Did I miss anything? Be sure to leave a comment down below to help the others out - Thanks for watching! :D (DON'T FORGET TO GIVE THIS VID A THUMBS UP!) Sign up and receive bonuses using these links: Questrade (Get $50 in commission-free trades) - www.questrade.com/campaigns/qbaffl50t102?refid=ayiice9l Wealthsimple Trade ($25 cash bonus when you deposit $100 or more) - wealthsimple.sjv.io/zQ1d6 📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Wealthsimple Trade is now offering a TFSA Account option, would you now recommend it over Questrade for a rookie well researched investor? Also, with US Stocks there is a $0.01975 spread(both ways=$0.0395) in buying verse selling stocks, is that similar in Questrade?
@@damienboy1 Hey Damien, Yes I have opened a TFSA account with Wealthsimple trade. They sometimes have certain stocks glitch out. I was hoping to buy another 1000 shares of VZLA earlier this week when it dipped but they said that there was a corporation decision being made even though there wasn't and it was being traded on the TSX. I am disappointed because I would have gotten the shares at a discount relative to the current price. Still up 35% on that position though. Hopefully that stock comes back up again.
Just swapped to WS trading and love having no commission fees. I was with TD for 2 years and got sick of the commission fees- they defiantly add up. I am not a day trader so for me its not a problem to have a delay since I don't look at my portfolio every minute of the day.
I picked Questrade in January after watching your tutorial, thanks again, getting the Questrade account takes a little bit of time with sending your identification and bank account information but once your setup it’s easy,been doing great on their and learning so much since then, looked into the Canadian securities after your video you made , looking to do it in the fall, hope you had a great Canada day and sorry about kawhi, lol
Amazing. Yes the ID parts can always be a tad annoying but it should be smooth sailing after! That’s so awesome man keep it up.. and yes.. bummer but life will go without the klaw ✌🏻😂 cheers man
Great video Brandon! Can you please make a video regarding the best Canadian credit cards? It would be a huge help to us Canadians and I’m sure it would get a lot of views!
I use both brokers. My Wealthsimple account is doing better right now (because one of my stock picks on QS is doing poorly but not a big deal and I will fix soon). I used the referral program to save first year of fees on WS. Both are good platforms. I am using both just to learn about Robo Investing and see if they can beat my picks. And they are :)
Wealthsimple is by far the best platform to trade stocks on 0 commission on trades ....Forget about it I would never be up 24.6 % in less then 3 months if if I had to pay $10 per trade
Currently using questrade for registered accounts and ws trade for everything in excess. I will say that since ws trade is still new, there may be issues with the interface. One time, it showed by balance incorectly (less than what it should be) so that was a bit concerning. It was resolved on its own in a few hours. Might be troubling for daytrading, but if you're doing longs, not that big of a problem.
I remember them mentioning the glitches for the first little while. Yes.. very true they are probably nothing much than visual bugs so it seems like still a great choice
I'm only using Wealthsimple right now but I think I'll have both in the future. Don't want to pay the conversion fees when investing with Wealthsimple. P.S. Someone give this man water lol
Why Questrade is considered a much better platform for American ETF’s or stocks? It has a charging fees when you are selling stocks (wealthsimple doesn’t) and it also has a higher commission fees (2%) then Wealthsimple (1.5%)?
Wealth simple has a cool layout and everything but the problem is that about 50 percent of the stocks are not available , I need to buy at least half of my stocks with my bank ..... So yeah it has a good potential for sure but for now you can't make serious investment since you cant buy most stocks
@@cesarwpg867 I've been pretty happy with it. I would confidently say that I think its the best option for self-directed traders in Canada. I've contacted their customer service a few times as well at this point, I've been pretty impressed with that as well. Canadians need to look outside of the big banks more often to smaller institutions like Questrade. Canadians seem to have a paternal relationship with the big 5 institutions that is unhealthy.
James Harrott thanks a lot! I’m also with Tangerine but just by doing a little bit of research it was possible to find out that Questrade and Simplewealth are definitely better options. Thanks again for replying
The ETF purchases in Questrade are good for sure. But what about if I was to dollar cost average on stocks, I have cant really without having to pay a fee each time which really makes dollar cost averaging costly in the long run for the average investor who doesn't have allot of money.
