qtrade is a Vancouver, Canada based company that has constently been praised by financial articles for its reasonable prices, it's research tools and it's customer support.
Currently I've only been on Qtrade for the past month, however, here are my first impressions.
1.) Customer Service. I've had questions for the company regarding transfering funds, opening accounts, and setting up a DRIP investment. Shockingly each time I phoned I was able to talk to a polite knowlegable person on the other end of the line with a minimal wait at worst. The customer service has been fantastic.
2.) The research platform. I've found the research platform on the site to be easy to use, informative and best of all (at least in my case) the information is easy to read and understand. I'm impressed.
3.) The price. The price of a trade is initially $20 for accounts under $50 000, and is about $10 for accounts over. It's better than the $30 that my former brokerage was charging, however, I do realize that there are some online sites like questrade that are cheaper for accounts under $50 000 . Overall, I'd say that the pricing is competive
So there you have it, these are my initial impression of the company. I'll be sure to update my thoughts in the future as I continue down this new path for myself.
Also, please feel free to check out my Stock Investing pages, they're just my thoughts on a few companies that I like.
Stocks for investment: