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.
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 | 0.25% (0.20% after $100,000) |
Features & Description
🔹 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
🔹 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.
Legal
For the latest terms and conditions, refer to Questrade's website.