Overview of Qtrade Direct Investing fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates Qtrade Direct Investing charges.
Qtrade Direct Investing commission and other fees
Qtrade Direct Investing commission and other trading fees
Qtrade Direct Investing has average trading fees in general. We ranked Qtrade Direct Investing fee levels as low, average or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Qtrade Direct Investing commissions, spreads, and financing rates for each asset class are low/average/high.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| Stock and ETF | Average | Low | Low |
| Forex | - | - | Average |
| Fund | Low | Low | Low |
| Bond | Low | Low | Low |
| Options | High | Average | High |
| Futures | - | - | - |
Now let's go over the trading fees for each asset class one by one.
Qtrade Direct Investing stock and ETF commissions, spreads
Qtrade Direct Investing stock and ETF commissions are average. Qtrade Direct Investing stock and ETF commissions are charged as per the table below.
| Qtrade Direct Investing | |
|---|---|
| US stock | CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance) |
| UK stock | Not available |
| German stock | Not available |
| Indian stock | Not available |
You can compare Qtrade Direct Investing stock and ETF fees with the two closest competitors.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| US stock | $8.8 | $7.4 | $5.0 |
| UK stock | - | - | - |
| German stock | - | - | - |
| Indian stock | - | - | - |
Stock and ETF commissions are calculated for a $2,000 trade
Qtrade Direct Investing fund commissions
Qtrade Direct Investing fund commissions are low. The table below shows how Qtrade Direct Investing fund commissions are calculated.
| Qtrade Direct Investing | |
|---|---|
| Mutual fund | CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance) |
Check out how Qtrade Direct Investing fund fees compare with the competition.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| Mutual fund | $6.5 | $0.0 | $10.0 |
Fund commissions are calculated for a $2,000 trade
Qtrade Direct Investing bond commissions
Qtrade Direct Investing bond commissions are low. The table below contains the description of Qtrade Direct Investing bond commissions.
| Qtrade Direct Investing | |
|---|---|
| US Treasury bond | $1 per $1,000 face value, $24.99 min and $250 max |
| EU government bond | Not available |
See how Qtrade Direct Investing bond fees stack up against the competition.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| US Treasury bond | $25.0 | $18.5 | $0.0 |
| EU government bond | - | - | - |
Bond commissions are calculated for a $10,000 trade
Qtrade Direct Investing options commissions
You can see below the description of Qtrade Direct Investing options commissions. Qtrade Direct Investing options fees are high.
| Qtrade Direct Investing | |
|---|---|
| US stock index options | $8.75 flat fee and $1.25 per contract, but the flat fee is $6.95 if you trade 150+ per quarter or have at least $500k account balance |
| US stock options | $8.75 flat fee and $1.25 per contract, but the flat fee is $6.95 if you trade 150+ per quarter or have at least $500k account balance |
| UK stock index options | Not available |
| German stock index options | Not available |
Compare options commissions charged by Qtrade Direct Investing with those of RBC Direct Investing and Questrade.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| US stock index options | $21.3 | $16.6 | $20.0 |
| US stock options | $21.3 | $16.6 | $20.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Options commissions are calculated for 10 contracts
Qtrade Direct Investing commission and other fees
Qtrade Direct Investing non-trading fees
In addition to trading fees, it's important to see if Qtrade Direct Investing charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Qtrade Direct Investing with its two closest competitors.
| Qtrade Direct Investing | RBC Direct Investing | Questrade | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
| Account fee | Yes | Yes | No |
| Inactivity fee | Yes | No | No |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Qtrade Direct Investing commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Qtrade Direct Investing and its closest competitors. To learn more about Qtrade Direct Investing, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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