Questrade Review
Questrade is a solid choice for Canadian DIY investors, especially those building ETF portfolios. With $0 commission on stocks and ETFs, low-cost options, and incoming transfer-fee rebates up to $150/account, it offers excellent value for self-directed investors. Promotional transfer bonuses rotate seasonally, so check for a current offer before transferring.
Detailed Review
Questrade has been a mainstay in the Canadian discount brokerage landscape since 1999. It now offers $0 commission on stocks and ETFs and $0.99/contract options, making it strong for both passive ETF investors and more active traders. Questrade reimburses incoming transfer fees up to $150 per account. Its new-client and transfer promotions rotate through the year (for example, the RRSP-season cash-back offers), so confirm the current promo before transferring. The platform's interface is functional rather than flashy, and customer service can be slow at peak times, but for low-cost DIY investing Questrade remains a top contender.
- Passive ETF investors
- Dividend-focused investors
- DIY investors building long-term portfolios
- Investors with multiple account types
Alternatives to Consider
Wealthsimple
Better user experience for beginners
Qtrade
Similar fees, better customer service
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