{"id":336193,"date":"2024-01-02T11:06:00","date_gmt":"2024-01-02T16:06:00","guid":{"rendered":"https:\/\/mp-2702.milesopedia.dev\/?p=336193"},"modified":"2026-05-08T15:52:47","modified_gmt":"2026-05-08T15:52:47","slug":"questrade-review","status":"publish","type":"post","link":"https:\/\/mp-2702.milesopedia.dev\/en\/reviews\/products\/questrade-review\/","title":{"rendered":"Evaluation of Questrade: Canada&#8217;s largest independent online brokerage firm"},"content":{"rendered":"\n<p><a target=\"_blank\" href=\"\/go\/questrade\/\"><b>Questrade<\/b><\/a><b> is an investment dealer that opened its doors in 1999. Over the years, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> has become the largest independent broker in Canada. <\/b>The company has $30 billion in assets under management and is a 12-time winner of Canada&#8217;s Best Managed Companies list.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1706\" height=\"818\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 01. Questrade EN\" class=\"wp-image-337321\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN.png 1706w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN-450x216.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN-1024x491.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN-200x96.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/01.-Questrade-EN-768x368.png 768w\" sizes=\"(max-width: 1706px) 100vw, 1706px\" \/><\/figure>\n\n\n\n<p>As you will see below, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers several products and services, such as self-directed investments with the brokerage platform and professionally managed active investment portfolios. What&#8217;s more, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> sets itself apart from the competition by offering an impressive variety of individual, joint, corporate and trust accounts. In 2023, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> made a big splash by being the first online broker in Canada to offer the First-Home Savings Account <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/real-estate\/fhsa-everything-you-need-to-know\/\">(FHSA<\/a>).<\/p>\n\n\n\n<p>Whether you&#8217;re a novice or an advanced investor, <strong>Questrade<\/strong> has the trading platforms and analysis tools to meet your needs.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"318807\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-services-does-questrade-offer\">What services does Questrade offer?<\/h2>\n\n\n\n\n\n<p>The <a target=\"_blank\" href=\"\/go\/questrade\/\">Questrade<\/a> online brokerage platform offers a wide variety of products and services. Firstly, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers a <b>self-directed investment service<\/b> (Questrade Trading) and a professionally <b>managed investment portfolio service<\/b> (Questwealth Portfolios).<\/p>\n\n\n\n<p>Next, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers several <b>types of investment accounts<\/b>, including margin accounts, registered accounts <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/tax-free-savings-account-tutorial\/\">(TFSA<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/real-estate\/fhsa-everything-you-need-to-know\/\">FHSA<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-education-savings-plan-resp-101\/\">RESP<\/a>,<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-retirement-savings-plan-rrsp-101\/\"> RRSP<\/a>, RRIF, etc.) and corporate accounts.<\/p>\n\n\n\n<p>Subsequently, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> enables trading in a wide variety of <b>investment products<\/b>, from safe investments such as guaranteed investment certificates (GICs) to more volatile asset classes such as equities, exchange-traded funds (ETFs) and options.<\/p>\n\n\n\n<p>Finally, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers several <b>trading platforms<\/b>, including an online trading platform (Questrade Trading), a mobile application (QuestMobile) and an advanced trading application to install on your computer (Questrade Edge).<\/p>\n\n\n\n<p>Here&#8217;s more information on each of <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>&#8216;s products and services&#8230;<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--3'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"192473,191721,189231\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-questrade-trading\">Questrade Trading<\/h3>\n\n\n\n<p><b>Questrade Trading lets you invest in the stock market yourself, using a variety of trading platforms, investment products and account types. <\/b>With the help of Questrade Global, you can also invest in commodities and foreign exchange (Forex). Questrade charges no administration or inactivity fees, and trading fees are among the lowest in Canada.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-questwealth-portfolios\">Questwealth Portfolios<\/h3>\n\n\n\n<p><b>Questwealth Portfolios is a professionally managed investment portfolio service from <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>.<\/b>Management fees are 0.25% per year (or 0.20% if you invest $100,000 or more). With management fees of 0.12% for the ETFs held in the portfolio, total fees amount to 0.37%. This service offers automatic portfolio rebalancing when necessary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-investment-account-types\">Investment account types<\/h3>\n\n\n\n<p>As mentioned above, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers several types of investment accounts.