Overview of Questrade fees and charges

It's safe to say that Questrade'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 Questrade even in case you trade frequently like multiple times a week or daily.

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 Low The fees are built into the spread, 1 pip 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

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

Questrade fees
Questrade trading fees

Questrade'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 Questrade.

Trading fees

Questrade's trading fees are low.

Stock fees and ETF fees

Questrade has low stock trading fees.

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

Forex fees

Questrade's forex fees are low.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Questrade Qtrade RBC Direct Investing
EURUSD benchmark fee $8.2 - -
EURGBP benchmark fee $9.6 - -

Fund fees

Questrade fund fees are low.

A $2,000 fund buy fees
Questrade Qtrade 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 RBC Direct Investing
US Treasury bond $0.0 $18.7 $18.8
EU government bond - - -

Options fees

Questrade's options fees are average.

Stock index options fees of 10 contracts
Questrade Qtrade RBC Direct Investing
US stock index options $20.0 $15.9 $16.8
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 RBC Direct Investing
Apple CFD $10.1 - -
Vodafone CFD $15.9 - -
Germany $14.1 - -

Financing rates

Questrade financing rates are low.

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 RBC Direct Investing
Apple CFD financing rate 3.1% - -
Vodafone CFD financing rate 3.0% - -
EURUSD financing rate 1.7% - -
EURGBP financing rate 1.5% - -

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

Questrade fees
Questrade withdrawal fee

Unlike the majority of the 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 RBC Direct Investing
Bank transfer Yes Yes Yes
Credit/debit card No 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

Bence Komáromi

Author of this article

Bence is a finance professional and a former media executive. Currently he works at Morgan Stanley's brokerage and clearing department as a trading fees controller in Budapest, Hungary.

Bence Komáromi

guest writer

Bence is a finance professional and a former media executive. Currently he works at Morgan Stanley's brokerage and clearing department as a trading fees controller in Budapest, Hungary.

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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