I changed my broker from WS to Questrade simply because it has very limited features. Portfolios are pretty much fixed and not flexible. It's good if you are beginners but people who want to buy individual stocks, WS is not the right platform. For questrade you need to consider ECN fee as well. It's not significant per share but if you are buying penny stocks with large quantities that ECN fee can be very expensive...
@@begley09 I used WS trade as well but eventually moved to questrade. Inconvinient, slow, expensive currency exchange fee (Norbert's gambit impossible). I can't purchase OTC, no options possible, and etc. If the platform is good for you that's great. But it wasn't for me.
Hi Please give advice Which of the apps is better for day trading? Which app supports option or forex trading? Which app to consider while investing in US stocks keeping in mind the conversion rate? Thankyou
@@siloeneves start with Wealthsimple's Trade account. There's no fees so your cash could go a long way. $100 isn't much to be honest. You could try using TD Think or Swim platform or something else to trade for free with a dummy account so you can learn. Best of luck
hey man, big fan of your channel. I'm completely new to investing and I'm thinking im going to go the wealth simple route. My question is that once I've completed there questionnaire and they've made my portfolio. am I able to later add to that portfolio by buying other stocks? or am I stuck with what they have chosen? thanks
you can change you risk lvl any time and that would automatically change your porfolio and if you want to buy a spicific stocks you can use wealth simple trade to trade
wow I'm so glad i found this channel! my first time watching ur vid and its really informative and easy to understand. thank you for doing this! keep up the good work! :-)
Why would you compare Wealthsimples Roboadvisor with QuestTrade self-directed accounts? They aren't the same and your recommendation isn't for the brokerages, but the account types
I was reading the reviews. Guys you are concerning about the commission that the broker takes . It is nothing compared to the amount you have to pay to CRA ( 50 % of your profit ). If your net profit is $50,000 you have to pay $25000 tax !!! Unless if it is TFSA account but I don't think that you can trade option strategies with TFSA account
In Australia, we have chess sponsored broker or a custodian broker. Do you guys have something similar in Canada or is it safe to assume that all investment platforms let you purchase securities in your name?
This is pretty old now. WS has improved quite a bit, still not the best but it does have a desktop site now. I'm going hold long term on WS! To the moon!!!
Hello I was wondering if I could get some advice? I want to put 10,000 into Tesla stocks. What’s the easiest and cheapest platform to do so? I hear quest trade and wealth simple yet some people say either or both apps are not that great 🤷♂️
So the annual fee for TFSA with wealthsimple... how exactly does that work? Is the fee withdrawn from what i invested into the TFSA account or withdrawn from my earnings?
So if I open a Questrade account only to buy VEQT with my CELI, (tfsa) in french I am doing even better with the total fees ? (Better than robot advisor)
thank you so much for this great video😊 can you please do a video on the best 3 platforms for investors because i do not trade i want to buy and hold for a few years. can't imagine paying ninety dollars per month on inactive fee with quest trade even though they are ranked highly! maybe will have to go with big 5 Canadian banks? thanks so much and keep up the great work, you are an inspiration
Wait I'm very confused with whether TFSA can be used for WealthSimple Trade or not? Could you clarify more about the differences between traditional webpage and Wealthsimple Trade ?
From what I understand, Wealthsimple has two most popular sides: Investing and Trading (app-only). Investing is for long-term (passive) money growth while Trading is the active one where you buy and sell within a short period as you examine stock prices during the day. I believe his video was when Trade didn't have TFSA option
Qtrade (not the same as questrade) makes a 2 investment minimum per quarter, and if the minimum isn't met they charge a 25 dollar fee. So if questrade will cover the 100 dollars transfer fee.....hmm
most brokers questrade ect. it costs extra monthly account add ons to have realtime, the best solution is when you're ready to buy on wealthsimple go to webull which is a free realtime trading app, find the exact price then set a limit order at that price on wealthsimple. its definely not the best option if you want to day trade, but if you're just starting out you don't want to day trade, i find the best is buying a stock and either holding it for several years to collect dividends and growth, or simply buy a stock and when it hits like 10-15-30% growth sell it again as a limit order. and as someone who used questrade the 5 dollar buy and 5 dollar sells on any stock add up FAST so wealthsimple free on canadian stocks is a huge bonus in both the short term and long term savings.
