Questrade Review 2025 Pros, Cons, Fees & Promo

Questrade Review 2025 Pros, Cons, Fees & Promo

Questwealth Portfolios doesn’t have quite as many investment account options as Questrade Self-Directed Trading, but you can still choose from a variety of options, including TFSAs, RSPs, RESPs, and more. Questwealth portfolios are designed by industry experts to help you reach your financial goals and grow your investments. With Questwealth Portfolio, your investments are actively managed by a team of experts. They keep a watchful eye on the market and rebalance your portfolio for you, so you can keep focusing on what matters most. If you want to use Questrade’s active trading platform, there are two different fee plans you can choose from, depending on your needs. It’s a robust software that gives you a more user-friendly trading experience than the web-based version.

As a welcome offer, you will get a $50 trade commission rebate or have the Questrade management fee waived on your $10,000 investment for up to 1-year. As an online brokerage, Questrade makes it simple and straightforward to sign-up as a new client. The whole process can be completed with a few minutes using your mobile phone or desktop. With more than 250,000 accounts registered annually and $30 billion in assets under management, Questrade is one of the largest financial institutions in Canada. In addition to the fees listed above, when you transfer your money to Questrade from another broker, Questrade will rebate the transfer fees up to $150/account, regardless of the balance being transferred.

Questrade Review

As with its mobile app, IQ Edge is compatible with Mac and Windows systems. Questrade offers four different platforms that investors can take advantage of. When logging into your Questrade account through their website, investors can hit the “Trade” button and will be taken to the Questrade Trading platform.

Questrade vs. Qtrade

Every account at Questrade gets “snap quote” updates on your usual stocks and ETFs, as well as options. For active traders, Questrade Edge offers a range of tools to help users maximize their results. Questrade was the first of Canada’s online brokers to come out of the gate with a First Home Savings Account (FHSA).

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With the side-by-side comparison of Questrade and other leading financial institutions in Canada, hopefully, you can now make your choice. The bottom line is that you can’t make the wrong choice with Questrade because it’s one of the pacesetters in the Canadian online robo advisory and self-directed investing industry. First, you need to consider your investment or trading experience and determine whether to go with a robo advisor or self-directed brokerage. However, Justwealth has a relatively higher minimum balance of $5,000 on all accounts except RESP. Also, Justwealth charges a 0.40% – 0.50% management fee – minimum of $2.50 on RESP accounts and minimum of $4.99 fee for all non-RESP accounts. The interesting aspect of Qtrade is that it has award-winning customer service, comprehensive suites of tools, robust securities and trading accounts.

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• One thing that Edge users will get that others won’t is access to research powered by TipRanks.
• ETF trades are commission-free, which is an attractive feature for some investors.
• Other highly relevant research tools include analysts’ opinions, forecasts, fundamental and technical ratings, and good sentiment measures.
• Don’t listen to that “RRSPs are a scam” talk – it’s almost always a lie used to sell you things.
• People love the Questrade trading platform for several reasons.

Or, if passive investing is what you’re after, grow your investments without any of the stress with Questwealth’s comprehensive robo-advising platform. You’ll find a variety of helpful articles, YouTube videos, and blogs to help you make smarter investing choices. And if you end up needing more help than what the website offers, you can chat, call, or email a customer support specialist at any time. After 90 days, you can level up and flex your investing knowledge with real money. To get started, go to the Questrade Practice Account website and enter your name, email address and phone number.

• For additional protection, there is the option of private insurance to protect an additional amount of $1 million for each account insured through CIPF (Canadian Investor Protection Fund).
• Two active trader pricing plans are only available with either of the advanced data packages.
• Questrade offers all the standard investment accounts for personal and business needs, including registered accounts like the RRSP, TFSA, RESP, First Home Savings Account (FHSA), and non-registered ones.
• For instance, all online web applications use 256-bit encryption, which encrypts transactions through a secure connection.
• SRI ETF MERs are slightly higher, falling between 0.20% and 0.26%.
• We regularly updated and tested the new features that the various robo advisors offer.

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With streaming, which requires a subscription, is an excellent benefit, though it’s a drawback for those who don’t want to pay additional fees for real-time quotes. The cost for the real-time streaming service varies depending on the data level, which ranges from $19.95 to $89.95. If you need to withdraw funds from one of your Questrade accounts, there is no fee for this service, and your funds can be automatically deposited by bank transfer or electronic wallets for ease of access.

A DIY online brokerage is a major improvement on these Canadian investment options. Personally, I use the Qtrade discount brokerage, but Questrade is worth it for the vast majority of Canadians to consider. Questrade is one of Canada’s fastest growing online brokerages that offers both self-directed investing and pre-built portfolio options for longer term investores.

Questrade is Canada’s top independent discount brokerage platform. Learn about their fees, pros, cons, promo offer code, how to apply, and whether Questrade is safe. You pay a low fee when you sell, starting at $4.95 per trade. After your account is approved, connect your bank account and deposit funds to buy preferred assets. The minimum amount to start trading on Questrade is $250, although you can open an account with less. This Questrade review covers what you need to know about its brokerage service, its pros and cons, and why it is on my list of the best stock-trading apps questrade review in Canada.