u/RevolutionaryTrick17

I am a big WealthSimple and Questrade fan but these firms charge an eye gauging $250 and $300 respectively for the DRS Advice statement, compared to $50 or $100 from the major banks, and under $10 from IBKR.

What is a DRS Advice statement? It allows you to move shares/units of stocks and some ETFs (e.g. XIC) to direct registration. The shares will be registered in your name, you will be a shareholder of record. You can then buy for free, true DRIP fractional shares, usually get onto an automatic share purchase plan, sometimes purchase more shares at discount to market prices (e.g. 2% discount).

Obviously, a direct threat to cost-saving value that Questrade and WealthSimple offer.