![]() ![]() Questrade has been around in the Canadian market for over 20 years.ĭuring this time, the company has consistently been rated amongst the top investing platforms in the country by offering low-fee trading and a variety of services that cater to both amateur and experienced traders. However, once users get a grasp of the interface, there are a variety of useful features that can be used to conduct research to make better financial decisions. The investment platform offers both a mobile application and a desktop application, both of which have an initial learning curve to them. ![]() This feature has been highly requested, as it allows for traders operating with small sums of money in their accounts to buy stock in companies with high individual share prices such as Amazon. Interactive Brokers also offers the ability to trade fractional shares, except in RRSP and TFSA accounts. TFSA, RRSP, Spousal RRSP, margin, and various trust accounts are all available through the trading platform. Interactive Brokers offers their Canadian clients a variety of account options.īoth registered and non-registered accounts can be created in just a few simple clicks. The fixed pricing structure offers trading for as low as $0.005 per share of US equities, with a minimum of $1 and a maximum of 1% of the trade value.įor the tiered structure, pricing starts at $0.0035 for the first 300,000 shares and drops to $0.0005.Īs you can see, high-frequency traders are likely to benefit the most from the Interactive Brokers pricing structure.Īside from stocks, investors also have access to a wide range of other assets, including ETFs, options, futures, FOPs, warrants, structured products, SSFs, currencies, commodities, indices, fixed income, and mutual funds. The costs of trading are extremely low, and there are several different pricing structures to choose from depending on the type of trader you are. Interactive Brokers is a great alternative for Canadians. There is also a lack of learning materials for new investors.Even though Lightspeed Trading isn’t available in Canada, several online brokers offer the same or similar services.īelow are short descriptions of three platforms that are on par with Lightspeed Trading and are available to Canadian investors. All of these factors aren’t going to help an individual learn how to trade effectively as they might focus more on learning the program than learning to trade. There have been numerous customers that have complained about their customer service, the complicated interface, and the trader oriented pricing scheme. If you’re looking for a trading platform that is going to accommodate beginner traders, Lightspeed isn’t the platform to consider (you may like TD Ameritrade’s free ThinkorSwim). There are also a variety of fees pertaining to IRA accounts, which isn’t beneficial for retirement investors. If your account has less than $15,000 in it every month, you will be charged an additional $25/month. Unfortunately over time, the fee can make it far too expensive for small investors to even consider using the program. One of the most common fees that you might experience if you are a small balance trader is an additional Minimum Commission Fee. The main thing to consider is that to have access to the Lightspeed Trader platform, you will need at least $25,000 in your account on a monthly basis, making it un-affordable for some groups of traders. For example, the Lightspeed Trader platform is the most popular and offers customizable software, high performance, and more. Every year they are adding more platforms to enhance the convenience of their users. The most noteworthy benefit of Lightspeed is the fact that it offers a substantial amount of trading platforms, far more than any other company in the industry to date. ![]() There is room for improvement in this regard, as all applications should be able to be done online. You will then be approved to use the program whenever you desire. PDF form, fill it out with basic information, and mail it into the company’s headquarters. The Application Processīefore you can be approved to use the Lightspeed trading system, you will have to send in an application. Although their application process may be slightly outdated, it’s worth going through if Lightspeed fits your needs. They have a unique software program that is highly customizable, and offer customers a wide variety of options that they can choose from. Traders that are interested in having access to the highest number of trading platforms in the industry should consider Lightspeed. Find the latest Lightspeed Trading promotions and offers here from one of the best brokers for frequent traders. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |