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. Qtrade Promo Code ($150 bonus + cash back)
Offer: Get a $150 cash back plus a sign-up bonus when you open a new account by March 31, 2025, and fund it. The more you fund, the more you get, as shown below. In addition to the sign up bonus, you earn up to 5% cash back based on assets deposited (up to $2,000).
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.
2. Questrade Bonus ($50 bonus + cash back)
Offer: Get a $50 reward when you open a new account and fund it with at least $250. This offer is ongoing and has no end date. In addition, until the end of February, you can get up to a 3% cash back when you transfer assets to Questrade (up to $10,000).
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 now offers commission-free trading for stocks and ETFs.
When you move your investment account to Questrade, your transfer fees are waived by up to $150.
Click the link to get the bonus and use our referral code: SAVVY50.
3. Wealthsimple Trade Promotion (bonus + cash back)
Offer: Get a $25 cash bonus when you deposit at least $150 in your new account. For a limited time (until March 15), you can also get up to a 2% cash back when you transfer assets to Wealthsimple.
Wealthsimple Trade is a stock trading app that allows you to trade thousands of Canadian and U.S. Securities without fees. In addition to commission-free trading, it has no minimum account balance requirement for new users.
You can invest using a TFSA, RRSP, FHSA, 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:
4. Moomoo Bonus Offer (Get up to $2,200)
Offer: If you sign up for a Moomoo Canada trading account, you get up to $2,200 in cash rewards after funding your account.
The offer in Canada includes the following rewards:
- Deposit $100+: Get a $50 stock cash coupon
- Deposit $2,000+: Get a $2,000 commission rebate card, a $200 stock cash coupon, plus free Lv2 market data
To participate, you first need to open a Moomoo account. Once your account is set up, fund it with at least $100. You can fund with higher amounts to earn higher cash bonuses.
The Moomoo app offers access to stock and ETF trading on Canadian and US markets, multiple stock trading tools, paper trading accounts, advanced charting, real-time trading data, and more.
It is also a member of CIPF, which insures your assets up to $1 million against firm insolvency.
- 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.
5. Wealthsimple Invest Promo
Offer: Get a $25 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.
6. 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.
