Questrade is one of the major Canadian brokerage companies in Canada. Questrade does not charge any account inactivity or account maintenance fees for brokerage accounts from its users. So, good news is that you won't have to pay any fee if your account is inactive for sometime.
However, it is important to know about various other charges involved which are explained as follows.
Questrade is one of the largest Canadian brokerage companies based in Toronto. Questrade is one of the most widely used brokerages to invest in stocks, mutual funds, ETFs and other securities. However, Questrade does not charge any account inactivity fees from the user. There are various charges involved in Questrade related to the withdrawal of funds and others.
Inactivity fees are a penalty imposed by the brokerage company on an account holder for not logging in and making transactions from the account. Not logging in to the account or not executing transactions through the account causes long-term penalties and other potential charges.
As Questrade does not charge any account inactivity fees, it involves various other potential charges to the account holder. These charges can add up to high amounts so the account holder should keep a check on the pending balances and any acculturation of penalties in the account.
As Questrade does not charge any inactivity fees, the account holder should keep a check on the charges explained. One should always be updated on changes in the company's policies regarding the inactivity of brokerage accounts and the charges imposed in future.
Yes, international Yes, international students can have two or more bank accounts in Canada as per their discretion. There is no cap on the upper limit.
If you do not log-in to your PayPal account or make transaction using your PayPal account for one year, then you will be charged $20 CAD.
In Canada, a** bank account** can be closed due to numerous reasons and through multiple ways. If your bank does not have a minimum balance, then you have to pay a fee to close the bank account.
Fees vary depending on the type of account, the products traded, and the volume of trades. For equity trades, a flat rate of CAD 0.005 per share, with a minimum of CAD 1.00 and a maximum of CAD 0.5% of the trade value. For options trades, the fee is CAD 1.00 + CAD 0.75 per contract. There is also an annual account management fee of CAD 10.00.
No minimum amount is required to open a brokerage account in Canada. However, if the balance is less than $20,000, you will be charged $100 annually as an account fee.
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You cannot open a TD Ameritrade account in Canada unless you are an American or have US citizenship. So, if you are a Canadian citizen, you cannot open account with this US stock broker.