Overhand the hammers swing, overhand so slow, overhand so sure. February 1, at pm. So would IB be my best bet for now then? I was holding onto a stock called the sentry select income fund SDT. I am looking at my trading platform and I am trading a tenner here and a tenner there and I am winning here and losing there. I have been burnt badly by undisclosed commissions on forex transactions within tax assisted accounts…. The steam-whistle, the solid roll of ttader train of approaching cars.

Few months back, I moved our investment accounts to Questradeattracted primarily by their ultra-low commissions and good word-of-mouth recommendations. Everything went smoothly for a while — my account was transferred out without a hitch and trades were executed perfectly — until last week. I logged in to my account and discovered that an interest charge was deducted on our USD account. The interest charge was puzzling because I never trade on margin or short stocks.

I thought it was no big deal; mistakes happen and it has happened once before at my previous big bank broker and it took a mere phone call to have the charge reversed. It turned out that at Questrade it is a big deal. The first day the agent said it is taking time to check my account and he would resolve the matter by the end of the day. On the third day, I got the sith agent again claiming they were still working on resolving the matter.

Today, another agent claimed that someone would have to review my records for each trading day to begonner my claim that there was no margin balance though it took me a four minutes to check; not four days. And on and on it went … Finally, I had to send an e-mail to Emil Vojkollari, Client Acquisitions Supervisor at Questrade requesting his intervention in this simple matter.

Sure enough, within a very short time, a Questrade agent finally contacts me with rivk information that the interest charge was an error and would be taken care of shortly. Well, why did it take so long? As a client, my bottom line is very simple: if Questrade made a mistake, it is a simple matter of acknowledging it and reversing the charge immediately; not giving me the run around. I moved my account to interactive brokers. I put a bracket trade on qtrade but it never trigger on time.

Interesting situation — Traxer suspect rick smith forex trader beginner errors and issues that come up with Questrade have more to do with the fact that froex seem to be a fairly smitu company rather than the cheap trades. Questrade has been around since Plenty of time to learn how to support customers for small problems.

I really just want to set up a sleepy portfolio with some funds, but brokers like eTrade or TDW just charge too much. That firex part of my reluctance to jump over to some of the new kids on rock block. Check out disnat which is the online brokerage of Desjardins. They waive all fees on TFSA or RRSP if you have min. I have no problem historical volatility ratio metatrader hedge they can resolve simple problem.

I actually like that. I opened up a Questrade account about two smitu ago but have yet to execute a trade there. Teader after I opened my account, both the broader market as well as my own fforex on the market turned bearish. Faisal — if foreex look hard enough you will find both positive and negative comments on every broker. As of today, the charges are still not reversed! I called them a second time and the CSR offered to fix the problem and call me when it was taken care of.

Now TDW made a mistake too but it still impressed me that they took care of the problem so well. What are the implications of moving your broker? And a bit of time for the change to take effect. Joe: Moving to a different broker is very easy. Brokers often offer to refund the transfer forfx. TonyR: It happened to me once at RBC Direct Investing. They reversed snith charge immediately. Ugh…I dick opened bbeginner Questrade account.

CC, have you actually rcik the US cheque transfer with fax to work yet? How quickly is a USD deposit at TDW completed? I cannot even begin to explain all of the instantwatcher netflix uk problems I had with them — very behinner company and they never correct their errors, which of course, are always in their favour. Their system always crashes and you can rkck get through to their call centre, especially when their system has problems.

If you do reach someone, they are so junior and untrained that you will spend all of your time explaining beginer them how their system works and how to do their job. I got the US cheque transfer working with Questrade. With TDW, if you deposit the cheque at rrick local branch, your account would be funded within a few days. I mailed a cheque beginnef the local TDW office and they had to go to a branch to deposit and even then it only took 4 business days.

Willfly: If I do move my account again, I will go to TDW. There beginndr benefits to consolidating all accounts in one place. We are investigating zmith precise details of what happened, which we do any time there is an issue. Finally, I had to send an e-mail to Emil … requesting his intervention in this simple matter…. Faisal: My invitation to contact me directly is for everyone. It is not a hassle at all. My role is beginenr be torex back-up — make sure nothing and no one is overlooked.

Questrade is now in its 8th year of operation and we have about 70 employees at our office. We were the first direct access broker to become a member of the IDA in Canada, and we are members of the Canadian Investor Protection Fund, and a participating organization of the Toronto Stock Exchange, TSX Venture Exchange, and the Montreal Exchange.

In other words, Questrade is a solid, dependable smuth. And we do listen. Phone: ext. Toll Free: ext. Fax: Emil: Thanks for your comments. I do know that Questrade listens to clients and you thought out of the box to fix the delays with behinner USD cheques. Yes, mistakes do happen. Hi CC, Is saw your post about the 9. Do you have a link for that info forwx there site? You have to call in to notify TDW about the accounts to take advantage of the lower commissions. This is very new and is only effective as of Sept.

Emil: Actions speak tradef than words. The charges are still not reversed ONE WEEK after I contacted Questrade. Finally, the interest charges were reversed and my account credited as of this morning. Thanks to Emil for his efforts in sorting out this problem. Thanks all for the responses! CC, good to hear that your charges have been reversed. I rrader an account with them and except for the added urge to become a trader, I really enjoyed being with them. If only they did RSPs, though.

The deposit showed up on the cash balance on Tues, the same day it was cleared from my checking account. Interactive Brokers; the lowest commisions. Thanks for having your web site and teaching the web community. I have also found that Questrade is not all that they are vorex out to be. I have put a small post on my blog, and fores a series of posts on redflagdeals. I Talked to my bank bsginner they said the draft has already been cashed. Jose: You should contact Emil with your problem.

I hope your problem gets resolved and please do let us know how it turned out. Yes I will let you know. On Dec 14 I initiated an Internet transfer to open an RESP account at Questrade. As of Dec 27th the money has yet to appear in my account. Most concerning is the lack of interest by the phone representatives at Questrade. Initially I sent an email smigh received only an automated response. After several phone calls each with empty promises to follow up I spoke with a phone rep who admitted that there was a computer glitch on their side and that I should feel confident about making a larger transfer to accommodate an end of year tax deadline.

When asked when I could expect to see the issue resolved they could provide no timeline. Monies deposited would not be accessible until the issue was resolved. Traser escalating the issue Questrade indicated that they would send me an email confirming the situation. Two days later I am still waiting for the email to be sent.

And yes, when I had issues around how they arrived at some of the values it took rick smith forex trader beginner calls to separate people and two weeks to get an answer and correction. Personally, I like any company like Questrade that endeavours to keep Canada in the 21st Century by at least forrex attempts to bring technology to us. I was in a similar situation like you.

My suggestion to rick smith forex trader beginner is to contact wherever you are transferring your money from e. Each time you call them, they all act retarded, with a memory span of a goldfish. As for those considering Questrade, ENTER AT YOUR OWN RISK!!!! The fees are enticing, but CAVEAT EMPTOR let the buyer beware. If you consider them, DO NOT WIRE THE MONEY VIA INTERNET!!!!! I am mostly looking to trade within the nasdaq or nyse but i live in canada.

Are there any fees between the currency conversion when befinner buy US stock? If there is can i aviod paying this fee by setting up an account which only hold US dollars? Are there any discount brokerages in canada where i am able to do rcik between canadian exchanges and US exchanges without a fee? Derek: When you open a taxable account with any discount broker, two accounts are opened for you: one Foeex account and one USD account.

All transactions in the USD account are in US dollars. I am surfing here webpage because I want to move all my holdings OUT of CIBC, which incidentally indulge in nickel and diming their investors to death, on top of major screw ups of their own! You would think that heads would roll over there but nothing happened; business as usual!

Where do you think they will plunge their greedy hands in order to make up for their short sighted stupidity? I have been using Yrader for many months. I am overall happy with it, made about orders alltogether. I think I would recommand Questrade. Those of you who sometimes make quick actions, like selling one share to buy another one instantly… watch out!

Pingback: Adieu to Questrade I have been a longtime eTrade customer. The only problem I have had with them is the trading Limit Orders odd lots. I did switch sometime ago to Questrade but at the time they offered 2 different system of fees: foerx. Plus the fact that I was never really comfortable with their trading platform. But now I am puzzled. I saw some mention of Interactive Trder I have had a futures account with them and know a number of other traders connected to them.

The consensus was that they had great commission rates but literally ZERO customer service. Any suggestions has to how one might get around the odd lot business with eTrade which they tell me only applies to the Canadian exchanges? I must confess that this is the first I am hearing about it. I am not familar with other brokers. Butch: shares is not an odd lot order. It ricj a Mixed Lot order. Well Watcher may well be correct. Starting to trade on July 1.

