Questrade

Questrade is another leading brokerage firm in forex market. This broker is based in Canada and it pretense to be the quickest growing broker in the world of forex. They have been forex trading since 2004. Questrade is a member of the Investment Dealers Association of Canada, the Canadian Investor Protection Fund, is also a part of the Toronto Stock Exchange and The Montreal Exchange Inc. Apart from providing the facility of trading forex this brokerage firm offers the ability to trade stocks, options, gold, mutual funds, fixed income product and more. The following article features some important benefits of trading with this broker. So, read on to know about Questrade forex broker.

You can open an account in Questrade broker with the minimum deposit of $250 and can start trading in the forex market. The paying options of this brokerage firm include wire transfer and checks. However, the reviews of Questrade broker reveal that this broker provides RRSP and TFSA accounts for Canadian clients. Even their clients have access to a range of products and services so they can choose how to invest or trade. However, transferring securities and cash in kind is done very smoothly. This online broker provides trading platform-Questrade FX trading platform where you can execute trade very easily in the forex market. With Questrade forex broker you can get leverage up to 200:1. A free demo account is also offered where you can test your trading skills and all the trading systems.

Questrade reviews shows that it offers low commission as compared to other brokerage firms. Only 1% fee is charged on foreign exchange transactions and is comparable to other major competitors. Questrade forex broker offers stop order, limit order and trailing stop order. They also support world languages like English and Chinese. The lowest spread in this brokerage firm is 3 pips and the minimum lot size is 10,000. You have the option to choose from the 28 currency pairs provided by this broker for trading in the currency market. Even their support is excellent. Questrade offers live help via chat which is very useful. You can get your queries answered while working instead of waiting on the phone for a customer reply. Overall, this forex broker is very reliable for trading in the forex market.