QTrade financial group

Qtrade Financial Group is an online brokerage company based out of Vancouver, Canada. It provides investing services to clients of credit unions and banks across Canada.[1] It claims to have $11.5 billion in assets and partnerships with over 150 Canadian credit unions [2] as well as insurance companies including Sun Life and Great West Life.[3] Like all brokerages and investment dealers, they are members of Investment Industry Regulatory Organization of Canada (IIROC) and as such, the Canadian Investor Protection Fund (CIPF) protects investors should the brokerage become insolvent.[4] Like most brokerages, it also has a collection of commission-free exchange traded funds.[5] as well as offering GIC's [6] and TFSA accounts.[7]

The Globe and Mail ranked it second (out of 11 Canadian online brokerages) for user experience, however it tied for last place in terms of fees through their bid–ask spread.[8][9] Moneysense magazine ranked Qtrade highly in providing market intelligence category, but ranked other brokerages as superior for ease of use, record keeping, and banking integration.[10][11] Qtrade has been considered a minimal advertiser and quick to innovator, being quick to copy best practices of larger institutions.[12]

Qtrade Financial Group is a member of Desjardins Group, and Qtrade fully owns OceanRock Investments Inc.[13] It has been in operation since 2001 [14] and as of May, 2016 William Packham became the current CEO of the company.[15]

References

  1. ↑ "Qtrade Financial Group - Company Overview". Https:. Retrieved November 12, 2016.
  2. ↑ "Integris forms wealth management partnership with Qtrade Financial Group - Yahoo Finance Canada". Https:. Retrieved November 14, 2016.
  3. ↑ "Sun Life, Qtrade strike partnership deal - The Globe and Mail". Theglobeandmail.com. Retrieved November 14, 2016.
  4. ↑ "What if my broker goes bust? … and other reader questions - The Globe and Mail". Theglobeandmail.com. Retrieved November 14, 2016.
  5. ↑ Borzykowski, Russell Wild, Bryan (2013). Exchange-traded funds for Canadians for dummies. ISBN 1118524578.
  6. ↑ Tyson, Eric; Martin, Tony (2000). Investing for Canadians for dummies. Toronto: CDG Books Canada. ISBN 1894413008. Retrieved 14 November 2016.
  7. ↑ Pape, Gordon (2010). The ultimate TFSA guide : strategies for building a tax-free fortune (Pb. ed.). Toronto: Penguin Canada. ISBN 0143173618. Retrieved 14 November 2016.
  8. ↑ "The Globe and Mail's 17th annual online broker ranking - The Globe and Mail". Theglobeandmail.com. Retrieved November 12, 2016.
  9. ↑ "Qtrade Investor tops major banks again in annual ranking of online brokerages". Newswire.ca. Retrieved November 14, 2016.
  10. ↑ "Canada's best discount brokerages". Moneysense.ca. Retrieved November 14, 2016.
  11. ↑ tradex.ca/en/files/2013/08/2016-MoneySense-Best-Online-Brokerage-Review.pdf
  12. ↑ Rob Carrick's guide to what's good, bad and downright awful in Canadian investments today. Toronto: Doubleday Canada. 2010. p. 150. ISBN 9780385667456. Retrieved 14 November 2016.
  13. ↑ "Shareholder pushes for gender diversity at Tim Hortons parent company - Business - CBC News". Cbc.ca. Retrieved November 14, 2016.
  14. ↑ "Qtrade new on-line kid on the block - The Globe and Mail". Theglobeandmail.com. Retrieved November 18, 2016.
  15. ↑ "Bill Packham appointed CEO of Qtrade Financial Group". Newswire.ca. Retrieved November 12, 2016.

External links

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