Questrade Questrade rating

Questrade Fees, Commissions, Margin Rates and Broker Account Trading Cost


2019 Questrade fees schedule, broker stock trading commissions, investing account pricing. Canada's Questrade hidden, annual inactivity and maintenance charges.



Questrade Monthly or Annual Fees


There are no annual or monthly fees at Questrade. The only exception is Registered education savings plan (RESP) with less than $15,000 balance. Then $50 annual fee applies.


Questrade Inactivity Fee


Questrade charges inactivity fee of $24.95 per quarter if no trade was made in a quarter AND combined accounts balance is under $5,000.


Questrade Commission Structure and Investment Products


InvestmentsCommissions
Stocks (Democratic Plan) $0.01 per share, $4.95 minimum, $9.95 maximum per trade
Stocks (Advantage Variable Plan) $0.01 per share, $0.01 minimum, $6.95 maximum per trade
Stocks (Advantage Fixed Plan) $41.95 per trade
ETFs All Canadian and U.S. ETFs are free to buy; standard commission to sell
Options $9.95 + $1 per contract ($6.95 + $0.75 per contract in Advantage Variable; $4.95 + $0.75 per contract in Advantage Fixed)
Options assignments$24.95
Mutual funds $9.95
Gold or Silver $19.95 per trade
Bonds $0 per trade
Forex spreads as low as 1-2 pips on the major currency pairs

Investments stocks, options, mutual funds, international stocks, gold, CNSX securities, bonds, term deposits, GICs, ETFs
Questrade minimum deposit to open account $1,000 ($250 minimum to keep an account open)


Questrade Promotion Code




Questrade Bonds Fees


No commissions on bond trades. Bonds can be bought or sold through Questrade. There is a minimum purchase of $5,000, although some securities may have a higher minimum. To place a bond trade, please have the following information available from Questrade's daily Bonds Bulletin: the bond's CUSIP or security number, the issuer's name, maturity date, the coupon, and your order details.


Questrade GICs (Guaranteed Investment Certificates) and term deposits Fees


There is no charge on purchases, however you may incur a fee for early redemptions. Investments that fully mature do not incur any redemption charge. There is a minimum purchase of $5,000, although some securities may have a higher minimum.


Questrade International Stocks Fees


1% of the trade value. Minimum $195.00 plus applicable exchange or stamp fees, charged in the currency of the account in which the trade is placed.


Questrade Initial public offerings (IPOs) and New Issues Fees


Free to buy. Minimum $5,000 purchase.


Questrade Margin Interest Rates


  CAD Effective date USD Effective date
Current prime rate 3.70% July 24th, 2019 5.00% July 24th, 2019
Debit
(Payable by client for margin)
CAD CAD RRSP USD USD RRSP
Under $100,000
debit balance
CAD prime +3.50% CAD prime +8.10% USD prime +3.50% USD prime +8.10%
Over $100,000
debit balance
CAD prime +2,50% CAD prime +8.10% USD prime +2.50% USD prime +8.10%
Credit
(Payable to client on cash balance)
CAD CAD RRSP USD USD RRSP
Under $250,000 CAD prime -4.5%1 CAD prime -4.5%1 USD prime -5.25%1 USD prime -6%1
$250,000 + CAD prime -4%1 CAD prime -4.5%1 USD prime -4.75%1 USD prime -6%1

Note:

  • Clients will be charged interest if the accrued amount owing is $1.00 or more for the month.
  • Margin accounts will earn interest if the accrued amount owing is $10.00 or more for the month.
  • Registered accounts will earn interest if the accrued amount owing is $0.01 or more for the month.

1 The minimum rate for credit is 0.00%. Questrade will never charge interest for carrying a balance.




Additional Questrade Fees


- There is an additional $45 commission for any trade we complete through our trade desk.

- Partial fills (orders filled over multiple days) are subject to additional commission charges

- Securities and Exchange Commission (SEC) fee: based on a percentage of the total dollar amount of U.S. securities sold

- Exchange and ECN fees may apply

- Data fees may apply depending on your choice of trading platform and market data

- For clients who maintain USD in their RESP: on any day in which you trade a U.S. security in your RESP, you’ll be charged a $5 commission. This is a flat, per-day commission, no matter how many trades are made or if the trade is commission-free (such as the purchase of an ETF).



Questrade Exchange and ECN Fees


Electronic communication networks (ECNs) and alternative trading systems (ATSs) charge a fee to all market participants who use their networks.

Questrade charges the following in order to offset ECN and ATS access costs. Charges are in the currency of the exchange:


Canadian Exchanges


Securities Adding ($ / share) Removing ($ / share)
Equities ≥ $1.001    
TSX, TSX venture, CNSX, and all ATSs2 Free $0.0035
Equities < $1.001    
TSX, TSX venture and all ATSs2 Free $0.0008
CNSX Free $0.0012


U.S. Exchanges


U.S. securities Adding ($ / share) Removing ($ / share)
MNGD, LAMP Free Free
INET (NSDQ) Free $0.003
ARCA Free $0.004
NYSE Free $0.004



Promotion




Open Questrade Account



Administrative Questrade Fees


Withdrawal banking fees
CAD$ electronic fund transfer (EFT) up to $25,000.001   Free
USD$ electronic fund transfer (EFT) up to $25,000.001   Free
CAD$ wire transfer   $20.00
USD$ wire transfer   $30.00
International wire transfer   $40.00
CAD$ and USD$ uncertified cheque   $50.00
Certified cheque2   $75.00
Stop payment   $25.00
NSF cheque/returned items   $30.00




Registered savings plans fees
Self-directed RRSP/RRIF Free
Annual fee for second & subsequent accounts Free
Registered education savings plans (RESP) Free
Full plan deregistration $100.00
Partial plan deregistration $50.00
Canadian controlled private corporations (CCPC) fee $250.00 + $100.00 annually



Transfer fees
Transfer out an account to another institution   $150.00
Partial transfer of account to another institution   $25.00



Certificate fees
Deposit/Withdrawal at Custodian (DWAC)1   $300.00
Certificate re-registration2   $300.00
Rush certificate re-registration2,3   $450.00
Certificate deposit TSX, TSXV, NYSE and NASDAQ   $300.00
Rush certificate deposit TSX, TSXV, NYSE and NASDAQ3   $400.00
Direct registration statement (DRS) deposit   $300.00



Questrade Mailing fees
Special courier (Canada)   $35.00
Special courier (US)   $70.00
Registered mail   $10.00



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Trade confirmations & monthly statement fees
Electronic trade confirmation in myQuestrade1   FREE
Electronic monthly statement (eStatement)   FREE
Copy of trade confirmation   $20.00
Copy of account statement   $20.00



Other fees
Open an account   FREE
Close an account   FREE
Estate transfer   $200.00/account
Document retrieval   $20.00/document
Duplicate tax document   $20.00/tax slip
Unclaimed property   $29.95/quarter



Questrade Incentive, Review and Website Link


Read full Questrade Review

Questrade Incentive: Get $50 in free trades with new Questrade account.

Questrade fees are as of 2019 and are subject to change. For the most recent information on Questrade transaction fees visit their website:


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