<\/p>\n\n\n\n<p>First, here are the <b>most popular accounts<\/b>:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/tax-free-savings-account-tutorial\/\">TFSA<\/a> (Tax-Free Savings Account)<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-retirement-savings-plan-rrsp-101\/\">RRSP<\/a> (Registered Retirement Savings Plan)<\/li>\n\n\n\n<li>Individual margin accounts<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/real-estate\/fhsa-everything-you-need-to-know\/\">FHSA<\/a> (First-Home Savings Account)<\/li>\n<\/ul><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1640\" height=\"815\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 02. Questrade EN\" class=\"wp-image-337333\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN.png 1640w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN-450x224.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN-1024x509.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN-200x99.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/02.-Questrade-EN-768x382.png 768w\" sizes=\"(max-width: 1640px) 100vw, 1640px\" \/><\/figure>\n\n\n\n<p>Next, here are the other types of accounts offered by <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> for self-directed investments: retirement, education, business, etc.<\/p>\n\n\n\n<p><b>Retirement&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-retirement-savings-plan-rrsp-101\/\">RRSP<\/a> (Registered Retirement Savings Plan)<\/li>\n\n\n\n<li>Spousal RRSP<\/li>\n\n\n\n<li>Locked-in RRSP<\/li>\n\n\n\n<li>LIRA (Locked-In Retirement Account)<\/li>\n\n\n\n<li>RRIF (Registered Retirement Income Fund)<\/li>\n\n\n\n<li>LIF (Life Income Fund)<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Studies&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-education-savings-plan-resp-101\/\">RESP<\/a> (Registered Education Savings Plan)<\/li>\n\n\n\n<li>Family RESP<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Entity and trust&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Business<\/li>\n\n\n\n<li>Investment club<\/li>\n\n\n\n<li>Partnership<\/li>\n\n\n\n<li>Sole proprietorship<\/li>\n\n\n\n<li>Formal trust, informal trust and informal joint trust<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Margin accounts&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Individual margin account (non-registered account)<\/li>\n\n\n\n<li>Joint margin account<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Forex&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Forex (foreign exchange market) and individual CFDs (contracts for difference)<\/li>\n\n\n\n<li>Joint Forex and CFD<\/li>\n<\/ul><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-investment-products\">Investment products<\/h3>\n\n\n\n<p>The following is a list of <b>investment products<\/b> available as self-directed investments from <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>. Note the wide variety of investment types for all objectives, investment strategies and risk levels.<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Money market<\/li>\n\n\n\n<li>Company shares<\/li>\n\n\n\n<li>Exchange Traded Funds (ETFs)<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/asset-allocation-etf-where-start\/\">Asset allocation ETFs<\/a><\/li>\n\n\n\n<li>Options (purchase or sale contract)<\/li>\n\n\n\n<li>Forex (foreign exchange)<\/li>\n\n\n\n<li>IPO (initial public offering)<\/li>\n\n\n\n<li>Contracts for difference<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/the-basics-of-mutual-funds-in-canada\/\">Mutual Funds<\/a><\/li>\n\n\n\n<li>Government or corporate obligations<\/li>\n\n\n\n<li>Guaranteed Investment Certificates (GICs)<\/li>\n\n\n\n<li>International equities<\/li>\n\n\n\n<li>Precious metals<\/li>\n<\/ul><\/div>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--2'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"210650,210629\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-trading-platforms\">Trading platforms<\/h3>\n\n\n\n<p><a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> offers several <b>trading platforms<\/b> for beginners and more experienced investors alike.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1431\" height=\"665\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 03. Questrade EN\" class=\"wp-image-337327\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN.png 1431w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN-450x209.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN-1024x476.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN-200x93.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/03.-Questrade-EN-768x357.png 768w\" sizes=\"(max-width: 1431px) 100vw, 1431px\" \/><\/figure>\n\n\n\n<p><b>All-in-one platforms&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><b>Questrade Trading<\/b>: Main online trading platform with integrated &#8220;Learning Mode&#8221; function.<\/li>\n\n\n\n<li><b>QuestMobile<\/b>: Mobile application (iOS and Android) with integrated &#8220;Learning Mode&#8221; function.<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Advanced trading platforms&nbsp;: <\/b><\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><b>Questrade Edge Mobile<\/b> (new): Mobile application designed for active traders.<\/li>\n\n\n\n<li><b>Questrade Edge<\/b> (IQ Edge): Advanced trading platform available on the Web and as a version to be installed on your computer (PC and Mac).<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Questrade Global<\/b>: Platform for trading currencies (Forex) and commodities on international markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-much-does-it-cost-to-use-questrade\">How much does it cost to use Questrade?<\/h2>\n\n\n\n<p><b><a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> charges no administration or inactivity fees<\/b>. What&#8217;s more, it offers some of the lowest trading fees in Canada.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1477\" height=\"710\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 04. Questrade EN\" class=\"wp-image-337323\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN.png 1477w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN-450x216.