Questwealth Referral Code (Sep 2022): $50 Signup Bonus

How To Use Questwealth’s Referral Code 

Questwealth has a referral program in place for new Questwealth clients. By using the promo code YOREOYSTER you can enjoy up to $300 in bonuses, including

• $50 bonus upon account creation.
• $99 Free Unlimited Passiv Elite membership.
• $150 transfer fee rebate, if you’re moving in from another online brokerage.

To use the promo code:

• Visit Questrade’s page. Click on the Open An Account button.
• Select the type of account (important: this is where you use the referral code/offer code: YOREOYSTER. You CAN NOT use the code after you create your account – you will miss out on the benefits).
• Complete the signing-up process and fund your account – the minimum is $1,000.
• After you’ve funded the minimum amount of $1,000, your account will be created and you will receive the benefits. You will also receive your own referral code, which you can share with your friends. You can find your referral code or Qpass in the Refer a friend menu.

We outline the whole process step-by-step in the How To Sign Up For Questwealth section.

What Is Questwealth Portfolio?

Questwealth Portfolios is a fully digital brokerage and robo advisor offered by the Canadian online broker Questrade. This brokerage was founded back in 1999 and went from being a discount brokerage to being one of the country’s biggest brokerage firms. In 2018, their robo advisor Portfolio IQ was renamed Questwealth Portfolios.

Robo advisors are computer algorithms; you feed them information about your current and past financial situation, your risk tolerance, and your long-term goals. Questwealth takes that information and builds a personalized financial plan, specially tailored with your goals in mind. It usually invests in exchange-traded funds and mutual funds, and it takes care of all the investing for you.

Like many other big bank robo advisors, Questwealth is covered by the CDIF (Canadian Investor Fund) along with the IIROC (Investment Industry Regulatory Organization of Canada). 

Questwealth Portfolio Fees

• $1,000 Minimum Account Balance. 
• 0.25% Management Fee (0.20% if balance is over $100,000). If you use the referral link or the referral code YOREOYSTER, you won’t have to pay management fees for your first year.
• Free account, no account opening fees.
• No trading fees.
• No electronic transfer fees.

How To Sign Up With Questwealth

#1 Visit Questrade’s page. Click on the Open An Account button.

#2 Select the Questwealth Portfolio account. (important: you have to use the referral code (offer code) YOREOYSTER in this step. You will not be able to use it after you create your account, and you will miss out on the benefits).

#3 Before Questwealth starts investing for you, you have to answer a short 13-questions questionnaire. This will help the robo advisor get a feel for your long-term goals, your risk tolerance, and your investment knowledge.

#4 Questwealth will assign you a portfolio – you also have the option to make it a Socially Responsible Investment (SRI) portfolio.

#5 The last step is to fund your account. The minimum deposit is $1,000. If you used the referral code you will receive an additional $50.

Questwealth’s Referral Program

After funding your Questwealth account, you can start inviting family, friends, or your social media audience. For every person that opens an account, you get $25, and after every third successful referral, you get an additional $50. Your referees also receive a bonus based on how much they deposit in their first three months:

Is Questwealth Safe & Legit?

Yes. Questrade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). Your investment in Questrade is insured up to $10 million per account.

Introducing CoinSmart: Canada’s #1 Crypto Platform

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I recently broke down 10+ of Canada’s most popular crypto platforms, and CoinSmart came out on top. It scored so well because it excels on what I believe are the three most important factors when choosing a crypto platform: fees, security, and customer support.

Here’s how CoinSmart performs in each of those areas, and why I believe it's the best crypto trading platform in Canada. And to get your $50 signup bonus with CoinSmart, use this signup link and the special promo code YOREOYSTER.

#1 Lowest Fees In The Industry

CoinSmart’s trading fees are just 0.20%, the lowest of any crypto platform in Canada. And those savings add up quickly: if you trade $100,000 worth of Bitcoin in a given year (buying and selling $25,000 worth twice), you’ll save $800 in trading fees compared to a platform that charges 1% ($200 vs. $1,000).

Perhaps more important than trading fees, though, are spreads: the difference between the Buy price and the Sell price. CoinSmart has razor-thin spreads, which makes day trading possible and keeps more money in your pocket.

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CoinSmart maintains a 95% cold storage policy, which means at least 95% of its users’ crypto is always held offline. This is a security measure that only the most advanced trading platforms employ, and CoinSmart is leading the charge.

CoinSmart is also the only publicly traded crypto platform in Canada, which means it’s subject to far more financial scrutiny than any other platform. It’s regulated by FINTRAC (the Financial Transactions and Report Analysis Centre of Canada) and the OSC (Ontario Securities Commission), it's an official member of the anti-money laundering group TRUST, and its financials are audited by external professionals at least once per year.

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CoinSmart offers 24/7 customer support via phone, live chat, and email, and their customer service reps are actually helpful rather than just following a script. I’ve never had to wait more than about 60 seconds on hold, and they’re very responsive via live chat and email, too. 

The only time I ran into an issue with CoinSmart, I called them and had it sorted out within 5 minutes. Keep in mind that telephone and live chat support is only available for registered users, so if you have a question for CoinSmart, the best way to get it answered is to open an account. 

Conclusion

Questwealth Portfolio is a robo advisor and part of Questrade, a Canadian brokerage platform, available for Canadian residents only. No matter if you are an experienced trader or just a beginner, Questwealth Portfolio is an excellent way for Canadians to start investing safely, by providing a diversified portfolio that fits their needs.
Questwealth Portfolio has an attractive referral program: by using the code: YOREOYSTER you will receive a $50 sign-up bonus, a lifetime subscription to Passiv Elite when using Questrade, and a $150 fee rebate if you’re moving from another online brokerage platform. After you sign-up you will receive your own referral code.

Other Signup Bonuses

• CoinSmart – $50 after depositing $200
• Bitbuy – $50 after depositing $250
• VirgoCX – $30 after depositing $100