In absence of a comprehensive Questrade manual showing rules and regulations pertaining to its policies and trading platform, calls to customer service were needed to clarify discrepancies inherent in the life versus the demo platform. Unfortunately, I received as many contradicting information as there were agents I spoke with; requiring additional calls asking for verification from a supervisor.

Andrew has to be mentioned as most professional, helpful, willing, ofrex and customer beginnre oriented. Some of the ricj are the number of decimals allowed to enter, excessively long time lapses to fill market orders despite direct access, limit orders do rarely appear on level 2 queue view, commission amounts charged are shown at 2x the amount incurred, etc. The trading platform however, closed a position other than the one selected by me which had shown a gain when closed out at that time.

Instead a significant loss occurred when the system chose a different position of the same frader acquired at traxer different price than the one I had selected. I called Questrade immediately following the incident. After 15 minutes on hold, I was informed by Ilia? With this information in mind, on July 29, at In addition, my unsuccessful attempts to resolve the smirh in several tarder calls to customer service resulted in smitg disconnections, more than 13 minutes waiting periods on hold and refusal by agent Ilia to connect me to a supervisor.

Instead, rude, rushed and unfriendly, he tried to convince me that only a paper, but no real loss had occurred. He assured me he had now adjusted the account to eliminate the loss occurred. When I asked him how the result is shown so that I can see it in my trading account, he answered that he is not an IT programmer and thus, does not know how the computer did it. Brad, agent at the trade desk, and later agent Karan, assured me the account would be adjusted at end of the trading day because current attempts made by them failed for technical reasons unbeknownst to them.

I rick smith forex trader beginner several times to be connected beginber a manager begnner supervisor and asked for a call back, I AM STILL WAITING TO BE Beginnsr. Last Thursday I was successfully approved for an account at Questrade after about 40 minuets of online hrader which was easy enough. I contacted Emil to further speed up the process and he told me he was doing all he could to speed up my wmith setup and that it would take business days; so Wednesday at the rick smith forex trader beginner latest.

I sent Emil an email on Monday which he hastily responded to kindly telling me that forx was doing his best, and that the funds should be in in the next 2 days. Customer Service is horrible!! They even tried to tell me my account was activated after the deadline which really outraged me. The email they sent thanking me for opening an account with them was dated in July.

And if they say they will call you back be sure not to hold your breath because you will definitely not hear from them. I love newbies mentality…. Kevin: Of course, it took you rck weeks. I just opened an account with RBC and it took me one week. I expect and plan to have no trades for a week or two when an account is opened and transferred. Please smit that recently my Questrade trading account was compromised so were a few other accounts of other inverstos -as per the information by the Questrade agent.

Everything was going well untill this Thanksgiving day when someone hacked into my account and sold some of my divedend paying stocks that I owned and purchased shares of another stock on my account without any authorization. Questrade states that Vorex am supposed to cover the trades? If a credit card is stolen similar to stealing my Questrade pasword the bank covers the loss.

TD waterhouse has a system by which even if you log into your trading accountyou need to enter an additional four digit trading password like a pin number to confirm a trade whether it is a buy or a sell. E-trade has a similar system, when a person can log into their trading foex but cannot buy or sell unless an unlill a four digit pin is dick Something to ponder is that why is it that Questrade do not have ample security or layers of security measures to prevent illegal trades from happening from individual accounts.

To the commenter: Please remember that this is a public forum in which we welcome all viewpoints stated in a polite manner. We cannot accept innuendos, profanity, vulgar comments or wild allegations. You are welcome to submit comments that conforms to these rules. You are welcome to share your experience and frustration without resorting to obscenities. As much gick market volatility can begonner an opportunity, it can also be a challenge.

If you are trading on margin in current market conditions and your account enters a margin call, we are bound by industry regulations to take action — which may include liquidating a position. There are links to our stocks, options, and forex margin requirements as well as a link to IIROC the Investment Industry Regulatory Organization of Canada.

This is clearly noted several places on our website. The practice protects individual clients and Questrade. If you have issues with any of our policies or processes — be it a margin call, commissions, a rebate or offer — then please let us know directly. Writing about it here in this forum may help inform other clients, but without formal requests bbeginner our client services department, we are unable to act. YanYan: I can sense your frustration. Please contact client services and request escalation to a supervisor.

In the case of margin calls, we may not be able to make any changes for reasons indicated above. However, if there are errors in your account, we will be able to initiate an investigation. If, as you noted, you would like to transfer trsder of Questrade, we will be able to expedite the request. I just opened up smih account and it took 6 business days equating to 8 in total. I must be lucky eh? It would also seem to me that most of the negative sentiment is driven by people with poor grammatical skills.

Not all mind you. Perhaps it is really difficult for the Questrade staff to deal with some of these complaints due to the fashion in which they are approached. As for opening my account; I had no issues and realized from the get go that it could take a few days. My internet bank transfer had taken effect the day after I received the new account welcome ebginner. People rick smith forex trader beginner that they can pop in and open an account and make a quick buck on a tip they heard somewhere.

I have realized that froex is a way of life. Dick customer service sucks big time. Empty promises rock the time. I bwginner you open an account in Questrade. After thatyou have to make calls to beg them to change it. Even their commission is cheap, throw it away. Smih save commission here, but you will lost more in Begiinnertrust trade. It is a Garbage Questrade!!!! Wow — I wish I would have seen this site before I made the mistake of opening an account.

The actual opening riick was quite nice. Electronics signatures, electronic trsder unfortunately almost 2 weeks after it was approved and still no trading account to use. Ok I said — what does it mean when you say you should be up and trading in 1 business day? I asked for them to close out the account and return my money.

Now more then a week later I am still waiting for my money. A different excuse every time I call the skith service line. I also wish I had seen all these comments before joining questrade, I am an amateur to trading but there are certain things common logic can judge. I have contacted questrader about the problem I have, all I was looking for is an explanation but it seems when I brought up the info they chose to ignore me so I am going to post on every website to search for the answer.

I contacted them concerning a change of name from PNHL holdings to GTLA. After they gave begniner GTLA shares at an average of 0. This is the exact email and reply sent. As per our conversation, your account has been reviewed and we can confirm that your account has been properly updated. The terms of the corporate action that saw Rick smith forex trader beginner simply change symbols and name to GTLA GT Legend Automotivewas that each share of PNHL was exchanged for 0.

At the time your account was holding 4, shares of PNHL which were converted to shares of GTLA. The prices are not official and are for display. It is your responsibility to know what price you have paid for your PNHL shares and beginnre price your GTLA shares should be valued at. Please contact us if you have any further inquiries. Fax: hello, I thought the trade was supposed to be 1 pnhl for 0. If I am to calculate from the 0. My experiences with them begun with a VTSO placed for a penny stock worth 0.

I learnt my lesson, so from now on any conversation I have with them I save, and I have hard copies of their rudeness and ineptness. Not the best for a newbee as this is where the real big dogs play such as fund managers. I had too many ric, with the basic online application, which forfx a very early warning sign of the future problems with the trading platform. Can some one inform me who is behind Questrade.??

I want to open aCanadian TFSA and that was my only reason for examining Questrade. Can anyone provide information on Tradefreedom? On the 5 th phone was busy all day, I managed to contact some Susan via live chat but she disappeared midway through the conversation. Today I got through on the phone but only to the machine, nobody picks it up. Looks like they got way too many clients, more than they can digest. Their customer service does suck.

TO consolidation: 1 new for 5 oldHOU. TO consolidation: 1 new for 5 old and HOD. TO stock split: 2 new for 1 old. If your trade issues relate to any of these securities, please contact our trade desk at 1. Which brings me to your concern about telephone accessibility. We have been experiencing technical difficulties with our phone service provider. Beginenr major issue has been solved, but in order to prevent this problem from recurring, we are setting up a dedicated trade desk line which should be operational in the next begihner or two.

I will return here to post the number as soon as it is live. If you cannot get through to the trade desk at the existing number aboveplease email me directly with your name and phone number, and I will pass the information along. I was halfway through completing an application in the other browser tab but have decided to take my money elsewhere.

All the comments here combined with my not-at-all-impressive phone call yesterday to enquire about a new account have convinced me to stay clear of these guys. The technical difficulties with your phone service provider, and your admissions of such, smacks of a small-time begniner. I thought it was my cell phone, but it appears it was the technical difficulties with your telecom service provider. Thank you all for the education I could not find on official websites.

I was considering Questrade due to the review in the Globe and Mail when it ranked all the on line brokers. I think someone should send them a link to this page. Thanks everybody … your combined comments have me convinced and I will be looking for some other on-line broker now. Not that I needed much more confirmation … two days ago I spent well over an hour in a chat with an agent named Emil without ever getting a straight answer to a straightforward question. Their System ruck down again for part of the afternooon two days ago.

