Loans Mortgages Cards Banking Investing Tools Locations FX Insurance Learn ★ 6 KEY PRODUCTS ★
What Questrade offers Questrade Self-Directed RATE / EARN $4.95-9.95/trade
NOTE ETF buys $0
Self-directed brokerage. Free ETF purchases (sells charged).
Questwealth Portfolios RATE / EARN Auto-invested
NOTE 0.20-0.25% + MER
Robo-advisor. Lowest mgmt fees in Canada.
IQ Edge Pro RATE / EARN $89/mo
NOTE $0 commissions on streaming quotes
Professional platform for active traders. Level II data.
USD Accounts RATE / EARN No FX conversion
NOTE Funded in USD
Fund USD directly. Avoid 1.99% FX on every US trade.
Margin Accounts RATE / EARN Prime + 1.50%
NOTE Lower than Big-6
Leveraged trading. Lower margin rates than Big-6.
Options Trading RATE / EARN $9.95 + $1/contract
NOTE Multi-leg supported
All option strategies supported. IQ Edge gives advanced order types.
★ PROS / CONS ★
The honest verdict ✓ WHAT WORKS Free ETF purchases USD accounts available IQ Edge pro platform Most account types (LIRA, LIF, RDSP) Owned by Canadian firm Solid customer service ✗ WHAT DOESN'T $1,000 account minimum $9.95 stock commissions (higher than Wealthsimple's $0) 1.99% FX on currency conversion Limited fractional shares Interface less polished than WS ★ USER REVIEWS ★
What real Canadians say Daniel V. Winnipeg, MB ★ ★ ★ ★ ★
"Best self-directed broker in Canada. IQ Edge Pro is pro-grade. Free ETF buys save me $500/yr. Worth the slight UI clunkiness."
2 weeks ago Emma S. Ottawa, ON ★ ★ ★ ★ ★
"USD account saves me 2% FX on every Apple buy. Account types I couldn't find at Wealthsimple (LIRA, LIF). Solid choice for serious investors."
1 month ago James L. Montreal, QC ★ ★ ★ ★ ★
"Switched from RBC Direct ($9.99/trade) to Questrade ($0 ETF buys). Saved $400 in year 1. Pro platform is overkill for me but nice to have."
3 weeks ago YOUR QUESTIONS
Questrade · straight answers Questrade vs Wealthsimple Trade?− Wealthsimple: better UX, $0 commissions on all trades. Questrade: better tools, USD accounts, more account types. For casual investors: WS. For serious investors with $5k+: Questrade. What's the minimum to open?+ Is Questrade safe?+ Are ETF purchases really free?+