Overview of Qtrade fees and charges

It's safe to say that Qtrade's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Qtrade even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Qtrade's fees

Qtrade Fees snapshot
Assets Fee level Fee terms
US stock fee Low CAD 8.75 per trade and CAD 6.95 if you trade 150+ or have at least CAD 500k account balance
EURUSD fee - Not available
US tech fund fee Low CAD 0 per trade
Inactivity fee Low No inactivity fee

Qtrade fees
Qtrade fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Qtrade fees with its closest competitors, Questrade and RBC Direct Investing.

Qtrade fees
Qtrade trading fees

Qtrade's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Qtrade.

Trading fees

Qtrade's trading fees are low.

Stock fees and ETF fees

Qtrade has low stock trading fees.

Stock fees of a $2,000 trade
Qtrade Questrade RBC Direct Investing
US stock $6.6 $5.0 $7.5
UK stock - - -
German stock - - -

Fund fees

Qtrade fund fees are low.

A $2,000 fund buy fees
Qtrade Questrade RBC Direct Investing
Mutual fund $0.0 $10.0 $0.0
EU mutual fund - - -

Bond fees

Qtrade has low bond fees.

Bond fees of a $10,000 trade
Qtrade Questrade RBC Direct Investing
US Treasury bond $18.7 $0.0 $18.8
EU government bond - - -

Options fees

Qtrade's options fees are high.

Stock index options fees of 10 contracts
Qtrade Questrade RBC Direct Investing
US stock index options $15.9 $20.0 $16.8
UK stock index options - - -
German stock index options - - -

Financing rates

Qtrade financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Qtrade yearly financing rates
Qtrade Questrade RBC Direct Investing
Apple CFD financing rate - 6.7% -
Vodafone CFD financing rate - 5.2% -
EURUSD financing rate - 3.9% -
EURGBP financing rate - 2.0% -

Qtrade fees
Qtrade non-trading fees

When it comes to looking at all the non-trading fees Qtrade is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Qtrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Qtrade stacks up in non-trading fees
Qtrade Questrade RBC Direct Investing
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee Yes No Yes

Qtrade fees
Qtrade deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Qtrade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Qtrade offers.

Qtrade deposit methods
Qtrade Questrade RBC Direct Investing
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No Yes No
Deposit fee $0 $0 $0

Qtrade fees
Qtrade withdrawal fee

Unlike the majority of the online brokers we have reviewed Qtrade does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Qtrade withdrawal fees and options compared
Qtrade Questrade RBC Direct Investing
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No Yes No
Withdrawal fee with bank transfer $0 $0 $0

Qtrade fees
Qtrade inactivity fee

Qtrade does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Oskar Golebiowski

Oskar Golebiowski

Canadian broker expert

Author of this article

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