Questrade Review: Analysis of Canada’s Recognized Trading Platform

Trade Team Manitoba is made up of seven dedicated core alliances working together toward a mutual goal: The delivery of premiere international business activities and services to support Manitoba and Canadian businesses. The premise is based on the Canadian Stock Market with the review of the premier trading platform, Questrade.

Commissions and Fees

Questrade has two pricing plans for trading stocks, options and ETFS. The pricing structure for Questrade is unique of its kind. The stock trading price commission structure is based on how many shares you buy of each individual stock.

Shares Commission
495 or less $4.95
750 $7.50
995 or greater $9.95

 

Therefore, if you are aiming to trade a stock and then sell it, it will cost approximately $10 in commission fees.

ETFs are free to buy but cost 1 cent per share to sell to a maximum of $9.95 same as displayed in the table above.

Options trade for $9.95 +$1 per contract.

Mutual funds trade for $9.95/online. A deferred sales charge may apply if withdrawn early.

Canadian IPOS: Free to buy with a minimum order quantity of $5,000 CAD

Precious metals trade at a commission price of $19.95 per trade. The trading for gold and silver stored at the Royal Canadian Mint may have an additional charge because those orders are handled through the trade desk.

Forex trading is based on the pip spread at around 1.0 – 1.7 pips

Debenture trading is $30 per trade.

Bonds, CNSX, GICS, are completely free and carry a minimum order value of $5,000.

International stocks trade at 1% of the value with a minimum of $195.00 + exchange and stamp fees. International trades are handled through the trade desk.

Business Cycles in the Transportation Industry

One of the basic principles of fundamental analysis is to assess the current stage of the business cycle. To provide a general overview of the business cycle for some of our novice readers, essentially there are 4 stages.

4 Stages of the Transportation Economic Business Cycle

  1. Peak – During peak, the transport economy is humming along at full speed. The percentage of the national gross domestic product in which the transportation sector is a contributing factor is near its historical maximum output. Employment in the industry is abundantly available.
  2. Recession – What accelerates, eventually must come to a halt. As the amount of freight declines, it is an indication of a recession period, but freight rates don’t fall unless the recession is a prolonged one. Essentially recession is the fall until it reaches a trough point.
  3. Trough – When a recession reaches its bottom-most point, the economy sits at a standstill. A prolonged recession is when the economy floats along the trough point for quite some time and it may even result in a depression.
  4. Expansion/recovery – This is the period in the cycle which is contributed to the recovery of the economy, post-recession. It will continue to recover and expand until it reaches the peak point and the cycle restarts.