Highlights:
- Wave “goodbye” to trading fees forever - see why investors are celebrating Questrade’s big news
- You can now start investing with just $1
- The upcoming new feature Passiv investors have been asking for
Big news for Canadian investors!
Questrade just dropped all commission fees on trades, making it the most affordable brokerage in Canada.
If you're investing with Questrade (or thinking about it), this is a major.
Adrian Bar, AKA Canadian In A T-Shirt, says Questrade is “now the cheapest brokerage in Canada and I would argue the best overall.”
Questrade is now commission-free!
Questrade has officially eliminated commission fees on all Canadian and US-listed funds.
Buying stocks and ETFs? Free.
Selling stocks and ETFs? Free.
Plus, there’s no minimum amount needed to start investing!
Questrade is now one of the most cost-effective platforms for investors at every level.
And this isn’t a time-limited promo - $0 trades are the new standard! You automatically get free trades with your self-directed account.
Trade in the off-hours
Questrade now offers extended-hours trading, meaning you can buy and sell outside of regular market hours.
This gives you more flexibility, especially if you can’t trade during the standard 9:30 AM to 4:00 PM ET window.
There are a few things to keep in mind before trading in the off hours, so check out this page for more details.
Hold both CAD and USD in the same account
This is great if you invest in U.S. funds, since it saves you money by eliminating currency conversion fees on every trade.
By holding USD, you can buy and sell U.S. stocks without paying the standard foreign exchange fee every time you trade. Just another way to minimize costs!
Also, Questrade supports Norbert’s Gambit, a cost-effective method to convert CAD to USD so you can avoid the typical 1.5-2% conversion fees charged by most banks and brokers.
Plus even more updates on the way!
Fractional shares
Soon you’ll be able to start investing with just $1 using fractional shares!
It’s not available just yet, but it’s on the way. *Happy dance!*
This is something many Passiv investors have been asking for.
Fractional shares allow you to buy a portion of a stock rather than a whole share. This makes it easier to invest in high-priced funds without needing a large amount of money upfront.
For example, if VFV is trading at $153 and you only have $50 to invest, fractional shares let you buy a portion of a share that you can afford.
This makes investing more accessible and helps you diversify your portfolio with smaller amounts of money!
Crypto
If you’ve been wanting to add crypto to your portfolio, it will soon be possible with Questrade.
I talked to Questrade directly, and while there’s no ETA I was told to “stay tuned for more exciting announcements later this year for crypto trading.”
Questrade’s commercial was the most exciting thing to me about the Super Bowl
Low fees are key to investing success
Any amount you save on fees can make a substantial difference to how you live in retirement.
As reported by the Financial Post,
“We believe Canadians should keep more of their money, and $0 commissions, coupled with our industry-leading platform, will help them do just that – whether they are just starting out or are highly sophisticated traders,” said Edward Kholodenko, president and CEO of Questrade.
Let’s sum it up
I’ve been investing with Questrade for years, and honestly these changes just made it even better.
Here’s what to love about it as a passive investor:
- $0 commissions – Buy and sell stocks and ETFs without fees
- No minimum balance – Start investing with just $1
- Low-cost currency conversion – Questrade supports Norbert’s Gambit, allowing you to convert CAD to USD at a fraction of the cost other brokers charge
- Trade in the off-hours – Buy and sell stocks outside regular market hours for more flexibility
- Fractional shares *coming soon* – Making it easier to invest in high-priced funds
- Crypto *coming soon* – Trade crypto right in your Questrade account
- Dual currency accounts – Hold CAD and USD in the same account and avoid unnecessary conversion fees
- Transfer to Questrade and get fees reimbursed – They’ll cover up to $150 in transfer fees when moving from another broker
- It works with Passiv - Managing your portfolio is so easy with one-click trades!
Keep more wealth in your portfolio
Questrade’s zero-commission move is great news for investors, making it easier to build and manage your portfolio without worrying about fees.
And if you're looking to automate your investing and keep your portfolio balanced effortlessly, we’re here to help!
Passiv integrates with Questrade, allowing you to manage multiple accounts, automate rebalancing, and stay on top of your investments with ease.
