Forex
Stocks
ETF
79/100
Rating
Go to Questrade Forex
Highlights
  • A choice of trading platforms, including Questrade Edge
  • Over 100 currency pairs covering majors, minors and exotics
  • Useful resources and tools
79/100
Rating
Go to Questrade Stocks
Highlights
  • Some of the lowest trading fees across all of Canada
  • Trading opportunities for everyone – not just Canadian residents
  • World-class educational resources to inform your trading in stocks
79/100
Rating
Go to Questrade ETF
Highlights
  • ETFs can give you exposure to multiple companies or resources at once
  • You’ll receive dividends from the companies within your portfolio
  • Low fees with no additional charges

Questrade Review 2021

Is Questrade Safe & Legit?

This page of our website is dedicated to our Questrade review, which aims to tell you everything you need to know about this Canada-based online brokerage.

Keep reading to discover all about Questrade, from the products available to trade, to information about deposits, withdrawals and the trading platforms and types of account that are available. If you’re thinking about signing up to an online broker, be sure to read this first!

Company
CompanyQuestrade Wealth Management Inc.
Headquarter
Year of Founding-
CEO-
Web Sitewww.questrade.com
Available Languages-
Customer Support
Email-
Phone-
Licence
IIROC - Investment Industry Regulatory Organization of Canada
Verified by-
Payment Methods
Credit Card
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Offers - Offers and promotions for new clients at Questrade

One of the first things we noticed as we compiled our Questrade review is the generous promotional offers available to new signups. Questrade aim to go that extra mile to provide their clients with additional value, so there are regular offers and promotions to help you make the most of your assets.

Refer a friend to Questrade and you’ll receive a $25 bonus, increasing to $50 for every third successful referral. You can also benefit from a friends and family offer that allows you to connect accounts with a friend or family member for reduced fees.

Our Questrade review also picked up on the fact that the site will rebate any transfer fees charged for moving your accounts to the broker. And there are two more offers currently available right now for new signups. Use the code ‘5FREETRADES’ to receive your first five trades completely free of all commission charges. Or use the code ‘ADVANTAGE14’ to receive a month’s worth of free trades, as well as level 2 market data streaming, to get you off to a flying start.

Usability and Design – Questrade is straightforward and easy to navigate

According to the findings of our Questrade review, the site was developed to enable Canadian investors to take charge of their own portfolios, so accessibility has been built into the site from the outset. There’s a cool color palette of whites, greens and blues, which makes the design very easy on the eye.

Clear navigation makes it easy to find the parts of the site you’re looking for, with a site map included so you can easily source the information you need. There are clear links to self-investments, portfolios and educational resources, as well as links to the help and support pages if you need any extra assistance. And Questrade have even included an Accessibility Tool, so you can configure the site according to your specific needs.

Accounts – Choose from a range at Questrade

Our Questrade review uncovered two distinct account types, enabling new traders at the site to either invest their own funds, or to select a managed portfolio. If you decide to go down the self-investment route you’ll find a choice of options, including:

Margin Account

The Margin Account is non-registered and taxable, allowing you to hold Canadian and US dollars in a cash account.

Tax-free Savings Account

A registered account holding Canadian and US dollars that lets you grow your investment tax free.

Retirement Savings Plan

Your investments will grow tax free until you decide to withdraw them.

Forex and CFDs

Trade across a wide variety of global markets and currencies, and benefit from price movements without investing in actual stock.

Investors and traders who don’t want to study the markets and spend time managing their assets can opt for a managed account. Sign up for a Questwealth account and you’ll be matched with a portfolio of ETFs, managed on your behalf by skilled and knowledgeable traders. You can select socially responsible options too, if that’s your preference.

Trading Platforms - A good selection

As we’ve already explained earlier in our Questrade review, there’s a wide range of accounts available, so it makes sense that you have a few options when it comes to trading platforms too.

Questrade Trading

Questrade Trading is the broker’s proprietary trading platform, offering opportunities for just about everyone to trade, manage accounts, research stocks and check on performance. Keep track of all your account balances as you monitor, research and trade your investments. The platform even includes an integrated Learning Mode, enabling you to finesse your trading skills as you go.

QuestMobile

Trading on the go isn’t a problem if you download the QuestMobile app, which is available for Android and iOS handheld devices. Check on the performance of your portfolio from anywhere, using the smartphone app which lets you research securities, make trades in real time and much more, all with the minimum of fuss, thanks to an intuitive interface. And just like the Questrade Trading platform, the app includes the Learning Mode feature, so you can develop your understanding of trading.

