3 Best Trading Platforms in Canada: The Cheapest Way to Invest (2021)

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  • เผยแพร่เมื่อ 15 ก.ย. 2024

ความคิดเห็น • 139

  • @WealthAwesome
    @WealthAwesome  ปีที่แล้ว

    Check out the blog post for an updated list: wealthawesome.com/best-trading-platform-canada/

  • @WealthAwesome
    @WealthAwesome  3 ปีที่แล้ว +4

    See my updated rankings here: th-cam.com/video/yoEI2kYsvG8/w-d-xo.html. Also, get a $50 Cash Signup Bonus with Wealthsimple Trade with this link:
    wealthawesome.com/recommends/...

    • @GuitarSamurai17
      @GuitarSamurai17 3 ปีที่แล้ว

      Hey there! i want to invest in tesla but im in canada, and im hoping to be invested for a year or 2, which one is better, quest trade or wealth simple?

  • @BillB3737
    @BillB3737 2 ปีที่แล้ว +4

    Canadian here looking to do day trading. Ive been making money off crypto trading apps on mobile and i wanna get into stocks too and im wondering what app should i get on now? This video is like almost a year old now im wondering if antyhing has changed thank you.

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว

      I like Wealthsimple now for most of my trading, but all 3 are still good

  • @Italianborn
    @Italianborn 2 ปีที่แล้ว +2

    Hi there, getting interested in the topic, i got fasinated with it once, invested 2k cad and lost it following a guy that apparently makes billions in penny stock.. since I'm average 99% population out there 2k were somewhat important to me so i gave up the idea of trading, but it's growing back to me even tho i want to use a more reliable investment, this video was really appreciated, i will be subscribing and will look for more, please keep those vid coming, i need to learn and youtube nowadays it's best for it !

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว +1

      Thanks, glad to have you on board!

  • @UlrichKemassi
    @UlrichKemassi 3 ปีที่แล้ว +6

    Hi , please I am looking for an automatic platform trading that I can invest money and get pay every single week.

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว +1

      I think you're referring to a robo-advisor, but I'm not sure. If that's the case, check out this article on my blog: wealthawesome.com/best-robo-advisor-canada/

    • @brianhaugen3388
      @brianhaugen3388 3 ปีที่แล้ว

      Recently i made huge profits on my investment since i started trading with mrs sandra brooks, her trading strategies are top notch notch coupled with the little commission she charges on her trade

    • @albertosobrinho6878
      @albertosobrinho6878 3 ปีที่แล้ว

      @@brianhaugen3388 Its amazing to see others trading with mrs sandra brooks, i am currently on my 5th trade with her and my portfolio has increased tremendously

    • @channingalton7646
      @channingalton7646 3 ปีที่แล้ว

      I have been on a consistent weekly trading with sandra and it has been wonderful no doubt she is very reliable in the trading market. such a reliable and geniue lady

    • @channingalton7646
      @channingalton7646 3 ปีที่แล้ว

      I started trading with mrs sandra brooks, She is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing

  • @michaelsmdk
    @michaelsmdk 2 ปีที่แล้ว +1

    Awesome and informative. Thank you!

  • @francescafuentes4146
    @francescafuentes4146 2 ปีที่แล้ว +2

    Loved the video and subbed! :) Just wondering which one you'd recommend for a Canadian (I'm a beginner in stock investments and looking to do long term investments over day trading).

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว +1

      Try Wealthsimple Trade, it's great for beginners, get $50 signup bonus here: wealthawesome.com/recommends/wealthsimple-trade

    • @raoufkrigah4041
      @raoufkrigah4041 2 ปีที่แล้ว

      I'm an international student and wanted to create an account but they're asking about my social security number. Is this normal?

    • @krnvirsingh
      @krnvirsingh 2 ปีที่แล้ว +1

      @@raoufkrigah4041 ya

  • @TheMugzzy13
    @TheMugzzy13 2 ปีที่แล้ว +2

    Is questrade and wealthsimple governed by the PDT rule? And are they in REAL time or is there latency? Aswell how fast can you use the money made in a trade is it added to your portfolio to use again instantly?

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว

      PDT rules generally don't apply to Canadian brokers, but I would double check with your accountant if you're worried. Questrade is Real time with it's free account and it's very fast to trade again after making a buy/sell, but Wealthsimple you need to get the trade plus subscription to access that.

