welcome and transfer
Receive $100 to $2,000 for $1,000 or more in net new assets
New Canadian clients opening eligible accounts with code SPRING26.
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Qtrade
Qtrade Direct Investing
A self-directed brokerage with $0 online stock, ETF and mutual-fund commissions and broad account coverage.
Cash admin fee$0
Canadian stocks$0 buy / $0 sell
U.S. stocks$0 buy / $0 sell
Standard tierQtrade Direct Investing standard service
Current promotions
Current offers
Brokerage context
Overview
Qtrade Direct Investing offers $0 online commissions for Canadian and U.S. stocks and ETFs. Options cost $0 plus $0.75 per contract, while fixed income, early mutual-fund sales, telephone trades, foreign exchange and service requests can carry separate costs.
Individual CAD cash, TFSA, RRSP and FHSA accounts have no disclosed recurring administration fee and no minimum deposit. Optional USD-denominated RRSP, RRIF and TFSA accounts cost US$15 per quarter. Investor Plus is a separate enhanced tier for clients with at least CA$500,000 in assets or 150 trades in the previous quarter.
The web and mobile platforms include real-time quotes, watchlists, alerts, portfolio analytics, screeners, planning tools and Morningstar research. Canadian and U.S. markets are supported, along with options, mutual funds, bonds, GICs and new issues.
Eligibility facts
Standard account and commission facts
These facts describe the standard tier without relying on temporary promotions. Pass-through, foreign-exchange, service, and paid-tier costs appear below.
Individual accounts
- CASH
- Available · $0 recurring feeIndividual cash accounts are available in CAD or USD with no minimum deposit. The individual CAD cash account has no disclosed recurring administration fee.
- TFSA
- Available · $0 recurring feeIndividual TFSAs are available; the optional USD-denominated account has a separate quarterly fee. The CAD TFSA has no disclosed recurring administration fee; an optional USD TFSA costs US$15 quarterly.
- RRSP
- Available · $0 recurring feeIndividual and spousal RRSPs are available; the optional USD-denominated account has a separate quarterly fee. The CAD RRSP has no disclosed recurring administration fee; an optional USD RRSP costs US$15 quarterly.
- FHSA
- Available · $0 recurring feeIndividual FHSAs are available in Canadian dollars. The FHSA has no disclosed recurring administration fee.
Standard online commissions
- Canadian Stock
- Buy $0 · sell $0Canadian-listed equity trades have $0 online commission; exceptional repeated high-volume active-side ECN fees may be passed through. Buy: Online Canadian-listed equity purchases have $0 commission. Sell: Online Canadian-listed equity sales have $0 commission; exceptional high-volume active ECN use may be passed through.
- Canadian Etf
- Buy $0 · sell $0Canadian-listed ETF trades have $0 online commission, excluding fund expenses and exceptional passed-through ECN fees. Buy: Online Canadian-listed ETF purchases have $0 commission. Sell: Online Canadian-listed ETF sales have $0 commission; exceptional high-volume active ECN use may be passed through.
- Us Stock
- Buy $0 · sell $0U.S.-listed equity trades have $0 online commission; SEC sales fees and currency conversion can apply. Buy: Online U.S.-listed equity purchases have $0 commission. Sell: Online U.S.-listed equity sales have $0 commission; the SEC fee applies.
- Us Etf
- Buy $0 · sell $0U.S.-listed ETF trades have $0 online commission, excluding fund expenses, SEC sales fees and currency conversion. Buy: Online U.S.-listed ETF purchases have $0 commission. Sell: Online U.S.-listed ETF sales have $0 commission; the SEC fee applies.
Full inventory
Fees, access, platforms, and capabilities
Accounts and tiers
- Trading accounts
- Individual, joint and group cash accounts; margin accounts
- Registered accounts
- FHSA, TFSA, RRSP, spousal RRSP, LIRA, LRSP, RESP, RRIF and LIF
- Standard tier
- No subscription, balance, activity or trade-count requirement
- Investor Plus
- Enhanced tier requiring CA$500,000 in assets or 150 trades in the previous quarter
Minimums and recurring fees
- Minimum deposit
- None
- CAD account administration
- No recurring administration fee disclosed
- USD registered accounts
- US$15 per quarter per RRSP, RRIF or TFSA; FHSA excluded; waived for Investor Plus
- Formal trust
- CA$100 setup plus CA$50 annually after the first year
Service and transfer fees
- Incoming transfer fee reimbursement
- UnknownA standing reimbursement outside temporary promotions was not established from the reviewed official sources.
- Account closure
- CA$100 if closed within the first year
- Institutional transfer out
- CA$150
- Deregistration
- CA$50 partial and CA$125 full, with account-specific exclusions
- Electronic documents and EFT
- Free
- Paper documents
- CA$2.50 per confirmation and CA$6 per quarterly statement
- Certificates and DRS
- CA$150-CA$450 depending on country and rush service
- Safekeeping
- CA$30 per certificate per month
Investments and trading costs
- Stocks and ETFs
- $0 online commission for Canadian and U.S. listings
- Options
- $0 base plus $0.75 per contract; CA$30 assignment; exercise uses representative-assisted rates
- Mutual funds
- $0; 1% minimum CA$45 on sale or switch within 90 days, excluding money-market funds
- Fixed income and debentures
- CA$1 per CA$1,000 face value; CA$24.99 minimum and CA$250 maximum
- New issues and GICs
- $0 commission
- Telephone trades
- Tiered schedule with CA$45 minimum
- Pass-through charges
- SEC fee on U.S. sales; exceptional repeated high-volume active-side Canadian ECN fees may be passed through
Foreign exchange and currency
- Settlement currency
- Transactions settle in the currency in which the security trades
- Currency conversion
- May apply depending on account type; Qtrade may earn revenue on foreign exchange
- USD registered accounts
- RRSP, RRIF and TFSA available for US$15 quarterly; FHSA excluded
Markets
- Canadian equities
- TSX, TSXV, CSE and Cboe Canada
- U.S. equities
- NYSE and Nasdaq, plus supported OTC securities
- ETFs
- Canadian and U.S. exchanges
- Other investments
- Options, mutual funds, bonds, GICs, new issues, rights and warrants
Trading features
- Margin and short selling
- Available in margin accounts
- Dividend reinvestment
- Free DRIP service
- New issues
- IPO and secondary or treasury offerings with email notifications
Platforms and market data
- Platforms
- Web platform and iOS and Android mobile apps
- Quotes and news
- Real-time quotes, market and company news feeds, watchlists and alerts
- Portfolio analytics
- Valuation, performance, allocation and full account-history views
Orders and research
- Equity order types
- Market, stop-loss, stop-limit and trailing-stop orders
- Order handling
- Multiple orders are separate; applicable per-execution fees apply to fills and each option-combination leg
- Research
- Morningstar recommendations, fundamental and technical research, screeners and Morning News Call
- Planning tools
- Goal, net-worth and retirement or education calculators
Margin
- Standard margin rates
- Prime plus 1.55% below $100,000; prime plus 1.00% at $100,000 or more, in CAD or USD
- Investor Plus margin rates
- Prime plus 1.25% below $100,000; prime plus 0.75% at $100,000 or more
- Cash or registered debit
- 21%
- Credit interest
- Generally 0%; 0.10% CAD above CA$2,000,000
Custody and protection
- Dealer
- Qtrade Direct Investing is a division of Aviso Financial Inc.
- CIRO and CIPF
- Qtrade identifies its dealer as a CIRO and CIPF member
- ADR custody charges
- Approximately US$0.01-US$0.03 per share passed through