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Canadian Broker Questrade Adds CFD Trading

Apr 30 2013
By
Forexbrokerz.com

The Canadian broker Questrade has just expanded its trading instruments offering by adding contracts for differences (CFDs). While the change has been live for a couple of weeks now, the official announcement just came in. 

 
As you probably know, CFDs are a derivative trading instruments, by trading which you can profit from price movements on financial instruments such as stocks, bonds, currencies and indices. In fact, CFD trading is so popular that some brokers choose to create designated platforms designed specifically for trading contracts for differences – Forex.com's TRADE being one such example. 
 
What makes CFDs a preferred instrument to trade is the fact that you can make money when the price goes both up, and down – while avoiding the costs associated with actually owning the underlying asset that you are trading. What's more, CFDs are a leveraged product, which can give you a lot more flexibility when trading – but you should keep in mind that it can magnify the risk as well, so leverage should be approached cautiously.
 
Another thing you should be aware of is the fact that in Canada jurisdiction varies from province to province, and CFD trading is prohibited in some parts of the country. If you believe that this is something you would be interested in, we advise you to check with your local legislation and/or with your broker.
 
But back to Questrade. Edward Kholodenko, President and CEO of Questrade, made the following comment on the news: "CFDs present our clients with an opportunity to trade in a wide variety of markets and instruments including indices, metals, energy and agriculture.  This enables traders to diversify their trading portfolio."
 
"Part of the attraction of CFDs is the speed at which the markets can move. Therefore Questrade provides CFD traders with a completely integrated end-to-end mobile trading experience, full account monitoring and risk management, one click dealing and alerts sent as push notifications. These are the tools traders demand and we deliver," Kholodenko added.
 
Questrade is not the first company to introduce CFDs to the Canadian trading market – just a couple of months Oanda, a major global broker operating out of Toronto, launched CFD trading for its Canadian customers as well. 
 
 

About Questrade

 
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms, as well as forex and CFD trading. Since 1999, the company has led the industry in delivering outstanding service, exclusive products and services, and competitive pricing. This commitment to innovation has appealed to independent investors, and for the past two years, the company has ranked as Canada's fastest growing online brokerage. For two years, Questrade also earned the designation as one of Canada's Best Managed Companies.
TAGS: questrade  forex trading  forex  forex broker  contract for difference  CFD  Oanda 

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