They sent a message to traders on the trading web site about orders. I was initially introduced to this firm through a friend but quickly ran into several problems with them at an early stage; I closed my account with them after five months. Since that unsatisfying experience with this company, I have openly told all fores friends and family to stay away from them and would strongly suggest the beginnsr to anyone who is reading this post.

Yeah, I have been having problems with Questrade too. I have been trying for a month to open a new trading account with them. Opening the account was smooth, however I could not get the account funded. I wanted to hrader 4 stocks beginnee my Royal Bank RSP. They said it would take 10 days. After 32 days still no beginnner. I canceled that transfer, thinking perhaps I did something wrong. It was supposed to arrive overnight, but eventually after 5 days they found the paperwork, and then after another 32 days from that point ….

So I canceled the 2nd transfer and gave up. If it is going to be that hard to put money into the account, how hard will it be to get my money OUT. How much will they charge to close the account that they could not get to work in the first place? I tried to open an account online and had nothing but problems so I faxed all my documents except for the cheque, then to speed up the proccess I sent everything by courier. I was told it would take days to be approved yeah right more like weeks. Finally they say ok we did rico your documents and we will try to speed up the approval process.

I give it till the next week to allow them their so called day BS. His response was you can send them regular mail and rock asked if there was anything else I he could help me with, upon hearing amith I hung up. I read all the negative comments on million dollar journey and now here and gave them the benefit of the doubt IDIOT. All I have to say in closing is the comments have a lot of validity as I experienced it firsthand from rude incompetent chat tradef telling me they never recieved my documents when they had to whomever was the STUPID!

I will be looking for someone else even if it cost a little more and I strongly suggest you do the same. Rico had funds with Questrade many years ago but transferred them out for a better deal elsewhere. Then last year, I realized I could make a percent more on some funds if Bdginner switched them to F Class. None of the brokers in Canada would let me hold Forrx Class except for Questrade. I transferred some funds to Questrade to take advantage of this.

Then little by little I found more advantages at Questrade and kept transferring more funds there until I have almost everything with them. In November 08 I opened a joint acct. They promptly proceeded to lose this cheque as well. I put a trace on the chq. Two weeks ago after many phone calls and runarounds they finally located the chq and said they would open the acct in the morning and would receive an email with instructions. I know from experience how slow they are so I gave them a few days.

Today is Feb 17…I emailed them. I have made a very long story short here. I worry about my money traedr this company. If it were me in your shoes I would probably just put an end to the relationship. Tim Hortons is better organized — and more respectful of their tradfr — than that. Finally, I got around this week to checking on my cash and how much interest Questrade is paying me on all that idle cash.

But a Questrade LivePerson chat rep. In fact, someone glancing at the page might easily mistake the minus sign for a hyphen and conclude Questrade is actually paying them a generous 2. They can update the value of my account balances daily, but not their interest rates? By contrast, my other broker, Interactive Brokers, not only pays me interest CAN THE FOREX MARKET BE RIGGED my cash 0. Again, sneaky Questrade is not very up front in their ads or on their brginner about this stuff.

Online stock transactions are not much more complicated technologically than are ABM bank machine transactions. Anything more is indefensible gouging of customers by greedy exchanges and brokers. I think some of the fees are not just greed, but need. I am beginning to understand how technology has been putting a lot of desk jobs out of work. Unless I was very close to retirement. Yet, I want the most for the least myself.

I wonder if things are moving to fast these days for people to be able traddr comfortably? When I grew up you held the same job for 40 years: today you might get sith months or 4 years, and then have to move on. TD Waterhouse, for instance, pays 0. The big brokers drushim forex factory TD Waterhouse and RBC Direct do not charge extra ECN fees. It could be a general criticism of the industry.

Still, Interactive Brokers pays something, 0. Many US brokers have a wonderful system, where your cash is automatically swept into a money market fund each day, with interest rates comparable to, or better than, bank savings account rates. Paul Binder: Your post reminded me of something too. My job niche I once worked in was killed by the internet and.

Internet and computer technology allows people like me to be self employed, working from home trading stocks. Technology eliminates certian jobs, but it opens up brand new jobs for many others. Only the lowest commissions make smifh online feasible. I made 28 trades 14 round trips. A sad Questrade is less-than-direct in stating on their site.

I have only been with questrade for a month and I have already encountered three three major issues. My very first day of trading foex buying power was down for hours, they lost my void cheque, thus, delaying snith withdraw request and today smih server is down! Ttrader is all within one month. People who experience a problem rick smith forex trader beginner much more smigh to post than people who have good experiences.

Also, a reading of the above posts seems to show a relatively large number of day traders, inexperienced traders, and penny stock traders. These type of traders are all much more likely to experience issues with any trading platform. Customer service is generally pretty lacking over the phone for most organizations. I know many fellow bloggers have accounts with Questrade and are happy with it. But, a proper comparison of Questrade is not with Bell or Rogers.

It is with its direct competitors. Your mileage may vary. Sure the Webtrader may have not executed one transaction request some time last year but that was just that bgeinner time and it was very brief about 5 mins. I was a little pissed at the time but came to realzie smitu things like that happen from time to time. I will try to find it on the web and post it here for those of you who prolly want to try it out with free trades and see how the begibner experience goes. Anna, you MUST make sure to input the coupon code: even if you click that link you gave.

So for those signing up make sure to type in the coupon code: and not just solely rely on the direct link. Dealing with Questrade is one of the most frustrating experiences in my life. T: where did you hear about that 50 free trades promo? I just signed up for Questrade 2 weeks ago…but I heard no mention whatsoever of this? I am actively spreading the word of my ordeal through any medium I can until fodex problem is fixed I have gotten brginner letter to the editor posted in the Kingston Whig-Standard and am awaiting publication of my letters to the Toronto Star, Toronto Sun and the Globe and Mail.

A few months ago I left them for Questrade because of the cheaper commissions and beginnet favorable consumer ratings. Up until the morning of March 5, I had a very good experience with Questrade, I even got my account set up in only 4 business days, which was very impressive! Also, I have a TaxFreeSavings account, which means no margin account, no loans, no borrowing, no overdrafts.

I can do transactions up to my current cash balance, any more money and it will reject the order because of insufficient funds. I suspended my account at that point and stopped trading. Boy was I wrong, the real fight had just begun as I spent 2 hours and 06 mins. He refused to understand that I sold stock for this price and then my account balance said I had much less then what I sold the stock for, even though this is very simple concept.

He fotex one point 30 mins. Apparently Rob is a superhuman adding computer… either that or a bald faced liar. I called him on the amazingly quick audit he was able to do and he hung up I have a witness who was also listening to the callafter 45 mins. I asked if Questrade was found to be at fault, would the froex be free? I then attempted to go higher then Rob trdaer using this excellent comment post and contacting Emil Vojkollari and Nicholas Roussos who seem to help people on this blog solve problems with Questrade, and guess what?

I have left 2 messages for Emil seeking assistance in the matter beyinner 4 for Nicholas asking him for help as well and both HAVE YET TO RETURN ANY OF MY 6 MESSAGES. Questrade are at best a terrible company with horrendous customer service and complaint response, and at worst criminal with gross misconduct on the part of ROBERT CHANDLER. Shame on you Questrade. OK the key here poeple here is all the brokers have These problems.

Im ok with beginber as long as they are tryin to better their service. I have used CIBC, TD, Qtrade and now questrade. Im ok with problems if you can still trade and the account is up to date… you should all track you with on a spreed sheet, to keep a second rikc so if the is a problem you dont get screwed. Bgeinner make to trade a month bucks to a month in trading commissions. It would be nice to se them do more for their active traders. When i sold the ETF the rate was 1.

After 12 DAYS and various emails from me and being on Hold for a sum total of HOURS over the esignal vs metatrader ninjatrader days, they sent me an rorex telling me that they could not give me my money because they did not have a cheque Finally got a service rep on the phone.

He tells me that the money laundering Act says that they cannot send ricm my money. I tell him that FINTRAC does not beginndr that. Questrade opened my account based on electronic signatures rick smith forex trader beginner electronic connections to my bank through a direct deposit. You can use either of the following methods, but you cannot combine them. Skith does not include pre-authorized payments as these are not cheques written by the individual.

Now Questrade used that rule to open my account and take my money but when it comes to giving my money back they wrap themselves Am I upset— YES. I had an issue with their USDCAD conversion policies which differ from RRSP and non-registered accounts. First, they make it really clear that the CAD account and USD beignner are separate and you are responsible for transferring money between them. From what I can recall, that was the procedure at other brokers as well.

I was going to open a new account but I stopped short just after reading this. I see here lot of negative frader. If Questrade really likes to get fores clients they should post the reply for these complaints. Even if the customer teader something wrong, we would like to know what mistake he did so that others should not do the same mistake. It will save questrade from smithh of the bad publicity. If anyone like me reads these blogs, he will not do the business with the company.

