Questrade Review
Questrade is a solid choice for Canadian DIY investors, especially those building ETF portfolios. With commission-free ETF purchases and competitive cashback promotions, it offers excellent value for passive investors. However, the platform may feel limited for active traders who need advanced research tools.
Detailed Review
Questrade has been a mainstay in the Canadian discount brokerage landscape since 1999. The platform excels at commission-free ETF purchases, making it ideal for investors following a passive indexing strategy. The current promotion offers up to 4% cashback on non-registered accounts, which is among the highest in the market. The platform's user interface is functional but not as polished as newer fintech competitors. Customer service can be slow during peak times, and the mobile app has received mixed reviews. However, for investors focused on building a diversified ETF portfolio at low cost, Questrade remains a strong 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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