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Transaction Fees
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Exchange
In addition to your trading commission, you may be charged an Electronic Communication Networks (ECNs) or Alternative Trading Systems (ATSs) fee. ECNs and ATSs are intermediaries that connect brokers to the market. ECNs and ATSs can charge a fee based on trading activity on their exchange. Rather than roll these fees into our trading commissions and have higher commissions, we charge each trader who incurs a fee directly. ECN fees don't apply to every trade.
ECN Fees (adding liquidity)
In most cases, there’s no charge whenever an order adds liquidity to a market, meaning it’s not likely to be filled immediately. This can include limit orders that are not filled immediately.
| Canadian securities $1.00 and above | free |
|---|---|
| Canadian securities $0.99 and below | free |
| Canadian securities $0.99 and below – CSE | free |
| U.S Securities - MNGD | free |
| U.S Securities - INET (NSDQ) | free |
| U.S Securities - ARCA, NYSE, EDGX | free |
| U.S Securities – EDGA | $0.004/share |
| U.S Securities - IEX | $0.0012/share |
ECN Fees (removing liquidity)
In general, ECNs and ATSs charge fees whenever an order removes liquidity from the market, meaning it's likely to be filled immediately. This includes all market orders, where the investor accepts the price without specifying a minimum or maximum.
| Canadian securities $1.00 and above | $0.0035/share |
|---|---|
| Canadian securities $0.99 and below | $0.0008/share |
| Canadian securities $0.99 and below – CSE | $0.0012/share |
| U.S Securities – MNGD | free |
| U.S Securities - INET (NSDQ) | $0.003/share |
| U.S Securities - BATS | $0.004/share |
| U.S Securities - ARCA, NYSE, EDGX | $0.004/share |
| U.S Securities – EDGA | free |
| U.S Securities - IEX | $0.0012/share |
Odd-lot orders
You may also be charged an ECN fee if you trade an “odd-lot order,” which is generally any order that is less than 100 shares. What is considered an odd lot may vary depending on the price of the security and the exchange (for example, on the Toronto Stock Exchange an odd lot is 1000 shares for stocks that are less than 10c and 500 shares for stocks priced between 10c and $1). An order for a number of shares that is greater than 100, but not a multiple of 100 is considered a mixed lot (i.e 157, 275, 1845 shares). The odd lot portion of a mixed lot may also be charged an ECN fee.
SEC Fee
The U.S. Securities and Exchange Commission (SEC) collects a fee for all sales of U.S. securities. This fee will only be charged if you sell an American security listed on an American exchange.
The fee is calculated at 0.0000278 x the value of the trade.
E.g. Selling 100 shares of a U.S. stock at $25 (100 x $25 = $2,500) will incur an SEC fee of $0.07 USD (0.0000278 x $2,500).
ADR Fee
Agent banks usually charge investors a custody fee for holding American Depositary Receipts (ADRs). The custody fee may include the Annual fee, issuance fee and cancellation fee. The amount and timing of custody fees are detailed in your ADR prospectus. For an annual custody fee, as per the U.S. Securities and Exchange Commission (SEC), the Depository Trust Company collects the custody fees on ADRs that do not pay periodic dividends. If you hold an ADR that does not pay a dividend, the annual custody fee will be deducted from your account and posted on your monthly statement.
Warrants & Rights
When you purchase warrants and rights, the exchange charges you a fee to remove liquidity.
| Adding liquidity | free |
|---|---|
| Removing liquidity | All exchanges except CSE 0.025% of the value per fill* (min $0.50, max $50.00) |
| CSE securities greater than or equal to $1.00 | $0.0035/unit |
It is possible to have multiple fills per order and be charged the minimum fee multiple times for the same order.
Notes & Debentures
When purchasing notes and debentures, there is a fee per par value for each side of the transaction.
- Notes and debentures fee: $0.10 per $1,000 par value per side
- Notes and debentures on the CSE have a minimum $1.00 per side
- Regular commission fees also apply
Non-DTC Eligible Securities
The DTC (Depository Trust Company) is one of the world’s largest securities depositories. It provides safekeeping through electronic record keeping of securities balances. It also acts as a clearinghouse to process and settle trades in corporate and municipal securities. A non-DTC eligible security are securities which, due to restrictions imposed by the Depository Trust Company, cannot be deposited electronically.
