Questrade’s 4% Cash Back Offer

FIRECracker and I have been using Questrade as our brokerage for many years now and for most of that time, it’s been the undisputed king of the Canadian discount brokerage market. That being said, we’ve also watched the rise of upstart Toronto-based fintech WealthSimple with much interest. They started off as a slick robo-advisor platform and have since branched out to tax software, crypto, and now DIY investing. This expansion has been driven by two strategies: Aggressive cutting of trading commissions/fees on their self-directed investing platform and generous transfer offers to entice people over to come over to their platform. […]

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