Know when to use a different Questrade platform

Overall, Questrade offers its investors and traders an excellent asset choice. ETF traders at Questrade should consider one additional fee for market data packages. New traders may not require it and determine the free Basic package sufficient. The Enhanced upgrade costs $19.95 per month, but if traders accumulate $48.95 in commissions, they qualify for a 100% rebate. Questrade also features an Advanced option for $89.95 per month, suitable for active professional traders.

Edge Desktop

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Questrade is a Canadian broker offering the ability to trade currencies on forex, CFDs, Canadian and US stocks, options and mutual funds on several manual or automated trading platforms. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

An FAQ section attempts to answer the most common questions, and this broker does an excellent job explaining its products and services. Most investors are unlikely to require customer support but can access it swiftly in case of emergencies. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Questrade offers an education section with beginner and questrade forex advanced resources, including a blog, how-to articles within the knowledge base, and on-demand webinars to help improve investing skills. There are also retirement planning tools, including a retirement calculator and retirement-specific blog articles.

At the time of writing this review, it only works with a Visa Debit card, but Questrade announced it works on introducing Instant Deposit via Mastercard Debit and Interac cards in late summer 2021. Traditional banking options attempt to remain competitive with third-party, modern payment processors. Therefore, the Instant Deposit at Questrade presents clients with one of the best options available across the North American brokerage market. The Investment Industry Regulatory Organization of Canada (IIROC) regulates Questrade, which is also a member of the Canadian Investor Protection Fund (CIPF). It is critical to distinguish that its Robo-Advisory wealth management unit, Questrade Wealth Management Inc. (QWM), is not included in either the IIROC or CIPF. This broker additionally offers 100% reimbursement for unauthorized transactions in a statement of its confidence in deployed security technology and protocols.

Founded in 2000, Questrade, part of Questrade Financial Group, is a Canada-based brokerage with 30 billion in assets under its administration. To learn more about the experience of using Questrade for stock brokerage services, check out the Questrade review on our sister site, StockBrokers.com. Questrade is a trusted full-service multi-asset broker that now offers forex and CFDs alongside its stock trading services for active and passive investors. New traders can open an account and use it instantly if depositing up to $3,500 via Instant Deposit by Questrade.

Unlock the World’s Markets

While Questrade does not offer the MT4 trading platform, and no alternative for automated trading solutions exists, the three proprietary versions offer manual traders an excellent trading environment. Brokers move an inactive account to a different sub-database, and reactivation may consist of a trader resubmitting a copy of their ID or proof of residency. It does not cost brokers anything, making an inactivity fee a legal tool to drain the existing client account from the remaining capital. Fortunately, Questrade decided to abandon the Questrade inactivity fee as of October 2020.

Questrade Inc. is regulated by the the Canadian Investment Regulatory Organization (CIRO). If you opt for a Questwealth Portfolio, there is a 0.25% commission on balances between $1,000 – $99,999, which reduces to 0.20% with balances over $100,000. Other fees include Management Expense Ratio fees (MER) on ETFs, currency exchange fees, and administrative fees. Overall, this review was impressed with the excellent breadth of online financial markets. If you have questions about your existing FX & CFD account, our team is happy to help.

Is Questrade a public company?

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Funding a Questrade account can be done from within the trading platform via several methods including online bank payments, wire transfers, money orders, and cheques. Electronic methods are free but all other methods incur transfer and withdrawal fees.

• As the most complex piece of software that Questrade has to offer, this platform caters to advanced traders who will make full use of the fantastic research tools and data provided on IQ Edge.
• Check out the Advanced trading platforms at the bottom of this article.
• A direct registration statement or a custodian deposit or withdrawal face a $300 fee each.
• The entire section could be structured a lot better, but there’s a search function that’s very handy if you’re looking for a specific article.

