Check out the blog post for an updated list: wealthawesome.com/best-trading-platform-canada/
@EthanBlackwood-o7l2 ай бұрын
What is the best approach to enter the market now as a beginner with more or less than $15,000
@MichaelHawthorne-x6e2 ай бұрын
You need a pro at navigating the market. Someone like Amanda Katherine Nakitare
@SarahBlythe-r9h2 ай бұрын
Didn't expect to see Amanda mentioned here. With her aid for barely four months, I cleared a debt I had for 3 yrs
@JacobFoster-u3y2 ай бұрын
Meeting Amanda Katherine changed my life. I was struggling to make rent now I'm looking at houses to buy
@EthanBlackwood-o7l2 ай бұрын
How can she be consulted
@SarahBlythe-r9h2 ай бұрын
Write to her through Face book
@funtoysadventure3052 Жыл бұрын
Very informative, thanks for sharing valuable information. Would be great if the text over your video will be more visible and in black color.
@ajcook77772 жыл бұрын
For active day traders: TD too high commissions. Questrade too high commissions. Interactive Brokers Canada let's you day trade with very small accounts, and only charges $1 a trade. Trade Zero Canada is pretty much the same as IB and is great for short selling the low float hard to borrow stocks. Canadians are not subjected to the pattern day trader (PDT rule) that US traders are. US uses FINRA regulations and Canada uses IIROC, and we can day trade as much as we want, regardless of account size. If you are going to be a very active and serious trader I would recommend coupling Interactive Brokers with DAS Trader Pro, their tools are amazing and they have very fast executions. Their platform is used very heavily by day traders in the US
@immigrant_pharmassist Жыл бұрын
@ajcook7777 I'm so glad I came down into the comments. You answered my question perfectly (which I didn't ask out loud). IB is quite robust and every obstabcle can be overcame with proper education. I have WealthSimple but I don't believe it's as robust and I wish to start with a margin account. Thank you!!
@wiseman41608 ай бұрын
Bad thing about them is you have to qualify to do options. They decide if your ready or not.
@CanadianforestfairyАй бұрын
How bout futures?
@max48652 жыл бұрын
National Bank of Canada Online brokerage is way better than wealth simple trade. It also has no commission fees and offers USD accounts on top of that.
@annetteveronica94232 жыл бұрын
Sorry for writing you, just out of curiosity your page come up on my suggestion friend list so I was just wondering if I knew you from somewhere?
@CanadianforestfairyАй бұрын
Is it good for trading futures?
@michaelyoung3762 Жыл бұрын
BTC's price has been fluctuating lately, which means the market is currently open and you cannot tell whether it is going to be bearish or bullish. This uncertainty is driving most traders away and forcing investors to hodl. I would say it's totally wrong to just sit back and wait, maybe make a few losses, this is the wrong way of thinking for an investor because as an investor it should be our job to find ways to add and recharge more and more coins as the ultimate goal of making a profit. It all depends on the pattern you are tradin in and the source of your strategies as well. I have made over 17.8btc from day tradng in less than 3 weeks using the correct tradin strategy given to me by an expert trader, Theo Ryan.. His methods are top notch and profitable.
@isabellawilliam77 Жыл бұрын
Hello...I have been looking for such a profitable signals and guides from a pro trader for some time now how do i contact him?
@michaelyoung3762 Жыл бұрын
@Theo917
@michaelyoung3762 Жыл бұрын
You
@isabellawilliam77 Жыл бұрын
@@michaelyoung3762 Thanks for sharing his telegram details, this gave me a small amount of hope thanks, i’ll surely reach out to him and start learning the right way, tired of loosing from price drops,
@ahmadaladdin8673 Жыл бұрын
I'm also a subscriber of his signals, and if I were to rate their accuracy I would say 95%
@JS-jh4cy2 жыл бұрын
When you switch brokers every few months isn't that a pain in the ass? Most people would lose doing this transfering around to brokers? What are the real costs?