@@BrandonPrive1432 awesome thanks for the advice. I am using wealthsimple trade now just small shares to get use to the whole platform etc. I downloaded vector I thought was real time as well but also a delay.a few times I sold where I thought I was good but with the delay and fast drop I lost a little. I will try what you suggested. Tyvm greatly appreciated
I see on questwealth, if I pay 8000 per year, with no initial deposit and growth portfolio for like 30 yrs then I can get max of 1M. Can this really happen? I dont have anyone to ask for their experience but what are your opinions. ?
Hi brandon, My name is omar and I came across your TH-cam channel about investing. Myself and my wife has decided we wanted to venture in trading forex. With that said I have done a bit of studying but don’t feel as comfortable to start doing my own trading. Would you be able to point me in a direction where I can chose a broker that has a minimum investment to start up and also one that I can use copy trade to conduct trade initial and learn as I go. Knowing that you are extremely busy with other issue, however I do hope you or one of your subscriber will be able to assist or point me in the right direction to allow myself and my family to begin our trading journey. Thank you in advance.
Don't do it. People only show you their profits but not losses. It'll take years before you're consistently profitable. You can make money, but you're also going to lose a lot of money. Just save. Trust me, its a much better method
Wealthsimple or Questrade are brokers... You buy company/stocks,ETF or Mutual Funds through them. They are secured/insured by CPIF. No you don't loose your money
Great video, well explained as always! What are your thoughts on QTrade Investor compared to QuestTrade? Would Qtrade Investor be more beneficial for young investors with no account minimums and no admin fees?
hm.. WS ask additional 0.5% interest. at the beginning, not much money get out of your account but later, lack of info, maybe 30years later, it will take a lot. $1m for mer% + $4000 extra get out of your account every year.
Amary Nicolau banks rip you off. Especially if you use their advisors who push their “amazing” mutual funds. Do a bit of homework and you’ll save a lot of rip off fees from banks by doing it yourself. A starting book I recommend is “Millionaire Teacher” by Andrew Hallam. Hope that helps!
Hi Brandon, thanks for making these lovely and informative videos. I wonder if you can recommend a low-cost online brokerage for expats (non-resident Canadian citizens). I would like to do my own investments thus happy to use an online brokerage, but am not keen to get caught in a weird tax situation or jeopardize my non-resident status. I know that pickings are slim but if you know of anything, or have any advise for someone in this position, I'd really appreciate it. Thanks.
I tried Wealthsimple and their platform is not user friendly and very difficult to link your certain bank accounts to. Wealthsimple trade is even more difficult to use. I had a terrible experience trying to get help with their site. There was no way to deposit any TFSA money or RRSP money. Forget it. Weathsimple is too difficult to use and their customer service is severely lacking. Last bad thing is that it takes up to 5 weeks for your money to be transferred from your bank to Wealthsimple. So if you are wanting to move cash into an investment account...you may end up buying in at the wrong time. That's brutal!!
That's just not true, I think it's the most intuitive platform out there, took me 10 mins to set up and my funds were transferred in 2 business days. Also I can switch my risk tolerance from a scale of 1 to 10 any time I want
Great. That's good you had no issues but I sure did and gave up on them and their complete lack of response to my concerns I sent through emails. Buying stocks through Questrade was much easier and I have much better support plus it costs much less in fees.
![เปิด อาณาจักร หมื่นล้าน "สาระตั้ม" l [Nickynachat]](http://i.ytimg.com/vi/3XE0nPF4YkQ/mqdefault.jpg)
Did I miss anything? Be sure to leave a comment down below to help the others out - Thanks for watching! :D (DON'T FORGET TO GIVE THIS VID A THUMBS UP!)
