Self directed investment accounts - What is insured coverage amount?
Questrade insures up to $10 million if Questrade goes out of business. Is TD insured amount only $100,000? Does this mean if someone has $1,000,000 in their TD account, and TD goes out of business, all that money is gone?
Questrade
Are all self-directed accounts insured?
Yes, all self-directed accounts are insured up to $10 million.
Are all managed accounts insured?
Yes, all managed accounts are insured up to $10 million
What does the insurance cover?
This insurance covers you in case Questrade goes out of business.
https://www.questrade.com/about-us/who- ... protection
TD Canada
Coverage is free and automatic; customers do not have to apply for it. If a member institution failed, CDIC would reimburse insured deposits (including interest) up to $100,000 per insured category.
https://www.tdcanadatrust.com/products- ... /index.jsp
Questrade
Are all self-directed accounts insured?
Yes, all self-directed accounts are insured up to $10 million.
Are all managed accounts insured?
Yes, all managed accounts are insured up to $10 million
What does the insurance cover?
This insurance covers you in case Questrade goes out of business.
https://www.questrade.com/about-us/who- ... protection
TD Canada
Coverage is free and automatic; customers do not have to apply for it. If a member institution failed, CDIC would reimburse insured deposits (including interest) up to $100,000 per insured category.
https://www.tdcanadatrust.com/products- ... /index.jsp
