Starting today, Questrade clients using the Questrade IQ trading platform can buy any exchanged traded fund (ETF) listed on North American markets commission-free.
“The elimination of buy-side commissions for ETFs is a natural step for us,” said Edward Kholodenko, president and CEO of Toronto-based Questrade, in a release.
In 2009, the brokerage introduced a service that rebates mutual fund trailer fees to clients. In 2008, we introduced dual-currency RRSPs, and in 2006, it reduced trading commissions to $4.95.
“We’ve led the way in the online brokerage industry for innovation and pricing since day 1. This new approach to ETFs is part of our promise to our clients: keep delivering ever increasing value. In fact, this is simply the first of several announcements this spring regarding new products and services designed to empower our clients,” continued Kholodenko.
For ETF sales, the client will be charged the normal trading commission. Any other charges, such as electronic communication network (ECN) fees applied by the markets, are also the responsibility of the client. Other conditions are available at www.Questrade.com.
Questrade provides Canadian investors with high-speed, direct access trading in the United States and Canadian stock and options markets through its IQ trading platforms, as well as forex trading.