Sign up and receive bonuses using these links:
Questrade (Get $50 in commission-free trades) - www.questrade.com/campaigns/qbaffl50t102?refid=ayiice9l
Wealthsimple Trade ($25 cash bonus when you deposit $100 or more) - wealthsimple.sjv.io/zQ1d6
📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Can you do a video on Questrade about using options? Thanks for your content, love your videos
Wealthsimple Trade is now offering a TFSA Account option, would you now recommend it over Questrade for a rookie well researched investor? Also, with US Stocks there is a $0.01975 spread(both ways=$0.0395) in buying verse selling stocks, is that similar in Questrade?
@@chickendude4299have you opened a TFSA trading account with WS? i'im kind of in the same situation as you.
@@damienboy1 Hey Damien, Yes I have opened a TFSA account with Wealthsimple trade. They sometimes have certain stocks glitch out. I was hoping to buy another 1000 shares of VZLA earlier this week when it dipped but they said that there was a corporation decision being made even though there wasn't and it was being traded on the TSX. I am disappointed because I would have gotten the shares at a discount relative to the current price. Still up 35% on that position though. Hopefully that stock comes back up again.
Wealth simple trade offer tfsa now
Not sure when WS Trade introduced it, but they have registered TFSA accounts now.
Wealthsimple Trade does have an option to open a TFSA account now.
Does it have that now?
@@KakaOfTheRealMadrid Yes, it does.
Just swapped to WS trading and love having no commission fees. I was with TD for 2 years and got sick of the commission fees- they defiantly add up. I am not a day trader so for me its not a problem to have a delay since I don't look at my portfolio every minute of the day.
What's bugging me about WS is that I can't do any trades. They control everything and that makes me mad.
Luciano Classical Guitar you doing robo adv ?
@@siloeneves wait, we cant pick and choose stock in WS?
Hyotei you can !
I picked Questrade in January after watching your tutorial, thanks again, getting the Questrade account takes a little bit of time with sending your identification and bank account information but once your setup it’s easy,been doing great on their and learning so much since then, looked into the Canadian securities after your video you made , looking to do it in the fall, hope you had a great Canada day and sorry about kawhi, lol
Amazing. Yes the ID parts can always be a tad annoying but it should be smooth sailing after! That’s so awesome man keep it up.. and yes.. bummer but life will go without the klaw ✌🏻😂 cheers man
Great video Brandon! Can you please make a video regarding the best Canadian credit cards? It would be a huge help to us Canadians and I’m sure it would get a lot of views!
Agreed!
I love your videos! Started investing months ago with Questrade specifically because of the free ETFs option :)
WS charge conversion fee twice when you buy and sell US stock and people buy again. which means triple times.. It kills your profit ...
yup this was the one reason I didn`t choose WS
Is this for wealth simple as well or only wealth simple trade?
Does quest trade not charge it twice?
Thats why use WS trade for canadian stocks..and questrade for US stocks
Wealthsimple is covering transfer fees as well (not limited time)
You might want to link your updated video here because Wealth Simple does offer TFSA trade accounts now.
I love the layout and how easy Wealthsimple Trade is, but love the lower cost for ETFs 😓 Only if Canada had Robinhood
And M1 or webull. Even TD Ameritech . They all offer 0 commission fee, but only in US...
@@smbdcry don't get why Canada can't even have 1 like all those American ones
I use both brokers. My Wealthsimple account is doing better right now (because one of my stock picks on QS is doing poorly but not a big deal and I will fix soon). I used the referral program to save first year of fees on WS. Both are good platforms. I am using both just to learn about Robo Investing and see if they can beat my picks. And they are :)
If you had to recommend one over the other? And why ? Thx! I'm from Canada
I like the simplicity of wealth simple but I hate the delay and how they don’t have all the stocks on the platform
Stupid question - i have TFSA direct investing enabled with RBC - can i link my TFSA with WS as well or do i have to choose between RBC and WS?
Wealthsimple is by far the best platform to trade stocks on 0 commission on trades ....Forget about it
I would never be up 24.6 % in less then 3 months if if I had to pay $10 per trade
You still pay the 1.5% conversion fee twice which sucks. And the worst part is no options trading.
