Home -
Questrade -

Score

6.70 /10
Average

Questrade

Canada

5-10 years

Regulated in Canada

Market Maker (MM)

Global Business

Medium potential risk

http://www.questrade.com

Influence

AA

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index6.32

Business Index7.61

Risk Management Index8.90

Software Index5.69

License Index6.32

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Questrade, Inc.

Company Abbreviation

Questrade

Platform registered country and region

Canada

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2025-06-22
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Survey

Questrade

Canada

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Sources
Data Source WikiFX Data provide
Updated: 2025-06-22
Questrade · Company summary
Questrade Review Summary
Founded1999
Registered Country/RegionCanada
RegulationCIRO
Market InstrumentsStocks, ETFs, options, GICs, mutual funds, bonds, forex, CFDs, IPOs, international equities, precious metals
Demo Account✅
Trading PlatformQuestrade Trading (web), QuestMobile (iOS, Android), Questrade Edge (web/desktop/mobile), Questrade Global (forex & CFDs)
Minimum Deposit$10
Customer SupportLive chat

Questrade Information

Questrade, founded in 1999, is a well-known Canadian internet broker regulated by the CIRO. It provides a diverse selection of investment products, including stocks, ETFs, options, FX, CFDs, and more, as well as numerous account kinds customized to specific financial objectives.

Questrade's homepage

Pros and Cons

ProsCons
$0 commission on stocks and ETFsNo MetaTrader (MT4/MT5) support
Wide range of account types (retirement, TFSA, RESP, forex/CFD, corporate)Some products (e.g., international equities) have high minimum fees
Advanced and user-friendly proprietary platformsNo Islamic (swap-free) accounts offered

Is Questrade Legit?

Yes, Questrade is legitimate. It is regulated by the Canadian Investment Regulatory Organization (CIRO) under a Market Maker (MM) license.

Regulated by CIRO

What Can I Trade on Questrade?

Questrade provides a wide range of investing products, including stocks, ETFs, options, GICs, mutual funds, bonds, FX, CFDs, IPOs, overseas equities, and precious metals.

Tradable InstrumentsSupported
Stocks✓
ETFs✓
Options✓
GICs✓
Mutual Funds✓
Bonds✓
Forex✓
CFDs✓
IPOs✓
Equities✓
Precious Metals✓
Indices✗
Cryptocurrencies✗
Trading products

Account Type

Questrade provides a comprehensive range of live accounts designed to meet specific life and financial goals, such as tax-free, retirement, education, home savings, trust, corporate, margin, and forex/CFD accounts. It also offers demo accounts for practicing. However, there is no mention of Islamic (swap-free) accounts in their official publications.

Account Type Suitable for
TFSA (Tax-Free Savings Account)Individuals wanting tax-free growth & withdrawals
RRSP (Registered Retirement Plan)Retirement savers looking for tax benefits
RESP (Registered Education Savings)Parents saving for childrens education
FHSA (First Home Savings Account)First-time homebuyers saving for down payment
Spousal RRSP, Locked-In RRSP, LIRA, etc.Couples and retirees managing long-term funds
Trust Accounts (Formal/Informal)Families or entities managing funds under trust
Individual & Corporate Forex/CFDsActive forex and CFD traders, individuals or businesses
Margin & Cash Accounts (Individual, Joint, Corporate)Traders and investors using leverage or cash trading
Account Type

Questrade Fees

Questrade's overall fees are lower than many industry competitors, particularly for stock and ETF trading, which includes no commissions. Certain products, such as options, mutual funds, bonds, international equities, and precious metals, have specified fees or minimums.

Trading ProductFee
Stocks$0
ETFs
Options$0 + ¢99 per contract
Forex (FX)Spread from 0.08 pips
CFDs
Mutual Funds$9.95 per trade; deferred sales charge if withdrawn early
BondsMinimum $5,000 purchase
GICsMinimum $5,000 purchase; fees if withdrawn early
International EquitiesMinimum $195 + exchange/stamp fees; ~1% of trade value
IPOs / New IssuesMinimum $5,000 purchase; free to buy
Precious Metals$19.95 USD per trade
Questrade Fees

Non-Trading Fees

Non-Trading FeesAmount
Deposit Fee0
Withdrawal Fee0
Inactivity Fee0
Non-trading fees

Trading Platform

Trading PlatformSupportedAvailable Devices
Questrade Trading✔Web
QuestMobile✔iOS, Android
Questrade Edge✔iOS, Android, Windows, macOS, Web
Questrade Global✔Web
MetaTrader (MT4/MT5)❌—
Trading Platform

Deposit and Withdrawal

Questrade does not impose any deposit or withdrawal fees. When making an Instant amount via Visa Debit or Interac, the minimum amount is $10 (CAD).

Deposit Options

Deposit MethodMinimum DepositDeposit FeesDeposit Time
Visa Debit (Instant)$10 CAD0Instant (up to daily limit, e.g., $10,000)
Interac e-TransferInstant (within banks transfer time)
Bank Transfer (Bill Pay)$50 CAD1–2 business days
EFT (Electronic Funds Transfer)

Withdrawal Options

Withdrawal MethodWithdrawal FeesWithdrawal Time
EFT 0Up to 5 business days
Wire TransferVaries by bank
Request Withdrawal (online)Depends on withdrawal method
Deposit

News

NewsQuestrade Integrates TradingView into Platform

Questrade announces the integration of TradingView, enhancing investment tools for customers.

WikiFX
2024-05-19 08:00
Questrade Integrates TradingView into Platform
About More

User Reviews

More

User comment

13

Comments

Write a review

Nicolas Navarro
more than one year
La mayoría de los usuarios coinciden que su versión web es adecuada para la gestión de carteras. Además ofrece negociaciones sin comisiónes, en acciones y ETFs
La mayoría de los usuarios coinciden que su versión web es adecuada para la gestión de carteras. Además ofrece negociaciones sin comisiónes, en acciones y ETFs
Translate to English
2025-06-12 21:54
Reply
0
0
smiler296
more than one year
几周前在试用一个月的模拟账户后，我开了一个迷你实盘账户。与其他经纪商相比，QuestradeFX开户需要大量文件。我不喜欢它们基于网页的Java交易平台，启动太慢。也不支持对冲，且不显示换仓利率，这对carry trade很烦人。图表和客户服务尚可。选择QuestradeFX是因为我能方便地从股票交易账户转账，这些账户也是在Questrade开的。一旦经验丰富，若上述问题未解决且未添加自动化系统（如Metatrader），我将考虑转投其他平台。
几周前在试用一个月的模拟账户后，我开了一个迷你实盘账户。与其他经纪商相比，QuestradeFX开户需要大量文件。我不喜欢它们基于网页的Java交易平台，启动太慢。也不支持对冲，且不显示换仓利率，这对carry trade很烦人。图表和客户服务尚可。选择QuestradeFX是因为我能方便地从股票交易账户转账，这些账户也是在Questrade开的。一旦经验丰富，若上述问题未解决且未添加自动化系统（如Metatrader），我将考虑转投其他平台。
Translate to English
2024-07-31 14:27
Reply
0
0
1