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Questrade Review
Questrade is Canada's largest independent discount broker. It is regulated by CIRO and covered by CIPF, and it is not a leveraged international forex broker.
Min Deposit
$1
Spreads From
Not spread based, zero commission on stocks and ETFs instead
Max Leverage
Set by standard Canadian margin account rules, not leveraged forex style trading
Platforms
Questrade Trading, QuestMobile
Pros
- Zero commission on stock and ETF trades across the platform
- Member of the Canadian Investor Protection Fund for account failures
- Regulated as an investment dealer by CIRO, Canada's securities regulator
- Largest independent online broker in Canada by client assets
Cons
- Not built for leveraged international forex, this is a stocks and ETF broker
- New Questbank banking arm is very recent, approved only in November 2025
- Limited time bonus offers expire quickly, so terms change through the year
- Options and margin trading still carry per contract or interest costs
Questrade started trading in Toronto in 1999 under founder Edward Kholodenko. It grew into the largest independent, non bank owned online broker in Canada, holding more than 50 billion dollars in client assets. In November 2025, regulators approved its plan to open Questbank, a chartered bank inside the same group.
The trading arm, Questrade Inc, is a registered investment dealer under the Canadian Investment Regulatory Organization and belongs to the Canadian Investor Protection Fund, which covers up to 1 million dollars per account category if the firm fails. Stock and ETF trades cost zero commission, and options cost under a dollar per contract, with lower rates for high volume traders.
Questrade is built for stocks, ETFs, options, and registered accounts like the TFSA and RRSP, not leveraged forex trading. It reimburses the transfer fee your old provider charges when you move an account over, up to 150 dollars per account, plus a separate referral program worth 50 dollars a time.
Min. Deposit
USD 1
Max Leverage
Set by standard Canadian margin account rules, not leveraged forex style trading
Spreads From
Not spread based, zero commission on stocks and ETFs instead
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