    • @chauffeurmarco
      @chauffeurmarco 2 ปีที่แล้ว

      Nope. Not in canada. don't have the same rules, US do. Ross Cameron said that when ouy made a profit and sale, the amount is frozen and have to wait three days. very inconvenient. Get questrade, I garanty you that you will not regret. All platforms are in real time if you pay the fees.

  • @maivu3000
    @maivu3000 3 ปีที่แล้ว +6

    how do you know if something is a us stock or a cad stock? i want to get started but literally have no idea

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว +6

      Hey Mai, good question, go to Google Finance here: www.google.com/finance then search for the stock. You'll see it say CA listed security if it's Canadian, or US listed security. Sometimes a stock can be listed on both (for example, Shopify, or TD Bank). You can also tell by the exchange listed before the ticker (for example, TD Bank Canadian stock version says TSE: TD, which TSE stands for Toronto Stock Exchange, but NYSE: TD is the American version, which NYSE means New York Stock Exchange) Hope this helps!

    • @sarahjohnson3052
      @sarahjohnson3052 3 ปีที่แล้ว +1

      Binary options trade is more profitable and reliable invest $5,000 make profit of about $64,000 weekly

    • @brianhaugen3388
      @brianhaugen3388 3 ปีที่แล้ว

      I have been on a consistent weekly trading with sandra and it has been wonderful no doubt she is very reliable in the trading market. such a reliable and geniue lady
      Kindly reach her through her teIegram page
      @Investwithsandra she is very reliable

    • @namstast
      @namstast 2 ปีที่แล้ว +2

      @@sarahjohnson3052 is it true?

    • @sarahjohnson3052
      @sarahjohnson3052 2 ปีที่แล้ว +1

      @@namstast yes its guaranteed.

  • @mmonikat
    @mmonikat 2 ปีที่แล้ว +3

    I'm new to buying stocks. I want to sign with Questrade but does that mean I have to buy 200 shares in order to be able to open an account?

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว +1

      Hey Monica, There's no minimum account balance you need to start investing in Questrade

    • @northernkodiak4490
      @northernkodiak4490 2 ปีที่แล้ว

      @@WealthAwesome thanks I was worried about minimal purchase requirements

  • @Gb-pj7oj
    @Gb-pj7oj 3 ปีที่แล้ว +1

    In India I trade in index bank nifty options chain , please tell what are the Canada index options name ?? I might settle down in Canada in next few years so it's important for me to know. Please answer please 🙏

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      Sorry I'm not sure i understand your question, can you give me an example of what you're talking about

  • @ironlotus7371
    @ironlotus7371 3 ปีที่แล้ว +1

    Hi what apps are best when goin to purchase OTC/ penny stocks. obviously trying to keep fees low especially with the quarterly fee. Thanks

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      I've heard CIBC Investor's Edge is good for this

    • @Onlytacky
      @Onlytacky 3 ปีที่แล้ว

      @@WealthAwesome i dont see it in the app store?

  • @GuitarSamurai17
    @GuitarSamurai17 3 ปีที่แล้ว +1

    Hey there! thanks for the video! but which one do i use if i am canadian and i want to invest in tesla for a year or so?

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      Hey don't use Wealthsimple Trade right now for that, as you will get hit with a lot of foreign exchange fees if you buy and sell Tesla several times. I recommend Questrade, as you'll be able to hold a USD account so it limits the amount of FX fees you'll pay. Wealthsimple has mentioned to me in the future that they will have a USD account though, which would be a game-changer.

    • @maloyhopeonarope7990
      @maloyhopeonarope7990 3 ปีที่แล้ว

      Can I own partial shares with questrade?

  • @yasserjinna
    @yasserjinna 2 ปีที่แล้ว +1

    Hi there,
    I would like to know if I can place an order before hand, a stock currently trading $87 and I know that if it reaches $100 then there will be a pull back say $95 before it goes higher and if I can place this order before the stock reaches $100.
    Do I do this under buy stop limit where I place buy order with stop and put stop price as 100 and limit price at 95.
    I live in Canada and any brokers that allow this in there platform?
    I use RBC but they don't have such an option. The limit order should be same as the stop like $100 or higher which defeats the whole purpose of buying the pull back before trending higher.
    TIA 😁

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว +1

      I believe IB offers this, but contact them to make sure

    • @yasserjinna
      @yasserjinna 2 ปีที่แล้ว

      @@WealthAwesome
      I checked and they don't have. Guess I will just have to put a limit order once the price hits the target price. Thank you for taking time and for your response. I appreciate it.

