The Much Easier to Use Questrade App Questmobile

Written By Matthew Sookraj

What is Questmobile?

Questmobile is a simplified and intuitive Questrade app that operates similar Wealthsimple. There’s also a new web platform called Questrade Trading. Researching stocks and trades can now be done with only a few clicks.

Top New App Features

  • Learning mode:

    • A mode that can be turned on or off that displays extra information to help you read stock data and understand more about trading.

  • Simplified design:

    • All the activities from researching stocks, viewing account balances and placing trades only take a few button presses.

    • Easy to see stock news/investment articles at a glance. You can choose to show all news or only news about your positions.

    • Transaction history right at the bottom of your screen to know what your latest trades were or how much you deposited.

    • Always available search button in the top right corner to research or buy stock with a few button presses.

  • Easier to track the performance of multiple accounts:

    • Quickly flip between RRSP, TFSA, Margin and other accounts or see the combined performance of all accounts or performance of a single account in seconds.

    • One button flip to see performance over:

      • 15 days

      • 1 month

      • 3 months

      • 6 months

      • 1 year

  • Easy to buy/sell/add to watch list and trade individual stock and see their performance:

    • Click on your existing stock to buy more or sell them.

    • For each stock instantly flip between:

      • All-time total percent gain

      • All-time total amount gain

      • Today’s amount gain

  • Simple to see how much cash you have available to trade.

  • Receive real-time stock and ETF quotes with no market delays.

Questrade Updates

  • The exchange rate between US and Canadian dollars has been lowered from 2% to 1.45%. (You can still hold cash in both US and Canadian dollars in your accounts.)

  • Easy to instantly deposit up to $3,500 using an e-transfer from your bank or most Canadian Visa Debit cards.

  • ETFs are still free to buy.

App Drawbacks

  • Limited to basic functions you can’t buy stock options or puts using Questmobile as of April 10, 2022.

  • It does not separately track your dividend income. I use Wealthica for that.

  • Displayed stocks you own from A-Z in alphabetical order. There is currently no option to display them from highest gains to lowest gains etc.

Questrade Awards

Where do I get the App?

Questmobile is available through both the apple store and android play store. However, if you sign up for Questrade using my link I earn a commission to help me keep writing free helpful financial information. Plus you receive a $50 cash bonus when you open a new account.

Takeaways

Questmobile is an excellent option for any investor who wants an easy-to-navigate mobile trading platform with very little clutter. It’s not good for an advanced day trader looking to make complex trades. Anyone looking to start self-investing should highly consider Questmobile.

If you don’t know how to start investing check out the investing page.

Matthew Sookraj
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