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Questrade

Canada | 5-10 years |
Regulated in Canada | Market Maker (MM) | Global Business | Medium potential risk

http://www.questrade.com/

Website

Rating Index

Influence

Influence

AA

Influence index NO.1

Canada 9.50
Surpassed 67.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+1 888.783.7866
http://www.questrade.com/
5700 Yonge Street Suite 1900 Toronto ON M2M 4K2
https://www.facebook.com/questrade

Licenses

Licensed Entity:Questrade, Inc.

License No. Unreleased

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-06-15
  • The current information shows that this broker does not have a trading software. Please be aware!

Basic Information

Registered Region
Canada
Operating Period
5-10 years
Company Name
Questrade, Inc.
Abbreviation
Questrade
Company employee
--
Contact Number
+18887837866
Company Website
Company address
5700 Yonge Street Suite 1900 Toronto ON M2M 4K2

Mayaz Ahmad

Unverified

Bangladesh

A client has complained that he had to lose a lot of money due to the lousy and incompetent behaviour of this broker. He also complained about the poor customer service of this broker and advised others not to invest in this broker. Many other clients also complained about this broker.

Exposure

2021-07-17

Nicolas Navarro

Authenticated
Unverified

Argentina

Most users agree that their web version is suitable for portfolio management. It also offers commission-free trading in stocks and ETFs.

Positive

Three days ago

smiler296

Unverified

Hong Kong

A few weeks ago, after trying a demo account for a month, I opened a mini live account. Compared to other brokers, QuestradeFX requires a large amount of documents to open an account. I don't like their web-based Java trading platform, it's too slow to start. It also doesn't support hedging and doesn't display swap rates, which is annoying for carry trades. The charts and customer service are acceptable. I chose QuestradeFX because I can easily transfer funds from my stock trading accounts, which are also with Questrade. Once I gain more experience, if the aforementioned issues are not resolved and no automated system (such as Metatrader) is added, I will consider switching to another platform.

Neutral

2024-07-31

smiler296

Unverified

Hong Kong

A few years ago, I traded through this company and closed my account easily and smoothly. Trading in the autumn season was difficult, and I felt that continuing forex trading was not worthwhile, so I closed it. The staff was good, but the waiting time was sometimes long. Now I use the Interactive Broker platform, which is faster and more reliable.

Positive

2024-07-31

smiler296

Unverified

Hong Kong

I have a TFSA account at Questrade, where I deposit money every year but don't make any trades. As long as I remember that market orders are charged double the price of limit orders, it's not a problem. I was originally considering opening a regular trading account, but the comments here have changed my mind. I hope Questrade pays attention to these comments and improves their service.

Neutral

2024-07-31

smiler296

Unverified

Hong Kong

In the past two years of trading with Questrade FX, it is not top-notch but also not encountered fraud. Insufficient under pressure, there are occasional re-quotes, occasional disconnections, and slow customer service, but it is still acceptable for small forex traders. Previous posts mostly complained about stock trading issues, and this forum seems to focus on forex broker evaluations. It is worth noting that profits can be withdrawn by mailing a check and there are no transaction fees, which is commendable.

Positive

2024-07-31

smiler296

Unverified

Hong Kong

Trading on the Questrade platform for 3 months, I feel stable, with no tricks in the orders. They are executed as requested regardless of when the order is placed or the impact of news. However, the basic charting functionality needs improvement. The customer service is reliable. In conclusion, as a good platform for learning trading fundamentals, I wish you all happy trading and good luck.

Positive

2024-07-29

smiler296

Unverified

Hong Kong

I am quite satisfied with Questrade. It took about one to two weeks to open an account in August 2008, and it took roughly the same amount of time to transfer funds from my TD US dollar account to Questrade. After logging in, Questrade displays the balances of my Canadian dollars and US dollars. There are two login steps, one for trading and another to access the trading details from the Montreal-based trading processor, Penson. Their online chat customer service responds promptly and can quickly and effectively answer any questions, no matter how simple. Compared to the high fees charged by banks, their trading fees are more reasonable: $4.95 CAD for stocks and $11.95 USD for US stock options.

Positive

2024-07-29

丰收果

Unverified

New Zealand

This Questrade contacted me very actively and I haven’t figured out now… I wonder if there is anybody who know what this company do, and how it performs, for I do have a plan to make some investments…

Neutral

2023-02-16

素素9728

Unverified

Hong Kong

It is very important to do the Internet with the right team and the right candidates for the project! Knowing Catalan Securities, although the income is not so high, it is safe, legal and stable. Sometimes the system update is a bit stuck. I believe Catalan will get better and better. Thanks 😊

Positive

2022-11-25

刘海涛

Unverified

Hong Kong

Follow a reliable team and earn money every day. By next May, you will be able to achieve financial freedom in life😇😇

Positive

2022-11-23

大炮5113

Unverified

Hong Kong

Thank you Catalina for the platform that is so powerful, my team and I have made money 🥰🥰

Positive

2022-11-19

12
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Sources
Language
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Creatives

Website

Most visited countries/areas
Canada
questrade.com
204.89.196.82
Server Location
Canada
ICP registration
--
Most visited countries/areas
Canada
Domain Effective Date
0001-01-01
Website
WHOIS.EASYDNS.COM
Company
EASYDNS TECHNOLOGIES, INC.