@CM_Burns2 жыл бұрын
Wealth simple is free for a reason, it's the Robin Hood of Canada.
@WealthAwesome2 жыл бұрын
thanks for your input
@Pmz6042 жыл бұрын
Totally agree 👍
@WJGSix2 жыл бұрын
Not even, robinhood has more options than Wealthsimple by far. WS has potential if they focus on improving, which they said they would but it takes time to get to the level of a real discount broker.
@opinderjitsinghopinderjits95952 жыл бұрын
There is currency conversion fees
@firasdahche553510 ай бұрын
Will I pay commission fees if I wanted to trade american etfs on WS ?
@JesterPester48 Жыл бұрын
Love wealth simple trade I use it for all my investing
@TimingInTime8 ай бұрын
Great article! Can you tell me what would be a good beginner platform to start trading Micro Futures? I have spent 2 months trying to learn as much as possible in Interactive Broker and finding very difficult to navigate placing bracket orders. Any suggestions or opinions would be very appreciated.
@CanadianforestfairyАй бұрын
Im asking the same question
@brhanetekie8558 Жыл бұрын
I Have the worst experience with WS
@tripplecee2106 Жыл бұрын
Hi, I am new in Canada. I am looking out for a Forex academy in Regina to learn more on how to trade the Forex market. I will be grateful if anyone can help me out. Meanwhile, your video is super instructive.
@elephantmoney2 жыл бұрын
ECN and FX fees make your #2 and #3 a no go. They add up massively
@wallyg80202 жыл бұрын
What u think of national bank with no commission?
@WealthAwesome2 жыл бұрын
I took a look at them too, but as I mentioned in another answer, they have a ~2.5% FX fee exchange rate that's pretty hidden. Their exchange rate is really bad. Plus they have maintenance fees if your account isn't at a certain level. WS is still in my opinion the best for most user cases in Canada.
@max48652 жыл бұрын
@@WealthAwesome you can use Norbert's gambit for literally free.
@max48652 жыл бұрын
It's probably the best online broker in Canada right now.
@JosefA-zzzt5910 ай бұрын
@@WealthAwesome I exchanged my CAD to USD using Knightsbridge and deposited the funds.
@hermes8258 Жыл бұрын
Which broker do you recommend for an absolute beginner who wants ONLY to trade emerging/frontier market as ETFs, index funds, mutual funds, and individual stocks *all within a TFSA*? I will rarely be buying 'Canadian content' . But because my bank account is in Canada and I am a Canadian resident, this is why I am considering a low/free-fee brokerage firm in Canada.
@WealthAwesome Жыл бұрын
I would recommend Questrade for that!
@KarinaMilan47 күн бұрын
Mark what can I do? I have been disabled since 2009 and I am 58 years old at the verge of retirement. My portfoliio of $750k is down to $492k, How can I profit from the present market" , I mean I've heard of people making upto $250k in couple weeks during this crash and I'd like to know how.
@CaryTriana7 күн бұрын
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
@AlexandraGray-t47 күн бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@bradhaaf47492 жыл бұрын
Been playing around on Wealth Simple on Nasdaq with large caps basically as i understand scalping / swing trading though more by accident trying to avoid volatility lol Enjoying the experience and looking to move to more complex trading platform. Most of them seem underwhelming as gaming in 2005 was more complex lol Just trade big names goog, nvda, tsla, aapl and if my scalp doesn't work it just turns into swing cause they all go up eventually %100 win no loss lol Like to be able separate account 1-10 so if account 1 gets stuck in swing for week go to account 2, 3, 4, so on so on.. any platform suggestions ? Also kind of feel like 2006 WoW bot could do what I'm doing 20+ accounts is that a legal option Canadian traders ?
@WealthAwesome2 жыл бұрын
If you like complex, check out Interactive Brokers!
@karamdhillon27392 жыл бұрын
Appreciate the vid
@WealthAwesome2 жыл бұрын
Thanks!
