Questrade #

• Questrade is an online brokerage firm and wealth management firm based in Canada.
• Questrade has expanded to include robo-advising with its Questwealth Portfolios which invests in portfolios based on ETFs.

Qtrade.ca #

• Credential Qtrade Securities Inc. , operating as Qtrade, is a stockbrokerage firm based in Vancouver, Canada.
• It runs the online investment platform Qtrade Direct Investing and robo-advising service VirtualWealth.
• They are members of Investment Industry Regulatory Organization of Canada (IIROC)
• The Canadian Investor Protection Fund (CIPF) protects investors if the brokerage become insolvent.

RBC Direct Investing #

RBC Direct Investing is the brokerage division of the Royal Bank of Canada.

CI Direct Trading #

CI Direct Trading (formerly Virtual Brokers)

• CI Direct Trading, a division of CI Investment Services Inc.

• CI Direct Trading’s parent company CI Investment Services Inc. is a subsidiary of investment management firm CI Financial.

• Financial instruments: stocks, bonds, options, exchange-traded fund (ETF) and mutual funds.

• Trade orders performed are executed by parent company broker-dealer CI Investment Services Inc.

• It is registered in all provinces and territories of Canada, and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

Voleo #

Voleo Inc.

• Voleo enables users to form investment clubs with people they trust to democratically manage a portfolio in publicly traded securities.

• Voleo is a publicly held company, trading on the TSX Venture Exchange under the ticker TRAD (TSX:V TRAD).

• In March 2017, Voleo announced the completion of US State registrations for its subsidiary Voleo USA.

• In December 2018, OP Financial Group announced it would be piloting the white-label Voleo platform in Europe as part of the OP WealthTech Partnership Program.

• Products

  • Voleo is a mobile and web app that enables users to form, fund, and manage real money investment club partnerships.

    • The Voleo app allows users to create clubs with 3-100 people, propose, discuss, and vote on trades.

  • Voleo Simutrader is a paper money trading app for investment clubs, available internationally.

    • The Voleo SimuTrader App allows users to form investment clubs, propose trades, discuss and vote, track performance, and manage decisions in an entirely simulated environment.

  • Both Voleo apps track decisions made by club members and assigns a score to each member, known as a Definitive Return on Investment Decisions (DROID) score.

  • All customer accounts and assets are held by APEX Clearing Corporation, who are the fully disclosed carrying broker of introducing broker Voleo USA, Inc.

Wealthsimple #

Wealthsimple Inc.

• Products and services
  • Trading
    • Wealthsimple Trade allows to buy and sell various individual stocks and exchange-traded funds (ETFs) on major Canadian and U.S. exchanges.
    • It offers a stock and ETF trading account with zero-commission fees in the U.S. and Canada.
    • Wealthsimple Crypto is the company’s platform for buying and selling several cryptocurrencies,
  • Invest
    • Wealthsimple Invest is the company’s automated investing service, which manages users’ investments via a personalized portfolio of low-fee exchange-traded funds.
  • Wealthsimple combines a robo-advisor platform with access to online live advisors.
  • There is no account minimum required and no charge per transaction.
  • An annual fee is charged ranging from 0.4% to 0.5% based on account size.
  • In September 2018, the company started offering a micro-investing service called Roundup, which automatically rounds up purchases and invests the extra change into one’s Wealthsimple investment account.
  • Cash
    • Wealthsimple Save, a high-interest savings account.
    • Wealthsimple Cash, a peer-to-peer cash transfer platform.
  • Tax
    • Wealthsimple Tax (formerly SimpleTax) is an all-in-one tax preparation and filing platform.
    • In September 2019, Wealthsimple acquired SimpleTax, a Canadian tax software company originally launched in 2012.