  • @Whiskers_19
    @Whiskers_19 ปีที่แล้ว +1

    Does the unfair law forex in Alberta also apply to stocks and indices?

  • @parker6276
    @parker6276 3 ปีที่แล้ว +3

    what brokerage would you recommend for scalping small stocks? do you think questtrade can keep up with fast pace trading?

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      If it's traded on an exchange, Questrade should have the same performance as most other brokerages. Of course, if the small stocks are very illiquid, it doesn't matter what brokerage you go with it's going to be tough to sell

    • @parker6276
      @parker6276 3 ปีที่แล้ว

      @@WealthAwesome ahh i see, thanks for the reply. I've just been reading a bit about how Interactive brokers is a preferred platform for day trading. and fast pace trading. So you think with questtrades IQ edge. (faster data) platform should be suffice for day trading/ doing some faster pace trading. thanks again for the reply!

  • @RA-qb4gl
    @RA-qb4gl 2 ปีที่แล้ว

    Hi, thanks for the video. What about trading futures. Which platform in Canada is best

    • @WealthAwesome
      @WealthAwesome  2 ปีที่แล้ว

      I'll have a review out about this soon on the wealth awesome blog

  • @alishotekie2278
    @alishotekie2278 2 ปีที่แล้ว

    Thank you so much , this is a great video

  • @rolandvargas6735
    @rolandvargas6735 3 ปีที่แล้ว +1

    Can i copy trading on wealth simple trade or wealth simple invest?how?
    Thank you

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      I'm not sure I understand what you mean by copy trading?

    • @claytonstoltz1992
      @claytonstoltz1992 3 ปีที่แล้ว

      No you can't- and you shouldn't do that anyway!

  • @michellethomas6947
    @michellethomas6947 3 ปีที่แล้ว +2

    This is not the first time i am hearing of Mrs bridget and her exploits in the trading world but i have no idea how to reach her

  • @chauffeurmarco
    @chauffeurmarco 2 ปีที่แล้ว

    I always get mad when people say that we can TRADE not inveting but TRADE on our mobiles when it is absolutly false. There is no possible trade without candle chart and level 2 and other things, like Top Gainers which are absent on mobiles. As for Wealthsimple, its a nono. Ok for investing but there are no trading. any self-respecting trade does not trade on any of those platforms. And yes, Questrade is number one.

    • @chauffeurmarco
      @chauffeurmarco ปีที่แล้ว

      no. There are no real trading platform on mobiles. So far, Windows are the only one that Ofer us a real trading experience, period. The only motif for you to say otherwise is money that you want from us.

  • @aabbas84
    @aabbas84 3 ปีที่แล้ว +2

    What platform to use for US etfs

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      You can use Questrade. To save on FX fees you can use Norbert's Gambit

    • @sarahjohnson3052
      @sarahjohnson3052 3 ปีที่แล้ว +1

      Binary options trade is more profitable and reliable invest $5,000 make profit of about $64,000 weekly

    • @Italianborn
      @Italianborn 2 ปีที่แล้ว

      @@sarahjohnson3052 explain..

  • @claytonstoltz1992
    @claytonstoltz1992 3 ปีที่แล้ว +1

    wealth simple ..... forget in and outs - no pennies under 50cents - stuck with canaduh only markets - no thanks! hope you make some affiliate cash from them!

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      Thanks! Hope you make millions trading penny stocks!

    • @claytonstoltz1992
      @claytonstoltz1992 3 ปีที่แล้ว

      @@WealthAwesome Not about making millions on penny stocks its about freedom of trading - unfortunately wealthsimple is not direct enough for investors & traders but they sure like to pump the "no commisions" aspect when the truth of their execution and the lack breadth in availables is what the "no commissions" snows people, like I said I hope you're getting decent affiliate cash for pumping a crap platform - an example for viewers: graphite 1 - picked them up for pennies, the market left them behind as they chaed the shopifies and pelantirs etc as with most mining stocks many were well below a buck since I was actually able to invest in them without wealth simple I was able to gain over 800% - nothing wrong with the company nor the stock other than it wasn't popular in the minds of the fickle... after testing results reported super high quality graphite and the usa declaring them a resource of national importance the many thousands of shares I grabbed are doing very nice .... this of course did not make a stitch of difference to me when I paid the 9.95 commission - folks if commissions dictate what and where and why you are investing you need to assess whether or not you're actually investing or just flubbing.... cheers!

