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The Best Brokerage Account Promotions in Canada (May 2024)

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Fact Checked

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.

Like the best credit card deals or new bank account promotions, these new brokerage account promos can fetch you a few bucks to hundreds of dollars in bonuses.

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 Canada’s best discount brokerage platform, 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.

Learn more about Questrade.

VISIT QUESTRADE

2. Qtrade Promo Code (Up to $150 Offer)

Offer: Get up to a $150 cash bonus when you open a new account by October 31, 2024, and fund it. The more you fund, the more you get, as shown below.

qtrade 150 offer 2024

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.

VISIT QTRADE

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:

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.

3. 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.

4. Wealthsimple Invest Promo

Offer: Get a 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.

Top Promotions this month

Stop paying Fees. Get the best FREE chequing account offer in Canada + $400 cash bonus

Easy $400 cash bonus when you add a direct deposit to your Simplii account.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account or transaction fees.

No monthly or minimum balance is required.

Best no-fee cash back prepaid credit card with up to 5% cashback + $20 bonus

Up to 5% unlimited cashback on purchases and no annual fee*.

Instant $20 sign-up bonus after your first purchase online or in-store.

Guaranteed approval with no income requirement.

Get free unlimited transactions & Transfer + earn interest on your balance.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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