Settlement of non-DTC (Depository Trust Company) eligible securities $450.00
Special Request
Following is a list of fees that we will only charge if or when you do a specific action. If you don't have any of these requests, you won't be charged.
| Private placement request 1 | $175.00/trade |
|---|---|
| Research request (minimum one hour) | $75.00/hr |
| Unclaimed property | $29.95/quarter |
| Precious metals withdrawal fee 2 | $75.00 |
| Precious metals gold storage fee (pooled) | 0.60% of market value |
| Precious metals silver storage fee (pooled) | 0.90% of market value |
| Precious metals storage fee (separated) | 1.50% of market value |
| Private investment transactions 3 | $75.00 each |
| Private investment quarterly physical holding fee 4,5,6 | $24.95 |
| Private investment quarterly physical holding fee-additional accounts 4,5,6 | $12.50 |
| Private investment one-time product onboarding fee (issuer only) 7 | $250.00 |
| Canadian controlled private corporations (CCPC) fee 8 | $250.00 + $100.00/year |
Commissions
Trade commissions are charged by a broker when you buy or sell certain investments.
| Stock Trade - Buy | $0.01/share (min. $4.95 to max. $9.95) |
|---|---|
| Stock Trade - Sell | $0.01/share (min. $4.95 to max. $9.95) |
| ETF Trade - Buy | free |
| ETF Trade - Sell | $0.01/share (min. $4.95 to max. $9.95) |
| Options Trade - Buy | $9.95 + $1.00/contract |
| Options Trade - Sell | $9.95 + $1.00/contract |
| International Equities - Buy | 1% of the value of the trade (min. $195) |
| International Equities - Sell | 1% of the value of the trade (min. $195) |
| IPOs & New Issues - Buy | free Min. $5,000.00 purchase |
| Dividend reinvestment plan | FREE |
Commissions excluded from market data rebates
The following commissions are excluded from market data package rebates, as they are commissions generated outside Questrade trading platforms.
| Options (Exercise/assignment) | $24.95 |
|---|---|
| Mutual Fund Trade - Buy | $9.95/trade |
| Mutual Fund Trade - Sell | $9.95/trade |
| Currency Conversion (USD/CAD) 9 | 1.5% |
| Bonds - Buy 10 | Min. $5,000.00 purchase |
| GICs - Buy 10 | Min. $5,000.00 purchase |
| Precious Metals - Buy | $19.95/trade USD |
| Precious Metals - Sell | $19.95/trade USD |
| Trades executed via the trade desk | $45.00/trade |
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Get answers to frequently asked questions
1 As of March 1st, 2017. All private placement requests are subject to approval. The fee is charged upon Questrade's receipt of the request. If a request is rejected, the fee is non-refundable.
2 A shipping fee of USD $35 is charged for each 500oz or $100,000 of gold or silver, whichever is higher, withdrawn from pooled storage (your precious metals are stored together with other customers' metals). There is also an insurance fee of USD $6.50 charged on every $1,000 of gold and USD $6.50 on every $1,000 of silver. If your precious metals are stored separately from other customers' metals, please contact us for shipping and insurance fees.
3 Charged per purchase/redemption/Contribution-in-Kind of physical or electronic EMP at the time of transaction.
4 Waived with $15,000 CAD combined equity, per customer, in non EMPs.
5 Charged per account holding any EMP(s) on the 1st business day of: January, April, July, October.
6 As of June 1, 2018, accounts will be assessed a fee for the quarter in which they first acquire an EMP.
7 Invoiced to the dealer/issuer upon the first customer transaction in a new EMP fund.
8 The CPCC fee is charged when you move shares of a private Canadian corporation into your personal or corporate Questrade Inc brokerage account. No fee is charged to open a Questrade, Inc investing or trading account for your privately held corporation (corporate margin account).
9 Questrade currently charges a 1.5% currency conversion fee on Canadian to US dollar conversions (and vice versa). This fee was last updated November 18, 2023. The fee is included in the total foreign exchange rate that is applied to your conversion.
10 Questrade remuneration has been added to the price of this security (in the case of a purchase) or deducted from the price of this security (in the case of a sale). For GICs, it’s included in the rate provided.