Questrade

• 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.

• Must be a Canadian resident
• Must be the age of majority (18 or 19, depending on province)
• Must have a valid Social Insurance Number (SIN)
• Must provide government-issued photo ID (e.g., driver’s license or passport)
• Minimum deposit to start trading:
  • $1,000 CAD for self-directed accounts
  • $250 CAD for Questwealth managed portfolios
• Application is completed fully online
• Not available to non-residents or U.S.-based individuals

🔹 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

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.