@@marc-andrechevalier973 WS is good for long term goals my dude, i rather have 3% cut from my profit than have to pay 10$ for every trade i make..
@@TheGladiatorsTv depends how much you are trading. That 3% could be way more than the $10
Hello there, which of these platforms would you recommend for day trading (scalping CFDs , futures, etc) ? Great video !!
I used to use qtrade but I opened questrade last week. I think questrade is better than qtrade even any others. also easy to start and use.
I’m finding WS takes so long to have funds moved from bank and then wait for them to clear about 4 business days.
Thats another downside of WS
It is a pain in the arse. I hate waiting for my money to be cleared. and at $250 limit every 3 days is annoying as hell!
Interactive brokers Canada is the best platform for Canadians hands down..... you should do a video about that
Just switched my BMO InvestorLine TFSA to Questrade and used your referral link :)
I appreciate the support my friend! :)
Currently using questrade for registered accounts and ws trade for everything in excess.
I will say that since ws trade is still new, there may be issues with the interface. One time, it showed by balance incorectly (less than what it should be) so that was a bit concerning. It was resolved on its own in a few hours. Might be troubling for daytrading, but if you're doing longs, not that big of a problem.
I remember them mentioning the glitches for the first little while. Yes.. very true they are probably nothing much than visual bugs so it seems like still a great choice
Great video dude just entering this crazy world of investments and you nailed it
Why not use both platforms?
I'm only using Wealthsimple right now but I think I'll have both in the future. Don't want to pay the conversion fees when investing with Wealthsimple.
P.S. Someone give this man water lol
Time for an update. Weslthsimple announced PLUS. This changes things completely
Thanks for the info and helping me decide which platform to go with
:)
Is Questrade more feasible for trading US Stocks and Wealthsimple for Canadian, doesnt Wealthsimple have a triple fee charge for all US stock trades?
Why Questrade is considered a much better platform for American ETF’s or stocks? It has a charging fees when you are selling stocks (wealthsimple doesn’t) and it also has a higher commission fees (2%) then Wealthsimple (1.5%)?
Wealth simple has a cool layout and everything but the problem is that about 50 percent of the stocks are not available , I need to buy at least half of my stocks with my bank .....
So yeah it has a good potential for sure but for now you can't make serious investment since you cant buy most stocks
Cool video. Thanks for clarifying about the Questrade fees.
I have a buddy who was buying pot stocks and using Quest trade. He bought into OGI/ACB and was getting with ECN fees.
This was very helpful. I used this video to make my decision. (I am dumping Tangerine and switching to Questrade!) I really appreciate your effort!
Glad it helped James :)
I’m about to do the same. How are you liking Questrade?
@@cesarwpg867 I've been pretty happy with it. I would confidently say that I think its the best option for self-directed traders in Canada. I've contacted their customer service a few times as well at this point, I've been pretty impressed with that as well. Canadians need to look outside of the big banks more often to smaller institutions like Questrade. Canadians seem to have a paternal relationship with the big 5 institutions that is unhealthy.
James Harrott thanks a lot! I’m also with Tangerine but just by doing a little bit of research it was possible to find out that Questrade and Simplewealth are definitely better options. Thanks again for replying
The ETF purchases in Questrade are good for sure. But what about if I was to dollar cost average on stocks, I have cant really without having to pay a fee each time which really makes dollar cost averaging costly in the long run for the average investor who doesn't have allot of money.
How to identify which is stock and which is a ETF index on trading platform
I changed my broker from WS to Questrade simply because it has very limited features. Portfolios are pretty much fixed and not flexible. It's good if you are beginners but people who want to buy individual stocks, WS is not the right platform.
For questrade you need to consider ECN fee as well. It's not significant per share but if you are buying penny stocks with large quantities that ECN fee can be very expensive...
Amazing input. I agree with everything said here!
Look how far WS has come. Your statement is inaccurate.
@@begley09 I used WS trade as well but eventually moved to questrade. Inconvinient, slow, expensive currency exchange fee (Norbert's gambit impossible). I can't purchase OTC, no options possible, and etc.
