Wondering, if Qtrade is safe and legit stock broker in Canada? Know details on the leading Canadian online trading platform and see how it adds up to the security layers and keeps customers satisfied.
It is a fact that we can not directly trade on exchanges, so we have to choose a broker whom we can trust, who is regulated by trusted bodies so that our money and assets are safe.
We have presented all the points which you need to know to assure whether Qtrade is safe and legit or not:
Investment Industry Regulatory Organisation of Canada is a non-profit, regulatory organisation that offers investors a high amount of protection as it takes care of all the trading activities and investment dealers in Canada.
Being a member of Canadian Investor Protection Fund and because of strong regulation, greater investor protection is ensured. So, even if Qtrade goes bankrupt, you are safe. Also, the GIC are insured for up to $100,000 per issue.
Qtrade’ s parent companies are Desjardins Group and Aviso Wealth, thus providing Qtrade a sound financial background.
Restating the 2nd point, Qtrade provides you protection as all the customers are covered by Credential Qtrade Securities Inc. which is a member of CIPF, so you are eligible for upto 1 million CAD coverage.
As Qtrade was established in 2000, and it has a track record of 20 years which also builds trust in the company.
Qtrade Investor keeps your financial transactions and information safe and secure, only supports browsers that use 256-bit encryption. So, if you want to use beta versions of those browsers, Qtrade does not even recommend that.
Qtrade lets you know that their site is secure by using digital certificates issued by trusted 3rd parties. This ensures both transparency as well as security.
Qtrade uses powerful firewalls to protect the information of your accounts. When powerful firewalls are used, it does not let intruders enter into your machine and steal or damage the data.
The broker also spread awareness for the security and safety of clients. Clients are asked to change passwords on regular intervals, sign out from other machines, use antivirus software.
The broker requests clients to sign-up for automatic updates so that they are ensured about the safety and security through latest and regular interval updates.
From the above points, you can easily make out that Qtrade is safe and legit stock broker and online trading platform in Canada.