Questrade rolls out new mobile trading application

Maria Nikolova

The Questrade Mobile application allows traders to place stock and options trades in real time, as well as withdraw funds and view account details.

Canadian brokerage Questrade has been promising its clients a new mobile application at least since the summer of 2016 and the promises have finally materialized into a particular product this week. The Questrade Mobile application is now available on the iTunes store for owners of iOS-powered devices and on Google Play for owners of Android-based gadgets.

The Questrade Mobile app lets clients of the broker to place both stock and option trades in real time, as well as keep an eye on their investment details. They are also able to withdraw funds or transfer between Questrade accounts. The application also enables users to manage their account details.

There are just a handful of reviews of the application, which is normal for a solution whose first version has just been released. Some users complain about the application being a bit sluggish but overall the reviews are positive, especially with regards to the design of the solution.

The launch of the new mobile app by Questrade makes perfect business sense, if a broker wants to target contemporary traders who need to keep an eye on the market developments, monitor their investments and trade on the go.

Moreover, other companies that actively target Canadian traders, such as Interactive Brokers, regularly update their mobile applications. In fact, Questrade faces tough competition in this respect – Interactive Brokers’ solution offers traders to make use of an artificial intelligence (AI) solution, the IBot, that responds to queries and even supports voice recognition.

On a global scale, the online trading companies that invest in the development of mobile applications are numerous. A notable example is Swissquote, which has been pushing the boundaries of mobile fintech – in June 2015, Swissquote became the first Swiss bank to roll out an application for Apple Watch. The most recent Swissquote push into the world of mobile fintech concerns virtual reality. In February this year, the company launched a new virtual reality trading application.

Read this next

Retail FX

From Backtesting to Arbitrage: Practical Applications of AI in the World of Retail Trading

In this article, the industry leaders delve into the transformative role of AI in trading.

Digital Assets

FTX claim value soars to 92%, creditor sued for reneging on $58M deal

Attestor Capital, a London-based investment firm holding significant FTX bankruptcy claims, has initiated legal action against a Panamanian company called Lemma Technologies.

Digital Assets

OKX to remove Tether trading pairs ahead of MiCA

OKX, the world’s fourth-largest cryptocurrency exchange by trading volume, is discontinuing support for tether (USDT) trading pairs in the European Economic Area (EEA).

Digital Assets

Changpeng Zhao is back with new project post-Binance era

Changpeng Zhao, the founder and former CEO of Binance, hinted at a new educational project on Monday.

Digital Assets

IcomTech owners convicted in crypto Ponzi scheme

A New York jury has found David Brend and Gustavo Rodriguez, former promoters of the crypto mining and trading company IcomTech, guilty of wire fraud conspiracy.

Fundamental Analysis

Global FX Market Summary: USD, Gold, FOMC, March 18th ,2024

Central banks take center stage this week with the FOMC meeting being the most anticipated as its decisions could impact currencies and gold prices.

Technical Analysis

EURUSD Technical Analysis Report 18 March, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0850 (former minor resistance from the end of February).

Executive Moves

NAGA founder Ben Bilski steps down following Capex.com acquisition

Ben Bilski, German tech entrepreneur and founder of NAGA Group, has parted ways with the company, stepping down from his executive role as Chief Information Officer.

Fintech

Barchart integrates Bid, Offer, and Hedge management into cmdtyView

Streamlining operations for commodity merchandisers, traders, brokers, and analysts, the integrated Bid, Offer, and Hedge management within cmdtyView, Barchart further positions its trading platform as a central hub.

<