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Questrade is Canada’s top independent discount brokerage firm. It is also the fastest growing online brokerage and has $15 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 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.

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

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

Get $50 in FREE TRADES

Questrade $50 offer Code – How To Open An Account

To get started on Questrade, and save on fees, sign up here and get $50 in free trades. You can also enter our exclusive offer code SAVVY50 to claim your $50 bonus.

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

Questrade - Sign up for a Questrade Account

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.

Questwealth $10,000 Offer

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 prompted).

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

Invest $10,000 FREE FOR 1 YEAR

Questrade $150 Transfer Fee Rebate

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.

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 who 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 they offer in the Questrade review.

Questrade 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

Is Questrade Safe?

Questrade has been in business since 1999, and has been listed as one of Canada’s “Best Managed Companies” eight 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. It is also the only broker offering free stock trades

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 option trading, bonds, FX or a margin account.

When you open a Wealthsimple Trade account here and deposit and trade at least $100 in stocks, you get a $10 bonus.

Get more details in this Wealthsimple Trade review.

Questrade Offer Code FAQ

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.

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.

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 Promo Code: $50 in Free Trades 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. You can also invest $10,000 free for 1 year with Questwealth.