Questrade Edge

Our Questrade review discovered that Questrade Edge is an advanced trading platform, aimed at professional traders looking for additional features. The platform allows every trader to set up their own, unique and fully customized trading environment. Suitable for desktop and web traders, the Edge platform lets you trade advanced order types, and there’s access to loads of research tools too, including TipRanks, Morning Star and Trading Central.

Questrade Global

The Questrade Global platform has been developed to facilitate quick and easy foreign exchange trades across international markets. Trade in forex and CFDs from wherever you happen to be, create and personalise your own watchlists and activate advanced transactions, including multi-leg options.

Trading Payments – How to fund your Questrade account

You can deposit funds into your Questrade account in either CAD or USD, with a good range of options for doing so. Bear in mind though, that some deposit methods, such as transferring funds from another broker, can take up to 20 days to action. However, most methods are much quicker, with Visa and Interac debit card payments processed instantly.

Bank wire transfers, bank drafts, certified cheques and money orders take up to two business days to process, whilst pre-authorized deposits can take up to four days for deposits of $10,000 or less, and up to seven days for larger sums. Credit cards and credit card cheques aren’t supported as deposit methods.

Fees – Clear and transparent pricing at Questrade

As a major part of our Questrade review we examined the fees and pricing structure and discovered that all charges are explained in great detail, so you won’t have any unpleasant surprises. The fees depend on whether you choose to take charge of your own trades and investments, or if you prefer the broker to manage them for you.

Self-Directed Investments

Self-Directed Investing pricing is set as the default and offers the best deal for traders. Buy stocks from just $0.01 per share, with a minimum cost of $4.95, rising to a maximum of $9.95. You won’t be charged for ETFs when you purchase them, only when you sell. Options trading comes in at a flat rate of $9.95, with an additional $1 contract fee.

Active Trader Program

First you’ll need to subscribe to one of the advanced market data services, followed by a choice of variable or fixed-rate pricing. Stocks cost $0.01 per share, with a maximum of $6.95 for the variable plan, and $4.95 for each trade on the fixed plan.

If you trade options, you’ll be charged at $6.95 plus a $0.75 contract fee on the variable plan, and $4.95 plus $0.75 on the fixed plan. ETFs are free to purchase but attract a commission fee of $4.95 when sold on the fixed plan. The cost is 1% per share with the variable plan, up to a maximum of $6.95.

Questwealth Portfolios

Only available for Canadian residents, Questwealth Portfolios are managed for you, attracting an annual management charge of 0.25%, decreasing to 0.20% for investments valued at $100,000 or more.

If you’re looking for even more fee-free trading opportunities, be sure to take a look at our AvaTrade review while you’re on our site.

Customer Service – Help and support when you need it at Questrade

If you need any help or advice during your trading experience, our Questrade review discovered that you have plenty of options. The site has a huge database in its support section, covering everything from setting up your account to articles on advanced trading strategies. If the answer to your question can’t be resolved from checking out the onsite help, you can reach out to the customer support team in a number of ways.

Questrade invites contact via its social media channels, but if you’re looking for a more discreet approach the fastest response will be received via Live Chat. Email and telephone contact details are also provided, with clients reporting a speedy and efficient response from friendly and helpful staff. Be aware that the service doesn’t operate 24/7 though, so help will only be available during normal business hours.

Regulation and Deposit Insurance – Keeping your funds safe at Questrade

You can rest assured that Questrade is no fly-by-night organization, as it’s been around since 1999. Our Questrade review discovered that Questrade is a member of the Canadian Investor Protection Fund, and that it’s fully regulated by the IIROC. That means your assets are covered for up to CAD 1 million, as well as additional insurance up to CAD 10 million, which is almost unheard of from an online brokerage.

Additional Features - Plenty more for traders at Questrade

Our Questrade review unearthed the site’s Research Center, which gives access to research tools, including Intraday Trader, for real-time trading signals. Stocktwits gives access to a Twitter-style feed from other users keen to share their analyses.

There are some excellent investing opportunities across Canadian stock markets as well as US securities on the NYSE and NASDAQ. No matter which account you choose you can access precious metals, bonds, ETFs, options, mutual bonds and stocks. There are over 100 forex currency pairs available, and a separate account for CFDs.