If the platform is good for you that's great. But it wasn't for me.
MelodySorrow : exchange rates is surprising with wealthsimple. I realized it too late.
Can you give an example of enc fee amounts on a trade. A rough estimate?
Great video, i really like the summary comparison at the end.
Many other videos, more recent videos say WS does offer TSFA and RRSP.... who is correct? does WS in Nov 2020 offer TSFA and RRSP? Cheers
Hi
Please give advice
Which of the apps is better for day trading?
Which app supports option or forex trading?
Which app to consider while investing in US stocks keeping in mind the conversion rate?
Thankyou
Wealthsimple won't support these. I believe quest trade does. The major banks will also support those features.
@@MindsetTheory thankyou so much
Mindset Theory which one would recommend for someone that just wants to dip its feet in , to try it out ( I want to deposit 100) and see how it goes
@@siloeneves start with Wealthsimple's Trade account. There's no fees so your cash could go a long way. $100 isn't much to be honest. You could try using TD Think or Swim platform or something else to trade for free with a dummy account so you can learn. Best of luck
Mindset Theory okay thank you , and what would you say is a good start money for wealthsimple
Does Questrade support shib?
can you explain the 0.5% wealth simple fee? do i pay 0.5% on the cash volume that i trade? im not sure
Is there any fees for TFSA account??
hey man, big fan of your channel. I'm completely new to investing and I'm thinking im going to go the wealth simple route. My question is that once I've completed there questionnaire and they've made my portfolio. am I able to later add to that portfolio by buying other stocks? or am I stuck with what they have chosen? thanks
you can change you risk lvl any time and that would automatically change your porfolio and if you want to buy a spicific stocks you can use wealth simple trade to trade
if you wanna get $10,000 managed for free for one year on Wealthsimple you can use my code: EIDWXW
wealthsimple.com/invite/EIDWXW
wow I'm so glad i found this channel! my first time watching ur vid and its really informative and easy to understand. thank you for doing this! keep up the good work! :-)
:D welcome to the channel! haha awesome. You're welcome - I appreciate the comment.
Any good SubReddits for Canadian brokers/investing?
How yo tranfer tfsa from Wealth simple to tfsa questrade
Asides from fees what’s the difference between a Robo-Advisor and a mutual fund?
Why would you compare Wealthsimples Roboadvisor with QuestTrade self-directed accounts? They aren't the same and your recommendation isn't for the brokerages, but the account types
I was reading the reviews. Guys you are concerning about the commission that the broker takes . It is nothing compared to the amount you have to pay to CRA ( 50 % of your profit ). If your net profit is $50,000 you have to pay $25000 tax !!!
Unless if it is TFSA account but I don't think that you can trade option strategies with TFSA account
Great comparison, well explained and easy to understand. Thanks for sharing!!!
In Australia, we have chess sponsored broker or a custodian broker. Do you guys have something similar in Canada or is it safe to assume that all investment platforms let you purchase securities in your name?
In questrade you can have minimum and lower than 1000$ in your account and still trade. but you'd have to pay the quaterly fees of 25 $
ecn fees are 0,0035cent/shares.. no biggy for ECN fees. neither SEC fees wich are 0,000207cents
This is pretty old now. WS has improved quite a bit, still not the best but it does have a desktop site now. I'm going hold long term on WS! To the moon!!!
which broker are you working with ? questrade? wealthsimple? banks?
Hello I was wondering if I could get some advice? I want to put 10,000 into Tesla stocks. What’s the easiest and cheapest platform to do so? I hear quest trade and wealth simple yet some people say either or both apps are not that great 🤷♂️
If you want quality try a bank, if you’re in Canada do RBC If you’re in the US then I don’t know
Which is better for Day Traders or Swing traders making many transactions every month ?
So the annual fee for TFSA with wealthsimple... how exactly does that work? Is the fee withdrawn from what i invested into the TFSA account or withdrawn from my earnings?
Thanks brandon for this excellent video. I think you forgot to cover Questwealth. Questrade's robo advisor.
So if I open a Questrade account only to buy VEQT with my CELI, (tfsa) in french I am doing even better with the total fees ? (Better than robot advisor)
Yes you are better doing it by yourself and not using the robot.
