Questrade announces Advantage Program with $4.95 flat stock trades

TORONTO, July 18, 2012 /CNW/ - The Questrade Advantage is now available to all clients who are trading on the brokerage firm's new IQ Web and IQ Edge web and desktop trading software. This new program will appeal to active traders with more data requirements, and features $4.95 flat stock trades, Intraday Trader (a technical analysis tool), and market data rebates.

Unlike other active trader programs in Canada, the Questrade Advantage is open to everyone. There are no minimum balances to maintain and no trading activity threshold. The sole qualification is subscription to the advanced Canadian or advanced U.S. market data packages. A video on the advanced data packages is available on YouTube and in the Exchange, Questrade's online trading community.

Jeff Beck, Chief Marketing Officer of Questrade says: "We wanted to make $4.95 flat stock trades available to all our clients. The Advantage had to be a program anyone could join. So we eliminated the idea of making trading activity or asset level a condition of joining. Instead, we added it as a benefit to our advanced market data packages. Then to sweeten the deal, and to reward our clients who trade a lot, we offer a way for clients to get their entire data subscription rebated."

With the Advantage, all stock trades are $4.95. Intraday Trader, the technical analysis tool, is activated in the research tools area of the IQ platforms, which includes other tools such as Bull's Eye and Market Intelligence. Intraday Trader is offered exclusively in Canada through the IQ platforms. The advanced Canadian or advanced U.S. data packages are $89.95 per month, and clients are eligible for data fee rebates based on trading activity.

Until August 31^st, 2012, and to celebrate the launch of the IQ suite of platforms, new and existing clients who open an account with a minimum of $10,000 will get 100 free trades. New and existing clients who open an account with a minimum of $1,000 will get 10 free trades. The offer is available until August 31st, 2012.

Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund.

About Questrade:

Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms, as well as forex trading. Since 1999, the company has led the industry in delivering outstanding service, exclusive products and services, and competitive pricing. This commitment to innovation has appealed to independent investors, and for the past two years, the company has ranked as Canada's fastest growing online brokerage. In February, 2012, Questrade also earned the designation as one of Canada's 50 Best Managed Companies.
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Lynn Suderman
Director, Communications
[email protected]
Tel: [phone]
1.888.783.7866 x371