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Email this10:03 am
November 8, 2021
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Email received today from Alterna Savings.
Checked out Qtrade website and saw the posted promo.
Dear Client,
Wouldn’t it be nice to get be rewarded for growing your nest egg? Right now, you can get up to $5,000 cash back when you invest in a new online brokerage account. And the more you invest, the more cash back you’ll get as a reward.
We’ve partnered with Qtrade Direct Investing™ to help you get a leg up on your investments. You already know the importance of investing for your future, and the benefits of tax-sheltering your investment income and growth in a registered retirement savings plan (RRSP) or tax-free savings account (TFSA). Make the most of it on this year’s investment – and put some extra cash in your pocket.
To qualify* for this offer, all you need to do is:
• Open a new Qtrade account by March 1, 2022 using the promo code "CASHBACK22"
• Deposit or transfer in a minimum of $5,000 (cash or assets) by March 31, 2022
• Keep the assets in your Qtrade account from April 1 to September 30, 2022
10:16 am
April 6, 2013
Offline
This is from the fine print:
| Offer Code | New Funds | Cash Bonus |
|---|---|---|
|
Cash Bonus
|
$5,000 - $14,999 | $100 |
| $15,000 - $49,999 | $150 | |
| $50,000 - $99,999 | $250 | |
| $100,000 - $249,999 | $500 | |
| $250,000 - $499,999 | $700 | |
| $500,000 - $999,999 | $1,000 | |
| $1,000,000 - $1,999,999 | $2,000 | |
| $2,000,000+ | $5,000 |
10:59 am
March 15, 2019
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Question 1: Who/what is QTrade? Are they safe?
Question2: Why did QTrade felt the need to bump up the cash reward from the initial $2,000 to $5,000?
10:35 pm
February 4, 2017
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COIN said
Question 1: Who/what is QTrade? Are they safe?Question2: Why did QTrade felt the need to bump up the cash reward from the initial $2,000 to $5,000?
Safe enough I guess. Banks and credit unions love signing up the naive. Keep in mind you take all the risk. It's not their money and they make good coin managing your portfolio. If your bank is involved they also get a piece of the pie. I was with these guys for 2 or 3 years. All I made was bank interest. Live and learn.
8:57 am
February 14, 2023
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For a limited time, unlock up to 5% cash back on deposits and transfers*
There's no better time than now to enhance your investment portfolio. Get $250 when you open a new Qtrade Direct Investing® account using the promo code SUMMERCASH24, and deposit at least $5,000 – that's equal to 5% cash back!
Open an account
How to claim your cash back:
Use the promocode SUMMERCASH24 to open a new Qtrade Direct Investing account.
Transfer or deposit at least $5,000 in net new funds into the account by December 31, 2024. You’ll get your reward based on the total funds deposited, so you don't need to add them all at once. Challenge yourself to save and see how much of a reward you can get!
Hold your funds in the account until April 30, 2025.
Receive your cashback on or around May 31, 2025.
6:34 am
March 15, 2019
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kesa said
For a limited time, unlock up to 5% cash back on deposits and transfers*
There's no better time than now to enhance your investment portfolio. Get $250 when you open a new Qtrade Direct Investing® account using the promo code SUMMERCASH24, and deposit at least $5,000 – that's equal to 5% cash back!
Open an account
How to claim your cash back:
Use the promocode SUMMERCASH24 to open a new Qtrade Direct Investing account.
Transfer or deposit at least $5,000 in net new funds into the account by December 31, 2024. You’ll get your reward based on the total funds deposited, so you don't need to add them all at once. Challenge yourself to save and see how much of a reward you can get!
Hold your funds in the account until April 30, 2025.
Receive your cashback on or around May 31, 2025.
Is the QTrade offer only for NEW accounts?
9:35 am
October 21, 2018
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Yes.
7:31 am
March 15, 2019
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I had an account with them a few years. When I decided to transfer my portfolio, Qtrade charged me an "exit fee".
Is an "exit fee" even legal?
7:46 am
April 6, 2013
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Yes, account transfer out fees are legal.
Qtrade currently charges $150 per transfer. Scotia iTRADE and BMO InvestorLine also charge $150/transfer.
8:23 am
August 4, 2010
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Aside from Wealthsimple, which still doesn't charge transfer fees, I think all brokerages have the $150 transfer-out fee (perhaps some odd/small ones like IB are different). Note also that there will be GST/HST tax on that amount.
TDDI has claimed in the past that there will be separate transfer fees for both the CAD and USD sides of an account type. They didn't actually seem to charge the US sides when I transferred to Wealthsimple last fall, but for people with USD subaccounts it would be something to check into.
If you are transferring out an account that doesn't have sufficient cash for the transfer fee, you should check with the relinquishing (and perhaps the receiving) broker as to how that is handled. One of my TDDI accounts was like this, and Wealthsimple in essence paid the fee and then put my new balance there negative (it was eventually going to be reimbursed). At WS, the negative balance on the USD side prevented trades on the CAD side until I got that cleared up.
5:23 am
August 20, 2019
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1. I strongly suggest the need to confirm your promo code (SUMMERCASH2024) for this offer. I encountered some problems opening account.
2. I thought there was a thread just for this promo but could not find it. So a great big thank you for those mentioning this offer. Thank you.
Please write your comments in the forum.