IB is best..
Is this platform good for daytrading
thank you so much for this great video😊 can you please do a video on the best 3 platforms for investors because i do not trade i want to buy and hold for a few years. can't imagine paying ninety dollars per month on inactive fee with quest trade even though they are ranked highly! maybe will have to go with big 5 Canadian banks? thanks so much and keep up the great work, you are an inspiration
i like your explanation and the way you speak...
Wait I'm very confused with whether TFSA can be used for WealthSimple Trade or not? Could you clarify more about the differences between traditional webpage and Wealthsimple Trade ?
From what I understand, Wealthsimple has two most popular sides: Investing and Trading (app-only). Investing is for long-term (passive) money growth while Trading is the active one where you buy and sell within a short period as you examine stock prices during the day. I believe his video was when Trade didn't have TFSA option
@@lclyd Thank you so much! this clears out my question about the TFSA account, much appreciated :)
Qtrade (not the same as questrade) makes a 2 investment minimum per quarter, and if the minimum isn't met they charge a 25 dollar fee. So if questrade will cover the 100 dollars transfer fee.....hmm
I dont see a real time stock trading with wealth simple trade it is min 15min delay. Is there a good broke you suggest in canada with the real time.
most brokers questrade ect. it costs extra monthly account add ons to have realtime, the best solution is when you're ready to buy on wealthsimple go to webull which is a free realtime trading app, find the exact price then set a limit order at that price on wealthsimple. its definely not the best option if you want to day trade, but if you're just starting out you don't want to day trade, i find the best is buying a stock and either holding it for several years to collect dividends and growth, or simply buy a stock and when it hits like 10-15-30% growth sell it again as a limit order. and as someone who used questrade the 5 dollar buy and 5 dollar sells on any stock add up FAST so wealthsimple free on canadian stocks is a huge bonus in both the short term and long term savings.
@@BrandonPrive1432 awesome thanks for the advice. I am using wealthsimple trade now just small shares to get use to the whole platform etc. I downloaded vector I thought was real time as well but also a delay.a few times I sold where I thought I was good but with the delay and fast drop I lost a little. I will try what you suggested. Tyvm greatly appreciated
I see on questwealth, if I pay 8000 per year, with no initial deposit and growth portfolio for like 30 yrs then I can get max of 1M. Can this really happen? I dont have anyone to ask for their experience but what are your opinions. ?
Hi Brandon,
can i just deposit 1000$ in Questrade, get the free 50$ then withdraw the 1050$ to my bank account or do i have to trade it ?
Hahah good thought 😂 it’s actually not a $50 deposit into your account rather your first $50 in commissions get waived so that would not work
@@beaviswealth ohh ok thanks for the clarification
Lol wtf? my mans wanted a free payday
ROYAL FRESHNESS hahaha
@@royalfreshness5204 lol ur not wrong
Just stumbled on this video dont know if this has been brought up but you can open tfsa and rrsp with the trade platform.
Hi Brandon, can international students in canada invest in the stock market?
I don't believe so. I'm pretty sure you have to be a Canadian citizen
@@One-yp5yx yes you can do ,you just need to to be a resident of Canada,doesn't matter if you are a temporary resident or permanent
Hi brandon,
My name is omar and I came across your TH-cam channel about investing. Myself and my wife has decided we wanted to venture in trading forex. With that said I have done a bit of studying but don’t feel as comfortable to start doing my own trading. Would you be able to point me in a direction where I can chose a broker that has a minimum investment to start up and also one that I can use copy trade to conduct trade initial and learn as I go.
Knowing that you are extremely busy with other issue, however I do hope you or one of your subscriber will be able to assist or point me in the right direction to allow myself and my family to begin our trading journey.
Thank you in advance.
Don't do it. People only show you their profits but not losses. It'll take years before you're consistently profitable. You can make money, but you're also going to lose a lot of money. Just save. Trust me, its a much better method
if the company (wealthsimple or questrade) goes down, do i lose all my money? Thats just what confuses me...
