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
| Investments | Commissions |
|---|
| 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
| Current prime rate | 3.70% | July 24th, 2020 | 5.00% | July 24th, 2020 |
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% |
| 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 $5 commission. This is a flat, per-day commission, no matter how many trades are made or if the trade is commission-free (such as the purchase of an ETF).
Passiv
Questrade teamed up with Passiv (www.getpassiv.com)
that bridges the gap between robo-advisors and self-directed investing. You tell Passiv what you want your
portfolio to look like, then Passiv calculates where you should allocate new cash (dividends, deposits, etc.)
and when you need to rebalance.
Questrade Exchange and ECN Fees
Electronic communication networks (ECNs) and alternative trading systems (ATSs) charge a fee to all market participants who use their networks.
Questrade charges the following in order to offset ECN and ATS access costs. Charges are in the currency of the exchange:
Canadian Exchanges
| Securities |
Adding ($ / share) |
Removing ($ / share) |
| TSX, TSX venture, CNSX, and all ATSs2 |
Free |
$0.0035 |
| TSX, TSX venture and all ATSs2 |
Free |
$0.0008 |
| CNSX | Free | $0.0012 |
U.S. Exchanges
| MNGD, LAMP | Free | Free |
| INET (NSDQ) | Free | $0.003 |
| ARCA | Free | $0.004 |
| NYSE | Free | $0.004 |
Promotion
Open Questrade Account
Administrative Questrade Fees
| CAD$ 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 |
1In order to send an EFT a void cheque from a bank account is required.
2A courier fee of CAD $25.00 within Canada or
$30 to the U.S. applies if the cheque is not picked up in person. Certified cheques cannot be sent by regular mail.
| 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 out an account to another institution | | $150.00 |
| Partial transfer of account to another institution |
|
$25.00 |
| 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 |
| Special courier (Canada) |
|
$35.00 |
| Special courier (US) | | $70.00 |
| Registered mail | | $10.00 |
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Interactive Brokers or Ameritrade
| Electronic trade confirmation in myQuestrade1 | | FREE |
| Electronic monthly statement (eStatement) | | FREE |
| Copy of trade confirmation |
|
$20.00 |
| Copy of account statement | | $20.00 |
1Trade confirmations are available right in myQuestrade. All your accounts are automatically registered for the service and you can create your
own report filters based on account, date and even by security symbol.
| 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 2020 and are subject to change. For the most recent information on Questrade transaction fees visit their website:
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