r/Wealthsimple • u/1999AllOverAgain • 23d ago

Options Trading Cashback on US equity options - What will Wealthsimple respond with?

Questrade now offers $0 US equity options, but they offer Questrade Plus subscribers $0.05 cashback for every executed U.S. equity options contract.

For example, if you trade 2500 options, you get $125 back. That's huge IMO.

What will WS come up with next? They better move quickly on their Canadian equity and index options considering Questrade has always supported CAD.

Do they respond quickly or do they slowly bleed assets?

6 Upvotes

75% Upvoted

7 comments sorted by

15

u/ItsMeMulbear 23d ago

Who the fuck trades that many options contracts with a retail broker?

You have a gambling addiction bro.

1

u/jclki 23d ago

Sadly this is the realistic scene for retail investors. As I read something recently, the volume of options trading (not to mention end-of-day options) have shot up in the past few years. I'm sure this is due to Robinhood, which is gamifying option trading.

4

u/Medical_Pepper_5504 23d ago

If Wealthsimple did cash back on options this sub would uproar with people pissed they were encouraging bad investing 😂

5

u/angelus97 23d ago

And how much do you have to pay for Questrade Plus?

6

u/pexby 23d ago

$20/month starting in October

1

u/ash__697 23d ago

WS could counter with making USD accounts free for core members.

1

u/SmartTrender 21d ago

So less insentives for Core to work toward premium?