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It's true that we have licensed the CyberTrader software platform for Canada, but as far as software support goes it comes directly from CyberTrader US. We offer the same commission rate as in the US and we try to keep the client experience as close to the one he/she would receive dealing...

django, This thread is obviously very old. The last post before yours goes back to Mar. 2001. Many things have changed since then. Questrade now has an online division that features software powered by CyberTrader. There is no longer a requirement to take the software course or the $25,000...

I again confirm that ECN fees are not marked up for the prop offer. The only ECN rates listed on the site are those for trading retail on the CyberTrader platform, for prop it says to ask for a schedule. Professional margin...as mentioned before if there is a business case for extending...

Not quite. If the tader made $1000 profit and requested a cheque, the trader would invoice Questrade $934.58 + 7% GST = $1000. The trader would be responsible for the GST but again a portion of it will be deductible, the effective rate is less than 7%. There are also other benefits to working...

GST becomes an issue when you want to take trading profits out of the account. Once a payment is made to the trader, the trader is responsible for GST only on that amount not on any other balance built up in the trading account.

GST is added to when the trader wants to take out some of the trading profits accumulated in the trading account. Say there were profits of $10,000 accumulated. You would submit an invoice to Questrade and include the 7% GST in the $10,000. When tax time rolled around you could claim the GST...

sorry MACD_addy

Questrade has been a member of the IDA since April 2001. A variation of this deal has been offered on a limited basis to a handful of traders for about three months up until now. There have been a few traders that have been successful at it for a short period. This is the first time we are...

esc_trader did a good job of explaining our position. Just a few items need clarification. Once again I have no idea who esc_trader is and I just want to make it clear that esc_trader is not an employee and has no financial interest in Questrade. 1. The $25/stock/side/day fee. The offer...

axis We don't open client accounts for Americans.

bigscalper I don't deny that there are many traders making good profits even in this environment, but the vast majority as we all know are not profitable, a small minority is breaking even or making a small profit and very few are making the big money. The answer to your other question is...

The site says that this is a sample offer meaning that if someone wanted to do rebate trading this is the best deal we can offer. Our commisions don't get any lower. However if you wanted to jump around from stock to stock we could raise the per share and lower the per stock/side/day fee. If...

As for not making good money at Questrade, all I can say is that we are relatively new on the scene and that this deal has just been introduced. Most traders are struggling just as they are at every other firm. If a trader is making money on a consistent basis elsewhere they are giving the...

Some responses to fair criticism. Believe me no one is going to buy a house in the Hamptons any time soon with rates as low as $0.70 per thousand shares. Just what do you think it costs to clear and execute a trade as well as maintain a trading floor? As for B/S fees they may seem petty...