TipRanks Partners with Questrade to Help Canadians Make Informed Investment Decisions
TEL AVIV, Israel, June 22, 2021 / PRNewswire / – TipRanks, the developer of the world’s leading financial accountability engine, has partnered with Questrade, from Canada fastest growing online brokerage, with the goal of equipping Questrade’s clients with the tools to evaluate individual stocks and make informed investment decisions. From June 4, the data-driven tool from TipRanks has been integrated into the Questrade and IQ Edge web platforms at no additional cost to users. TipRanks data will cover both US and Canadian companies, significantly expanding the research offering available to all Questrade clients.
According to to a study According to the Ontario Securities Commission, nearly half of Canadian investors had not bought or sold any investments during the pandemic. Volatility and uncertainties led them to become passive investors during this time. Despite the effects of the pandemic for over a year, nearly 70 percent of Canadians admit to having difficulty knowing what to do when it comes to their investments in today’s environment. This places Canadian investors and traders in need of data to help them make more informed investment decisions with confidence in the post-pandemic world.
The TipRanks ™ Financial Responsibility Engine gives investors and traders all the information they need to determine who to trust and make informed investment decisions. The company has used machine learning and natural language processing algorithms to see the track record and measured performance of any stock analyst, blogger, hedge fund, or business insider since January 2009.
Through their new partnership, Questrade clients will have access to TipRanks’ interactive stock research capabilities, including the Smart scoring tool, which rates stocks on a scale of one to ten based on eight unique market factors. Additional tools include analyst consensus; odds and price targets; and feelings for stocks in the United States and Canada that are the subject of research. Over the next few months, the brokerage will be implementing a more comprehensive suite of tools from TipRanks on its platforms.
Questrade is the leading brokerage house in Canada offer the award-winning TipRanks stock market score directly to its clients; and it joins other major global financial institutions that have integrated TipRanks products. These include TD Bank, NASDAQ, TD Ameritrade, Saxo Bank, Interactive Brokers, Santander, E * Trade, eToro, and others.
“We are delighted to partner with Questrade in their mission of empowering investors,” says Uri Gruenbaum, CEO, TipRanks. “Our ability to simplify research tools at the institutional level is a game-changer. We’re leveling the playing field by giving retail investors access to visualized and intuitive research tools that help them make better, data-driven decisions.
“Our mission is to empower and educate Canadians on their journey to financial independence by investing in informative and interactive tools like TipRanks,” said Edward Kholodenko, President and CEO, Questrade. “Through this partnership, we provide powerful research capabilities to investors and will also be the premier brokerage in Canada to offer the TipRanks Smart Score – an award-winning scoring system that helps identify high potential stocks – directly to our clients. Helping them invest with confidence and be successful is our ultimate goal. “
TipRanks is a leading fintech company founded in 2012 with the aim of bringing transparency to the markets. TipRanks has developed the world’s first financial accountability engine that tracks and measures events, including analyst ratings, social media activity, corporate records, and news analysis. TipRanks owns and operates www.tipranks.com/ Serving over 2 million investors and providing proprietary data sets to top tier banks and online brokers.
TipRanks is backed by top VCs and industry leaders including former NY AG and Governor Eliot Spitzer, finance professor Roni Michaely, Poalim Capital Markets, PryTek and others. TipRanks has been named one of the 50 “Emerging Stars” of FinTech in the world by KPMG and H2 Ventures.
Questrade is from Canada Fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees while providing a viable alternative to traditional financial investment options, allowing Canadians to keep more their money. As a leader and innovator in financial services, Questrade is a trusted ally who advocates for consumers, focused on improving value. With 21 years of questioning the status quo as from Canada leader in non-banking online brokerage, on $ 25 billion in assets under management and more than 200,000 accounts opened each year, Questrade and its companies offer financial products and services: securities and investments in foreign currencies. Questrade was named one of the from Canada Best Managed Companies for the tenth consecutive year achieving Platinum status. For more information visit www.questrade.com or on Facebook and Twitter @Questrade. Questrade, Inc. is a registered investment dealer, member of the Securities Industry Regulator of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF).
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