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN-1024x492.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN-200x96.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/04.-Questrade-EN-768x369.png 768w\" sizes=\"(max-width: 1477px) 100vw, 1477px\" \/><\/figure>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><b>Share<\/b>: 1\u00a2\/share, with a minimum commission of $4.95 and a maximum of $9.95 per transaction.<\/li>\n\n\n\n<li><b>ETFs<\/b>: Buying ETFs is free, and selling ETFs works the same way as for stocks (1\u00a2\/share, min. $4.95 and max. $9.95).<\/li>\n\n\n\n<li><b>Options<\/b>: $9.95 + $1\/contract<\/li>\n\n\n\n<li><b>Mutual funds<\/b>: $9.95 per transaction<\/li>\n\n\n\n<li><b>Bonds<\/b>: minimum purchase of $5,000<\/li>\n\n\n\n<li><b>GIC<\/b>: minimum purchase of $5,000<\/li>\n<\/ul><\/div>\n\n\n\n<p><b>Precious metals<\/b>: US$19.95 per transaction<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-data-packages\">Market data packages<\/h2>\n\n\n\n<p>Several features are available free of charge with all <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> accounts. These include unlimited instant quotes for equities and ETFs (at the click of a button) and continuous real-time streaming of TSX and TSXV indices.<\/p>\n\n\n\n<p>However, for active investors who wish to obtain additional data, and for data to appear in real time without refreshing the page, you need to subscribe to a monthly plan.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1285\" height=\"547\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 05. Questrade EN\" class=\"wp-image-337325\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN.png 1285w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN-450x192.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN-1024x436.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN-200x85.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/05.-Questrade-EN-768x327.png 768w\" sizes=\"(max-width: 1285px) 100vw, 1285px\" \/><\/figure>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><b>Real-time options<\/b>: For $19.95 a month, you get Level 1 quotes on Canadian and U.S. exchanges. Plus, you get a full refund ($19.95) if you spend more than $48.95 on trading commissions.<\/li>\n\n\n\n<li><b>Continuous release of advanced Canadian data<\/b>: For $89.95 per month, you get additional Level 1 and 2 data for a closer look at Canadian stock markets and index data. Plus, you get a partial refund ($19.95) if you spend more than $48.95 on trading commissions, or a full refund if you spend more than $399.95 on trading commissions.<\/li>\n<\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-i-open-a-questrade-account\">How do I open a Questrade account?<\/h2>\n\n\n\n<p>The <b>online account opening process<\/b> is very simple:<\/p>\n\n\n\n<div class=\"component component__list\"><ol class=\"wp-block-list\">\n<li>Open your account online<\/li>\n\n\n\n<li>Sign and submit documents online<\/li>\n\n\n\n<li>Transfer money to your account instantly<\/li>\n\n\n\n<li>Start trading<\/li>\n<\/ol><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1441\" height=\"638\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 06. Questrade EN\" class=\"wp-image-337331\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN.png 1441w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN-450x199.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN-1024x453.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN-200x89.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/01\/06.-Questrade-EN-768x340.png 768w\" sizes=\"(max-width: 1441px) 100vw, 1441px\" \/><\/figure>\n\n\n\n<p>However, not all stages of the account opening process are offered in French. For example, the account creation step is available in both English and French. While the steps for submitting documents online and funding the account are offered in English only. According to their website, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> is working to complete the French translation of its website and trading platforms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reimbursement-of-transfer-fees\">Reimbursement of transfer fees<\/h3>\n\n\n\n<p>When you transfer your investment accounts from your current bank or online broker to <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>, you can obtain a refund of the transfer fee. Your former bank may charge you a fee, usually between $50 and $150. Questrade offers a refund of these fees, up to $150 per account. To request a refund, simply send <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> proof of fees paid within 60 days of the transfer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-questrade-customer-service\">Questrade Customer Service<\/h2>\n\n\n\n<p><a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> customer service is available via chat, telephone, e-mail and in person.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1600\" height=\"721\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade.png\" alt=\"Evaluation of Questrade: Canada's largest independent online brokerage firm - 06. Questrade\" class=\"wp-image-336007\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade.png 1600w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade-450x203.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade-1024x461.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade-200x90.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2023\/12\/06.-Questrade-768x346.png 768w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Chat: Monday to Friday, 9 a.m. to 4:45 p.m.<\/li>\n\n\n\n<li>Telephone: Monday to Thursday, 8:30 a.m. to 8:00 p.m. and Friday, 8:30 a.m. to 5:30 p.m.<\/li>\n\n\n\n<li>E-mail: any time.<\/li>\n\n\n\n<li>In person: Monday to Friday between 9 a.m. and 5 p.m. at their North York office (5700 Yonge St, North York, ON M2M 4K2).