(openPR) - Toronto, ON (March 31, 2006) – Questrade, Inc., Canada’s leading discount brokerage introduces new lower fees on all US & Canadian equity and options trades.
As of March 31, 2006 all clients who trade US or Canadian stocks or options using Questrade’s direct access platforms will receive the same low rate with no hidden commission fees or volume based pricing.
The new pricing structure allows all traders to benefit from a per trade rate of $9.95 on US equity trades regardless of volume. US options trades will be charged $9.95 per trade + $1.00 per contract. Canadian equities trades are priced at $9.95 per share, up to 2,000 shares, and $0.005 per share thereafter to a maximum of $17.95 per trade. Canadian options trades are $9.95 + $1.00 per contract with a minimum of $19.95. All fees are in the currency of the trade executed. Exchange, ECN and data fees are additional.
“Canadian active traders have come to rely on Questrade’s superior technology, streaming real-time tools & low fees.” says Edward Kholodenko, President & CEO, Questrade Inc. “Our new fee structure continues our goal of providing independent investors with the additional value and peace of mind they expect from Questrade while maintaining our industry leading position.”
Questrade supplies thinking tools for today's traders. Questrade, Inc. is a leading Canadian discount brokerage that offers active investors high-speed, direct access trading to the U.S. & Canadian stock and options markets with real-time streaming data. Founded in 1999, Questrade, Inc. has two divisions, Equities and Options trading and Forex trading, and a variety of innovative products to serve all the needs of the active Canadian trader.
Headquartered in Toronto, Questrade was the first Direct Access Broker to become a member of the Investment Dealers Association of Canada. Questrade is also a member of the Canadian Investor Protection Fund and a participating organization of the Toronto Stock Exchange and the TSX Venture Exchange.
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