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Overall

For Canadian residents Questrade offers clients competitive commissions rates and easy access to both the US and Canadian stock markets.

Commissions & Fees
Offering of Investments
Platforms & Tools
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By Blain Reinkensmeyer on February 16th, 2016 | Last updated: October 13th, 2016

Dislikes Broker only available to Canadian Residents
Special Offer $50 trade commission rebate - Learn More


Questrade Review

Questrade is a financial service provider with a democratically priced online stock trading platform for its Canadian based investors. They have a solid platform of trading tools for their customers, competitive commissions, and other options such as trading physical Gold. Questrade is one of the fastest growing Canadian brokers due to great customer service, direct access technology, and quick trade execution.

Our Questrade review includes a variety of information for researching and finding a brokerage to suit your needs. We have detailed commissions & fees data, an extensive features checklist, and other important broker information available. Our team encourages all investors to compare Questrade with their competitors to find out how they stack up.


Blain Reinkensmeyer

Reviewed by Blain Reinkensmeyer Blain heads research at StockBrokers.com and has been involved in the markets since placing his first stock trade back in 2001. He developed StockBrokers.com's annual review format six years ago which is respected by broker executives as the most thorough in the industry. Currently maintaining funded accounts with more than a dozen different US regulated online brokers, he's executed thousands of trades through his career and enjoys sharing his experiences through his personal blog, StockTrader.com.


Ratings Overall

*Questrade did not participate in the 2016 Online Broker Review, as a result the following data may not be up to date.

Best in Class

2016

Overall
This broker did not finish Best in Class.

Commissions & Fees

*Questrade did not participate in the 2016 Online Broker Review, as a result the following data may not be up to date.

Commission Notes

Questrade 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

Standard Accounts - 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.

Questrade Advantage - Stock trades are $4.95 flat or $.01 per share with a $0.95 minimum per trade and a $6.95 max per trade. Buy ETFs for free.

Options Trades

Standard Accounts - All options trades are $9.95 + $1.00 per contract. Any options assignments are a flat $12.95.

Questrade Advantage - Options trades are $6.95 + $0.75 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.



Trade Commissions Breakdown

Stock Trade Fee (flat)* $4.95
Stock Trade Fee (per share)* N/A
Options Base Fee* $9.95
Options Per Contract Fee* $1.00
Options Exercise Fee N/A
Options Assignment Fee N/A
Mutual Fund Trade Fee $9.95
Broker Assisted Trades Fee N/A
Minimum Deposit $1,000.00

Margin Rates

Under $24,999.99 -1.00%
$25,000.00 to 49,999.99 -1.00%
$50,000.00 to $99,999.99 -1.00%
$100,000.00 to $249,999.99 -1.00%
$250,000.00 to $499,999.99 -1.00%
$500,000.00 to $999,999.99 -1.00%
Above $1,000,000.00 -1.00%

Miscellaneous Fees

Bond Trade Fee N/A
Treasury Trade Fee N/A
IRA Annual Fee N/A
IRA Closure Fee N/A
Returned ACH Fee N/A
Returned Wire 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
Domestic Wire Fee N/A
International Wire Fee N/A


Account Features

*Questrade did not participate in the 2016 Online Broker Review, as a result the following data may not be up to date.

Offering of Investments

Advisor Services help
No
Bonds (Corporate) help
No
Bonds (Municipal) help
No
Bonds (US Treasury) help
No
CDs help
No
Clearing Firm help
N/A
Commission Free ETFs help
N/A
Direct Market Routing - Stocks help
No
Direct Market Routing - Options help
No
DRIPs help
No
# of Easy to Borrow Stocks help
Forex Trading help
Yes
Futures Trading help
No
Member FINRA help
No
Member SIPC help
No
Mutual Funds help
Yes
Mutual Funds (Load) help
N/A
Mutual Funds (No Load) help
N/A
Mutual Funds (NTF) help
Mutual Funds (Total) help
Mutual Funds Phone Trades help
No
Mutual Funds Web Trades help
No
No Fee IRAs help
No
No Inactivity Fees help
Yes
No Minimum Deposit help
No
Options Exercising (Phone) help
No
Options Exercising (Web) help
No
Options Trading help
Yes
Options Trading (Mini) help
No
Options Trading (Weekly) help
No
OTCBB / Pink Sheets help
No
Stock Trading help
Yes

Customer Service

Phone Support help
Yes
Email Support help
Yes
Live Chat (Current Clients) help
No
24/7 Support help
No

Platforms & Tools

Desktop Platform (Windows) help
No
Desktop Platform (Mac) help
No
Web Platform help
No
Active Trading Platform help
Auto Investing help
No
Charting - Display Corporate Events help
No
Charting - Drawing Tools help
Charting - Notes help
No
Heat Mapping help
No
Ladder Trading help
No
Level 2 Quotes - Stocks help
No
Level 2 Quotes - Options help
No
Option Chains - Streaming Real-time help
No
Option Analysis - P&L Charts help
No
Stock Alerts Delivery - Email help
No
Stock Alerts Delivery - Sound help
No
Stock Alerts Delivery - Text SMS help
No
Streaming Time & Sales help
No
Streaming TV help
No
Trade Hot Keys help
No
Virtual Trading help
No
Watch Lists - Streaming Real-time Quotes help
No

Research

Research - ETFs help
No
Research - Mutual Funds help
No
Research - Pink Sheets / OTCBB help
No
Research - Fixed Income help
No
Equity Research - Research Reports help
N/A
ETF Research - Top 10 Holdings help
No
ETF Research - Morningstar Style Box help
No
ETF Research - Research Reports help
No
Mutual Fund Research - Research Reports help
No
Mutual Fund Research - Fees Breakdown help
No
Mutual Fund Research - Performance Analysis help
No
Mutual Fund Research - Top 10 Holdings help
No
Screener - Stocks help
No
Screener - ETFs help
No
Screener - Mutual Funds help
No
Screener - Options help
No
Screener - Bonds help
No

Education

Has Education - Stocks help
No
Has Education - ETFs help
No
Has Education - Options help
No
Has Education - Mutual Funds help
No
Has Education - Fixed Income help
No
Has Education - Retirement help
No
Investor Dictionary help
No
Client Webinars help
No
Live Seminars help
No
Videos help
No
Retirement Calculator help
No
Community Forums help
No

Mobile Trading

iPhone App help
Yes
iPad App help
No
Apple Watch App help
No
Android App help
Yes
Android Tablet App help
No
Mobile Site help
Yes
Quotes (Real-time) help
No
Quotes (Streaming Real-time) help
No
Watch List Syncing help
No
Market Movers (Top Gainers) help
No
Stock Alerts Delivery - Push Notifications help
No
Customizable Homescreen help
No
Stream Live TV help
No
Trading - Stocks help
No
Trading - Stocks (After-Hours) help
No
Trading - Simple Options help
No
Trading - Complex Options help
No

Banking

Member FDIC help
No
Checking Accounts help
No
Savings Accounts help
No
Debit Cards help
No
Credit Cards help
No
Mortgage Loans help
No
Mobile Check Deposit help
No
ATM Fee Reimbursement help
No
No Fee Banking help
No
Retail Locations help
N/A

Active Trading

Receives Payment for Order Flow (Equities) help
No
Client Liquidity Rebates help
No
Financial Information Forum (FIF) Participant help
No

Compare Questrade

Select one or more of these brokers to compare against Questrade.

All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.




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