Questrade

Questrade Extended Hours Trading (Pre Market and After Hours)


2021 Questrade extended hours trading fees, broker surcharge, and time period. How to enter Questrade pre market and after market buy/sell orders/trades.



What Time Does Questrade Starts Trading?


Canadian stocks do not have a pre-market trading. Questrade Canadian market starts trading at market open at 9:30 a.m. ET.

The Questrade U.S. pre-market hours are from 7:30 a.m. to 9:30 a.m. ET.


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Questrade Extended-Hours Trading Time


A limited post-market exists for Canadian stocks at or near the closing price. To trade Canadian stocks in the post-market, from approximately 4:15 p.m. to 5 p.m. ET, please follow these directions.

- Must be Limit at the Last price the security was traded at on its native exchange (i.e. TSX or TSX-V)
- Choose AUTO as the preferred ECN
- Choose DAY as the duration
- The Quantity must be a multiple of a standard board lot (i.e. 100/200 shares)

For U.S. listed securities:

The U.S. pre-market hours are from 7:30 a.m. to 9:30 a.m. ET. The post-market hours are from 4 p.m. to 5:30 p.m. ET. To trade in these extended market hours, please follow these directions:

- The order must be placed as a limit order
- Choose ARCA as the preferred ECN
- Choose GTEM (good til’ extended market) as the duration

Although ECNs allow after-hours trading until 8 pm for U.S. markets, Questrade's cut-off time is 5:30 p.m EST.


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Questrade Overview


Questrade is a Canadian online broker that provides financial services strictly to Canadian residents and citizens. The broker offers investing in both the U.S. and Canadian markets. With some great technical features and unique investment services, this is one broker worth checking out.


Is Questrade Safe?


Choosing a stockbroker can be as difficult as choosing what stocks to invest in. Most stockbrokers are affiliates of major banks but there are a few choices for consumers opting to chose a more independent firm.

Questrade is a Canadian owned and operated stockbroker that is a member of the Canadian Investor Protection Fund (CIPF). As such, every account is guaranteed and protected for up to $1 million. Questrade also offers additional private insurance to protect clients for up to $9 million.


Questrade Pricing


Questrade's fees are very reasonable: 1 cent per share for equities with a $4.95 minimum and $9.95 maximum per trade. Clients signed up for the active trader program, Questrade Advantage, qualify for a $0.95 minimum and $6.95 maximum per trade. Alternatively, a $4.95 flat rate per trade is available. Shockingly, any purchase of a U.S. or Canadian-listed ETF is absolutely commission-free. 

Questrade also has no account maintenance fees or hidden fees. The broker offers to reimburse transfer-out fees up to $150 for clients moving a minimum of $25,000 from another brokerage into a new or existing Questrade account. They also have a new customer promotion of $50 in commission rebates which essentially allows to create a large portion of portfolio or, in some cases, the whole portfolio for free. Promotion link: Get $50 in free trades with new Questrade account.


Questrade Account Types

  • 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


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Opening a New Account at Questrade.com

Before opening an account at Questrade, we signed up for a practice account and used some of the features the broker offers at no cost. We were pleasantly surprised how easy the sign-up process was. The entire procedure was electronic; we didn't have to mail in one document or visit a local branch. We were able to scan and upload all material, including the required voided check. The whole process was really convenient.

Questrade offers the ability for users to set up an account online. The entire process is easy and straightforward and can be completed start to finish in under 20 minutes. Questrade offers standard accounts, tax free savings account (TFSA), registered accounts including RRSPs, foreign exchange accounts, margin accounts, and professionally managed accounts.

Prospective clients should be aware that Questrade verifies the new account holder’s identity through information on their credit report. If a new account holder can’t remember the answer to a specific security question then additional measures would be required to verify their identity.

A new user will also be required to submit their social insurance number, a valid photo ID, bank account information, employer’s address and telephone number, in addition to their financial information, such as net worth. Any documents that Questrade requires to be submitted can be done so electronically.

Alternatively, new account holders can print out the required forms and mail it to the company’s head office in Toronto. Naturally, this slows down the account opening process significantly but provides a level of confidence for individuals that are unwilling to provide sensitive information online.

The process of opening an account is not officially completed until a transfer of funds is completed. Perhaps the most convenient way to fund an account is through a user’s online banking bill payment system.


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Alternatively, an account holder can mail a non-certified cheque, but doing so will place a hold on the funds until Questrade’s bank acknowledges receipt of payment. Other funding methods available include wire transfers, certified bank drafts, and money orders.

Withdrawing cash is just as convenient. Electronic fund transfers (EFTs) are deposited directly into a bank account in Canadian or US Dollars and can be done for no charge. On the other hand, cheques are subject to an administrative fee.

Finally, a major selling point for some account holders is the ability to transfer funds in US dollars from a US bank account by mailing a cheque. However, the hold period on the funds can last up to 15 business days.


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