Wealthsimple or Questrade are brokers... You buy company/stocks,ETF or Mutual Funds through them. They are secured/insured by CPIF. No you don't loose your money
Daughter tried to get her free stocks for new Trade account following a referral, but she was denied. This is a scam.
Could someone tell me the best platform for active option trader? I know Thinkorswim is the best but I can't open TD Direct Investing Account!
thanks
Nail Khismatullin Thinkorswim is the best if you have $5,000 min to open an account
Great vid! Very clear and professional. Thanks for sharing. 👍👍👍
Thank you for the time and effort. Excellent video
Hi, a quick question: Are these two platforms only for Canadians?
Wealthsimple is for sure. Not sure about quest trade.
TfSA is avliable for wealthsimple trade
sorry I'm confused, do you pay a commission when you sell your stock as well?
Great video, well explained as always! What are your thoughts on QTrade Investor compared to QuestTrade? Would Qtrade Investor be more beneficial for young investors with no account minimums and no admin fees?
To be honest with you John... I’d have to take a oook into QTrade. I haven’t every actually seen the platform LOL 😂
Thanks
Is wealthsimple trade safe and your money is insured ?
Will Questrade ever introduce the DRIP function to its platform? Is that in the pipes or off the table?
questrade-support.secure.force.com/mylearning/view/h/Investing/DRIP-Dividend+Reinvestment+plan. 👍🏻👍🏻
Please make an update video to this
thank you :)
Considering Questrade but their reviews online are absolutely horrific and its giving me cold feet. Can you speak to this at all?
Wish I knew his net worth because some people just give all this advice but we really don’t know how successful they really are
Thanks for the video. Very informative.
Hey man quick question ! Is the fee per month? or per year?
Abhiraj Wealth Simple is per year
hm.. WS ask additional 0.5% interest. at the beginning, not much money get out of your account but later, lack of info, maybe 30years later, it will take a lot. $1m for mer% + $4000 extra get out of your account every year.
Thanks, that was really helpful!
What is the main difference between these brokers and traditional banks?
Amary Nicolau banks rip you off. Especially if you use their advisors who push their “amazing” mutual funds. Do a bit of homework and you’ll save a lot of rip off fees from banks by doing it yourself. A starting book I recommend is “Millionaire Teacher” by Andrew Hallam. Hope that helps!
thanks for sharing!!!
Anyone who can share a referral link?
Thanks!
Great Video man!!! Keep up the hard work
totally off topic but what’s your background?
Hi Brandon, thanks for making these lovely and informative videos. I wonder if you can recommend a low-cost online brokerage for expats (non-resident Canadian citizens). I would like to do my own investments thus happy to use an online brokerage, but am not keen to get caught in a weird tax situation or jeopardize my non-resident status. I know that pickings are slim but if you know of anything, or have any advise for someone in this position, I'd really appreciate it. Thanks.
Can I have both? I like the benefits of each and would like to open one of each and use them for different things
So basically, if you do multiple trades per month, you would be better off with Wealthsimple.
Your videos is old . Now you can do TFSA ,etc in wealth simple trade.
Always look forward to the vids, great info!
Thanks man!
I tried Wealthsimple and their platform is not user friendly and very difficult to link your certain bank accounts to. Wealthsimple trade is even more difficult to use. I had a terrible experience trying to get help with their site. There was no way to deposit any TFSA money or RRSP money. Forget it. Weathsimple is too difficult to use and their customer service is severely lacking. Last bad thing is that it takes up to 5 weeks for your money to be transferred from your bank to Wealthsimple. So if you are wanting to move cash into an investment account...you may end up buying in at the wrong time. That's brutal!!
That's just not true, I think it's the most intuitive platform out there, took me 10 mins to set up and my funds were transferred in 2 business days. Also I can switch my risk tolerance from a scale of 1 to 10 any time I want
Great. That's good you had no issues but I sure did and gave up on them and their complete lack of response to my concerns I sent through emails. Buying stocks through Questrade was much easier and I have much better support plus it costs much less in fees.
How safe is your money in wealthsimple?
100% safe, it started 2014, has more than 175,000 clients and over $5 billion in assets under management.