Overview of Questrade 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 Questrade charges.

Questrade commission and other fees
Questrade commission and other trading fees

The good news is that Questrade has low trading fees in general. We ranked the fees of Questrade as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Questrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Questrade commission and other trading fees
Questrade Qtrade RBC Direct Investing
Stock and ETF Low Low Low
Forex Low - -
Fund Low Low Low
Bond Low Low Low
Options High Average High
Futures - - -
CFD Average - -
Financing rate Low - -

Now let's go over the trading fees for each asset class one by one.

Questrade stock and ETF commissions, spreads

Questrade stock and ETF commissions are low. Questrade stock and ETF commissions are charged as per the table below.

Questrade stock and ETF commission
Questrade
US stock $0.01 per share, min $4.95, max $9.95; buying ETFs is free, selling costs $0.01 per share
UK stock Not available
German stock Not available
Indian stock Not available

You can compare Questrade stock and ETF fees with the two closest competitors.

Questrade stock and ETF commission, spreads vs competitors
Questrade Qtrade RBC Direct Investing
US stock $5.0 $7.0 $8.0
UK stock - - -
German stock - - -
Indian stock - - -

Stock and ETF commissions are calculated for a $2,000 trade

Questrade forex commissions and spreads

Questrade forex fees are low. Questrade forex commissions and spreads for individual currency pairs are charged as per the table below.

Questrade forex commissions and spreads
Questrade
EURUSD fee The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
GBPUSD fee The fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours.

Check out how Questrade forex fees compare to its two closest competitors.

Questrade forex fees vs competitors
Questrade Qtrade RBC Direct Investing
EURUSD benchmark fee $8.1 - -
GBPUSD benchmark fee $6.0 - -
AUDUSD benchmark fee $6.5 - -
EURCHF benchmark fee $9.4 - -
EURGBP benchmark fee $9.6 - -

Forex fees are calculated for a $20,000 trade using 30:1 leverage

Questrade fund commissions

Questrade fund commissions are low. The table below shows how Questrade fund commissions are calculated.

Questrade fund commissions
Questrade
Mutual fund $9.95 per trade

Check out how Questrade fund fees compare with the competition.

Questrade fund commissions
Questrade Qtrade RBC Direct Investing
Mutual fund $10.0 $0.0 $0.0

Fund commissions are calculated for a $2,000 trade

Questrade bond commissions

Questrade bond commissions are low. The table below contains the description of Questrade bond commissions.

Questrade bond commissions
Questrade
US Treasury bond No fees, but minimum $5,000 purchase
EU government bond Not available

See how Questrade bond fees stack up against the competition.

Questrade bond commissions vs competitors
Questrade Qtrade RBC Direct Investing
US Treasury bond $0.0 $20.0 $20.0
EU government bond - - -

Bond commissions are calculated for a $10,000 trade

Questrade options commissions

You can see below the description of Questrade options commissions. Questrade options fees are high.

Questrade options commissions
Questrade
US stock index options $9.95 + $1 per contract
US stock options $9.95 + $1 per contract
UK stock index options Not available
German stock index options Not available

Compare options commissions charged by Questrade with those of Qtrade and RBC Direct Investing.

Questrade options commissions vs competitors
Questrade Qtrade RBC Direct Investing
US stock index options $20.0 $17.0 $18.0
US stock options $20.0 $17.0 $18.0
UK stock index options - - -
German stock index options - - -

Options commissions are calculated for 10 contracts

Questrade CFD commissions and spreads

Questrade CFD fees are average. Questrade CFD commissions and spreads for different assets are charged as per the table below.

Questrade CFD commissions and spreads
Questrade
S&P 500 CFD fee The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.
Europe 50 CFD fee Not available
Apple CFD $0.01 per share with min. $9.95
Vodafone CFD 0.10% of trade value with min £11.95

Below you can see how Questrade CFD fees compare with those of Qtrade and RBC Direct Investing.

Questrade CFD fees vs competitors
Questrade Qtrade RBC Direct Investing
S&P 500 index CFD fee $1.4 - -
Europe 50 index CFD fee - - -
Apple CFD $10.1 - -
Vodafone CFD $17.0 - -

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Questrade financing rates

Questrade financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how Questrade financing rates compare with those of Qtrade and RBC Direct Investing.

Questrade financing rates vs competitors
Questrade Qtrade RBC Direct Investing
EURUSD financing rate 1.7% - -
GBPUSD financing rate 1.0% - -
S&P 500 CFD financing rate 3.0% - -
Europe 50 CFD financing rate 2.3% - -
Apple CFD financing rate 3.2% - -
Vodafone CFD financing rate 3.2% - -

Questrade commission and other fees
Questrade non-trading fees

In addition to trading fees, it's important to see if Questrade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Questrade with its two closest competitors.

Questrade non-trading fees vs competitors
Questrade Qtrade RBC Direct Investing
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No Yes Yes
Inactivity fee No Yes 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

Questrade 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 Questrade and its closest competitors. To learn more about Questrade, 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.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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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