best brokerage firms in Canada

Best Brokerage Firms

Questrade - best Canadian brokerage firm (2010)




Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

Questrade Commissions and Investment Products (2010)


  • Stocks and ETFs: 1 cent per share, $4.95 minimum, $9.95 maximum per trade
  • Options: $9.95 plus $1 per contract
  • All options assignments are $12.95 flat
  • Mutual funds: $9.95
  • Gold: $20 per trade
  • International stocks: 1% of the trade value (minimum charge of $125 USD)
  • Bonds: $30 per trade
  • Investment products: stocks, options, mutual funds, international stocks, gold, CNSX securities, bonds, term deposits, GICs, ETFs
  • Minimum to open account: $1,000, $250 to keep an account open
  • All Questrade fees and margin rates


Questrade Account Pros/Advantages

  • Individual
  • Joint
  • Informal trust
  • TFSA (Tax free savings account)
  • RRSP
  • LIRA
  • RIF & PRIF
  • LIF
  • Individual RESP
  • Family RESP
  • Corporation
  • Investment club
  • Formal trust
  • Partnership
  • Sole proprietorship


Questrade Account Pros/Advantages

  • Good commissions for stock and ETF orders of up to 700 shares
  • Cheap mutual fund commissions
  • Ability to buy physical gold
  • No surcharges for large orders, penny stocks and extended hours trading
  • Ability to hold US $ in RRSP account
  • Forex trading is available
  • Online Trading Academy courses
  • Checking account (but with annual fee)


Questrade Account Cons/Disadvantages

  • No research reports
  • Outgoing ACAT: $125 - most companies charge this fee, but few have it so high


Questrade Review Summary

Questrade is Canadian owned and operated brokerage that also provides brokerage services to US citizens. It offers direct access trading with 1 cent per share, $4.95 minimum and $9.95 maximum per trade commission.

One unique feature of Questrade account is an ability to buy, sell, and hold physical gold for $20 per trade. Plus, the firm will lend up to 80% on gold bullion in non-registered accounts, so customers can buy gold on credit and borrow on the bullion already in their margin account. Client's gold is kept safe at the Royal Canadian Mint.

Unlike most other brokers, Questrade has no surcharges for large orders, penny stocks and extended hours trading. The firm also has no account fees and no hidden fees.


Questrade Promotional Code 2010: click link below to get $50 in free trades


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

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