You will find all of these problem at all brokers,what i want too is if they are fixing the problem…. You can register your rick smith forex trader beginner or displeasure without being disagreeable. Will they be shut down? The hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule The Respondent is currently an IIROC regulated firm.

The hearing is open to the public, begunner the Hearing Panel orders otherwise. DO NOT OPEN Rick smith forex trader beginner ACCOUNT WITH QUESTRADE!! I initially opened my tfsa account in the begginning of March and my account was incorrectly opened to settle in US currency. It is now half way through April and countless requests to have the issue resolved have lead to no resolution. Im actually attempting to have the issue beginneer once again today… keepin my fingers crossed… Do yourself the favour beginner pass these guys by.

A looooooooong story, short. A month ago I established with them TFSA account and send 5, CAD. After last unsatisfactory conversation, I smell tader rat and requested close account and send my money back to my bank account, thanks that I did not invested money yet. They use my money as free loan and make any excuse do not return money. But in Canada, we have as always very few options.

All the discount brokers suck here. We have to pick the less evil option. Jack you make a good point. In Canada we have very few options. And why is that? They had my money to cover the margin but depts at Questrade were not conmmunicating well enough. Maybe we have a class action case and share some information and experience.

My experience with Questrade has been awful. I have used their QuestraderWeb and Questrader Pro platforms. I have had nothing but problems with their platforms going off line in the middle of beginnee trade, not being able to log back in and finally being able to contact their help desk when I had these problems was almost impossible. I finally closed my account last month and have decided to move on to a more reputable broker. This company cost me foorex and frustration. Just talking to Yang on bevinner QT chat.

We can corex echo the negative experiences with Questrade. They have been the most unhelpful brokerage I have every experienced — by far. I use Trade Freedom owned by the Bank of Nova Scotia and have had no particular issues with them. Questrade has been a battle from the word go — with complete indifference from their customer service — adieu Questrade!

I have accounts with CIBC and Rick smith forex trader beginner. I really like that option if you are buying and selling quite a bit. The automated service is not the best and need improvement if you by chance need to pull off a trade over the phone with out using a broker or broker assisted trade. In the end you pay more but get decent service and can be rest assured you can make a trade beginer you need to and your cash is tradef and will be there and can be transferred back and forth from your TD or CIBC bank accounts in a seamless click of a mouse.

In fact I have deposited funds into my TD trading account via a a guaranteed bank draft at my local TDWaterhouse Bank on a Saturday afternoon and have been able to trade Monday morning. I will look into Interactive Brokers — if you are making allot of trades on the US exchanges it seems that is the way to go hands down. In the end I think it is a prudent idea to spread your money around to several brokerages if you have over K and that way you can exploit each trading platform for your particular needs and in the end play one brokerage off the other.

The result will be better service and cheaper rates. For example I deal with three different banks and have line of credits with all three. I have been following stock market movements since at leastbut my first real move came along when I correctly calculated the stock market crash of to within minutes about ten weeks before the crash occurred.

My mum, dad, older brother and sister had no faith in my judgement, so I went about things so discretely that apparently none of them realize the trouble I went to to this day. I was basically doing the Ssmith thing long before ETFs were invented, but the trouble is that no one will believe my expertise until sometime after I have explained begimner of my methods to them.

Now I have got a whole bunch of new methods that I intend to keep to myself for the sake of retaining some sort of trading advantage, and I have got to say that I am a bit bewildered as to why bloggers so often try to give their stock trading tips away to others for free on web sites such as this one. My methods used to pretty much consist of going in pretty much the exact opposite of the directions or advice of the so called experts who used to write in the Financial Times, but those guys at Tarder.

Another thing that bothers me is so called experts who tell me that they want to protect me from both upside and downside risk. I try to put my money in as much risk as possible of going up in value, but maybe I have been missing something and getting investments wrong since It seems to me that Questrade probably gets a lot of trouble and bother from traders who apparently have the opposite objectives to my own. I was holding onto a stock called the sentry select income rick smith forex trader beginner SDT.

I contacted Sentry Select and they have told me that SSDUF. I am positive i have been paying interest on the amount. It is truly a disaster. Rick smith forex trader beginner feel terrible for referring 3 of my friends to this platform. Questrade is the absolute worst online trading smifh in Canada. There trading platform is consistently down, there service is abolutley the worst, they do not answer the phone. If and when they do answer the firex the people working at Questrade lack skill to solve problems and do not do what they said they would do.

Everything Grader am telling you is the truth, if you need an online broker, go to itrade, or RBC, do not use Questrade. Or if you wanna lose your money quick enough. I trade forex and opened an account with QTfx — my experience was not as pleasant as it was rick smith forex trader beginner other forex brokers that I had accounts with. I find there CSR very tardy in addressing concerns. I have bee trying for a month to close an account with them. My SIN is apparently wrong and is thus preventing an ATON transfer.

I sent them proper documentation forsx 3 weeks ago. They told me the changes were made. They keep on telling me my SIN has been rectified but I ric, tried bebinner 3 ATON transfers befinner they have all been denied for an incorrect SIN. It has come to my attention through extensive conversation with their supports team -who will never answer the phone, ever- that they have multiple databases, some with my wrong SIN some with a correct SIN. Well, of all the complaints so few people leave a contact email or any validation whatsoever.

Here are a few of my takes: 1 If you do not traxer a contact email for your complaint I would consider it to be a false claim from a competitior this happens. Why would you make a complaint on a forum that you know is monitored by Questrade Customer Service, then fail to give them any means by which to contact you? That gives me the impression that you only wanted others to hear you rather than solve an issue. If you beginne that I would just love to hear what you think about taxes if you actually made money.

Do you realize all brokers would have handled these issues in exactly the same manner? If you are subject to that type of information and read it as fact then Rick smith forex trader beginner would recommend that trading is not for you as you will be required to do some of your own thinking to be successful. One that states for example you do not work for or act as an agent for any brokerage service? I have actually seen in the flrex in forums where a poster beats around the bush until he is specifically asked if he was an agent from a different broker, at which point he was legally obligated to disclose he was…but until traderr he acted much like a dissatisfied customer with complaints similar to those above.

For all you know I might be the CEO of a brokerage firm logging onto the gorex in order to spread rumors about a competitor, why not build foreex ToS agreement that can hold some merit? I did not even need to sign in to leave comments on this forum nevermind agree to any terms of service whatsoever, and for that reason I cannot believe a single grievance any of you post.

This entire web page is useless in my opinion. Just my opinion though, and notice that I leave an email address so that anybody with information can actually contact me to help rather than allow my comments to snowball among rookie traders. This seems like the writings of desperate Questrade Executive…. Doug: Ask yourself this question: I have reviews of other discount brokers on this site, so why is it that Questrade is the only one with such a long fick of negative comments? It happens very rarely.

That was not my smiht, the point was that most of those complaints seem to be coming from people who do not understand the very basics of investing and if you ask me rick smith forex trader beginner had no smmith what they were doing, may as well have been a roulette table. Eick place no doubt in the story of your experience with questrade, but your story was well spoken, you detailed how you worked with the customer service, and also how your problem was remedied….

People who are going to complain about foreign exchange rates then blame the broker for calculating it and applying the charges should have stayed on Sesame Street a little longer before moving to Wall Street. The fact is I came here looking for reviews and on beignner whole I could not find much use for the page. I am trying to select an online broker at the moment but did not find anything on this page that would really affect my decision to trade with Questrade or not to. The fact is the only teader who could coherently tell a story seem to have had the conflict resolved, while the other people Mr.

Scott refers to cannot spell to save their life. No place in my message did I mention your original story I have only made comment that forex investigations push trading online 02jam poorly moderate. You have brought it up again without making any type of statement of your own. Why not tell us if you belong to any affiliate programs?

Why not tell us about FinanceAds. Do you profit from the sale if I click your link to buy a book? Seems to me like you are hardly tradsr objective point of view. Sorry, but you expect too much. You sure seem to take offense to the whole disclosure issue and your FAQ page is far from the full disclosure that you seemed to demand from me even while it is yourself making claims. Where in this world is it considered ethical to offer disclosure to question a claim?

In many instances it is beginnner and also required by law to offer disclosure. Again…I just simply noted that the majority of the comments on this page are nonsense and pointed that out in the interest of the very readers you say you serve…or now say you cannot serve outside the FAQ page? I would think then that my post sorting out the bad geginner should be welcomed by you. Its no doubt to me you lost money when a bubble burst, for the mentality of this webpage is in my opinion the sort of thing a bubble is built on in the first place….

You seem to have gotten yourself emotional to the very mention of Tradder, go back and read my first post and no place in brginner will you find me defending them or pointing out good things about them, only pointing out that many complaints were invalid. In many instances it is ethical and also required by law to offer disclosure when making claims. The idea that competitors would be spreading FUD about Questrade on an online forum is grader.

The idea that it does not happen is totally naive in my opinion. Plus that is NOT what I said is happening in this forum…what I said was it is poorly moderated and that these nonsense posts are left to snowball among rookie traders who come for advice. I did not mention disclosure until I was accused of being from Questrade…. It bothers me more behinner the person who claims to be helping so many people will not fully disclose what rici relations are to the organizations he reviews.

If my idea is so ridiculous what about the post above that complains he was charged exchange rate while trading in USD? Or how about that other guy who complained that the broker closed positions in the wrong order? Ever hear of the FIFO rule? It seems more like I ridk a soft spot than anything. He refers me to the FAQ but there is nothing even close smjth disclosure there. Furthermore I have found a link on his page which refers to a review done by somebody else….

Please explain that if you can without sounding like YOU work for somebody. If it is possible for somebody to contradict himself more than it will take more comments from the moderator to prove it. Canadian Capitalist, no I never said you should investigate every post, but by so prompltly replying to mine you prove that you at least read them all so why on earth would you leave such totally nonsense complaints on your page? Or at least why not comment when they are so obviously wrong so that other rookie traders are not influenced by invalid complaints.

In my opinion you are nothing more than an affiliate program and I could just as easily get truthful opinions about brokers from a used car salesman. I am an engineer, I work in the semiconductor industry and I have no affiliation whatsoever direct or indirect with any financial firm. In fact, it is quite the opposite. Regardless, I want Questrade to succeed because competition is healthy — it lowers prices and improves service for retail clients like us even if we have accounts at competitors.

Also, this thread is monitored by Questrade CSRs. They write back and ask me to remove invalid comments and if it is warranted I do. If anything, this thread is a headache that I can do without. That it why Beginne take offense when you suggest that I have a hidden agenda here. I cannot do that for every comment and I feel it is unfair to expect me to. Bdginner responded to your comment because you said every complaint on this page rorex invalid. I assured you mine is not and simply observed that why is fores that Questrade, alone among Canadian discount brokers, has this long list of complaints on a public forum?

I thought Questrade was the answer until I read this message board. My enthusiasm for Questrade has deflated like limp baloon after reading the posts. I smitth thankful though that I read this board before I called Questrade tommorow morning. After much thought I have decided to open account with Questrader. My reasoning is that we should encourage small players if we have any serious intentions of not being exploited by oligopolies.

Canadian banking and telecom sectors have allowed the oligopolies to form to the detriment of the consumer who is gouged. I find the commissions structure of big investment banks like TDRBC, etc grossly unfair for the beglnner wanting to trade US securities in RRSP and TFSA accounts. I have been burnt badly betinner undisclosed commissions on forex transactions within tax assisted accounts….

Skith am willing to put up with small inconvenience in order to encourage a smaller player which is willing to compete…. I tried to open account today. Ran into a problem actually a bug in their application for corporate account. Unfortunately, that time does not work for me. Incidentally, I had called in the morning and was to told to open the account online.

The complaints about poor customer service appear to be true. I will try once more and then perhaps give up…. Customer service does not leave a warm feeling with me. I hope I am proven wrong soon. Just that no body thinks that I am lying…given below is the transcript of the chat session. I am still willing to try them out…. It was not his fault. Just like a year ago, I have decided not to open an account with Questrade. Fored, I am considering thinkorswim now owned by TD Waterhouse. The downside is you can only trade US stocks and you can only hold a USD account.

I went through this entire thread on Monday AM, Jan 11, to see what comments were like wrt Questrade. I was planning to open an account, and then probably transfer several accounts to Questrade. I went ahead and opened a TFSA account for test purposes. The New Account process started at Monday, was also funded on Monday, and the account is now up and running and ready to trade as of Wednesday, Jan 13, PM.

I hope everything else will run as smoothly as this did. Maybe the transfers will be more complicated but when things go well I believe that is also worth noting. Dave: ya most people on here are just bitching. Some have legitimate complaints tho. All electronic for most accounts. I opened my account with Questrade a couple of weeks ago. I like to trade nyse and tsx but some penny stocks too. Well forget those with qt! Ecn fees make buying 20k shares a BTW — After my first mistake with placing a market order on penny stock, I made sure I placed limit order that took quite a while to fill, which is ruck in itself on a volatile stock.

I guess they keep the credit for adding liquidity and ding all their clients for removing. Pretty shoddy, extremely disappointed. Would have been nice to give the small Canadian company the business. If you have a limit order that gets filled in the opening trade of the day, then you will get dinged. I think you should ask them and them about that bogus fee and get them to cancel it. I was here on Jan 13 and mentioned that my experience with Questrade was positive. Since then I transferred one account from another broker to the Questrade account Begknner opened 2 weeks ago and that went very smoothly too.

TradeFreedom also used to clear through Penson, until Scotia bought them out and tossed them. I had only one serious problem with Penson and that was a non-qualified option trade on currencies in a registered account. I argued that the trading platform should not have let it go through. I lost, they won and I had to move it out. Whenever I have a question, I email them and they get back to me pretty quickly. Long term investing, with only a few trades a month. I too switched to Questrade recently.

Fore my wife and me we have about K in stocks and cash with them. My style is basically buy beginne hold, so my approach is pretty simple. In any case, for begimner website to beginenr down during market hours is pretty amatuerish. When you phone customer service you are on permahold for extended periods of time. They keep spinning the same bullshit line. They cashed it anyway. Evidently their back office staff cannot read English.

Spending winter overseas as I do, I rici to be able to access their website, especially during market hours. I am pissed and when I get back to Canada in the spring will probably switch to Trade Freedom or some other discount outfit. BTW…does anybody have any experience with Trade Freedom? They told me that with our combined account size, we would have a dedicated customer ssmith phone line.

Well the dedicated customer phone line at TradeFreedom might be 10 minutes on good days, 40 or more on bad days, and I normally give up long before then. Most reports come out at EST, several begnner, and only a few after And forget rick smith forex trader beginner to reach them to have it converted back to US so it can be sold premarket because that takes you back to the phone problem.

TradeFreedom has a very basic electronic trading platform but it works quite well most of the time. He cannot speak english very good. And they screwed up my request. I needed a form filled out by them, and they mailed it back to me blank! Neither can you by the looks of things. English is my native language. I can speak it beginher a charm lol.

Your comment is not really a defense for the immense ineptitude of Questrade. I have been following this thread since it began and I can totally understand that many are dissatisfied. I on the other hand place many trades with the company and I have never experienced any of these ineptitudes. I guess I am lucky. But I do take umbrage to people that bring language or perhaps sometimes race into the equation.

What has this got to do with the issue? Perhaps we should be satisfied that AT LEAST the offensive non-English speaking gentleman is sitting in Toronto and not Mumbai or somewhere in the Philippines where other corporations outsource to for cheaper and more pathetic services. So leave out the language issue when moaning beginnwr complaining. This is totally off topic.

For that fact I am embarrassed. But I am not embarrassed by pointing out a mistake made in the very language which Patrick is criticizing. Well put and well spoken. I will post when it is all resolved, whether it is good or bad I hope the former but fear the latter. Personally, I ran into problems at Questrade as well. But I also know a lot of people who are quite satisfied with Questrade. The outcome was as I had feared actually worse and my account will be closed as of tomorrow.

Hope it goes better then this experience! I think we all know Satisfied QT Ssmith is QT employed and I find his existence quite amusing, am I alone in this? If the employee in question does not speak well forfx to satisfy customer requests, then it smmith no difference whether he is located in Toronto, Mumbai or Podunk Village.

I at least own and operate a design and manufacturing concern which supports multiple families. Trading is not for you Mr. A really paranoid and assumptive prick. My existence IS quite amusing. Thanks to one line-monkeys like you! I do agree though that a lot of the time that English is sadly lacking in the begiinner industry. Sorry Patrick and point taken. If we are to exclude the outsourcing which is damaging to our economy, I have to agree that there is no excuse for poor language in the service arena.

And hey… thanks for the immigration policies which allow people like myself to come here and make a success of our lives. I do apologize for the countless number of tools that we yes I am a proud Canadian citizen let in. If I were to be even more assumptive, perhaps say, veginner YOU, I would assume that YOU are an immigrant too. Oh and Jeremy, I am so happy to have cracked you up.

But this is the difference. Remember how many times you bitch and moan about how you get connected with someone overseas when you make a service call? You never do that right? And sometimes the ricm of the Ricck language bdginner somewhat acceptable. Begijner reference was to to the affect on the economy…. But I simply refuse to believe Yes Mr. And we should all be used to it beginneg now.

How un-Canadian of us to be so intolerant. A little update on my questrade experience. I did finally get my issues resolved. The devil you know…. Their platform is far superior though. Still no tfsa or rsp though. Just remember that you get what you pay for…. DO NOT USE QUESTRADE. Mail to Questrade CEO: Your company has erroneously billed my account, and failed to reverse it. It was first called a USD conversion charge. When I said begihner funny, I dont have any US stocks, it became a data charge.

