TORONTO, May 25, 2018 (GLOBE NEWSWIRE) -- Questrade (www.questrade.com) -- Canada’s fastest-growing online brokerage -- is proud to announce it has been named top spot in the category of Initial Impressions in Canada’s Best Online Brokers 2018, the sixth annual ranking of brokerages published by MoneySense. As one of the top Best Overall picks again this year, Questrade scored significantly ahead of the remaining firms evaluated in this report.
Questrade was also ranked in the top three across three additional categories including Customer Service, Fees and Commission and Mobile Accessibility. This year’s review evaluated the top 12 firms covering the gamut of the big bank-owned brokerages to independent online outfits and was produced in a partnership with Surviscor Inc., a leading research and business intelligence company.
Surviscor praised many of Questrade’s innovations including its fully responsive website and its Smartphone app that makes it easy to execute trades on the go. The company has fully digitized the application process right down to the signature, which also propelled Questrade to the top of the list in the Initial Impressions category. The review lauded the company’s 1-cent trades, free to buy ETFs and cited Questrade as having the leading position in chat service. Questrade’s best features as noted under the comparison tool of the review included strong digital usability, live chat capabilities during market hours, unlimited free ETF buys and multi-leg option orders.
"We’re pleased with our showing in this year’s MoneySense review,” stated Edward Kholodenko, president and CEO, Questrade. “Ever since our start we’ve had one clear vision: to help Canadians achieve financial independence by providing them with the very best investment products, technology, and client services – all at a great value. We are obsessed with continual innovation by developing new features and services that truly make a positive difference in the lives of Canadians."
The recognition by MoneySense extends an impressive streak of industry accolades for Questrade including its recent naming as one of "Canada's Best Managed Companies" for the seventh year with Platinum Winner distinction, honouring Canadian companies that have implemented world-class business practices and created value in innovative ways.
About Canada’s Best Online Brokers 2018
For the past six years, MoneySense has evaluated and ranked Canada's top independent and bank-owned brokerages based on data collected by Surviscor, a research analysis and business intelligence firm. The survey methodology is based on MoneySense-specific categories based on Surviscor’s latest mobile and online reviews. There are seven main categories reviewed, with 43 separate criteria, with industry rankings in each based on Surviscor data. Customer service data was logged between April 2017 and March 2018, a total of 169 records. The results are based on a 5-point rating system that awards 5 points to the first-place finisher in a category, 4 points for second, 3 points for third, 2 points for fourth and 1 point for fifth place. The MoneySense Canada’s Best Online Brokers 2018 is available online at http://www.moneysense.ca/save/investing/canadas-best-online-brokers-2018/?utm_source=nl&utm_medium=em&utm_campaign=pfm_invest&sfi=8ea2c9cb7b4b4348b695213545971214.
About Questrade
Questrade (www.questrade.com) is Canada’s fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees, and providing a viable alternative to traditional financial investment options, thereby allowing Canadians to “Keep More of their Money.” As a leader and innovator in financial services, Questrade is a trusted ally that advocates for consumers, focused on improving value. With 19 years of challenging the status quo as Canada's leading, non-bank online brokerage, over $7 billion in assets and more than 30,000 accounts opened every year, Questrade and its companies provide financial products and services: securities, foreign currency investment and online wealth management. Questrade has recently been named one of Canada’s Best Managed Companies for the seventh year in a row. For more information visit www.questrade.com, or follow on Facebook and Twitter @Questrade.
Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade Financial Group Inc. Questrade, Inc. is a registered investment dealer, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to the activities undertaken by Questrade, Inc. QWM is not a member of IIROC or the CIPF. Questrade Wealth Management Inc. is a registered Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer. ©2017 Questrade Financial Group Inc.
For more information, visuals, or to arrange an interview with Questrade president and CEO, Edward Kholodenko, contact Susan Willemsen, Ruth Colapinto or Briana LeGoaix at The Siren Group Inc. Tel: 416-461-5270. Email: susan@thesirengroup.com or ruth@thesirengroup.com.
Visit www.thesirengroup.com and connect on Twitter and Instagram @thesirengroup.