Company Summary

Questrade Review Summary
Founded1999
Registered Country/RegionCanada
RegulationCIRO
Market InstrumentsStocks, ETFs, options, GICs, mutual funds, bonds, forex, CFDs, IPOs, international equities, precious metals
Demo Account
Trading PlatformQuestrade Trading (web), QuestMobile (iOS, Android), Questrade Edge (web/desktop/mobile), Questrade Global (forex & CFDs)
Minimum Deposit$10
Customer SupportLive chat

Questrade Information

Questrade, founded in 1999, is a well-known Canadian internet broker regulated by the CIRO. It provides a diverse selection of investment products, including stocks, ETFs, options, FX, CFDs, and more, as well as numerous account kinds customized to specific financial objectives.

Questrade's homepage

Pros and Cons

ProsCons
$0 commission on stocks and ETFsNo MetaTrader (MT4/MT5) support
Wide range of account types (retirement, TFSA, RESP, forex/CFD, corporate)Some products (e.g., international equities) have high minimum fees
Advanced and user-friendly proprietary platformsNo Islamic (swap-free) accounts offered

Is Questrade Legit?

Yes, Questrade is legitimate. It is regulated by the Canadian Investment Regulatory Organization (CIRO) under a Market Maker (MM) license.

Regulated by CIRO

What Can I Trade on Questrade?

Questrade provides a wide range of investing products, including stocks, ETFs, options, GICs, mutual funds, bonds, FX, CFDs, IPOs, overseas equities, and precious metals.

Tradable InstrumentsSupported
Stocks
ETFs
Options
GICs
Mutual Funds
Bonds
Forex
CFDs
IPOs
Equities
Precious Metals
Indices
Cryptocurrencies
Trading products

Account Type

Questrade provides a comprehensive range of live accounts designed to meet specific life and financial goals, such as tax-free, retirement, education, home savings, trust, corporate, margin, and forex/CFD accounts. It also offers demo accounts for practicing. However, there is no mention of Islamic (swap-free) accounts in their official publications.

Account Type Suitable for
TFSA (Tax-Free Savings Account)Individuals wanting tax-free growth & withdrawals
RRSP (Registered Retirement Plan)Retirement savers looking for tax benefits
RESP (Registered Education Savings)Parents saving for childrens education
FHSA (First Home Savings Account)First-time homebuyers saving for down payment
Spousal RRSP, Locked-In RRSP, LIRA, etc.Couples and retirees managing long-term funds
Trust Accounts (Formal/Informal)Families or entities managing funds under trust
Individual & Corporate Forex/CFDsActive forex and CFD traders, individuals or businesses
Margin & Cash Accounts (Individual, Joint, Corporate)Traders and investors using leverage or cash trading
Account Type

Questrade Fees

Questrade's overall fees are lower than many industry competitors, particularly for stock and ETF trading, which includes no commissions. Certain products, such as options, mutual funds, bonds, international equities, and precious metals, have specified fees or minimums.

Trading ProductFee
Stocks$0
ETFs
Options$0 + ¢99 per contract
Forex (FX)Spread from 0.08 pips
CFDs
Mutual Funds$9.95 per trade; deferred sales charge if withdrawn early
BondsMinimum $5,000 purchase
GICsMinimum $5,000 purchase; fees if withdrawn early
International EquitiesMinimum $195 + exchange/stamp fees; ~1% of trade value
IPOs / New IssuesMinimum $5,000 purchase; free to buy
Precious Metals$19.95 USD per trade
Questrade Fees

Non-Trading Fees

Non-Trading FeesAmount
Deposit Fee0
Withdrawal Fee0
Inactivity Fee0
Non-trading fees

Trading Platform

Trading PlatformSupportedAvailable Devices
Questrade TradingWeb
QuestMobileiOS, Android
Questrade EdgeiOS, Android, Windows, macOS, Web
Questrade GlobalWeb
MetaTrader (MT4/MT5)
Trading Platform

Deposit and Withdrawal

Questrade does not impose any deposit or withdrawal fees. When making an Instant amount via Visa Debit or Interac, the minimum amount is $10 (CAD).

Deposit Options

Deposit MethodMinimum DepositDeposit FeesDeposit Time
Visa Debit (Instant)$10 CAD0Instant (up to daily limit, e.g., $10,000)
Interac e-TransferInstant (within banks transfer time)
Bank Transfer (Bill Pay)$50 CAD1–2 business days
EFT (Electronic Funds Transfer)

Withdrawal Options

Withdrawal MethodWithdrawal FeesWithdrawal Time
EFT 0Up to 5 business days
Wire TransferVaries by bank
Request Withdrawal (online)Depends on withdrawal method
Deposit

Keywords

  • 5-10 years
  • Regulated in Canada
  • Market Maker (MM)
  • Global Business
  • Medium potential risk

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