I am a Canadian customer of Questrade, how do I buy stocks on Questrade?

Questions & AnswersCategory: QuestradeI am a Canadian customer of Questrade, how do I buy stocks on Questrade?
Claire asked 2 years ago
Hi everyone, some of my friends are trading stocks on Questrade and I would like to do it too, but I do not know where to start. Do I need a Questrade account? Is there any fee to pay to start trading? Thanks!

1 Answers
admin Staff answered 2 years ago
Hi Robert, To start trading stocks on Questreade, you need to follow these two simple steps: first, you need to open an account with the company and then click the “Buy” button next to any stock you would like to purchase. Next, you need to enter the number of shares and your order will be processed. In detail:

  1. The first step is to open an account with Questrade. You can do this either on their website or by calling their customer service line.
    Once you have opened your account, you will be given a username and password.
    Be sure to keep these details safe, as you will need them to log in to your account in the future.
    The company will also ask you for your Social Insurance Number (SIN), date of birth, and other personal information. This is to verify that you are who you say you are when it comes time to withdraw or transfer out funds from your account in the future. You can find this info on your social insurance card if needed.
    Once you have registered for an account and fill out all of your information, the next step is to fund it. Questrade offers a few different options for funding your account: you can use a debit card, credit card, or bank transfer.
    If you choose to use a debit or credit card, be sure to have your card in hand before you log into the account. Once logged, click on “trade” and select “Add Funds to Existing Account” from the drop-down menu. If you want to use an existing credit or debit card, enter it here; otherwise, choose a new one from this screen as well.
  2. After your account is funded, it’s time to buy some stocks. To do this, you must first click on “Trade” in the top right-hand corner of Questrade’s website. This will bring up a list of all potential trades you can make based on what type of investment accounts are registered with your user ID.
    To buy any stock, click on “Buy” next to that company’s name. This will take you to a page where you can select how many shares or what quantity of stocks you would like to buy. You cannot purchase partial stock quantities through Questrade, so be sure not to mix up this step! Once you have filled out all required information, hit submit, and your order will be placed.
    Congratulations – you are now a stock owner! Be sure to keep an eye on your account and the market as a whole to see how your investment is doing. If you have any questions or concerns along the way, Questrade’s customer service team is ready to help you.

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