Read on to learn about Questrade, its investment product offerings, benefits, current Questrade promotions and offer codes, fees, and whether it is safe.
Questrade is Canada’s top independent discount brokerage firm. It is also the fastest-growing online brokerage, with $30 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 link.
This Questrade offer code gives you a $50 cash reward when you open and fund an account with at least $250. Questrade customers can also take advantage of up to a $150 transfer fee refund and a Passiv Elite membership (valued at $99/year).
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 one year.
Questrade Promo Code SAVVY50 ($50 Bonus)
To get started on Questrade and save on fees, sign up here and get a $50 bonus.
The $50 promotional offer code is automatically applied when you click the link, and you can also manually enter our referral code, SAVVY50, to activate it.
Choose the type(s) of account(s) you want to invest in, e.g. RRSP and TFSA, and click on “Open now”.
Proceed with creating your user ID and completing the profile questionnaire. After agreeing to their terms and conditions, you will need to upload your government-issued ID.
After that, fund your account with at least $250 to start trading. The $50 referral bonus is added to your account after you meet the minimum $250 investment balance.
Questwealth Promo Offer (Use SAVVY50 to invest $10,000 Free)
Questwealth is a 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 (use the SAVVY50 promo code).
The minimum amount you can invest using Questwealth Portfolios is $250.
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 annually; 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.
What is Questrade?
Questrade is Canada’s top brokerage platform.
It was founded in 1999 and has more than $30 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: $0 per trade
- ETFs: $0 per trade
- Options: $0.99 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 Canadian Investment Regulatory Organization (CIRO) and is a member of the Canadian Investor Protection Fund (CIPF).
CIPF membership means 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 you get 100% reimbursement for any unauthorized transactions in your account that result in losses.
Questrade vs Wealthsimple Trade
With Wealthsimple Trade, you can commission-free buy and sell thousands of stocks and ETFs in Canada and the United States. However, USD accounts cost $10 monthly, and the app does not offer options for trading, bonds, FX, or a margin account.
SAVVY50 Questrade Offer Code
How do I get a $50 Questrade offer code?
Using our referral link, you get $50 in cash rewards 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 up to $300 value from Questrade?
When you sign up using our referral link, you get $50 in free trades. Questrade users can also enjoy up to $150 waived in transfer fees and $99 per year via a free Passiv membership.
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.
Related: Questwealth Promotions.
Questrade Offer Code 2025: $50 Bonus or $10,000 Managed Free
-
Ease of use
-
Fees
-
Welcome offer
-
Accounts and products
Overall
Summary
Use our Questrade offer code SAVVY50 to get $50 in free trades. Questrade customers can also get 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.
Pros
- Low cost trading
- Reputable firm
- Sign-up bonus
- Multiple products and accounts
Cons
- Only available in Canada
Tried to do this offer today and it was a disaster. I called questrade and was told I could only have 1 of the 3 offers: either the 10000 free managed account for 1 year OR the $50 free trades OR the 50 cash back only on a Forex account.
I applied the savvy50 code to the questwealth and it did not apply athough it was on the screen as applied. I had to have an agent apply it manually.
Then I was offered to open a self directed account with 5FREE TRADES to get something similar to the 50 free trades.
Definitely not as good as what was offered here….
Not a good start to my Questrade experience….
@Jonesy: Sorry to hear, there may have been a temporary glitch when you were signing up. I contacted Questrade and we tested the codes to ensure they are working as expected. No issues were found.