  • @yasserjinna
    @yasserjinna 3 ปีที่แล้ว +1

    Hello
    Looking for your advice on which broker will allow me to buy and sell stocks in Canada like at 2.231 and sell at 4.418
    I have used RBC and questrade
    I always need to round it of to 2.23 or 4.41

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว +1

      I'm not too sure, but Interactive Brokers is probably your best bet I would try to contact their help desk to confirm. You can also try Wealthsimple but I think they do only 2 decimal places.

    • @yasserjinna
      @yasserjinna 3 ปีที่แล้ว

      @@WealthAwesome
      Perfect. Will do so 😊

  • @mithul6170
    @mithul6170 3 ปีที่แล้ว +1

    how good questrade for day trading ?

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว +1

      It's a solid choice for day trading, but I always caution against trying that strategy! Know what you're getting into and don't risk too much to start.

    • @mithul6170
      @mithul6170 3 ปีที่แล้ว

      @@WealthAwesome thanks man. I haven’t even downloaded the app. Im learning. Getting advices form people like u. 😊. Until now I was planning to go for day trading. Now starting to think about the swing trade, hope that has lower risk than day trading right ?? Is there a specific account for swing trade in questrade ? If so which account is that. ?

  • @minhhuynh5392
    @minhhuynh5392 3 ปีที่แล้ว +2

    How could I become one of your team members?

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว +1

      I'm not currently hiring for anything, but will let you know if I do!

    • @sarahjohnson3052
      @sarahjohnson3052 3 ปีที่แล้ว

      Binary options trade is more profitable and reliable invest $5,000 make profit of about $64,900 weekly

  • @lizzyh5808
    @lizzyh5808 2 ปีที่แล้ว

    Are ETF sale for quest trade free as well ?

  • @mariannerochelle.w4199
    @mariannerochelle.w4199 2 ปีที่แล้ว

    Good picks, Quest trade all day.

  • @yerufael9487
    @yerufael9487 3 ปีที่แล้ว +1

    What about for otc bro

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      I hear CIBC investors edge is good for this

    • @yerufael9487
      @yerufael9487 3 ปีที่แล้ว

      @@WealthAwesome thanks wish me good luck

  • @arthurgord
    @arthurgord 3 ปีที่แล้ว +3

    Wealthsimple trade is available for a desktop now. Sorry

    • @WealthAwesome
      @WealthAwesome  3 ปีที่แล้ว

      Hey Artur, yes I'm aware of this, I recorded this a couple weeks ago and of course they just announced the desktop app! Thanks for being on top of it

  • @nwasurubajosephchidiebere7234
    @nwasurubajosephchidiebere7234 3 ปีที่แล้ว +1

    Good

  • @sarahjohnson3052
    @sarahjohnson3052 3 ปีที่แล้ว +1

    Binary options trade is more profitable and reliable invest $5,000 make profit of about $64,000 weekly

  • @odettefredrick4095
    @odettefredrick4095 3 ปีที่แล้ว

    I make huge profits on my investment since i started trading with mrs susan green, her trading strategies are top notch notch coupled with the little commission she charges on her trade

    • @channingalton7646
      @channingalton7646 3 ปีที่แล้ว

      Wow,amazing to see others who trade with mrs susan i am currently on my 5th trade with her and my portfolio has increased tremendously

    • @brianhaugen3388
      @brianhaugen3388 3 ปีที่แล้ว

      This is not the first time i am hearing of mrs susan and her exploits in the trading world but i have no idea how to reach her

    • @braddecker777
      @braddecker777 3 ปีที่แล้ว

      As a first time investor I started trading with mrs susan green with just a thousand bucks. my portfolio is worth much more than now within just weeks of trading with her.

    • @homergarrett6135
      @homergarrett6135 3 ปีที่แล้ว

      I have been on a consistent weekly trading with susan and it has been wonderful no doubt she is very reliable in the trading market, such a genius

    • @odettefredrick4095
      @odettefredrick4095 3 ปีที่แล้ว

      @@brianhaugen3388 Kindly reach her through her teIegram page