Registration
Questrade Inc. is registered as an investment dealer with the
Investment Industry Regulatory Organization of Canada (IIROC), formerly Investment Dealers Association of Canada (IDA).
Protection
Questrade Inc. is a member of the
Canadian
Investor Protection Fund (CIPF). In the event
of an insolvency of a Member, CIPF provides coverage for your
general accounts equal to $1 million Cdn for losses related
to securities and cash balances. Your separate accounts are
each entitled to the maximum coverage of $1 million Cdn unless
they are combined with other separate accounts. Click
here
for an explanatory brochure.
Additional Insurance
Additional insurance coverage is available through our carrying broker, Penson Financial Services. The additional securities insurance policy from the Lloyd's of London may protect clients from net equity losses in excess of the CIPF limits, up to a maximum of $9 million CDN per client, per separate account, as determined by the CIPF, and is subject to certain maximum aggregate insurance coverage limits applicable to Penson.
NOTE: The above information replaces any prior disclosure that may have been previously provided or made available to you with respect to insurance coverage available in excess of CIPF limits and is subject to change at any time without notice.
About Penson
Penson Financial Services Canada Inc. provides clearing and settlement services to Questrade for stock and options accounts. To learn more about Penson Financial Services Canada Inc. visit
www.penson.ca.
