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Discover the Top Reasons to Invest with Qtrade Direct Investing

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The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.

It should be easy to find the right tools and useful information when you want to invest your money, but in reality, it isn’t. Many investors struggle with navigating complex financial landscapes and making informed decisions — that’s where Qtrade comes in. To make this all easier for you, they have improved their mobile app, we will get into this later.

Everything You Need to Know About Qtrade and How It Work

Qtrade is an investment platform that requires you to add funds after creating an account, in order to buy and sell various investment vehicles such as stocks, bonds, and mutual funds. Qtrade is owned by Aviso, one of Canada’s largest independent wealth management firms, which is entrusted with over $110 billion of investment assets on behalf of 500,000 clients across the country.

Currently, there is no minimum deposit to begin trading with a Qtrade account. All of Qtrade’s accounts can be used with US or Canadian dollars as well.

So what sets Qtrade apart from the rest?

They have a variety of tools and accounts for customers of every investment level. This allows both new and experienced investors to have a great experience when using Qtrade’s platform, through the web platform or their mobile app.

Since the company was founded back in 2001, Qtrade has stood out from its competitors with its elite, award-winning customer service. As an online stock brokerage that’s been in operation for over 20 years, Qtrade offers a comprehensible product at a fair price. Their product offering includes stocks, bonds, ETFs, mutual funds, GICs, and so much more. They also offer a Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) options, along with robust research tools for their clients.

Just when you thought it couldn’t get any better — Qtrade has combined their top-notch service industry-leading tools in their improved app. With the Qtrade Direct Investing® mobile app, you can invest with confidence, at your convenience.

What Are the Best Features of the Qtrade Mobile App?

The new and improved Qtrade Direct Investing app is available for both Android and iOS, with a refreshed interface and improved user experience.

The app allows you to take advantage of investment opportunities, stay clued-up on the markets, and manage your portfolio effortlessly, all on your device.

Qtrade Mobile App

Our top 12 favorite features: Get the most out of the new Qtrade app

  • Seamlessly log into your Qtrade account using your mobile biometrics.

  • Rewarding client incentives like up to $150 cashback.

  • An intuitive dashboard with a snapshot of your account and performance.

  • Real-time quotes and market data to help you make informed investment decisions.

  • A watchlist tailored to your preferred stocks and moving markets.

  • Seamless trading and order entry for stocks, ETFs, and other securities.

  • A comprehensive overview of your recent trades and orders.

  • Monitor accounts and holdings, and track your progress towards financial freedom.

  • Company profiles, options trading, and portfolio allocation

  • Push notifications (for partially filled and filled orders)

  • Advanced charts and Analyst ratings

  • Solid account protection with multi-factor authentication

Start Your Qtrade Journey Today: Use Our Helpful Checklist

If you’re thinking about creating an account with Qtrade, you need to make sure you’re eligible first. Here’s a quick rundown of what’s required:

  1. Be the age of majority in the province where you live
  2. Be a permanent resident of Canada
  3. Provide a government-issued ID
  4. Provide your social insurance number
  5. Provide investment e-statements
  6. Provide details about your income, assets, and net worth
  7. You may need a bank account at another financial institution
  8. Have the ability to e-sign an application

Unpacking the Diverse Range of Qtrade's Exclusive Products

Qtrade offers multiple products on both their online trading platform and mobile app. This includes portfolio analytics, investment choices, trading and registered accounts, and educational articles. We’ll break them down below:

Qtrade investment choices

Qtrade offers a wide range of investment options to cater to diverse financial goals and strategies. Whether you’re looking to invest in local Canadian markets or explore international opportunities, they provide access to a comprehensive selection of stocks and securities.

Qtrade lets you invest in:

Stocks

  • Canadian stocks listed on the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Canadian Securities Exchange (CSE), and the Aequitas NEO Exchange
  • U.S. and foreign stocks that trade on the New York Stock Exchange (NYSE) and Nasdaq
  • Over-the-counter (OTC) stocks
  • Rights and warrants

ETFs

  • 100 commission-free ETFs
  • All ETFs on Canadian and U.S. exchanges

Mutual funds

  • Thousands of funds to choose from
  • Low MER ‘Series D’ funds available

Bonds

  • Canadian and U.S. government, and corporate bonds
  • Related products such as commercial paper, strip coupons and treasury bills

New issues

  • IPOs (initial public offerings)
  • Secondary or treasury offerings

GICs

  • Flexible options with rates and maturities to suit your needs

Options

  • Long calls and puts
  • Spreads
  • Covered writing
  • Uncovered writing

Boost Your Finances with Trading and Registered Accounts

Qtrade offers trading (non-registered) and registered accounts to its customers. For trading accounts, customers have the option between a cash account or a margin account. There are also many registered account options.

For cash accounts, customers can choose from:

  • Individual
  • Society
  • Joint
  • Religious organization
  • Trust
  • Investment club
  • Estates
  • Company

The options for registered accounts include:

  • First Home Savings Account (FHSA)
  • TFSA
  • RRSP
  • Locked-In Retirement Account (LIRA)
  • RESP
  • Retirement Income Fund (RIF)
  • Life Income Fund (LIF)

Master Your Finances with Qtrade's Helpful Educational Articles

Qtrade provides a variety of articles about various topics, with articles also being geared toward new or experienced investors. These articles are separated into two sections so that you can either learn the lingo and basics or add to your current knowledge base.

For example, you can read articles about investing with an RRSP over a TFSA, or simple principles for tax planning.

The Qtrade Difference: Why It's Your Best Choice

Choosing the right investment platform is crucial for achieving your financial goals. With Qtrade’s comprehensive tools, user-friendly platform, and extensive investment options, you can confidently navigate the world of investing and make informed decisions.

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