Published by Blain Reinkensmeyer
On Friday, April 22nd, 2016
For Canadian residents Questrade offers clients competitive commissions rates and easy access to both the US and Canadian stock markets.
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.
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 has been involved in the markets for over 15 years, heading StockBrokers.com broker research and reviews. His personal blog, StockTrader.com, provides education articles as well as to-the-point market recaps to over 17,000 subscribers.
* - Questrade did not to participate in the 2016 Online Broker Review. As a result, there are no current ratings to display.
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.
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.
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.
* - Questrade did not participate in the 2016 Online Broker Review, as a result the following data may not be up to date.
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.