I am--I frequently get dinged with "removing liquidity" fees even though I'm not removing liquidity.
(For those who don't know... one "removes liquidity" when one does a market order. One can avoid "removing liquidity" by doing a limit order).
Do you people think this might be some kind of fraudulent practice by Questrade to get more revenue? I seem to be getting dinged on about 10-20% of my trades. If you extrapolate that same figure (ie. 10-20%) over Questrade's whole client base, that would be a pretty nice revenue stream for them...
I think I'm gonna call the IIROC tomorrow, to see if they can put an end to this b.s.
...So, is anyone else experiencing this?
(For those who don't know... one "removes liquidity" when one does a market order. One can avoid "removing liquidity" by doing a limit order).
Do you people think this might be some kind of fraudulent practice by Questrade to get more revenue? I seem to be getting dinged on about 10-20% of my trades. If you extrapolate that same figure (ie. 10-20%) over Questrade's whole client base, that would be a pretty nice revenue stream for them...
I think I'm gonna call the IIROC tomorrow, to see if they can put an end to this b.s.
...So, is anyone else experiencing this?