Questrade Offer Code 2021 | $300 Bonus or $10,000 Managed Free

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by Enoch Omololu


Advertiser Disclosure

Questrade is Canada’s top independent discount brokerage firm. It is also the fastest-growing online brokerage and has $25 billion in assets under management.

While Questrade has one of the lowest fee schedules for trading stocks and ETFs in Canada, you can save even more using our Questrade referral code (SAVVY50).

This Questrade offer code gives you $50 in free trades when you open an account and fund it with at least $1,000. When combined with a $150 transfer fee refund and a Passiv Elite membership (valued at $99/year), you are getting a welcome package worth approx. $300!

Also, if you prefer Questrade’s robo-advisor service, Questwealth, for a full-fledged investment experience, you can invest up to $10,000 free for 1 year.

Read on to learn about Questrade, its investment product offerings, benefits, current Questrade promotions and offer codes, fees, and whether it is safe.


Questrade Promo Code ($50 Bonus)

To get started on Questrade, and save on fees, sign up here and get $50 in free trades.

You can also manually enter our exclusive Questrade offer code SAVVY50 to claim your $50 bonus (usually you should find it already applied in “Add offer code”.

Choose the type(s) of account(s) you want to invest in e.g. RRSP and TFSA, and click on “Open now”.

questrade offer code

Proceed with creating your user ID and complete the profile questionnaire. After agreeing to their terms and conditions, you will need to upload your government-issued ID.

Thereafter, fund your account with at least $1,000 to start trading. The $50 referral bonus is added to your account after you meet the minimum $1,000 investment balance.

Open a Questrade Account ($50 Bonus)

Questwealth Promo Offer ($10,000 Free)

Questwealth is the professionally managed investment portfolio service offered by Questrade.

Unlike the do-it-yourself investing provided on Questrade, portfolios on Questwealth are managed by experts on your behalf.

When you open a Questwealth account here, you get up to $10,000 managed free for 1 year (no promo code is required but you can enter SAVVY50 if it hasn’t been applied automatically in the offer code box).

questwealth 10000 promotion

The minimum amount you can invest using Questwealth Portfolios is $1,000.

Invest $10,000 Free For 1 Year

Questrade Transfer Fee Rebate ($150)

When you open a Questrade account, you can transfer your investment accounts from other financial institutions to it.

Transfer fees are rebated up to $150 per account, and there is no limit to the number of accounts you can transfer over.

To claim your rebate, submit a statement from your previous investment provider showing the transfer fees you paid.  This statement must be submitted within 60 days of initiating the transfer.

Free Passiv Elite Membership $99/Year

You can easily combine your self-directed Questrade account with Passiv and enjoy automatic rebalancing, one-click trades, cash and dividend notifications, and more.

Passiv Elite membership costs $99 per year, however, Questrade clients get the service for free.

Learn more about this investing tool in my Passiv review.

Questrade Promotions and Refer A Friend Program

After you become a Questrade client, you can invite friends and family using your custom Questrade referral code.

You get $25 for every friend who opens an account plus a $50 bonus for every third referral. Your friends also receive a cash bonus depending on how much they deposit:

  • $1,000 deposit: $25 bonus
  • $10,000: $50 bonus
  • $25,000: $75 bonus
  • $50,000: $100 bonus
  • $100,000 deposit: $250 bonus

They have up to 90 days to reach the highest reward tier.

Questrade friend referrals

What is Questrade?

Questrade is Canada’s top brokerage platform.

It was founded in 1999 and has more than $25 billion in assets under administration with more than 200,000 new accounts opened every year.

It offers two main types of accounts:

  • Self-directed trading accounts via Questrade
  • Pre-built managed investment accounts via Questwealth

Compared to many of its big-bank competitors, Questrade has competitive trading fees, advanced trading tools, and you can buy ETFs for free.

Questrade Trading Fees

Questrade has some of the lowest trading fees in Canada for self-directed investors. It is also one of a few brokers that offer no-commission ETF trading.

Trading fees on the platform include:

  • Stocks: Minimum of $4.95 and maximum of $9.95 per trade
  • ETFs: Free when buying and up to $9.95/trade when selling
  • Options: $9.95 +$1 per contract
  • Mutual funds: $9.95 per trade
  • Precious Metals: $19.95 USD per trade
  • Forex: Spreads per trade as low as 0.08 pips
  • International equities: 1% of the trade value

Bonds, GICs, and IPOs purchases are free with a minimum $5,000 purchase.

A free basic real-time market data package is included with your account. Advanced traders can access enhanced Level 1 and 2 data at a fee.

Learn more about all the other options it offers in the Questrade review.

Is Questrade Safe?

Questrade has been in business since 1999 and has been listed as one of Canada’s “Best Managed Companies” nine times.

The company is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

CIPF membership means that your funds are protected up to $1 million against insolvency. Questrade offers an additional $10 million in private insurance to its clients.

It also offers an Online Security Guarantee which means that you get 100% reimbursement for any unauthorized transactions in your account that result in losses to you.

Questrade vs Wealthsimple Trade

Wealthsimple Trade is the newest online brokerage platform in Canada.

With Wealthsimple trade, you can buy and sell thousands of stocks and ETFs in Canada and the United States without paying any commissions.

However, this app does not offer options trading, bonds, FX, or a margin account.

When you open a Wealthsimple Trade account and deposit and trade at least $150 in stocks, you get a $50 bonus.

Get more details in this Wealthsimple Trade review.

Questrade Offer Code FAQ

How do I get a $50 Questrade offer code?

When you use our promo code SAVVY50, you get $50 in free trades whether you open a Questrade TFSA, RRSP, RESP, or non-registered self-directed account. This is the best Questrade promo code available right now.

How do I get a $300 bonus from Questrade?

When you sign up using our referral link or SAVVY50 coupon code, you get $50 in free trades, up to $150 waived in transfer fees, and $99 per year via a free Passiv membership.

Is Questrade bad?

No. Questrade is one of the best stock trading platforms in Canada. Users gain access to a variety of investment products while paying low fees. Also, your account is insured by CIPF plus an additional $10 million in private insurance.

How much money do you need to open a Questrade account?

The minimum amount required to trade or invest on Questrade is $1,000. For small investment amounts, you can try Wealthsimple Trade.

How do I avoid Questrade fees?

Questrade used to charge a $24.95 inactivity fee every quarter if you did not place a trade and your account was below $1,000. This inactivity fee is no longer applicable.

For ETF trades, you do not pay trading commissions; however, a $4.95 to $9.95 fee applies per transaction when you sell your ETF holdings. All stocks trade incur a commission.

Does Questrade offer free stocks?

No. Questrade does not have a free stock promotion.

How do I find my Questrade referral code?

Click on the “Refer a friend” menu option under Account Management. You can generate a QPass Key there and share it with your friends.

Is Questrade good for beginners?

The Questrade trading platform is great for beginners since its fees are one of the lowest in the industry and it gives you access to a variety of investment products. Its user interface is also easy to navigate.

Have you tried investing using Questrade or Wealthsimple? Tell us about your experience in the comments.

Questrade Offer Code 2021: $300 Bonus or $10,000 Managed Free


Use our Questrade offer code “SAVVY50” to get $50 in free trades plus up to $150 waived in transfer fees and access to a free Passiv Elite membership valued at $99. You can also invest $10,000 free for 1 year with Questwealth.

Hottest Promotions this month

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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