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Questrade

4.2(1.300 reviews)

Canada's leading independent online broker with low fees

IIROC RegulatedSince 1999
84
Trust Score
Very Good
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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

1.000 CAD
Min. Deposit
7
Instruments
3
Platforms
QuestradePopular broker

Get to know Questrade.

Step by step, in the Academy.

  • 3 lessons
  • No account needed
  • For beginners
Knowledge makes the difference!
Small lessons. Big edge.

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Options

Options trading available

Bonds

Bonds trading available

Mutual Funds

Mutual Funds trading available

Forex

Forex trading available

CFDs

CFDs trading available

Questrade Web

Trading Platform

Questrade App

Trading Platform

IQ Edge

Trading Platform

Advantages

  • Free ETF purchases
  • Canada's leading independent broker
  • Options trading on US and Canadian markets
  • IQ Edge platform for active traders

Disadvantages

  • Only available for Canadian customers
  • Stock trading fees not the lowest
  • Minimum deposit of CAD $1,000

Ready to Trade with Questrade?

Discover Questrade and start your trading journey today.

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Questrade

Questrade was founded in 1999 in Toronto and is Canada's leading independent online broker. As an IIROC-regulated provider, Questrade offers free ETF purchases and broad access to Canadian and US markets. With a minimum deposit of CAD 1,000, entry is affordable for most investors. The product range includes stocks, ETFs, options, bonds, mutual funds, Forex, and CFDs. Stock trading starts from CAD 4.95 per trade, while ETFs can be purchased for free. The IQ Edge platform offers active traders advanced charting and analysis tools. Questrade particularly stands out for its free ETF purchases, making it the ideal broker for Canadian savings plan investors. Options trading on US and Canadian markets as well as Forex access expand the offering for more experienced traders. However, Questrade is only available for Canadian customers.

Questrade FAQ

Can I buy ETFs for free at Questrade?
Yes, at Questrade you can buy all ETFs for free. However, regular trading fees apply when selling.
What is the minimum deposit at Questrade?
The minimum deposit at Questrade is CAD 1,000 to open an account.
Does Questrade offer options trading?
Yes, Questrade offers options trading on Canadian and US markets. Options fees are CAD 4.95 plus CAD 0.75 per contract.
What is the IQ Edge platform?
IQ Edge is Questrade's desktop platform for active traders. It offers advanced charting tools, real-time market data, customizable layouts, and Level 2 data.
Strategies × Top Stocks

Popular Strategies to Try

Concrete example trades you can replicate after opening your account at Questrade.

Tesla logo
Long Straddle
TSLA

Long Straddle · Tesla

Tesla Inc.

Highly volatile — no clear direction · highly volatile mover

IV 50–95%View example trade
NVIDIA logo
Long Straddle
NVDA

Long Straddle · NVIDIA

NVIDIA Corporation

Highly volatile — no clear direction · volatile stock

IV 40–80%View example trade
Apple logo
Covered Call
AAPL

Covered Call · Apple

Apple Inc.

Neutral to mildly bullish · calm stock

IV 20–32%View example trade
SAP logo
Covered Call
SAP

Covered Call · SAP

SAP SE

Neutral to mildly bullish · calm stock

IV 18–30%View example trade
Amazon logo
Cash-Secured Put
AMZN

Cash-Secured Put · Amazon

Amazon.com Inc.

Neutral to mildly bullish · medium-volatility stock

IV 25–42%View example trade
S&P 500 ETF logo
Iron Condor
SPY

Iron Condor · S&P 500 ETF

SPDR S&P 500 ETF

Neutral / Sideways · calm stock

IV 12–22%View example trade
Nasdaq-100 ETF logo
Iron Condor
QQQ

Iron Condor · Nasdaq-100 ETF

Invesco QQQ ETF (Nasdaq-100)

Neutral / Sideways · calm stock

IV 16–28%View example trade
Palantir logo
Bull Call Spread
PLTR

Bull Call Spread · Palantir

Palantir Technologies Inc.

Bullish · highly volatile mover

IV 55–90%View example trade
MicroStrategy logo
Bull Call Spread
MSTR

Bull Call Spread · MicroStrategy

MicroStrategy Inc.

Bullish · highly volatile mover

IV 85–160%View example trade
Robinhood logo
Bear Put Spread
HOOD

Bear Put Spread · Robinhood

Robinhood Markets Inc.

Bearish · volatile stock

IV 45–75%View example trade
Microsoft logo
Butterfly Strategy
MSFT

Butterfly Strategy · Microsoft

Microsoft Corporation

Neutral — stock expected to stay near the center strike · calm stock

IV 18–30%View example trade
NVIDIA logo
Bull Call Spread
NVDA

Bull Call Spread · NVIDIA

NVIDIA Corporation

Bullish · volatile stock

IV 40–80%View example trade

Knowledge about Questrade.
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