You’ll also find guidance on premarket, after hours, and extended hours trading. In addition, tutorials advise on risk management tools, including bracket orders, limit orders and trailing stop limits, plus dividends yields. Questrade currently offers two promo codes in 2025; the first is for 5 zero commission trades upon account opening. Note that you will need to open an account with at least 1000 CAD minimum to qualify.

Compare Questrade with the top 3 similar brokers that accept traders from your location. The support team can help with a host of queries, from limit order duration and issues with the platform not working and loading to setting up and starting a Questrade account, plus negative cash balances. They can also assist with closing a Questrade account, hotkeys guides and queued order questions. Embarking on the journey of foreign exchange (FX) and contract for difference (CFD) trading can be both exciting and daunting for new investors. FX and CFD trading involve leveraging changes in currency exchange rates and derivative products to speculate on changes in price to make a profit. Remember, your investing journey is unique, and having access to the right platform for your goals can make a significant difference in your financial success.

Bank wires in Canadian Dollars face a $20 surcharge, increased to $30 for bank wires in US Dollars and $40 for international ones. Questrade also accepts uncertified cheques for an additional cost of $50 and only in Canadian Dollars or US Dollars. It lists a $75 fee for certified cheques, $25 for a stop payment, and $30 if the cheque returns due to insufficient funds.

• Aside from this, Questrade’s educational video content is rare because webinars and live events are not held very frequently, however, at least they’re all free to watch on the company’s Youtube channel.
• Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
• DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
• Questrade IQ Edge grants active and professional traders an alternative.
• The Questrade ETF fees offer clients one of the most beneficial pricing environments in Canada.

Get insight for your investment strategy with objective news and research from industry leaders like NewsEdge and AutoChartist.

Institutional traders will probably like the Corporate Account, which gives them access to the full range of investment types, as well as lowered, corporate taxes. As is the case with the majority of brokers, you’ll likely find online forums where Questrade is firmly criticized for poor management and downright accused of scamming its users. Despite the growth and accolades Questrade has gotten over the years, the brokerage isn’t perfect and it is not for everyone. Let’s see if this intriguing, modern online brokerage suits your tastes and needs. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.

Data safety

You’ll then be matched with a portfolio best suited for you, and you’ll be all set. Questwealth Portfolios are diversified low-fee ETF portfolios designed to help you achieve your financial goals faster. This can be a great option where your portfolio is actively managed by portfolio managers who watch the market and adjust your portfolio when needed. Using research, portfolio managers aim to limit losses and are always looking for opportunities to improve your returns. You can use Questrade Global to start trading Foreign Exchange and Contracts for Difference (FX and CFDs) on both mobile and web platforms.

Screener, research reports from Morningstar and Recognia, and conditional orders allow for more in-depth analytics and advanced trading strategies. While commission-free trading is not available at Questrade, ETF traders have an offer that gets them half-way there. Buying ETFs at Questrade is commission-free while selling them incurs a fee of just $4.95 in the fixed cost structure. Questrade also has a variable alternative with selling costs of $0.01 per ETF up to a maximum of $6.95. While it is not a commission-free trading environment, it is a high-value and high-quality offer.

Questrade Global is the exclusive Forex and CFD trading platform, where traders have access to non-Canadian equities. It is available as a webtrader or mobile version and features live charts, economic releases, and research from NewsEdge and Autochartist. Market Intelligence and Intraday Trader are accessible by all clients, regardless of the trading platform.

Aside from this, Questrade’s educational video content is rare because webinars and live events are not held very frequently, however, at least they’re all free to watch on the company’s Youtube channel. One of the most common complaints you’ll find about Questrade on online forums is that the platforms crash often and reject orders due to technical difficulties. This is one such example, where a trader was damaged because of technical difficulties that Questrade doesn’t want to take responsibility for. Whatsmore, the login process only has one step, meaning your account is a lot less protected than an account with two-step authentication. All in all, Questrade Trader is a fantastically user-friendly piece of software that’s great for casual traders, but it lacks advanced research functions and customizability. After that, just review the data, verify, and accept the terms and conditions, and you’re almost done.