Questrade ranked fastest-growing online brokerage
Toronto, ON (October 16th, 2008) – Once again, Questrade Inc. has been rated as Canada’s fastest growing online brokerage, according to Investor Economics’ Retail Brokerage Report. The report, which was published in September and covers the second quarter of 2008, examines all aspects of the Canadian online discount brokerage industry.
Edward Kholodenko, President and CEO of Questrade said: “This analysis shows that Canadian investors are increasingly turning to Questrade as their firm of choice for online investing. It also clearly demonstrates that our business model is exactly what is needed right now: we have the best pricing and we offer a full slate of products and services, including unique services not available elsewhere, such as USD in RSP or gold bullion trading.”
Questrade significantly outpaced the industry in achieving the ranking as fastest-growing online broker. Using a sampling of three measurements for the 2nd quarter, 2008, the industry showed growth of 5.1% for stocks and bonds, 4.3% for tax-deferred assets, and 3.5% for taxable assets. Questrade’s growth in these three areas ranged from 21.4% to 43.9%.
Continues Kholodenko: “Canadians are also turning to us because we are an established, dependable firm. Questrade does not invest in mortgages or other high-risk investments. We give our clients the security they deserve for their portfolios. Security and flexibility is a powerful mix for self-directed investors.”
Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protec-on Fund (CIPF). The CIPF provides coverage to Questrade clients for up to CAD $1 million per account. Questrade is also a participating organization (P.O.) of the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSX-V) and the Montreal Exchange (“MX”), and a registrant with securities commissions in every province.
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets as well as forex trading. Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada’s fastest-growing online brokerage. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.
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