<\/li>\n<\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advantages-and-disadvantages-of-questrade\">Advantages and disadvantages of Questrade<\/h2>\n\n\n\n<p>Here are the advantages and disadvantages of <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-advantages\"><b>Advantages: <\/b><\/h4>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>No administrative or inactivity fees.<\/li>\n\n\n\n<li>Free ETF purchases.<\/li>\n\n\n\n<li>Wide variety of investment accounts, including the new <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/rrsp-fhsa-maximize-tax-refund\/\">FHSA<\/a>, joint accounts and corporate accounts (which many competitors don&#8217;t offer).<\/li>\n\n\n\n<li>Wide variety of investment products: equities, ETFs, options, FOREX, IPOs, etc.<\/li>\n\n\n\n<li>Web, mobile and desktop trading platforms.<\/li>\n\n\n\n<li>Questwealth Portfolios, a professionally managed investment portfolio service.<\/li>\n<\/ul><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-disadvantages\"><b>Disadvantages&nbsp;:<\/b><\/h4>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Trading platform available in English only (currently undergoing French translation).<\/li>\n\n\n\n<li>Trading fees for equities and ETF sales (compared to other online brokers who offer free trading).<\/li>\n\n\n\n<li>Purchase of fractional shares not available.<\/li>\n<\/ul><\/div>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"195620\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bottom-line\">Bottom Line<\/h2>\n\n\n\n<p>In short, <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> lets you invest on your own (self-directed investments) or with the help of professionals (actively managed investment portfolios). Whether you&#8217;re a novice or an advanced investor, <strong>Questrade<\/strong> offers the trading platforms and analysis tools to meet your needs.<\/p>\n\n\n\n<p>For more information, please visit the <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a> website or contact customer service at <a target=\"_blank\" href=\"\/go\/questrade\/\">www.questrade.com<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions\">Frequently Asked Questions<\/h2>\n\n\n\n<p>Here are the answers to the most frequently asked questions about <a target=\"_blank\" title=\"Questrade\" href=\"\/go\/questrade\/\" rel=\"noindex\">Questrade<\/a>.<\/p>\n\n\n<aside class=\"component component__faq wp-block-milesgutenberg-faq\">\n\t\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_do_i_open_a_questrade_account_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow do I open a Questrade account?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>The online account opening process is very simple. In fact, there are just four steps: open the account, submit documents online, fund the account, start trading. However, not all stages of the account opening process are offered in French.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_to_use_questrade\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow to use Questrade\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>The <a target=\"_blank\" href=\"\/go\/questrade\/\">Questrade<\/a> online brokerage platform offers a wide variety of products and services. First, you need to choose between self-directed investing (online brokerage) or professionally managed investment portfolios (Questwealth Portfolios). For independent investors, you can open several types of investment accounts, such as margin accounts and registered accounts <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/tax-free-savings-account-tutorial\/\">(TFSA<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/real-estate\/fhsa-everything-you-need-to-know\/\">FHSA<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-education-savings-plan-resp-101\/\">RESP<\/a>,<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/investing\/registered-retirement-savings-plan-rrsp-101\/\"> RRSP<\/a>, etc.). You can trade a variety of investment products, such as stocks, exchange-traded funds (ETFs) and options. Among the many platforms available, you can use the online trading platform (Web), the mobile app (iOS and Android) or the advanced trading app to install on your computer (PC and Mac).<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"is_questrade_safe_and_reliable_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tIs Questrade safe and reliable?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Of course. <a target=\"_blank\" href=\"\/go\/questrade\/\">Questrade<\/a> is an investment dealer that opened its doors in 1999 and has grown to become Canada&#8217;s largest independent investment dealer. It has $30 billion in assets under management and is a 12-time winner of Canada&#8217;s Best Managed Companies competition. Questrade is a member of IIROC (&#8220;Investment Industry Regulatory Organization of Canada&#8221;) and CIPF (&#8220;Canadian Investor Protection Fund&#8221;). Finally, Questrade protects its customers&#8217; accounts with an additional $10 million in private insurance.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<\/aside>","protected":false},"excerpt":{"rendered":"<p>In this article, find out how to invest in the stock market with Questrade, Canada&#8217;s largest independent online brokerage firm.<\/p>","protected":false},"author":2488,"featured_media":336043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[619],"tags":[],"mc_loyalty_program":[],"class_list":["post-336193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products"],"acf":{"mc_approved_badge":false,"mc_card_used":"","mc_featured_card_specific":null,"mc_hide_featured_card":false,"mc_post_checklist":{"mc_post_checklist_true":null,"mc_post_checklist_false":null}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - 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