Questrade commission and other fees

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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.

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Questrade commission and other trading fees

Questrade has average trading fees in general. We ranked Questrade 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 Questrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Questrade commission and other trading fees
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
Stock and ETF	Low	Average	Average
Forex	Low	-	-
Fund	Low	Low	Low
Bond	Low	Low	Low
Options	High	High	Average
Futures	-	-	-
CFD	High	-	-
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 Questrade
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$0.01 per share, min $4.95, max $9.95; buying ETFs is free, selling costs $0.01 per share
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	Not available
German stock Estimated commission of a $2,000 trade	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 Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$5.0 $0.01 per share, min $4.95, max $9.95; buying ETFs is free, selling costs $0.01 per share	$8.8 CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance)	$7.4 CAD 9.95 per trade; CAD 6.95 if you make more than 150 trades per quarter
UK stock Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	- Not available	- Not available
German stock Estimated commission of a $2,000 trade	- Not available	- Not available	- Not available
Indian stock	- Not available	- Not available	- Not available

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 Questrade
EURUSD fee description	The fees are built into the spread, 2.1 pips is the average spread cost during peak trading hours.
GBPUSD fee description	The fees are built into the spread, 2.6 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 Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$13.1	- EURUSD is not available	- EURUSD is not available
GBPUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$9.2	- GBPUSD is not available	- GBPUSD is not available
AUDUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$15.7	- AUDUSD is not available	- AUDUSD is not available
EURCHF benchmark fee	$4.3	- EURCHF is not available	- EURCHF is not available
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$13.3	- EURGBP is not available	- EURGBP is not available

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 Questrade
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$9.95 per trade

Check out how Questrade fund fees compare with the competition.

Questrade fund commissions
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$10.0 $9.95 per trade	$6.5 CAD 8.75 per trade (CAD 6.95 if you make 150+ trades per quarter or have a CAD 500k+ account balance)	$0.0 No fee

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 Questrade
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	No fees, but minimum $5,000 purchase
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	Not available

See how Questrade bond fees stack up against the competition.

Questrade bond commissions vs competitors
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$0.0 No fees, but minimum $5,000 purchase	$25.0 $1 per $1,000 face value, $24.99 min and $250 max	$18.5 Commission is included in the quoted price. Minimum commission: CAD 25 per transaction. Maximum commission: CAD 250 per transaction.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	- Not available	- Not available	- Not available

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 Questrade
US stock index options Estimated commission for 10 contracts	$9.95 + $1 per contract
US stock options Estimated commission for opening 10 contracts	$9.95 + $1 per contract
UK stock index options Estimated commission for 10 contracts	Not available
German stock index options Estimated commission for 10 contracts	Not available

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

Questrade options commissions vs competitors
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
US stock index options Estimated commission for 10 contracts	$20.0 $9.95 + $1 per contract	$21.3 $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	$16.6 CAD 9.95 + CAD 1.25 per contract, if you have more than 150 trades per quarter then CAD 6.95 + CAD 1.25 per contract
US stock options Estimated commission for opening 10 contracts	$20.0 $9.95 + $1 per contract	$21.3 $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	$16.6 CAD 9.95 + CAD 1.25 per contract, if you have more than 150 trades per quarter then CAD 6.95 + CAD 1.25 per contract
UK stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available
German stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available

Options commissions are calculated for 10 contracts

Questrade CFD commissions and spreads

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

Questrade CFD commissions and spreads
	Questrade 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	Europe 50 CFD is not available
Apple CFD Commission for a $2,000 stock CFD trade	$0.01 per share with min. $9.95
Vodafone CFD Commission for a $2,000 stock CFD trade	0.10% of trade value with min £11.95

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

Questrade CFD fees vs competitors
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$3.6	- S&P 500 index CFD is not available	- S&P 500 index CFD is not available
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	- Europe 50 index CFD is not available	- Europe 50 index CFD is not available	- Europe 50 index CFD is not available
Apple CFD Commission for a $2,000 stock CFD trade	$10.1 $0.01 per share with min. $9.95	- Not available	- Not available
Vodafone CFD Commission for a $2,000 stock CFD trade	$15.5 0.10% of trade value with min £11.95	- Not available	- Not available

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 Direct Investing and RBC Direct Investing.

Questrade financing rates vs competitors
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
EURUSD financing rate Yearly financing rate	2.4% Calculated as swap points	- EURUSD is not available	- EURUSD is not available
GBPUSD financing rate	1.3% Calculated as swap points	- GBPUSD is not available	- GBPUSD is not available
S&P 500 CFD financing rate	8.9% SOFR and mark-up	- SPX CFD is not available	- SPX CFD is not available
Euro Stoxx 50 CFD financing rate	7.4% €STR and mark-up	- EUSTX50 CFD is not available	- EUSTX50 CFD is not available
Apple CFD financing rate Yearly financing rate	8.9% SOFR and mark-up	- Apple CFD is not available	- Apple CFD is not available
Vodafone CFD financing rate Yearly financing rate	8.7% SONIA and mark-up	- Vodafone CFD is not available	- Vodafone CFD is not available

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 Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
Deposit fee	$0 Free deposit	$0 Free Deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 No withdrawal fee for electronic fund transfers, but $20-$40 for wire transfers depending on your residency	$0 Free withdrawal	$0 Free withdrawal for margin, cash, RESP, and TFSA accounts if you have RBC bank account, but high withdrawal fee for RRSP withdrawals and non-RBC bank clients
Account fee Monthly account fee	No No account fee	Yes CAD 25 per quarter unless you hold CAD 25,000 / make a minimum number of trades / set a recurring deposit of at least $100 per month	Yes CAD 25 per quarter if you have account balance less than CAD 15,000
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	Yes $25 per quarter, charged as account fee if you fail to make a minimum number of trades or deposits during a quarter	No No inactivity fee

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 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.

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