Questrade Overview
| Website | questrade.com |
| Year Founded | 1999 |
| Countries of Registration | Canada |
| Website Languages | English, French, Chinese |
| Regulators | CIRO |
| Broker Type | DMA |
| Dealing | A‑book |
| Minimum Deposit | $250 |
| Account Currencies | CAD, USD |
| Spread | low |
| Trading Platforms | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
| Trading Assets | Stocks, ETFs, Options, Mutual Funds, Bonds, Precious Metals, Forex, CFDs |
Brief look at Questrade
Questrade is Canada’s leading discount broker, founded in 1999. Regulated by CIRO and protected by CIPF, it lets Canadian residents trade stocks, ETFs, options, bonds and 110+ forex pairs from a single account. With commission‑free equity trades, spreads from 0.8 pips on FX and advanced Questrade Edge platforms, it appeals to both long term investors and active traders.
Pros
- Commission‑free stock & ETF trades
- 110+ FX pairs with tight 0.8 pip targets
- Advanced Questrade Edge desktop and web platforms
- CIPF protection plus extra private insurance
- Fractional shares and wide range of registered accounts
Cons
- Accounts available to Canadian residents only
- No direct crypto trading (ETFs only)
- No negative‑balance protection
- Limited funding methods for non‑bank transfers
Is Questrade available in my country?
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Questrade doesn't accept clients from United States!
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Questrade Reviews
Questrade has been a reliable broker for my trading needs. The app is user-friendly, and the account types they offer cater to both beginners and advanced traders. The minimum deposit is reasonable, making it easy to sign up and get started. The only downside is the withdrawal time, which could be faster.
9/15/2023I've had a great experience with Questrade! Their demo account was perfect for practicing before diving into real trading. The spreads are competitive.
10/1/2023While Questrade has a solid platform, I found the login process a bit cumbersome at times. The trading features are excellent, but I wish they had more educational resources. The leverage options are good, but be careful with them. Overall, it's a decent broker.
8/20/2023I enjoy trading with Questrade. The variety of account types allows me to choose what suits my trading style. The withdrawal time is not the quickest, but it's manageable. I also like their rebate program, which adds value to my trading experience.
9/30/2023Questrade is one of the best brokers I've used. The app is seamless for trading forex, and the spreads are quite favorable. I had no issues with the sign-up process, and the demo account helped me get accustomed to their platform before I started live trading. Highly recommend!
10/10/2023Leave a Review
Is Questrade regulated?
| Companies | Questrade, Inc., Questrade Wealth Management Inc. |
| Countries | Canada |
| Regulators | CIRO |
| Investor Protection | CIPF |
| Investor Protection Size | CAD 1000000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Questrade Account Types
| Property | FX & CFD |
|---|---|
| Min Deposit | $250 |
| Lot Size | 0.01 |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.8 pips |
| Fee | No |
| Max Leverage | 1:20 |
| Stop Out | 50% |
| Margin Call | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Questrade Funding and Fees
| Base currencies | CAD, USD |
| Deposit and withdrawal methods | Bank Wire, Electronic Funds Transfer (EFT), Pre‑authorized Deposit, Online Bill Payment, Visa Debit |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Questrade Trading Platforms and Conditions
| Trading Platforms | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Questrade Trading Assets
| Currencies | 110 |
| Indices | 15 |
| Stocks | 8000 |
| Cryptocurrencies | 0 |
| Bonds | 100 |
| Metals | 10 |
| Energies | 5 |
| Soft Commodities | 0 |
| ETFs | 3000 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Questrade Support
| support@questrade.com | |
| Phone | +18887837866 |
| YouTube | YouTube |
| TikTok | TikTok |
Questrade Alternatives
| Broker | Questrade | Interactive Brokers | CMC Markets | OANDA |
|---|---|---|---|---|
| Type | DMA | DMA | MM | STP |
| Minimum Deposit | $250 | $1 | $1 | $1 |
| Regulators | CIRO | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS | FCA, BaFin, FMA, KNF, FSAN, CNMV, CIRO, ASIC, NZ FMA, MAS, DFSA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Platforms | Questrade Edge, Questrade Trading, QuestMobile, Questrade Global | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader | MetaTrader 4 (MT4), CMC Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Spread | low | low | low | low |
| Leverage | 1:20 | 1:50 | 1:30 | 1:200 |
| Assets | Stocks, ETFs, Options, Mutual Funds, Bonds, Precious Metals, Forex, CFDs | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
Is Questrade Right for You?
Questrade stands out as Canada’s leading discount broker, offering a range of compelling features for both long-term investors and active traders. With commission-free trades on stocks and ETFs, tight spreads on forex, and advanced trading platforms, it caters to diverse trading preferences. Additionally, the protection provided by CIPF and extra private insurance adds a layer of security for users. However, Questrade does have its drawbacks. The platform is exclusively available to Canadian residents, limiting accessibility for international investors. Furthermore, while it offers a variety of trading options, direct cryptocurrency trading is not available, and non-bank transfer funding methods are limited. In conclusion, Questrade is an excellent choice for Canadian residents who are looking for a robust trading platform with competitive fees and a wide range of assets. However, those seeking direct access to cryptocurrencies or who reside outside Canada may want to explore other options that better suit their needs.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
