Press release
Questrade Introduces $4.95 Per Trade - Canada's Premiere Online Broker Sets New Pricing Standard
Toronto, ON (October 2, 2006) – Questrade Inc. today announced a new pricing structure for trades on all U.S. and Canadian equities. Effective October 1, 2006, clients have the option of paying $4.95 per trade up to 495 shares and $0.01 thereafter, or a flat rate of $9.95 per trade.“Questrade has been shaking up Canada’s brokerage industry since its inception,” says Edward Kholodenko, President and CEO of Questrade Inc. “We intend to lead the industry in all key areas, not just on price. Our client service record is exceptional and we are constantly expanding and enhancing our product offerings. That is why our client base has been growing exponentially every year.”
The innovative pricing structure will be rolled out in conjunction with reduced data fees on Questrade’s trading platforms as well as the elimination of RRSP and inactivity fees, offering investors additional avenues for reducing costs. Questrade will simultaneously launch a faster and more intuitive version of its client services portal, myQuestrade, as part of its ongoing commitment to provide reliable, efficient account management.
For more information, please contact:
Gary Miskin
Vice President, Business Development
gmiskin@questrade.com
416.227.9876, 1.888.783.7866
To learn more about Questrade visit www.Questrade.com.
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading to the U.S. and Canadian stock and options markets as well as forex trading. Since its inception in 1999, Questrade has demonstrated its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.
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