Is Questrade safe?
Questrade is just as secure as any other brokerage. It is an approved investment dealer and is affiliated with the Investment Industry Regulatory Organization of Canada (IIROC). Furthermore, Questrade is a participant in the Canadian Investor Protection Fund (CIPF), which is a nonprofit insurance program. These regulatory bodies in Canada oversee and enforce strict standards within the investment industry, ensuring that Questrade operates within the required guidelines.
MIN DEPOSIT: $1000
Are online trading platforms safe?
Online trading platforms are generally considered safe, and in many cases, they offer even greater security than traditional investment firms. This is due to the implementation of advanced security protocols that safeguard your personal data. However, it's important to be aware of potential risks such as fraud or hacking, as is the case with any online activity. By selecting a trustworthy platform and employing protective measures like creating a strong password, you can ensure a secure and protected trading experience.