@virgingalaxy5941 Жыл бұрын
why wealthsimple discourages day trading?
@neopaladin482 жыл бұрын
How many dollars WS give you for this video ?
@oliviamendez Жыл бұрын
Netcoins Exchange is still the best platform that I've been using until now.
@arathaemaxus5250 Жыл бұрын
I use Questrade but I want to trade more than stocks and ETFs so I may switch to interactive brokers
@WealthAwesome Жыл бұрын
That might be a good idea!
@JoeGarreck2 жыл бұрын
The big drawback to WS is lack of more types of accounts ie Spousal RRSPs
@CGBTC10 ай бұрын
they hav it now
@indrab2121 Жыл бұрын
WS app crashes so many times for me in 2022, I lost a lot of money and good opportunities as a day trader. Yes their UI/ UX is very good and yes they have the US account now, but I have a trust issue using their platform now. Do any other platforms (questrade/ IBKR) also freeze/ crash regularly?
@WealthAwesome Жыл бұрын
Check out Questrade, Qtrade, IBKR are better options for serious traders
@Andrew218822 жыл бұрын
Too bad Wealthsimple Trade doesn’t offer retirement income accounts RRIF, PRIF, LIF. What are your thoughts on Qtrade ? It’s supposed to be the best one in Canada.
@WealthAwesome2 жыл бұрын
I like Qtrade a lot! I've been testing out their product more lately, and will likely bump them up to the top 3 in my next review
@harrysanchez50682 жыл бұрын
Wealth simple has fees for other stocks that are Not canadien
@tr41l3rp4rkb0ys Жыл бұрын
i want to invest with td my current bank but seems too pricey ... i want to use a platform that i can set a drip on certain stocks and etfs ...think ill go with questrade do they have an app ?
@WealthAwesome Жыл бұрын
yes they have an app! you can use set drip on it as well
@JosefA-zzzt5910 ай бұрын
National Bank is free and much better than WS, you can set DRIPS for individual holdings, and their customer service is professional and gets back to you promptly.
@bhagwatsharma6613 Жыл бұрын
hi I am new in Canada. I need a platform for US stock and Index options intraday trading . Thanks, I need a platform with best chart option .
@WealthAwesome Жыл бұрын
Try Questrade or Interactive Brokers
@Pmz6042 жыл бұрын
Curious..Do any of you ever experience lagg on your Questrade Edge live trading platform , especially during executing trades?
@WealthAwesome2 жыл бұрын
Not at all personally
@skoden204 Жыл бұрын
How much bots are in these comments
@farhancpa2 жыл бұрын
You must be kidding. WS IS THE WORST.
@WealthAwesome2 жыл бұрын
Why do you think it's the worst? Would love to hear your opinion on it.
@WJGSix2 жыл бұрын
It's not bad for newbie traders. Day trading is sketchy, but if you swing trade and you're decent at it, you'll make good money. Now that they let you hold US dollars you can save a lot of money in conversion fees for your swing trades. Definitely nice for newbie traders like me, I'm still learning about IBKR cause I think that's the only alternative that 's worth it for canadians.
@tim46092 жыл бұрын
@@WealthAwesome Crickets??
@burtonater2 жыл бұрын
Wealthsimple is Junk status
@satisfactiongamer738510 ай бұрын
💯 % agree complete scammers
@farhancpa2 жыл бұрын
U are getting money to promote these crappy tipoff platforms. National bank is the best for now.
@WealthAwesome2 жыл бұрын
NB is sneaky, they have a 2.5% FX fee exchange rate that's pretty hidden. Plus they have maintenance fees if your account isn't at a certain level. WS is still in my opinion the best for most user cases in Canada.
@xyzok27152 жыл бұрын
Love the work you are donig. And you blogs have such a useful information I would like to connect with you . How can i connect you ?
@WealthAwesome2 жыл бұрын
Check out my blog wealthawesome.com there's my contact info there!