Questrade

4.2(1.300 reviews)

Canada's leading independent online broker with low fees

IIROC RegulatedSince 1999

Trust Score

Very Good

Ready in 2 minutes

* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

1.000 CAD

Min. Deposit

Instruments

IIROC

Regulation

Platforms

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Options

Options trading available

Bonds

Bonds trading available

Mutual Funds

Mutual Funds trading available

Forex

Forex trading available

CFDs

CFDs trading available

Questrade Web

Trading Platform

Questrade App

Trading Platform

IQ Edge

Trading Platform

Advantages

Free ETF purchases
Canada's leading independent broker
Options trading on US and Canadian markets
IQ Edge platform for active traders

Disadvantages

Only available for Canadian customers
Stock trading fees not the lowest
Minimum deposit of CAD $1,000

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Questrade

Questrade was founded in 1999 in Toronto and is Canada's leading independent online broker. As an IIROC-regulated provider, Questrade offers free ETF purchases and broad access to Canadian and US markets. With a minimum deposit of CAD 1,000, entry is affordable for most investors. The product range includes stocks, ETFs, options, bonds, mutual funds, Forex, and CFDs. Stock trading starts from CAD 4.95 per trade, while ETFs can be purchased for free. The IQ Edge platform offers active traders advanced charting and analysis tools. Questrade particularly stands out for its free ETF purchases, making it the ideal broker for Canadian savings plan investors. Options trading on US and Canadian markets as well as Forex access expand the offering for more experienced traders. However, Questrade is only available for Canadian customers.

Questrade FAQ

Can I buy ETFs for free at Questrade?

Yes, at Questrade you can buy all ETFs for free. However, regular trading fees apply when selling.

What is the minimum deposit at Questrade?

The minimum deposit at Questrade is CAD 1,000 to open an account.

Does Questrade offer options trading?

Yes, Questrade offers options trading on Canadian and US markets. Options fees are CAD 4.95 plus CAD 0.75 per contract.

What is the IQ Edge platform?

IQ Edge is Questrade's desktop platform for active traders. It offers advanced charting tools, real-time market data, customizable layouts, and Level 2 data.