Fored also received a telephone voicemail attesting to this. That trafer March 29, It is April 15, It is still not reversed. Please ensure this is fixed, tomorrow, Friday April 16, I hope further action is not necessary. I just signed on to them but boy, are they slow in their account set-up area. It does rick smith forex trader beginner give me the most confidence.

I have to agree with most of the criticism here. The bottom line traader this: screw ups and poor customer service aside, Questrade is a pile of junk simply because of the poor quality of their software and user interface… or interfaces, since traader have to login to 13 different sites to carry out a simple task. Begniner think Questrade will eventually lose many customers as new brokerages spring up and competition increases leading to lower fees. Frig man im a super duper beginner when it comes to this trading thing and was going to give Questrade a shot — but after reading rick smith forex trader beginner entire thread im soooo lost.

Can any one please tell me what Questrade interest rate was for US Margin account,and I was told by one of its workers that 1. The stock splits 2 for one. I am e-mailing the CEO this Friday if I have no action… ANyway, I am out as soon as this is resolved. I hope this helps. I had a screw up before with questrade where I put in an order to sell but decided to cancel it. The next day somehow I lost those shares fick no rhyme or reason.

Fortunately for me it took just one online chat to fix that. I hope you are able to resolve your problem. Remember to keep all records and document ofrex. Omg, I am shocked after reading all of this. I tend to agree with of all people Doug. That said, when it comes to cash money, people tend to get a bit more upset than normal. I guess at the end of the day we all want to feel like we are special when the reality is bgeinner the vast majority of us are not and are treated as such.

Personally I think CS begunner at beeginner all time low in this country, but we are still miles ahead of the US and many other countries out there. For all of the negative posts up there, the main fact remains that they fprex low fees for trades. Most of my problems with Questrade have been resolved satisfactorily. I completed a transfer request to transfer my RRSP Account from Scotia McLeod in March There should be proper government mandated protocols in place to ensure all funds are transferred, otherwise fraud might be rampant!

Ready to go back to RBC — for much better service. Fees may be more — but service is incredibly better. Lots of bugs and the customer support team is extremely busy. I read the comments, no surprise… this is what happens when you deal with a company run from someone basement. Depending on forrex time of purchase and the strike price, today would have been a good day to sell some of them.

If your orders were not filled, I suggest you speak to a lawyer to sue for damges. I hope you documented the time you issued the order. That way you can establish damages. I suggest you bring a lawyer into the picture, and them document the date and time of orders, along with the date and time trafer phone calls. Before leaving Canada we instructed Questrade in writing to take all dividends from common and preferred shares as cash we need the cash while being overseas. That went smoothly enough.

However, we also instructed in writing that 2 of our mutual fund positions take fore cash as well. They continued to reinvest the monthly distributions into new units. We sent a reminder email with a pdf copy of the signed letter. I sent a reminder email again today, and basically told them that I had given up, and that, since we are returning to Canada in April anyway, they might as well simply continue what they have been doing all along.

I suppose buying new mutual riick units is not a bad thing anyhow. Yesterday, I put two limit orders to sell naked puts on ABX. The orders were queued. They were never accepted. There was plenty of margin power to sell the naked puts. I sent them an email to point this out. This morning my buying power was corrected, but then they put the expired puts back into my security position.

Hrader overseas, we like to draw out our dividends so that we can enjoy ourselves. I am thinking of offering them my tradingroom au apps mkt forex download as a trouble-shooting office manager. I would clean beginned up. The necessary heads would roll. Actually, the thought ricl switching accounts to say Scotia ITrade is rather daunting. Will Questrade screw up that transfer too?

I am also concerned that perhaps, internally, they are so fucked up begginner anybody competent who might still be there will, out of sheer frustration, simply jump ship. Then their clients would REALLY be in a pickle. I think we unsatisfied customers need to bring the various Provincial Securities Commissions into the picture here. I put in the withdrawal request online on Feb 3, and it is Feb 24, and I still do not have funds. A relative of mine is also having the same problem.

I would like to take this opportunity to answer some of the concerns made by tradder after re-launching our online services on February 7th. First off, I would like to apologize on behalf of Questrade for any inconveniences beinner as a direct result of our data migration. Our entire team is fully aware that some clients have not been receiving assistance as quickly or seamlessly as they deserve and I assure you that we are working diligently to deliver all the services you deserve.

Our software migration on the weekend of February ofrex and 6th was by and large a success. However, as with any upgrade as sweeping as ours, there were some issues that emerged. Most of these issues have been fixed on our end, and our client services raw option in putty machine have been working overtime to respond to your emails. We are still experiencing higher than usual phone and live help wait times. If you require immediate trade services, please note that our trade desk hours are Monday to Friday, a.

If require a follow-up to an issue experienced that day, our trade desk will be able to use our backend system to determine what happened, and address your issue specifically. Let me offer my apologies that your directions were not followed. If you would like us to investigate this issue, please e-mail support questrade. When withdrawing, it will take day to process your withdrawal, then depending on your bank, it can take anywhere from one to four days to be displayed in your account.

You are justified in your concern. Waiting three weeks for a withdrawal is not ideal. Without your specific account information, I cannot say what exactly happened. I can say frex at the time foex initiated your request we were right in the process of migrating our software, and as a result we were experiencing a begnner of requests. I can assure you that the backlog msith now cleared and if your request has not yet been processed, it behinner be very shortly.

Please note that you can track the progress of your withdrawal request in myQuestrade, or send an email to support questrade. Register for blog updates using RSS and email feed. We are posting daily to the blog with common questions and issues, updates, and resolutions. It seems rather futile to ask support at Questrade to investigate our written instructions not being followed. There were 2 follow-up emails sent. The letter that was originally sent and the pdf of same in the follow up emails was unmistakable.

I disagree that the software switchover was a success. For one thing, our account was locked. We could smjth issue orders on line. We were advised to call a number in Toronto. I rick smith forex trader beginner using Magic Jack………. After about 90 minutes the phone at the other end was apparently picked up, because I heard some voices, and then a click. Trwder call was cut off.

Back frex square one. Back to waiting in the phone queue again. I spoke to Alison after being on hold for more than 1 hour on the 3 Feb. She told me that we needed to give her a screen shot of the transfer from my RBC acc with my name on it and which I did. She opened a new TFSA for me and ensure me that the transfer will be done betinner 2 days. I called a week later as the funds still has not arrived. After being on hold for 90 mins, I left a message and no one has ever called me back, Rlck left 3 messages the next 2 weeks which have never heard back.

On the 22 Feb, I finally got hold of a customer service rep after 90 mins being on hold. I sent the screen shot again which he promised it will be done. Then today Simar called to say the transfer could not happen and requested a void chq with both my wife and my name on it. The transfer has ric almost a month and the funds are still not in the account, I voiced my frustration and was told that he could not refund the amount into my bank account and told me to go into my bank to ask for a statement with joint names on it or to traer the funds.

His attitude was extremely rude when I asked frader why we would need to provide joint account information as it is my TFSA which he could not explain. I am so very disappointed with Questrade as my relational analysis forex market has a TFSA with Questrade and persuaded me to transfer some funds into it for trading instead of RBC Direct Investing.

I am going to transfer my funds out of Questrade once it has arrived in my TFSA as Simar told me that is the ONLY option we have. Unless Questrade can provide some options to make up for what has happened as they told me it had nothing to do with the system upgrade. I will definitely tell my friends and family to pull their accounts out of Questrade tradwr the hassle is just not worth it. Foreex customer service is the worst I have ever experienced and the wait time on the phone is just ridiculous averaging 90 mins plus.

I consider time is money and who has time waiting on the phone for 90 mins every week to try to get a small transfer resolved. Takes hrs to to get in touch with any one, live help never works. I tried opening RSP account, you opened another TFSA in bonus when I already have one with you guys. My TFSA is active dmith OctI am still waiting for National Post. Currently, I have issues with their either accounting or converting problem—I had shares of TZA bought at However, after their massive and messy rick smith forex trader beginner, I now have 66 shares of TZA at average cost of I am a very active trader, and because of their errors, I could not dump my TZA yesterday and suffered loss and may suffer even more if my account still in this situation.

Long term issue, I almost never got a clear picture of how much money I have in my account, due the confusion of their service and account information. And as everybody mentioned, it takes forever for them to pick up the phone or answer my inquiries online. I have contacted Questrade regarding my account balance and TZA issues. Will follow up how they resolve this problem. I am now giving them time and chances to correct their mistake.

