How much could you save with Questrade’s $0 commissions?
The amount an investor will end up saving if they used the $0 commission Questrade platform depends on a number of factors. But to illustrate, let’s assume an investment portfolio worth $100,000 that's made up of four broad-market ETFs and six blue-chip stocks.
Even a conservative, growth-oriented investor would still need to purchase and sell shares — on a monthly or quarterly basis if using a dollar-cost-averaging strategy to invest, or on an annual basis, when the investor rebalances their portfolio.
Based on the trading fee of $9.95 per trade, this theoretical (albeit conservative) investor would save approximately $480 per year. Over a decade, that’s nearly $5,000 in savings — money that stays invested and compounds over time.
More active traders could save double or quadruple this amount — amounting to $10,000 or $20,000 in savings over the next 10 years.
A better online investing experience
Easy to use and powerful, Qtrade's online trading platform puts you in full control with tools and resources that help you make well-informed decisions.
Invest NowNot the first time Questrade disrupted the investing space
Questrade has a history of challenging traditional brokerage models. It was the first to pare down trading fees to $9.95 when competitors charged $30 or more. Later, Questrade introduced $4.95 stock trades and eventually dropped these fees to $0.01 per share before eliminating the fee completely on all stock purchases.
This latest move to $0 commissions reinforces Questrade’s reputation as a disruptor in the investing and trading platform space.
Innovative offerings from Questrade
Beyond pricing, Questrade has proven it’s a market leader in trading app space. Notable firsts include:
- The first Canadian brokerage to offer the First Home Savings Account (FHSA).
- Ranked best in Canada for its award-winning customer service.
- Advanced trading platforms available on web, mobile and desktop.
- Integration with more than 30 third-party platforms, including TradingView and Passiv.
- Low-fee, professionally managed investment portfolios offered through Questwealth Portfolios.
- Free US dollar (USD) accounts.
Questrade’s company profile
Questrade, Inc. has been in operation for 25 years, managing over $50 billion in assets. It's a registered investment dealer and a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF).
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Find Your Card NowWhy should investors care?
Questrade’s move to eliminate trading commissions is more than just a cost-saving measure — it’s a game-changer for Canadian investors.
By removing barriers to entry, the investing platform gives both new and experienced traders the opportunity to get actively involved in their investment strategy without losing a portion of their returns to fees.
Over time, the savings from commission-free trading can compound significantly, reinforcing the long-term benefits of disciplined investing.
Whether an investor follows a passive strategy with ETFs or actively manages a diverse portfolio, the ability to buy and sell securities without commission fees enhances portfolio flexibility and growth potential.
Moreover, this recent update by Questrade reinforces the trading platform’s position as a positive disrupter in the brokerage industry — putting pressure on competitors and traditional financial institutions to innovate. This competition only serves to help the every day investor benefit from an industry-wide shift toward more affordable and accessible trading.
Learn more about Questrade’s $0 commissions
For any investor interested in learning more about Questrade’s $0 commission, the company is hosting a live info session on Thursday February 13, 2025, from 12pm to 1 PM EST. To register or for more information, go to: Questrade FAQs.
Or make the switch and open a Questrade brokerage account, today.
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