If you are looking at opening a new brokerage or investment account, the promotional offers below mean you won’t have to start from ground zero.
In addition to the free money, some of these platforms also beat their competition on fees, which means you continue to save money over time.
New Brokerage Account Promotions
Here are the current welcome bonuses and incentives.
1. Questrade Bonus ($50 Offer)
Offer: Get $50 in free trade credit when you open a new account and fund it with at least $1,000. This offer is ongoing and has no end date.
Questrade is one of Canada’s most popular brokerage platforms, with more than $30 billion in assets under management.
If you are serious about DIY investing, Questrade allows you to invest using stocks, ETFs, options, FX, GICs, bonds, new issues, and precious metals.
It also has a competitive fee schedule and free ETF purchases.
When you move your investment account to Questrade, your transfer fees are waived by up to $150.
2. Qtrade Promo Code (Up to $2,000 Offer)
Offer: Get up to a $2,000 cash bonus when you open a new account by March 4, 2024, and fund it. The more you fund, the more you get, as shown below.
Qtrade is a top Canadian brokerage platform offering access to stocks, ETFs, options, mutual funds, bonds, and GICs.
It is owned by Aviso Wealth, an investment firm with over $95 billion in assets under administration.
When you move your investment account from another bank to Qtrade, they cover the transfer fees of up to $150 if the value is $15,000 or more.
Related reading: Qtrade Promo Code.
3. Wealthsimple Trade Promotion
Offer: Get a $25 cash bonus when you deposit at least $150 in your new account.
Wealthsimple Trade is a free stock trading app that allows you to trade thousands of Canadian and U.S. Securities. In addition to commission-free trading, it has no minimum account balance requirement for new users.
You can invest using a TFSA, RRSP, or non-registered investment account.
You can also get up to $150 waived in transfer fees when you move over an account from another financial institution to Wealthsimple.
Read our review of Wealthsimple Trade and what it offers.
Discount broker promotions in Canada often include offers from the likes of TD, Scotiabank, CIBC, and RBC. While they do not appear to have active offers currently, you can learn about them in the links below:
- TD Direct Investing Review
- RBC Direct Investing Review
- CIBC Investor’s Edge Review
- Scotia iTrade Review
Investment Account Promotions in Canada
A robo-advisor or online wealth manager takes the hassle out of investing. They automatically invest your money using low-cost ETFs and rebalance it when needed.
These platforms also help you figure out stuff like dividend re-investing, tax-loss harvesting, portfolio customizations, and more.
Below are some of the best robo-advisor promotions in Canada.
4. Questwealth Portfolios Promotion
Offer: Invest up to $10,000 free for one year. When you open a Questwealth account, using our exclusive link, you don’t pay management fees for one year.
Questwealth is the managed investment service offered by Questrade.
This platform has one of the lowest fees for robo-advisors at 0.20% – 0.25%.
As with Questrade, you need a deposit of at least $1,000 to invest with Questwealth and take advantage of the promotional offer.
Read our Questwealth review for more information.
5. Wealthsimple Invest Promo
Offer: Get a $25 cash bonus when you open an account and deposit $500 or more.
Wealthsimple is Canada’s most popular robo-advisor, with more than $15 billion in assets under management.
It uses time-tested Nobel Prize-winning investment strategies to manage your portfolio and cuts your fees by investing with ETFs.
You can open various accounts, including TFSA, RRSP, RESP, RRIF, LIRA, personal non-registered, and business investment accounts.
I have reviewed Wealthsimple in detail.