Questrade fees explained

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Independent

Overview of Questrade fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Questrade is an OK choice, as it has average fees in general. Check our toplist for cheaper brokers.

I found Questrade's trading fees fairly average

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Questrade fared:

Questrade charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Questrade for info on safety, trading platforms and funding.

Questrade fees at a glance
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	Low	The fees are built into the spread, 1.9 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

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The fee structure is transparent and easy to understand.

Low stock and ETF commission

Questrade stock and ETF fees by market
	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

Low FX fees

Questrade forex fees
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
EURUSD spread Usual spread in pips	1.9	- EURUSD is not available	- EURUSD is not available
GBPUSD spread	2.0	- GBPUSD is not available	- GBPUSD is not available
AUDUSD spread	2.0	- AUDUSD is not available	- AUDUSD is not available
EURCHF spread	4.1	- EURCHF is not available	- EURCHF is not available
EURGBP spread Usual spread in pips	2.1	- EURGBP is not available	- EURGBP is not available

High options commission

Questrade stock index options commission
	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

No inactivity fee, no withdrawal fee

There is no account fee, and withdrawals via electronic transfer are also free up to CAD 50,000 or $25,000. However, wire transfers cost $20-40 depending on your residency. International clients can only use wire transfers.
Questrade charges no inactivity fee.

Questrade inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
Questrade		$0
Qtrade Direct Investing		$0
RBC Direct Investing		$0

Other commissions and fees

You can find Questrade's fees for other asset classes below. Click 'Show more' for details.

Low mutual fund commission

On the other hand, the fund fees are high compared to other Canadian stockbrokers.

Fees for a $2,000 fund purchase
	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

The standard fee for mutual funds is $9.95 per trade.

High CFD fees:

Spread and commission for a $2,000 CFD trade
	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
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$23.5	- Apple stock CFD is not available	- Apple stock CFD is not available
Vodafone CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$34.4	- Vodafone stock CFD is not available	- Vodafone stock CFD is not available

Questrade's stock CFD fees are commission-based and have a minimum as seen in the table below:

Questrade stock CFD fees
Market	Commission	Minimum
North America
Canada	CAD 0.01 per share	CAD 9.95
USA	$0.01 per share	$9.95
Europe
United Kingdom	0.10% of the trade value	£11.95
Austria, Germany, Ireland	0.10% of the trade value	€11.95
Belgium, France, Netherlands, Portugal, Spain	0.10% of the trade value	€9.95
Denmark, Norway, Sweden	0.10% of the trade value	DKK/NOK/SEK 99.95
Finland	0.10% of the trade value	€13.95
Switzerland	0.10% of the trade value	CHF 11.95
Asia/Pacific
Australia	0.15% of the trade value	AUD 14.95
Hong Kong	0.20% of the trade value	HKD 59.95

Low bond commission

Questrade charges no bond fees, but you must buy a minimum of $5,000 per trade.

Fees for a $10,000 bond trade
	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.

High margin rates

Questrade annual margin rates
	Questrade Questrade	Qtrade Direct Investing Qtrade Direct Investing	RBC Direct Investing RBC Direct Investing
USD margin rate	12.3% Non-registered accounts: base rate + markup. Markup is 4.5% for debit balance below $100,000 and 3.5% for debit balance above	9.0% Base rate plus up to 1.25% markup, depending on your debit balance	9.5% Investment account: 8% annual financing rate for CAD accounts, while 9.5% for USD accounts

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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.