Voted Canada’s best managed company in 2012, Questrade has firmly established itself as one of the leading online Forex brokers in North America over the last few years. Founded in 1999 and driven by the mantra: “Help Canadians achieve financial independence”, Questrade has achieved a number of firsts in the FX market, most notably being the first broker to offer 95 cent stock trades.
Questrade.com’s Special FX:
The quest for FX riches can be a tough one if you’re without some of tools made available by the online world. For Questrade customers the ability to perform advanced charting exercise through eSignal’s software makes it much easier to track fluctuations and trends in the currency market.
By making a deposit of at least $1,000 you can obtain free access to eSignal’s ForexCharts and utilise a number of analytical features, including: accumulation and distribution, average true ranges, choppiness, moving average and stochastics.
To help make the most of the tools on offer at Questrade a dedicated social media section of the site known as The Exchange is open to all customers. Featuring blogs from professional traders as well as a forum where regular investors discuss the market and successful strategies. On top of this a series of educational articles and videos are on offer for those who are looking to improve their overall skill set.
Questrade has taken the FX industry’s leading online platform, MetaTrader 4, and tailored it to its on specifications. Finely tuned to offer a powerful Forex platform capable of delivering Questrade’s goal of helping individuals achieve financial independence, traders can benefit from a number of useful features, including:
One-click dealing thanks to in-chart monitoring and trading.
Hedging capabilities that allow the user to hold both short and long positions on the same currency pair.
Micro lot trading which is especially useful for novice trades with limited funds.
Smart trading with advanced risk management tools and EA-optimised conditions that allow various automated strategies to be applied.
Full mobile trading to ensure access 24 hours a day.
In addition to Questrade MT4, users can opt to use QuestradeFX and QuestradeFX Pro. Each platform provides all the features of MT4 as well as advanced market data and analysis features.
When opening a Questrade FX account you’ll be able to take advantage of 40 currency pairs with no commission charges on your trades. Typical spreads range from 1.7 pips under normal market conditions on majors such as EUR/USD and 2.2 on EUR/JPY.