Questrade ReviewOpen an Account
Canadian broker offering investors access to both US and Canadian markets; multiple platforms appeal to both casual and more active investors.
Broker only available to Canadian Residents; distinguishing between trade platforms can be difficult.
Canadian citizens looking to invest in both the US and Canadian markets.
|Commissions & Fees|
|Platform & Tools|
|Ease of Use|
2013 Review Star Ratings
N/A - Not Applicable
|N/A||Commissions & Fees|
|N/A||Platforms & Tools|
N/R - Not Ranked in Top 10
N/A - Not Applicable
Our Questrade review provides trade platform screenshots, detailed commissions information, and online broker ratings.
Compare Questrade to Key Competitors
Trade Commissions Breakdown
|$4.95||Flat-Fee Trade Plan*|
|N/A||Per-Share Trade Plan|
|$9.95||Options Base Trade Fee*|
|N/A||Options Exercise Fee|
|N/A||Options Assignment Fee|
|$9.95||Mutual Fund Trade Fee|
|N/A||Broker Assisted Trade Fee|
|N/A||Bond Trade Fee|
|N/A||Treasury Trade Fee|
|N/A||Certificate of Deposit (CD) Trade Fee|
|N/A||Interactive Voice Response (IVR) Phone Trade Fee|
|N/A||IRA Annual Fee|
|N/A||IRA Closure Fee|
|N/A||Forced-Margin Sellout Fee|
|N/A||Returned ACH Fee|
|N/A||Returned Wire Transfer Fee|
|N/A||Stock Certificate Processing Fee|
|N/A||Stock Certificate Delivery Fee|
|N/A||Paper Statement Fee|
|N/A||Paper Confirmation Fee|
|N/A||Outgoing Domestic Wire Transfer Fee|
|N/A||Outgoing International Wire Transfer Fee|
Commission NotesQuestrade is a Canadian based broker offering discount stock trades to Canadian residents. The broker also offers clients to trade US stocks while holding US cash in their accounts. Questrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). CIPF provides coverage for your general accounts up to CAD $1 million per account.
Stock Trades - All stock trades are $.01 per share with a $4.95 minimum per trade and a $9.95 max per trade. There is a $25 additional fee for phone orders.
Options Trades - All options trades are $9.95 + $1.00 per contract. Any options assignments are a flat $12.95.
Mutual Funds - $9.95 per trade. Questrade also offers a mutual fund maximizer program. For certain mutual funds Questrade will refund you the trailer fees (fees paid by the fund company to the broker) directly to the clients account.
Other Investments - International Trading available (outside of Canadian and US exchanges): International trades are charged a commission of 1% of the trade value (minimum charge of $125 USD), plus applicable exchange or stamp fees. Forex trading and the purchasing of Gold are also available investment types offered by the broker.
Questrade was reviewed by Blain Reinkensmeyer on 2013-02-19 with an overall rating of 3.5 Stars.
Misc. Account Information
|N/A||No. of Commission-Free ETFs|
|N/A||No. of Retail Locations|
|N/A||No. of Mutual Funds (w/ Load)|
|N/A||No. of Mutual Funds (No Load)|
|N/A||No. of 3rd Party Research Report Providers|
|N/A||Max. No. of Legs (Complex Options)|
|No Minimum Deposit|
|No Maintenance Fees|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|
|Long Term Trading|
|Credit Card Accounts|
|Debit Card Accounts|
Trading Platform Features
|Web Browser Platform|
|Windows Desktop Platform|
|Mac Desktop Platform|
Active Trading Features
|Direct routing offered to clients|
|Broker receives payments for order flow|
|Broker internalizes trades|
|Clients receive rebates for adding liquidity|