Questrade-Some important Details about This Broker
Abstract： 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 Review Summary | |
| Founded | 1999 |
| Registered Country/Region | Canada |
| Regulation | CIRO |
| Market Instruments | Stocks, ETFs, options, GICs, mutual funds, bonds, forex, CFDs, IPOs, international equities, precious metals |
| Demo Account | ✅ |
| Trading Platform | Questrade Trading (web), QuestMobile (iOS, Android), Questrade Edge (web/desktop/mobile), Questrade Global (forex & CFDs) |
| Minimum Deposit | $10 |
| Customer Support | Live 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.
Pros and Cons
| Pros | Cons |
| $0 commission on stocks and ETFs | No 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 platforms | No 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.
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 Instruments | Supported |
| Stocks | ✓ |
| ETFs | ✓ |
| Options | ✓ |
| GICs | ✓ |
| Mutual Funds | ✓ |
| Bonds | ✓ |
| Forex | ✓ |
| CFDs | ✓ |
| IPOs | ✓ |
| Equities | ✓ |
| Precious Metals | ✓ |
| Indices | ✗ |
| Cryptocurrencies | ✗ |
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/CFDs | Active forex and CFD traders, individuals or businesses |
| Margin & Cash Accounts (Individual, Joint, Corporate) | Traders and investors using leverage or cash trading |
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 Product | Fee |
| 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 |
| Bonds | Minimum $5,000 purchase |
| GICs | Minimum $5,000 purchase; fees if withdrawn early |
| International Equities | Minimum $195 + exchange/stamp fees; ~1% of trade value |
| IPOs / New Issues | Minimum $5,000 purchase; free to buy |
| Precious Metals | $19.95 USD per trade |
Non-Trading Fees
| Non-Trading Fees | Amount |
| Deposit Fee | 0 |
| Withdrawal Fee | 0 |
| Inactivity Fee | 0 |
Trading Platform
| Trading Platform | Supported | Available Devices |
| Questrade Trading | ✔ | Web |
| QuestMobile | ✔ | iOS, Android |
| Questrade Edge | ✔ | iOS, Android, Windows, macOS, Web |
| Questrade Global | ✔ | Web |
| MetaTrader (MT4/MT5) | ❌ | — |
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 Method | Minimum Deposit | Deposit Fees | Deposit Time |
| Visa Debit (Instant) | $10 CAD | 0 | Instant (up to daily limit, e.g., $10,000) |
| Interac e-Transfer | Instant (within banks transfer time) | ||
| Bank Transfer (Bill Pay) | $50 CAD | 1–2 business days | |
| EFT (Electronic Funds Transfer) |
Withdrawal Options
| Withdrawal Method | Withdrawal Fees | Withdrawal Time |
| EFT | 0 | Up to 5 business days |
| Wire Transfer | Varies by bank | |
| Request Withdrawal (online) | Depends on withdrawal method |
Read more
Forex Scam Tactics and How to Avoid Falling for Them
Forex scams have taken a vicious cycle with scammers using new and persuasive tactics to trick investors into investing in fraudulent schemes. Read more to know their tactics and how to stop falling for them.
Trade Nation: A Closer Look at Its Licences
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about Trade Nation and its licenses.
What Xtreme Markets Isn’t Telling You About Its Regulation
Xtreme Markets, a forex and CFD broker, operates under a licence issued by the Financial Services Commission (FSC) of Mauritius. While this regulatory stamp may appear reassuring at first glance, a closer look at the nature of offshore licences reveals several critical factors that investors should not ignore.
Trapped Capital: Complaints Exposing OctaFX’s Questionable Practices
Traders across Asia are sounding the alarm as OctaFX is accused of freezing accounts, blocking withdrawals, and leaving users helpless, raising urgent concerns that your money might not be safe.
WikiFX Broker
Latest News
How to Choose the Right VPS for Forex Trading
WikiFXStill Falling for BotBro’s 60% Annual Forex Returns? Wake Up Before It Gets Too Late!
WikiFXWebull Adds Crypto Trading Through Kalshi Partnership
WikiFXInvestment Scam Exposed: Deepfake Videos of Top Indian Leaders & Tech Icons misused to Lure Investor
WikiFXGlobal Introducing Broker Growth Sharing Campaign
WikiFXHYCM Flagged by Malaysia’s Securities Commission
WikiFXAMarkets Review 2025: Read Before Trade
WikiFXMarkets4you Launches Global Giveaway to Celebrate 18th Anniversary
WikiFXU.S. consumer prices rose 2.4% in May, below expectations
WikiFXASIC Flags New Threat: Unlicensed Finfluencers Targeting Aussie Youth Through Hype Culture
WikiFXRate Calc
