Overview of Questrade fees and charges

When it comes to brokerage fees Questrade shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether Questrade fees are an advantage for you. Continue reading about Questrade fees and charges to see if this is the right brokerage for you or a similar broker like Qtrade Direct Investing or RBC Direct Investing is better for you.

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

Questrade Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0.01 per share, min $4.95, max $9.95; buying ETFs is free, selling costs $0.01 per share
EURUSD fee Average The fees are built into the spread, 2 pips is the average spread cost during peak trading hours.
US tech fund fee Low $9.95 per trade
Inactivity fee Low No inactivity fee

Questrade fees
Questrade fees explained

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

Questrade fees
Questrade trading fees

Questrade's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

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

Trading fees

Questrade's trading fees are average.

Stock fees and ETF fees

Questrade has low stock trading fees.

Stock fees of a $2,000 trade
Questrade Qtrade Direct Investing RBC Direct Investing
US stock $5.0 $8.8 $7.4
UK stock - - -
German stock - - -

Forex fees

Questrade's forex fees are average.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Questrade Qtrade Direct Investing RBC Direct Investing
EURUSD benchmark fee $17.2 - -
EURGBP benchmark fee $15.4 - -

Fund fees

Questrade fund fees are low.

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

Bond fees

Questrade has low bond fees.

Bond fees of a $10,000 trade
Questrade Qtrade Direct Investing RBC Direct Investing
US Treasury bond $0.0 $25.0 $18.5
EU government bond - - -

Options fees

Questrade's options fees are high.

Stock index options fees of 10 contracts
Questrade Qtrade Direct Investing RBC Direct Investing
US stock index options $20.0 $21.3 $16.6
UK stock index options - - -
German stock index options - - -

CFD fees

Questrade has average CFD trading fees.

CFD fees, commission of a $2,000 trade
Questrade Qtrade Direct Investing RBC Direct Investing
Apple CFD $10.1 - -
Vodafone CFD $13.9 - -
Germany $14.1 - -

Financing rates

Questrade financing rates are average.

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

Questrade yearly financing rates
Questrade Qtrade Direct Investing RBC Direct Investing
Apple CFD financing rate 7.3% - -
Vodafone CFD financing rate 5.7% - -
EURUSD financing rate 3.4% - -
EURGBP financing rate 2.4% - -

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Currency conversion fee

Questrade will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1.99% mark-up.

Questrade fees
Questrade non-trading fees

When it comes to looking at all the non-trading fees Questrade 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 Questrade 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 Questrade stacks up in non-trading fees
Questrade Qtrade Direct Investing RBC Direct Investing
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No Yes Yes

Questrade fees
Questrade 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 Questrade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Questrade offers.

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

Questrade fees
Questrade withdrawal fee

Unlike some online brokers we have reviewed Questrade 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.

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

Questrade fees
Questrade inactivity fee

Questrade 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).

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

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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