Press & Media

November 6, 2017

Questrade cited as Canada's most popular online brokerage for DIY investors by MoneySense

Toronto, Nov. 7, 2017 (GLOBE NEWSWIRE) -- Questrade -- Canada's leading non-bank and fastest-growing online brokerage -- is pleased to announce it has been cited as Canada's most popular online brokerage for do-it-yourself investors by MoneySense, in the recent review of J.D. Power's 2017 Canadian Self-Directed Investor Satisfaction Study. The study found 88 per cent of Questrade's customers use the company's online brokerage platform for self-directed investing, dramatically higher than the industry average of 67 per cent for all other online brokerages.

Editors at MoneySense commented, "There is a big difference in how investors use each platform. For instance, Questrade is the most popular online brokerage for do-it-yourself investors. Almost 90 per cent of Questrade users are self-directed, DIY investors."

"Questrade gives investors the confidence to invest on their own, so while we are honoured by this news, it doesn't come as a surprise," stated Edward Kholodenko, president and CEO, Questrade. "We open our doors to all levels of investors. Whether one has never placed a trade before or is an experienced active trader, we focus on developing tools and resources anyone can use."

Questrade also recently updated their mobile app improving the experience of trading on the go. J.D. Power's report suggests mobile trading is becoming a more important area for investors, with 63 per cent of respondents saying they now favour mobile trading platforms. Questrade plans to introduce even more robust trading features into the mobile app in the near future.

"Questrade exists to eliminate the barriers to investing", continued Mr. Kholodenko. "We pride ourselves on having not only the lowest cost for investing but constantly innovating and providing solutions to investors so they can be much more financially successful and secure. That's what we work towards every day."

Most popular for a reason
The recognition by MoneySense extends an impressive streak of industry accolades for Questrade including:

  • Questrade's recent naming for top pick in four Best of categories in the 2017 MoneySense Best Online Brokerage Review:
    • Top pick: Getting Started
    • Top pick: User Experience
    • Top pick: Fees & Commissions
    • Top pick: Best for ETFs
  • A recent report in Investor Economics reports that Questrade has continued its streak as Canada's fastest growing online brokerage
  • Questrade was also named for the sixth year as one of "Canada's Best Managed Companies" with Gold Winner distinction, honouring Canadian companies that have implemented world-class business practices and created value in innovative ways.

 

About Questrade
Questrade (www.questrade.com) is Canada's fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees, and providing a viable alternative to traditional financial investment options, thereby allowing Canadians to "Keep More of their Money." As a leader and innovator in financial services, Questrade is a trusted ally that advocates for consumers, focused on improving value. With 17 years of challenging the status quo as Canada's leading, non-bank online brokerage, over $5 billion in assets and more than 30,000 accounts opened every year, Questrade and its companies provide financial products and services: securities, foreign currency investment, and online wealth management. Questrade has recently been named one of Canada's Best Managed Companies for the sixth year in a row. For more information visit www.questrade.com, or follow on Facebook and Twitter @Questrade.