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Questrade is a Canadian online brokerage known for low-cost self-directed trading and its Questwealth managed portfolios. It offers commission-free ETF purchases, registered accounts (TFSA, RRSP, RESP) and desktop + mobile trading platforms aimed at DIY investors and active traders.

Founded1999

Best forself-directed investors and DIY traders

Price range$$

Ships toCanada

Highlights

💸Low trading costsCompetitive commission structure and commission-free ETF purchases help keep trading costs down for buy-and-hold and active investors alike.

🖥️Robust platformsOffers a full-featured desktop platform (IQ Edge), web trading and a polished mobile app with advanced charting and order types for active traders.

🤝Managed optionsQuestwealth Invest offers automated, professionally managed portfolios as a low-hassle alternative to self-directed investing.

Details

Trading platforms

Questrade provides multiple interfaces: a powerful downloadable workstation (IQ Edge) for active traders, a streamlined web platform for everyday investing and an iOS/Android app for trading on the go. Market data, customizable charts and order types are available, with professional tools exposed to users who trade regularly or require deeper analytics.

Accounts & pricing

Open registered accounts (TFSA, RRSP, RESP) and non-registered accounts; margin trading and options are supported. Pricing emphasizes low-cost trades and free ETF purchases, plus Questwealth managed portfolios for users who prefer a hands-off approach. Fee structure is transparent but can vary by product—review the brokerage's current fee guide before trading.

Funding & support

You can fund accounts via electronic bank transfers, wired deposits and bill-payment methods; Questrade also supports account transfers in and out. Customer support includes phone and online help plus a rich knowledge base. Expect document verification for registered accounts and occasional processing times for transfers and withdrawals.

Offerings

StocksETFsOptionsMutual fundsQuestwealth PortfoliosRRSP accountsTFSA accountsRESP accounts

Verdict

What we like

Commission-free ETF purchases and competitive commissions
Multiple trading interfaces (desktop, web, mobile) with advanced tools
Registered account support (TFSA, RRSP, RESP) and managed portfolios (Questwealth)

Worth knowing

Primarily serves Canadian residents—international access is limited
Fee schedule for advanced products can be complex

FAQ

Where does Questrade operate?

Questrade is a Canada-based brokerage that primarily serves Canadian residents. Some products and account types are restricted to Canadian clients; international residency can limit eligibility.

How do I transfer or close an account?

You can transfer accounts in or out using Questrade's transfer forms; transfers and closures require identity verification and may take several business days. Contact support or your receiving institution for the exact transfer process and any fees.

Are there promotions or discounts?

Questrade often runs promotions such as referral bonuses or commission credits for new accounts. Core cost savings come from commission-free ETF purchases—check Questrade's promotions page for current offers.