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Qtrade Direct Investing commission and other fees

Your expert
Oskar G.
Fact checked by
Adam N.
Updated
Jan 2024
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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.

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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.

Classification of Qtrade Direct Investing commission and other trading fees
Stock and ETF
Average Average Low
Forex
- - Low
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 stock and ETF commission
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 stock and ETF commission, spreads vs competitors
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 fund commissions
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 fund commissions
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 bond commissions
US Treasury bond
$1 per $1,000 face value, $24.99 min and $250 max
EU/UK government bond
Not available

See how Qtrade Direct Investing bond fees stack up against the competition.

Qtrade Direct Investing bond commissions vs competitors
US Treasury bond
$25.0
$18.5
$0.0
EU/UK 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 options commissions
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 options commissions vs competitors
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 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 non-trading fees vs competitors
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

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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Author of this article

Oskar Golebiowski
Oskar Golebiowski

Oskar is a former Canadian broker expert for BrokerChooser. Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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