Questrade Review 2026 — Account, Fees & Rates
Our Verdict
Questrade, an online broker and member of CIRO and CIPF, charges no commission on stocks and ETFs listed in Canada and the United States traded online; its trading platforms are not yet available in French.
Questrade charges no commission on Canadian and U.S. stocks and ETFs traded online, and no contract fees on U.S. stock options; Canadian and index options cost $0.99 per contract. Questrade, Inc. is a member of CIPF, whose protection goes up to $1M for all general accounts combined (TFSA and FHSA included), plus $1M for registered retirement accounts and $1M for RESPs. The Questrade app is rated 4.7/5 on the App Store (19K ratings), and the Questrade Edge platform targets active traders. Conversions between Canadian and U.S. dollars cost 1.5%, but registered accounts can hold U.S. dollars. A French-speaking support team answers by phone and by chat, but the trading platforms are not yet available in French.
Fee Comparison Table
No commission on stocks and ETFs listed in Canada and the United States traded online, and no contract fees on U.S. stock options; Canadian and index options: $0.99 per contract. Mutual funds: $9.95 per transaction; bonds: $24.95. No annual account fee and no inactivity fee. Exchange between Canadian and U.S. dollars: 1.5%. Optional Questrade Plus subscription: $19.99 per month.
Detailed Scores
| Criterion | Score | Weight | Comment |
|---|---|---|---|
| Deposit insurance & regulatory compliance | 8/10 | 15 % | Questrade, Inc. is a registered investment dealer, a member of the Canadian Investment Regulatory Organization (CIRO) and of the Canadian Investor Protection Fund (CIPF), on whose member list it appears. CIPF protection generally goes up to $1M for all general accounts combined (cash accounts, margin accounts, TFSAs and FHSAs), plus $1M for all registered retirement accounts combined (RRSPs, RRIFs) and $1M for RESPs. Questwealth portfolios are managed by Questrade Wealth Management Inc., a registered portfolio manager. |
| Mobile & web app experience | 8/10 | 15 % | The Questrade app is rated 4.7/5 on the App Store (19K ratings). The Questrade Edge platform, available on the web and on desktop, is aimed at active traders; snap quotes and streaming level 1 data are free. The online trading platforms and the app are not yet available in French. |
| Complementary products & services | 8/10 | 10 % | Stocks, ETFs, fractional shares, options, bonds, GICs, mutual funds, private credit, forex and CFDs; Questwealth Portfolios managed portfolios (management fees of 0.25%, or 0.20% from $100,000). TFSA, FHSA, RRSP, RESP and RRIF accounts, cash and margin. No cryptocurrencies in the range. |
| Security & fraud protection | 6/10 | 10 % | Questrade's Privacy and Security Centre, updated on March 31, 2026, announces an online security guarantee; Questrade reminds clients that its employees never ask for a client's password. The public pages read describe neither two-factor authentication nor encryption. |
| Customer support | 7/10 | 10 % | Chat and phone (toll-free: 1.888.298.4515) Monday to Friday from 7:30 a.m. to 8 p.m., and Saturday and Sunday from 10 a.m. to 4 p.m. (Eastern Time). A French-speaking support team answers by phone or by chat. The Questrade Centre welcomes clients in person in North York, on weekdays from 9 a.m. to 5 p.m. |
| Pricing & fees | 9/10 | 20 % | No commission on Canadian and U.S. stocks and ETFs traded online; U.S. stock options with no contract fees, Canadian and index options at $0.99 per contract. Mutual funds: $9.95 per transaction; bonds: $24.95. Exchange between Canadian and U.S. dollars: 1.5%. No annual account fee and no inactivity fee, including on TFSAs, FHSAs, RRSPs, RESPs and RRIFs; transfer of an account to another institution: $150. |
| Interest rate & yield | 6/10 | 15 % | No guaranteed rate on brokerage accounts; Questrade offers GICs (no cost to buy or sell) and bonds. Questwealth managed portfolios: management fees of 0.25%, or 0.20% from $100,000. U.S. dollar margin rate as low as the prime rate minus 2.5% from 1,001 U.S. options contracts per month. |
| Transparency & governance | 7/10 | 5 % | Questrade publishes its trading fees, administrative fees, margin rates and market data pricing; the 1.5% currency exchange fee appears there with the date of its last update (November 18, 2023). Questwealth fees (0.25% or 0.20%) are displayed on its page. The CIRO advisor report is accessible from every page of the site. |
Strengths
- Commission-free ETF purchases — ideal for long-term passive investment strategies
- CIPF protection up to $1M for all general accounts combined, plus $1M for registered retirement accounts and $1M for RESPs.
- Broker and member of CIRO and CIPF.
- Extensive range: stocks, ETFs, fractional shares, options, bonds, GICs, mutual funds, forex and CFDs, plus Questwealth managed portfolios.
- No annual custody fee on TFSA, RRSP, RESP and RRIF
- Questrade app rated 4.7/5 on the App Store (19K ratings) and Questrade Edge platform for advanced profiles.
Weaknesses
- Online trading platforms and app not yet available in French.
- 1.5% fee on currency exchange transactions between Canadian and U.S. dollars.
- No direct exposure to cryptocurrencies, unlike Wealthsimple Trade
- Mutual funds at $9.95 per transaction and bonds at $24.95 per transaction.
Who Is It For?
- Canadian self-directed investors who regularly buy ETFs and want to minimize their transaction fees
- Savers who want a TFSA, an FHSA, an RRSP, an RESP or a RRIF with no annual account fees.
- Active investors who want the Questrade Edge platform, with free snap quotes and free streaming level 1 data.
- Beginners wishing to delegate management through Questwealth Portfolios (robo-advisor) at low fees (0.20-0.25%)
- U.S. stock options traders: no commission and no contract fees online.
Not Ideal For…
- Unilingual French-speaking investors: the online trading platforms and the app are not yet available in French, even though a French-speaking support team answers by phone and by chat.
- Those who often convert between Canadian and U.S. dollars: Questrade charges a 1.5% fee on each currency exchange transaction.
- Investors wishing to buy cryptocurrencies directly from their broker
- Those who buy mutual funds: $9.95 per transaction.
Alternatives
- Wealthsimple Trade — Cryptocurrency trading (more than 170 tokens), a website in French and no commission on stocks and ETFs listed in Canada and the United States.
- Banque Nationale Courtage direct — Online brokerage of National Bank of Canada: $0 commission on online stock and ETF trades.
- Interactive Brokers Canada — Access to 170 markets in 40 countries from a single platform; Interactive Brokers Canada Inc. is a member of CIRO and CIPF.
How this review was conducted
This review is a documentary assessment. It is based on Questrade's public interface, its published pricing and publicly available information, as recorded on 2026-06-02. No field test was carried out: no subscription, no purchase and no exchange with customer support took place. Some items were checked again on 2026-10-05 against the official pages cited. Pricing and terms change: check them on Questrade's own site before you decide.
The evaluation was conducted by the editorial team on the basis of an in-depth analysis of pricing conditions, regulatory documentation, user reviews (App Store, specialized forums) and the platform's technical characteristics. Each criterion was scored using a standardized grid covering eight key dimensions, from security to fee transparency. No period of testing under real trading conditions was carried out, which explains why certain observations about wait times and support are based on third-party user feedback.
Depending on the institution, this product falls under federal regulation (OSFI) or under that of Quebec's Autorité des marchés financiers (AMF). See our AMF disclosure page for more information.
Pricing information is indicative — verify current terms on the provider's website before subscribing. Affiliate disclosure.