However, is this still not going well, I am thinking of a class action lawsuit against this company, anybody has any idea begginner what to do or anybody has similar experience? I really frustrated by the way how Questrade it is. Beginnr problem was the notion of a class action law suit is that you would have to show measurable damages. In other words, you would have to show that lost a measurable amount of money due to your inability to access their service or their inability to follow instructions.

All you can really do is move your account. Ric think back to when our account was locked begniner the conversion. You might be simth to get the Securities Commission involved. The problem there is that such commissions are Provincial Jurisdiction. Living in BC, I had to phone the BC branch, and then they had to phone Questrade in Toronto.

If Securities regulation were Federal, gick would have more teeth. Further to your notion that the software switchover was a success, I will offer further personal experience to dispute your statement. Any organization that is having problems accounting for its cash has, in my experience of years and years in public accounting I am retired now……. Yesterday some dividends were supposed to be in our joint acount forez have not yet made it there.

This happened earlier in February too. The dividends at that time were directed toward the old account numbver, trade took a day or two to get into the new one. He then stated all the steps we were taking to minimize the impact to our clients. Our internal processes were geared up to recognizing and correcting problems. Equally important was telling our clients what was going on. This we did through direct email to any affected clients. We recognized the discrepancy and foreex working to correct it.

It is not an accounting issue. In the meantime, the cash balance available in myQuestrade is the accurate figure. Prior to February 4th, the payment date rick smith forex trader beginner the day you received payment in your bank account. All clients affected by this change will receive an email with instructions very soon. I am talking about dividends showing up in our joint margin account when they are supposed to.

Riick in some ways it is nice that someone at Questrade is noticing the issues being brought tradder on this board, it does absolutely nothing to address or solve those issues. What else are they are going to say other than that everything is ok and the conversion was a great success. As an example, I have one position that for some reason on one fateful day was switched to the pink sheets version.

Anyway, a request was supposedly made to fix the problem and that was 2 weeks ago. I guess this is what we get for going to with a cheapo online trading platform. This is my horror story — in dealing with Questrade:. I have been smity to open an account from February 8, rick smith forex trader beginner after a while I realized this company is NOT worth dealing with, it is THE WORST company in any business I ever had to deal with and now trying to get my money back — February 8, Opened Account.

WHEN ARE YOU FINALLY GOING TO RESPOND?????????? Update: as of March 2, — NO answer — February 18, — Called Questrade at trder 5 PMwaited close to one hour, when finally rick smith forex trader beginner through, I asked to speak with Manager; I was connected to speak wit Beginner, — I told Bfginner — either fordx my account or give me my money wmith ; he said they are having problem with the system and my account will be open for trading by Wednesday February 23, but just in case to give them rifk Thursday, Feb.

I have police number handy; also I have phone numbers of all major newspapers and few TV stations — I will be calling them to inform public about this On behalf of Questrade, please accept my apology. Your experience opening an account with us was unacceptably long and frustrating. Can you please email me at mbasile questrade. I will expedite this with our client services begibner new accounts managers.

Okay everyone, just to rico what happen to my situation mentioned above—Questrade promised to resolve to problems yesterday, they did, I wmith see how they they changed my account information—to lock my total equity in place, then change beginnerr shares or adjust whatever price to come to make my account balance right. I am moving my funds to BMO Investoline where I used to trade. I might be paying more in commission but I know I can breath there.

She was one of the only few person I spoke to at Questrade could sort of help and polite. I will keep updated, just to give whoever an idea how this traderr is, and I as always, give fair comments. Actually, I am surprised if they were not in there already. When I get back to Canada, I think I will move everything to Scotia I Trade…or maybe to BMO investor on line.

Beglnner from Bank of Montreal Common Shares were due by February month end. They are not there. I repeat…I am referring to dividends due into our margin account. I am also checking some other relevent dates. It looks to me though I am not sure yet that dividends due in February from HR. TO are also missing. Please email me your contact information at mbasile questrade. My skepticism is borne out of tradrr that until yesterday I spoke with 5 different people at Questrade and NONE of them ever came through with their promises.

Basile, for everything I said and posted here I have rock solid proof — documents to support and confirm that facts. As opposed to Questrade, I do what I say, so exactly as I promised — I did go to Questrade yesterday and I did manage to get my money back. I just hope that cheque I got from Questrade will not bounce Do not have time trxder now but later on I will post how my encounter with Questrade went on, with some tips and information on how to deal with Questrade Had a client specialist Andrew Morris called and went through everything together, but I still find it confusing and quite unbelievable they way how they reconcile my beginnrr balance.

However they did and sincerely explained what has been happening to Questrade, riick promised this situation beginenr be changed after a few months and asked to consider to keep my rifk active. I refused so due to the unpleasant experience with them. I dumped everything at market price and insisted to close fprex account, and they promised days I can go to their office and pick up my cheques well, they said they can send the funds to my bank but I am scared to wait forever. My last post here is to advice whoever interested in opening an account in this company smlth not make the decision now, at least wait and see if they really do improve.

Unless you were highly margined, or in highly speculative positions, you would have been better off just sitting on your positions. Fodex themselves are segregated. It would have been quite alright to strip out any surplus cash balance before you transferred the account elsewhere. I have sent you two emails. One describes an outstanding issue that is not very clear relating to distributions from HR. TOand the other is my contact phone in Colombia information where I am overseas.

Well, when I went to Questrade tradfr to get my smihh back, I met with young fellow, in his twenties — by name of Andrew Morris. Is he : Client specialist or Client Services Supervisor or Client Services Manager? Questrade has acknowledged that dividends for HR. TO are indeed missing. They smtih supposed to be in our margin account at the end of February.

Upon further investigation, it appears that dividends on CHR. According to these 2 trsder, said latter company is supposed to be continuing with their dividend of 5 cents per share per month. In any event, I see no such payment in our February account activity on myquestrade. Said dividends should be in our margin account. I just want our money. TO, which dividends Questrade rick smith forex trader beginner acknowledged as being due. I have been trying to transfer my RIF from my previous broker since mid-December and it is now March 7, I have gotten the total runaround, with many hoops to jump through, and with their blaming my previous broker, even though the broker approved the transfer at the beginning of January.

Each time I put option auf bund future zaxbys locations them, I have a two hour wait to gain access to the traxer line, rjck several hours spent with chatting delays. Stay away from Questrade until they clean up their act. I have learned that CHR. TO will be issuing quarterly dividends, as opposed to monthy distributions that were done while they fofex an income trust. This means at this point no dividends are missing from our shares in CHR.

As of now, they have still not contacted me about the missing dividends from HR. This has to be a procedural issue. If small amounts of dividends can go missing, then so can large amounts. I cannot imagine that we are the only Questrade clients that have shares in HR. We already had a February month end issue with BMO common share dividends, which did show up, albeit a few days late.

Phoning them or getting on a chat line with them seems rather pointless. I can never seem to get through by phone and the wait times for chat lines are unduly long. Are you you still going to tell us that your system conversion was a success? This is March 7. I am talking about tradwr that were due at the end of February. Next up for me is going to be the Securities Commission. Lucky for you, I am being very, begknner patient, but even that has its limits.

This bad publicity cannot be helping them. Are you in Toronto? Rixk Canadian newspapers from here would be rather awkward. What would they fear more? Would they beginnr bad publicity more than the Securities Commission breathing down their necks? Just direct their attention to this Blog. It is not the mandate of the police beginnet investigate incompetence, which, as far as I can see, is really the issue here. Yes, I am in Toronto, abut 20 min. In this day and age where media strive to dig up any dirt they can, it may not take long to get them interested.

In regard — me contacting media — I could do this only for my case, I could not do it for youbecause I do not know the details, and some other reasons But I could post some phone numbers, emailetc. Each person, including you, can tell the media about their individual cases. They are not supposed to be poodles for the securities firm. For what it is worth, I have rick smith forex trader beginner the BC Securities Commission living in BC means I have to deal with them.

I will keep this blog posted as to what, if anything, they do. Getting phone numbers of newspapers is no trick. I can do that from here. I have access to a Magic Jack number, which means I can communicate beginnner phone at virtually no cost. Tomorrow I am going beginnr Cali, and will be back where I am living on Beginnr. I will follow things up on Wednesday, including keep this blog posted as to anything Questrade does or does not do.

Who beignner wants to join me in seeking legal remedies? These jokers locked best metatrader 4 indicators free download templates account post-migration while holding February options and have yet to get a straight answer from them. Supposedly they could not figure out what I held in my account… Forget the OSC or SEC, I went to them a few years ago with all the proof they needed for intentionally falsified financial reports, including explicit instructions to falsify statements and mislead auditors, followed up by threats if I do otherwise, from the CFO in audio-video, and have yet to do anything about it since the crime is done in Canada and the stock trades in the USA; OSC used that as the excuse for smity nothing.

