WikiFX

Sagot

Based on my experience as a forex trader and after closely evaluating Questrade’s offering, I can confirm that trading individual assets like precious metals is possible with them. Questrade explicitly lists precious metals as part of its tradable products, which includes gold (XAU/USD). As a trader, this matters because having direct access to gold provides more flexibility in diversifying portfolios or hedging currency exposure, and it allows for more tailored risk management, which I consider essential in any long-term strategy. However, regarding crude oil, there's a nuance to highlight. While Questrade allows trading of precious metals as specific assets, the available information does not clearly state whether individual commodities like crude oil are offered directly in spot or CFD formats. They do provide broad CFD access, and sometimes brokers include energy commodities within that product category, but without explicit confirmation of crude oil (like USOIL or Brent) as a standalone instrument, I would not assume its availability without directly verifying on their trading platform or through support. It’s important not to overlook fees as well. Trading precious metals at Questrade does come with a minimum fee of $19.95 USD per trade, which is higher than for many other asset classes. This factor can impact trade frequency and profitability, especially for smaller positions. For gold, this fee structure makes it less suitable for high-frequency trading, so I would only consider it for carefully selected setups or strategic allocation. Overall, I appreciate Questrade’s regulated environment and the breadth of assets, but if direct crude oil trading is crucial for your strategy, I recommend confirming its specific availability before committing capital. Cautious review of product lists and fee schedules remains essential to avoid surprises.