BlogPartner News

Import your Questrade trades into Sharesight

by Angela Thompson, Sharesight

We’re excited to share some great news for Canadian investors! Questrade clients may now easily import their historical trading data into Sharesight – making it easier than ever to set up a Sharesight portfolio and leverage our award-winning performance, dividend tracking, and tax reporting features.

featured - Questrade + Sharesight

Why Questrade?

Canadians have a choice of a dozen or so brokers from whom they can buy and sell shares. So why did we chose Questrade as our first Canadian broker for trade importing? Because as a tech savvy low-cost broker, Questrade aligns with our values of leveraging technology to improve the lives of everyday investors. Here’s a direct quote from their website:

Questrade opened its doors in 1999 on a promise to always do what’s right for investors, because we are investors ourselves. By using technology to bring trading online, we provided all Canadians affordable access to the markets from the comfort of their home. And that was only the beginning. Since then we’ve continued to take a stand for investors in an industry stacked against them. Challenging the status quo. Building products and services people truly need. Ultimately, doing what’s required to create an investment industry we are proud to be a part of.

That sounds an awful lot like the Sharesight story. And like Sharesight, Questrade has a great API which allows investors to access their data across best-of-breed applications of their choosing (more on that below).

Interpreting portfolio performance - featured

Why use Sharesight with Questrade?

  • Get automatic updates – Sharesight adjusts your holdings data with daily price & currency fluctuations and automatically incorporates corporate actions such as dividends and share splits into your portfolio.

  • Understand your true performance – Tracking portfolio performance isn’t easy. Brokerage fees, capital gains, corporate actions and currency fluctuations all factor into your performance. Sharesight’s annualised calculation methodology provides data-driven insights to help you make better investment decisions going forward.

  • Run your own tax reports – With all your portfolio data in one place, and powerful tax reports such as Taxable Income and Canadian Capital Gains Tax, Sharesight provides everything you need to figure out your obligations at tax time – including the ability to securely share portfolio access directly with your accountant or financial advisor.

Importing your historical Questrade trading data

Importing your Questrade trades into Sharesight is easy. All you need to do is sign up for a Free Sharesight account, download your historical trading data from Questrade, and import it into Sharesight using our handy uploader:

laptop - Sharesight - Add holdings : Canada

The best part is that once your trades are loaded, Sharesight will automatically backfill most corporate actions that occurred (such as dividends and share splits). And as outlined above, Sharesight will provide you with a true understanding on how you’ve performed on an annualised basis. Visit our dedicated help page for step-by-step instructions on importing your historical trading data from Questrade.

Tracking ongoing trades

For now, Questrade clients will need to manually add their future share trades. But we’re working on an API integration with Questrade, which will allow future trades to be automatically synchronised to Sharesight.

Visit our Questrade forum thread to share your thoughts on this feature, and for future updates to our Questrade integration.