I now have a working Questrade account.
Setting up my Questrade account was relatively easy and trouble free. There are basically 3 easy steps:
1. Fill in the online forms and print the acceptance agreement afterwards.
2. Send the following item to Questrade
-Signed acceptance agreements
-$5 personal cheque (deposited to your account once it’s approved)
-Photocopy of both sides of your drivers license
3. Fund your account. You need to deposit at least $2500 before your account can be activated (I did bill payment from my bank account – it took about 2 business days to get from big bank to Questrade)
After all 3 steps have been completed they will send you your trading account username which works with the password you setup in step 1. I haven’t used it yet but I can now trade for $0.01 a share.