Wealthsimple Trade Or Questrade: Which One Is The Best According To Reddit

r/eggguy hates both:

“I don't see how there is even a comparison. I signed up to both recently, and frankly have been disappointed by both, but WS is simply hopeless for all but the most rookie investor who maybe wants to do one trade per month and is OK waiting days/weeks for funds to clear, using an app designed for 10 year olds and a web interface that is glitchy and generally totally useless. I mean, it's truly awful.

Questrade is 1,000 times better, though the fact they don't offer real time streaming for free completely blows my mind. I mean, I can get it for free on Yahoo, but Questrade wants $20/month or whatever it is, it's absurd. I signed up with a promo to get a free month of trading and free level 2 quotes, but it wasn't working. So, called them, on hold for nearly 2 hours, then it turns out they only activate the free level 2 quotes on the first of the month... Why? Good question, the answer I got was "that's how it works". I complained, they couldn't do anything to fix it, so if I wanted actual data to trade with I had to wait 2 weeks for the promo to kick in.”

Reddit user r/LeftyG23 has split his family’s investments. He posted:

“I have all my investments in WS Trade. I have all of my wife's in at Questrade. I don't buy, or ever plan on buying with $USD so that doesn't matter to me. Here are my two big takeaways, albeit minor.

I dislike how long it takes to get money into my WS Trade account. Yes, I'm only buying VEQT but when it takes 3-5 days, it is a nuisance. I'm not a market timer, but I get frustrated if the price has gone up over those days. Will this matter in 20-30 years? No. But I like to scratch the itch. In 25 years when I start selling I'll like that it's free.

Questrade is done from the computer and has more friction to opening your account. Buying is easy but if you're looking for simplicity, the interface of WS Trade is easier. Yes, Questrade is easy, but for most people WS Trade would be easier.”

View single page >> |

Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.