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Questrade Trading Fees: Save More on Every Trade in Canada

Questrade Trading Fees: Save More on Every Trade in Canada - Verified by FangWallet
4 min read

Introduction

Questrade has emerged as one of Canada’s most popular low-cost brokerages, particularly among investors looking to reduce trading expenses and maximize portfolio growth. This article explores how Questrade’s trading fees compare to traditional Canadian brokers and how its pricing structure supports a smart, cost-effective investment strategy. Whether you’re just starting out or actively building a diversified portfolio, Questrade’s transparent and flexible fee system could help you stretch every investing dollar further.

Questrade’s Fee Structure for Smarter Trading Decisions

When navigating through Questrade’s fee structure, you’ll quickly realize that it stands out as a strong contender for cost-effective trading in Canada. The platform offers a blend of commission-free options and competitive rates that cater to both casual and active investors. Here are the key points to consider:

  • Stock and ETF Trades: Enjoy zero commissions on buying and selling Canadian and U.S. ETFs.
  • Stock Commissions: $4.95 to $9.95 per trade, depending on trading volume.
  • Account Maintenance Fees: No annual fees for the first year; $24.95 thereafter for inactive accounts.
Account Type Commissions Annual Fees
RRSP Free ETF trades, $4.95–$9.95 stocks $0 for the first year
TFSA Free ETF trades, $4.95–$9.95 stocks $0 for the first year
Non-registered Free ETF trades, $4.95–$9.95 stocks $24.95 after first year (if inactive)

Questrade Compared to Other Canadian Brokerages

When exploring Canadian brokerage platforms, Questrade stands out for its competitive trading fees and user-friendly features. Many investors appreciate that Questrade offers commission-free ETF purchases, allowing you to build your portfolio without immediate costs eating into your returns.

Brokerage Stock Trading Fee ETF Purchase Fee Account Minimum
Questrade $0.01 per share (min $4.95) Free $1,000
Wealthsimple Trade Free Free $0
TD Direct Investing $9.99 per trade $9.99 $0

Maximizing Your Investment Returns With Questrade’s Low Fees

When it comes to maximizing your investment returns, every dollar counts. With Questrade’s low fees, you’re given an opportunity to keep more of your hard-earned money working for you. Consider these benefits:

  • Low Commissions: Minimal fees mean you retain more profits.
  • Free ETF Purchases: Diversify without transaction fees.
  • No Account Maintenance Fees: Avoid unnecessary annual charges.
Investment Amount Annual Return (5%) Total Value After 10 Years (Without Fees) Total Value After 10 Years (With $10 Monthly Fees)
$10,000 $500 $16,288 $14,614
$50,000 $2,500 $81,444 $71,858

Tips for Reducing Your Trading Costs on Questrade

  • Choose the Right Account Type: Registered accounts offer tax advantages.
  • Utilize Commission-Free ETFs: Focus on no-fee assets.
  • Avoid Frequent Trading: Reduce costs with a buy-and-hold approach.
  • Take Advantage of Promotions: Watch for offers that reduce or eliminate fees.
Trade Type Standard Fee Using Commission-Free Options
Stock Trade $4.95 $0
ETF Trade $4.95 $0
Mutual Fund Purchase Varies Not Applicable

Questrade’s Promotions and Discounts for Extra Savings

  • Referral Rewards: Earn cash bonuses by referring others.
  • Seasonal Promotions: Look for time-limited offers on free trades or bonuses.
  • No Commission ETF Purchases: Use this to build cost-efficient portfolios.
Promotion Type Details
Account Open Bonus Receive cash bonuses based on your deposit
Commission-Free Trading Free trades on selected ETFs
Referral Program Earn rewards for referring friends

Impact of Questrade’s Fees on Long-Term Investment Strategy

Questrade’s low fees play an important role in a sustainable investment strategy. Reduced commissions and zero-fee ETF purchases help investors retain more of their returns and invest with consistency and confidence.

Investment Type Questrade Fee Typical Competitor Fee
Stock Trading $0.01 per share $5–$10 per trade
ETF Purchase Free $4–$7 per trade

Summary of Questrade’s Low-Fee Investing Benefits

Questrade’s transparent fee structure gives Canadian investors a significant advantage in reducing costs and boosting long-term returns. From free ETF trades and minimal commissions to educational tools and flexible account options, Questrade supports smarter investing for all experience levels. Whether you’re focused on active trading or a long-term strategy, keeping fees low is a foundational step toward greater wealth, and Questrade helps make that possible.

Frequently Asked Questions

What are the trading fees at Questrade?

At Questrade, the trading fees are quite competitive. For Canadian stocks and ETFs, you can trade for as low as $0.01 per share, with a minimum fee of $4.95 and a maximum of $9.95 per trade. Options trading comes with a base commission of $9.95 plus $1 per contract.

Are there any account maintenance fees?

No, Questrade does not charge any annual account maintenance fees. This is great news for investors looking to keep their costs down.

Can I trade U.S. stocks with Questrade?

Yes! Questrade allows you to trade U.S. stocks as well. The trading fee structure for U.S. stocks is similar, starting at $0.01 per share, with a minimum of $4.95 and a maximum of $9.95 per trade.

Are there any fees for transferring accounts to Questrade?

There are no fees to transfer accounts to Questrade, which makes it easier for Canadian investors to switch brokerages without financial penalties.

Does Questrade charge for inactivity?

No, there are no inactivity fees at Questrade. This means you can take your time to build your investment strategy without worrying about being charged for not trading frequently.

How does Questrade compare to other Canadian brokerages?

Questrade stands out among Canadian brokerages for its low trading fees and lack of account maintenance and inactivity fees. This makes it an attractive option for both active traders and long-term investors.

What about commissions for mutual funds?

Questrade also offers access to mutual funds with excellent flexibility. You can purchase thousands of different no-load mutual funds without any commission, though it’s important to check the specific fund details for any potential fees.

Are there any resources available to help investors understand the fees?

Absolutely! Questrade provides extensive resources on their website, including detailed fee schedules, calculators, and educational materials to help investors make informed decisions.

Updated by Albert Fang


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Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned. The opinions expressed here are the author's alone.

The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur including the potential loss of principal.



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