Questrade

Questrade

4.8/5

$50 bonus when you open and fund any self-directed account with a minimum of $250 OR $50 cash bonus deposited into your trading account after you open and fund an Forex & CFD account with a minimum of $250 OR Get your first $10,000 managed free for a year after you open and fund a QWP account with a minimum of $250.

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Questrade

Questrade

OPEN ACCOUNT

Zero commission trades are here + EXCLUSIVE $50 bonus (terms apply)

Our Rating


4.8/5

Institution


Questrade

Welcome Offer


  • Self-directed accounts: Earn a $50 bonus when you open and fund any self-directed account with a minimum of $250.
  • Questwealth Portfolio: Get your first $10,000 managed free for a year after you open and fund a QWP account with a minimum of $250.
  • FX/CFD: Earn a $50 cash bonus deposited into your trading account after you open and fund an Forex & CFD account with a minimum of $250.

Rates and Fees



Description

Fees

Self-directed Investing

Take matters into your own hands. Build your own investment portfolio with a self-directed account and save on fees. Make your money work harder.

$0

Questwealth Portfolios

The easy way to invest. Intelligent, lower fee portfolios designed by experts to help you achieve your financial
goals faster.

0.25% (0.20% after $100,000)

Features & Description


šŸ”¹ Self-Directed Investing


Questrade is one of Canada's top online brokerages. As of 2025, it offers $0 commissions for all Canadian and U.S. stock and ETF trades. It also introduced real-time fractional share trading, making it more accessible to investors with smaller portfolios.


Key Features:

  • $0 stock and ETF trades (with minor ECN fees on some trades)
  • $0.99 options trades
  • Advanced platforms: Questrade Edge (desktop/web), mobile app
  • All major accounts: TFSA, RRSP, RESP, FHSA, LIRA, Margin, Corporate, etc.
  • USD support in registered accounts (avoids currency conversion)
  • Wide asset access: Stocks, ETFs, options, mutual funds, IPOs, bonds, FX
  • No inactivity or annual account fees

Pros:

  • Industry-leading low fees
  • Powerful tools for both casual and advanced investors
  • Strong customer service and investor education
  • Real-time fractional shares – a first in Canada

Cons:

  • ECN fees may apply (small, but not present at all brokers)
  • Platform complexity may be overwhelming for some beginners
  • No physical branches



šŸ”¹ Questwealth Portfolios (Robo-Advisor)


Questrade’s managed investing arm offers low-fee ETF portfolios with active management.

  • Fees: 0.25% (0.20% for $100K+), plus ~0.2% ETF MER
  • Minimum Investment: $1,000
  • Portfolios: Conservative to Aggressive, plus SRI (socially responsible)
  • Supported Accounts: TFSA, RRSP, RESP, FHSA, Corporate, etc.

Why it’s great: Lowest robo-advisor fees in Canada, strong performance, human advisor support available.




How Questrade Compares

Feature

Questrade

Wealthsimple

TD Direct Investing

Qtrade Direct Investing

Stock/ETF Fees

$0

$0

$9.99

$8.75 (free ETFs list)

Options Fees

$0.99/contract

$2 USD/contract

$9.99 + $1.25/contract

$8.75 + $1.25/contract

Account Types

Very broad

Limited (expanding)

Comprehensive

Comprehensive

USD in Accounts

Yes

Premium only

Yes

Yes

Fractional Shares

Yes (real-time)

Yes (limited)

No

No

Platforms

Advanced web & desktop

Simple app

WebBroker & Advanced Dash

Web + mobile

Managed Portfolios

Yes (Questwealth)

Yes (Wealthsimple Invest)

Yes (through TD Easy Trade)

Yes (Guided Portfolios)

Service Quality

Strong

Good

Full-service (slower)

Excellent




Final Verdict


Questrade is now one of Canada’s top all-around brokerages, combining zero commissions, advanced tools, and a broad selection of account types. It suits:

  • Beginners looking for cost savings
  • Intermediate investors needing flexibility
  • Active traders seeking robust tools
  • Passive investors via Questwealth Portfolios

While Wealthsimple is great for absolute beginners, and TD/Qtrade serve niche needs (e.g., deep research or in-branch service), Questrade is now the most well-rounded choice for most Canadian investors.


For the latest terms and conditions, refer to Questrade's website.


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