Questrade

Rating: 3.5 / 5

Questrade is the largest Canadian independent online broker; it also maintains a wealth management unit. Founded in 1999, this discount broker applied in December 2019 for a banking license, signaling a dual desire to expand financial services to its clients and, at the same time, keep all aspects under one corporate umbrella. Per its own account, over 100,000 new accounts join this broker annually, with its core business in self-directed investing. Assets under management exceed $15 billion, and Questrade is an eight-time winner of the Best Managed Companies in Canada.

Questrade Website Screenshot

Broker Details

Headquarters
Canada
Established
1999
Min Deposit
None (but $1,000 required to start trading)
Execution
ECN/STP, Market Maker
Regulators
CIRO

Trading Conditions

Trading Hours
Currency PairsSunday 17:00 - Friday 17:00
CommoditiesSunday 17:00 - Friday 17:00
Crude OilSunday 17:00 - Friday 17:00
GoldSunday 17:00 - Friday 17:00
MetalsSunday 17:00 - Friday 17:00
Equity IndicesMonday 07:30 - Friday 20:00
StocksMonday 07:30 - Friday 20:00
Stocks (non-CFDs)Monday 07:30 - Friday 20:00
BondsMonday 07:30 - Friday 20:00
ETFsMonday 07:30 - Friday 20:00
OptionsMonday 07:30 - Friday 20:00

Trading Costs & Spreads

EUR/USD
1.9 pips ($19.00)
GBP/USD
2.0 pips ($20.00)
Gold
$0.75
WTI Crude
$0.05

Platform & Features

Trading Platforms
Proprietary platform, Web-based

Pros

  • Choice of Account
  • Several Trading Platforms
  • A Host of Features

Cons

  • No Bonuses or Promotions
  • No Chat

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