Questrade

“Questrade, Inc. is registered as a dealer in the category of investment dealer in each of the provinces and territories of Canada, and is a member of the Canadian Investment Regulatory Organization (CIRO).”

“Questrade, Inc. appears on the CIRO Dealers We Regulate register as an active investment dealer with no conditions.”

“Questrade, Inc. is a member of the Canadian Investment Regulatory Organization (CIRO). CIRO supervises all investment dealers and marketplace trading on Canadian debt and equity venues.”

“Questrade, Inc. listed in the CIPF Current CIPF Members directory. CIPF provides protection up to $1 million per Customer for losses of property held by a Member Firm.”

“CIPF provides coverage of up to $1 million per account category for any combination of cash and securities.”

“Questrade has purchased additional coverage from a syndicate of Lloyd's of London underwriters that provides up to a further $10 million CDN of protection per client for losses of property held by Questrade.”

“CIRO Investment Dealer Rules (Rule 4300+) require fully-paid and excess-margin client securities to be held segregated and identified as held in trust for clients, with daily reconciliation.”

“Questrade's margin agreement reserves the right to lend client margin securities under disclosed margin-loan terms and CIRO Rule 4300 fully-paid-security protection.”

“CDS is the Canadian national central securities depository, safekeeping more than $5 trillion in securities. Questrade routes Canadian-listed to CDS, US-listed to DTCC.”

“CIRO maintains the Form 1 Monthly Financial Report regime; Questrade has had no capital-related sanctions since the 2008 $30K matter (>16 years clean).”

“Questrade was founded in 1999 by Edward Kholodenko. Continuous operation under same name and ownership for 26 years.”

“Questrade, Inc. is a wholly owned subsidiary of Questrade Financial Group Inc. (private holding company; founder Edward Kholodenko controlling shareholder).”

“Questrade Financial Group, Canada's largest independent online brokerage, with over $65 billion in assets under administration.”

“EFT withdrawals to your bank account in Canadian or US dollars typically take 1 to 2 business days to process.”

“There is a $50,000 daily withdrawal limit on EFT withdrawals; no fees for EFT; standard-KYC verification only.”

“EFT withdrawal — Free. Wire transfer (CAD) — $20. Wire transfer (USD/foreign) — $40. No percentage-based exit fee.”

“As of October 1, 2020, Questrade no longer charges an inactivity fee on accounts. No account closure fee.”

“Edward Kholodenko is the founder, President and CEO of Questrade Financial Group Inc.”

“CIRO/IIROC actions: 2002 $20K; 2008 $30K (capital deficiency); 2010 $150K (FX margin advertising); 2013 Re Questrade & Eydelman. Most recent 2013; none in trailing 60mo.”

“Canadian orders go to a smart order router across CIRO-regulated marketplaces (TSX, TSXV, Alpha, CSE, NEO) per best-execution. Direct-routed orders available for US equities.”