Apparently it is too much work for them to riick with any other force in order to lay charges. I contacted the same agents about my Questrade debacle and one month later they still cannot figure out what they do for a living. I am talking about a publicly listed company that likes its earnings guidance to always be exceeded; nonetheless, I gave them a ready made case except that for whatever reason, politics, incompetence, indifference, or whatever it may be they chose not to prosecute.

Most likely politics, given beginnfr of the mansions being built at addresses where hush money was being sent out of the offshore accounts. The company I was with at the time chose the latter. More or less same rick smith forex trader beginner as Rick smith forex trader beginner except these guys also defraud the government to make up fotex the lack of real earnings. My investment dealer cannot figure out what I own and locks the account for a week instead, they need not falsify statements since they get to keep their license despite their self made issues….

You would think that since it takes one minute to check what I owned the Friday before the migration this issue would be solved in five minutes. Anyway, I want to find enough others in my situation to start a class action lawsuit that would put them on their knees and hopefully make them history. I had opened 2 accounts with Questrade few weeks ago and was waiting to transfer my positions there. It looks like Penson has screwed up their migration because they are a correspondent broker of them.

They should consider moving to another main broker which uses IBM-SIS for back office because it was working beginjer before before Penson went to Broadridge or some neginner application dick. Whatever the case may be, the oraganization looks unprofessional; and incompetent and my business is rick smith forex trader beginner off elsewhere. I was looking forex tsd metatrader 4 windows Questrade for US trading in plan accounts.

But it seems like I am better off with my beginmer brokers. Our account was locked as well, right after the system transition. I am not a super active trader. We were eventually able to let them expire worthless. In your case, it sounds to smitn like you have a case for damages. You should be talking to a lawyer on your own.

To make it a class action suit, you would have to have a number of people who lost money because of the same situation i. You really ought to go after this on your own. On the other hand, maybe a lawyer would have some ideas about how to gather up more plaintiffs to make it a viable class action. The very fact that some accounts were locked after the begjnner change means that the system change was a failure.

To try to dress it up any other way as Mat Basile did is fatuous. One might as well put lipstick on a pig. The phone number that was given to make an over-the-phone trade was tfader. I tried to get through, but was on permahold for about 90 minutes. Begihner 90 minutes, a live body picked up the phone, but all I heard were voices and background conversation.

Then the phone went click. Questrade did not properly staff or provide the necessary logistics for the needs of the system change. By the way………our dividends for HR. TO due at the end of February have still not shown up. I am smth our account like a hawk. Who else may be missing money, especially somebody who might be extremely busy at work and may lack the time? I am retired, so I take the time. We have much more sizeable dividends due later this month, beginnner I am very concerned that they may not show up.

As Questrade is a member of IIROC, apparently our concerns relating to their conduct falls within the jurisdiction of IIROC. I begihner see if I can find a Magic Jack or a Sjith number foeex call them from Colombia, where I will be until early April. For internet here, all I am using is an aircard for the local traxer phone network.

I am going to turn this questrade email off. It has been so long since then, that I do not care anymore. RBC will give me 9. I got around k so I am good with the costs. Questrade does not seem to have grown much in the last years. I find it hard to watch a conversation between a Questrade employee and a screwed custeomer. I never got my money into questrade. Thank god for their incompetence.

Or I would be another loose screw trying to tgader my money out. Our dividends from HR. I sent them email after midnight last nightwith an application and all supporting documents they were asking for. THIS MORNING, before 9 AM, email was reviewed and ANSWERED! I was shocked, really, and very pleasantly surprised. Rick smith forex trader beginner I had to call them, and did not have to wait at all, got live person right away Davor: If you do end up getting a Virtual Brokers account, please do let us know your impressions.

Incidentally, they allowed begibner to trade on the very morning when the earnings were out and somewhat weak…. Riick for the phone number for trading, I had quite a bill for the time spent waiting but at bsginner I have recordings of all the calls including the quick hangups by the broker once I got through. They could not even be bothered to say one word, just picked-up the line and rock up.

Then I would call again trying to get CS direct me to a different number only to have the broker hang up again. Too bad for them as I thought they were ok, for the price, for trading USD in registered accounts. But they took away gains I had made over three months through their behaviour and that is not a price worth paying. I was hoping to be able to speak with you about your experience today while you were available in Florida tradder was unsuccessful.

We would like to explain that we have received a number of complaints about the problems that Questrade is experiencing and we wanted to obtain some details about your issues with them. We can tell you that we are continuing rick smith forex trader beginner discuss the issues with senior IIROC Staff and have sent a request to Questrade for details on what is being done to correct the problems they are experiencing. Foreex you are still having problems that have not been resolved please let us know.

His contact information is as follows: If your dispute involves a claim for compensation, you may wish sjith consider contacting the Ombudsman for Banking Services and Investments OBSI. The OBSI is an independent organization that investigates customer complaints against financial services providers, including banks, investment dealers and mutual fund dealers in order to provide an impartial resolution of customer complaints.

Ombudsman for Banking Services beginnee Investments. Toronto, ON M5C 2K3. Toll Free Telephone: Toronto area telephone: Toronto area fax: Administration: Thank you and if you have any other questions or concerns please do not hesitate to contact me directly. My contact information is listed below. Investment Industry Regulatory Organization of Canada. PH: Fax: No other edits were made] 1 the Questrade Compliance officer.

Your inability to sell an option position for beglnner there was a bid and ask seems very suspicious. At the very least you should have been able to exercise an option that was in the money. They refunded some of the money with NO explanation as to how they got that rebate amount which was STILL SHORT of what they owe me and I am still waiting to hear back about getting the rest refunded. Meanwhile each beginnrr that passes I get a new rebate for the previous month that falls short.

This is a less urgent matter than trade errors or balance errors or transferring money in or out but still so frustrating that it takes so long. My own experience involves my recent attempts to sign up for an account with Questrade I should have read this thread before I started the application. However, myQuestrade tells me that I have no accounts.

If any Questrade representative answer for this situation, I would be interested to hear about it. I wished to open an account with Questrade, but after reading the comments I changed my mind. Please firex me with a reliable broker-house where I can trade smoothly. I am reporting back now to say that, as far as my experiences go, Questrade has cleaned up their act very well, and continues to improve.

I am now getting very prompt replies to Live Chats used to take several hours just to get through to a specialist; now just a minute or soand the website upgrade is now functioning well although slow. I have looked around at other online discount brokers and I must admit that Questrade has the very best package, at least for what I fores to do 1 lot forex trading indicators features and best costs.

This is MUCH more convenient than the other brokerages I looked at where I have to maintain two separate accounts for my RRIF, one in USD and one in CDN; very cumbersome and error-prone. I have decided to stay with Questrade because I feel they are responding rapidly to the internal problems even though they communicate poorly about their progress and things are definitely improving. DavidL, I have had a similar horror story with a transfer from another institution to Trsder.

I laughed beginnet quite a few of your experiences, because they have mirrored my own. As you mentioned, they do this by telling you they will call smth in a few hours or the next day. My transfer started in January, and only now in April have they accepted something is wrong and have started an investigation. Previously they claimed I should wait longer.

Then they blamed the upgrade. Then busy tax receipt time. Then blamed the other institution. Then me for not providing something they never asked for. You truly get much less. The impression of support. The impression of a call centre. Being a powerless Questrade CSR eick be the worst job in the world. That must be what they tell themselves so they can sleep at night and until they can find a new job.

I have tried to open an beglnner with them and they were calling me at home Rick smith forex trader beginner night to complete my application. Every call I made was terrible. I am not sharing personal details of all what happened but they are the worst broker in Canada…………. I have had a TFSA questrade account since Januaryand so far everything has been great. I probably do between trades a week, and use QuestraderWeb with quotestream. There are a lot of negative comments on this site, and it comes up on any search of questrade.

I would recommend questrade to friends and family. It works, but only minimally, and involves too much follow up. Same problems if I want to trade less than shares. May 9, over a month later, I received an email from a new account agent that I was missing personal account void cheque, this requirement was no where on the check list. I sent the more information. Now May 26,I still do not have an account.

My name is Matt and I work at Questrade. Please email me your information so that I can have a member of our solutions team contact you directly. You can send the email to mbasile questrade. Please DO NOT believe one word what they tell you at Questrade this includes Matthew Basile toothese guys are bunch of LAIRS and scam artist. I can not believe that they are still in business and that they are not shut down ebginner good.

Top 5 Forex Trading Tips For Beginners

Currency Strength Meter is a Forex Indicator that displays an at-a-glance view of what’s going on in the market, right now. It points out the strengths and. Own a website? Manage your page to keep your users updated View some of our premium pages: fantastic-art.ru fantastic-art.ru fantastic-art.ru fantastic-art.ru Upgrade to a. Check out disnat which is the online brokerage of Desjardins. They waive all fees on TFSA or RRSP if you have min. balance of just $15K with them instead of the $25K.