Questrade Forex

Trade Offer – All the most popular currency pairs

Over 100 currency pairs are available to trade at Questrade, including majors, minors and exotics.

Trading Costs - Competitive fees

Our Questrade review uncovered a competitive pricing policy for forex traders, with target spreads as low as 0.8 pips. However, Questrade advises that the transaction cost for the trading spread you pay could vary from the target spread.

Trading Conditions – A choice of trading platforms

The Questrade Edge trading platform has been created to add value to your forex trading activities. Useful tools and features help you make the most of every opportunity, with a platform that can be fully customised to suit the way you trade.

Product summary - A wealth of forex trading opportunities

Our Questrade review highlights the wealth of forex trading opportunities across the site, with helpful resources and tools to maximise your chances of success.

79/100
Rating
Questrade Highlights
  • A choice of trading platforms, including Questrade Edge
  • Over 100 currency pairs covering majors, minors and exotics
  • Useful resources and tools
Go to Questrade
Questrade Crypto

Trade Offer - Trade crypto CFDs

Although Questrade doesn’t directly enable the purchase and trade of cryptocurrencies, our Questrade review discovered that it’s still possible to trade crypto ETFs on the site.

Trading Costs - Transparent pricing

Questrade aims to deliver a transparent pricing policy with fees that are kept as low as possible, making this a popular brokerage, particularly amongst Canadian traders and investors.

Trading Conditions - A choice of platforms

According to our Questrade review, there’s a choice of trading platforms to choose from, although Questrade Global is the recommended platform for conducting ETF trades.

Product Summary - Great for crypto ETFs

Although you can trade some crypto assets in the form of ETFs at Questrade, this isn’t the best option if you’re interested in cryptocurrencies. Take a look at our eToro review and our CoinSmart review for more options

79/100
Rating
Questrade Highlights
  • A choice of award-winning trading platforms
  • A choice of crypto ETFs available
  • Onsite learning resources and helpful tools
Go to Questrade

Questrade Review FAQ

☝ What is Questrade?

If you’re on the lookout for an outstanding online brokerage, come and check out our Questrade reviews. Whether you’re interested in finding out about Questrade crypto trading opportunities, or you want to know what deposit methods are available, we’ve got all the info you need to know, right here! Come and check it out!

❓ Is Questrade reliable?

If you want to be sure of staying safe online, and avoiding any potential Questrade scams, you need to come and read our comprehensive Questrade review. From details of the trading opportunities on offer to information about the trading platforms and on site resources, we’ve got everything you need to know. Have a look at our overall Questrade experience and rating!

✋ Should I sign up for a Questrade account?

Before you sign up to an online brokerage come and read our in-depth Questrade review, to discover if this could be your perfect online trading partner. From the available products to the choice of trading platforms, and much more, we’ll tell you all about the broker, so you can make up your own mind. Come and see what we have to say!

✅ Is Questrade safe?

Signing up to an online broker could potentially put your funds at risk, so don’t take any chances! Come and read our Questrade review to find out everything you need to know about the broker, before depositing any funds. From the types of account available to information about the onsite resources, we’ve got all you need to know, right here!

🇨🇦 Is Questrade only for Canadian traders and investors?

Questrade may be based in Canada, but does that mean traders from other countries can’t sign up? Read our complete Questrade review to find the answer, along with all the details you need to know about the Questrade online brokerage. From info about the types of account to the products available, we’ve got it all, so come and check it out!

Overall Conclusion – A Canada-based brokerage for global traders

The findings of our Questrade review show that this is a brokerage for every type of trader, from those just starting out to those with more experience. There’s a wide range of accounts, so whether you want to manage your own trades, or have them taken care of for you, you can be sure that you’re in safe hands.

According to our Questrade review, the brokerage is ideally suited for traders based in Canada, but you don’t have to be a Canadian resident, or even live in Canada, to take advantage of the trading opportunities on offer. Just be aware that opening an account can take a little longer if you apply from outside Canada – and that deposits must be made in either CAD or USD.

Be sure to check out our CMC Markets review, and our Forex.com review too, while you’re here, to discover even more fantastic trading opportunities!

79/100
Rating
Questrade Forex
*****
Go to Questrade Forex
Highlights
  • A choice of trading platforms, including Questrade Edge
  • Over 100 currency pairs covering majors, minors and exotics
  • Useful resources and tools

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