Pros
User-friendly Good variety of order types Price alerts Majority of clients belong to a top-tier financial authority High level of investor protection CAD 10 million per account additional insurance
Cons
Minimum deposit is higher than $500 Complicated for non-Canadians Slow withdrawal - over 3 days High fee for wire withdrawals Non-Visa debit card not available No negative balance protection Does not hold a banking license Not listed on stock exchange

Established in 1999

Location: Canada

Regulation:  Investment Industry Regulatory Organization of Canada (IIROC)

Operated by Questrade Wealth Management Inc. (QWM)

Trading instruments: Stock, ETF, Forex, Fund, Bond, Options, CFD

USA clients: not allowed

Trading Conditions and Features

Stocks

Classic investing product

  • Own shares in a company
  • Buy for potential stock growth
  • Opportunity for dividend income

As low as 1¢/share.

ETFs

Exchange-Traded Funds

  • Track specific industries or indices
  • Buy to diversify your portfolio
  • Enjoy low management fees

Options

Contract to buy or sell

  • Potential to generate income on stock holdings
  • Helps to protect from market swings
  • Speculate using the power of leverage

$9.95 + $1/contract

FX

Foreign Exchange

  • Take advantage of market movements
  • Profit from rising and falling global currencies and commodities
  • Execute trades quickly in a highly liquid market

Spreads as low as 0.8 pips

IPOs

Buy shares offered to the public for the first time.

CFDs

Trade contracts for difference on international stocks, indices, commodities and more.

Mutual Funds

Choose from thousands of funds to diversify your investments.

Bonds

Minimize the ups and downs of the markets with bonds.

GICs

Get guaranteed investments with set terms and interest rates.

International Equities

Boost your return potential by investing in non-US stocks.

Precious Metals

Invest directly in real gold and silver to boost diversification.

Demo account: yes

Currency pairs: 40+

Spreads: start from 1.7 pips

Spread types: fixed

Payment options:  Online banking, Wire transfer, check, stock certificate, money order

Educational resources: yes. Online Trading Academy forex classes and the ForexCharts by eSignal service

Account types

TFSA

TAX-FREE SAVINGS ACCOUNT

  • Save for short- or long-term goals
  • Enjoy tax-free growth
  • Get easy access to your money
  • Pay no annual fees

Keep every dollar you earn in your TFSA. Invest your money without paying taxes on your interest, dividends or capital gains.

RRSP

REGISTERED RETIREMENT SAVINGS PLAN

  • Save for retirement goals
  • Enjoy tax deductions on yearly contributions
  • Set up regular contributions
  • Pay no annual fees

Enjoy lower income taxes with RRSP contributions. Grow your investments tax-deferred until withdrawal. 

Margin

INDIVIDUAL MARGIN ACCOUNTS

  • Invest with flexibility and convenience
  • Get extra buying power
  • React quickly to market opportunities
  • Place advanced order types

Steer your investments exactly how you like. Use your assets and investments as leverage for new and bigger opportunities. 

FHSA

New

TAX-FREE FIRST HOME SAVINGS ACCOUNT

  • Get your account open with just $250
  • Grow your savings tax-free
  • Enjoy tax deductions on yearly contributions
  • Tax-free withdrawals for your first home purchase

Use the account to hold onto cash, or invest in stocks, options, ETFs and more to save for a down payment on your first home.

RESP

REGISTERED EDUCATION SAVINGS PLAN

  • Enjoy free government grants
  • Extra incentives for lower income earners
  • Flexible beneficiary rules
  • Withdraw at beneficiaries tax bracket

Set your child (or beneficiary) up for success. Build a Questrade RESP account and start a growing investment. 

Trading Platform

Questrade TradingNew

Your main web-based platform. You can easily and securely make trades, manage your accounts, check performance, and research stocks.

  • Learn more about investing as you go with the built-in Learning Mode
  • See all your account balances and track all your portfolios at a glance in one simple graph
  • Research, trade, and monitor your investments with a few clicks

QuestMobileNew

Make trades, research securities, move your money, and see your portfolio’s performance, all through one beautifully-designed interface.

  • Built-in Learning Mode makes it easy to learn about investing as you go
  • Clean design allows you to monitor, research, and place market and limit orders fast
  • Get real-time snap quote prices of stocks and ETFs on North American exchanges

Questrade Edge NewMobile

Designed for the active trader, Questrade Edge Mobile puts the power of an advanced platform in the palm of your hand.

  • Log in, place and execute orders in no time with one of our fastest apps yet
  • With a smooth and straightforward design, placing advanced orders has never been easier
  • Stop and trailing stop orders. Multi-leg option orders. Bracket orders. Access advanced order types from anywhere

Questrade Edge®

Trade like a pro with this fast and powerful platform. Available in web and desktop versions, this platform has the tools you need to take your trading to the next level.

  • Advanced order types (including bracket, conditional, and multi-leg options)
  • A customizable trading environment with options trading
  • Loaded with helpful research tools from industry leaders like TipRanks, and Morningstar.

Questrade Global

Our easy-to-use foreign exchange platform allows you to quickly trade currencies and commodities on international markets.

  • Make FOREX and CFD trades from anywhere, anytime
  • Personalize your watchlists
  • Advanced transactions like multi-leg options

Research tools

Discover your next investment with research tools designed to help you find trading ideas that fit your investment goals.

News

Stay up to date with all the latest news about the stocks and ETFs on your radar.

Real-time data

Look up a symbol, refresh the page or click the snap quote button to get the latest price on stocks and ETFs you’re interested in.

Watchlists

Create watchlists of stocks and ETFs you want to keep track of that sync across any trading platform you’re using.

Trading Features

strade app, Questrade IQ Edge®

Questrade Trading

TRADING FOR ALL

Use this web-based platform to easily and securely make trades, manage your account, check your performance and research stocks.

  • Integrated with your account
  • Intuitive and secure trading
  • Quick symbol lookup with news and analyses

Questrade app

TRADE ANYWHERE, ANYTIME

Never miss an investing opportunity with our simple yet powerful app that lets you search and trade in just a few taps

  • Integrated with your account
  • Fast and powerful executions
  • Multi-leg options trading

Questrade IQ Edge®

ADVANCED TRADING

The fast and simple way to trade like a pro. Built-in features in this downloadable desktop platform help you trade smart.

  • Fully customizable trading environment
  • Advanced order types (bracket, conditional, multi-leg options)
  • Loaded with advanced tools and features

API trading: available

Scalping: allowed

Hedging: allowed

Promotion: $50 commission rebate

Customer support: email, phone

Reasons to Trade with Canadian Questrade Broker

Invest on your own time

  • Set up an account in minutes
  • Fast, easy-to-use mobile and web apps

Great for new investors

  • Start small and try it out
  • Get a pre-built portfolio

Lower fees for better returns

  • Every dollar saved compounds over time
  • Monitor performance online anytime

You’re protected and secure

  • We’re regulated like the bank’s brokerages
  • Additional $10 million private insurance

Customer Support and Education

Questrade has great customer service, with polite staff that gave detailed answers quickly on all available channels. However, support is unfortunately not available 24/7.

Questrade offers a vast array of research tools. From news and fundamental data to a chart pattern tool, you will find everything you need to trade.

Payment Options

Minimum deposit requirement: $1,000

Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and non-Visa debit cards are not available.

How was the rating of Questrade performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Questrade FX broker performance and features. 

Overall our online Questrade review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Questrade or you find inaccurate details Questrade broker review please get in touch with us and the changes will be applied.

Questrade Details

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