Questrade again secures top spot as Canada's fastest-growing online brokerage

April 15, 2010 (PRLEAP.COM) Business News
Toronto, ON (April 15, 2010) Questrade was again ranked in the number one position for growth of assets and trade volume by the Investor Economics' Retail Brokerage Report in 2009. This marks the second year that Questrade earned the top spot.

Edward Kholodenko, President and CEO of Questrade said: "Questrade promotes low costs, innovation and service – which are the features that Canadians want. The rest of the industry, on the other hand, is becoming more complacent in the services they offer and the fees they charge."

Investor Economics ranked Questrade as the #1 for growth in two key areas. The first number one position is in growth of assets. For this category, out of the last eight quarters, Questrade has earned the top spot for growth six times; with two instances of earning the 2nd spot. The second number one position is growth of trade volume. Questrade has steadily moved up the rankings and in the most recent quarter, earned the #1 ranking for growth year-over-year comparing 2008 to 2009.

"Growth was enormous in all areas," continues Kholodenko. "New clients opening their first trading accounts; clients opening second and third accounts as they consolidate their portfolios; people transferring in from other brokerages. We saw new accounts from all corners of the country and across a spectrum of account sizes and trading activity. Questrade's mission, to offer the best pricing and services to all Canadians, is clearly something that resonates in the marketplace."

Investor Economics' Retail Brokerage Report includes data from the top eleven online brokerages in Canada, including the brokerage divisions of all major Canadian banks. Questrade Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). The CIPF provides coverage to Questrade clients for up to CAD $1 million per account.

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 as well as forex trading. Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada's fastest-growing online brokerage. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.

For more information, please contact:
Lynn Suderman
Manager, Communications
lsuderman@questrade.com
Tel: 416.227.9876 x371