How do I get the $50 in free trades?

Open a new Questrade account using a referral link and fund it with any amount. The $50 in free trades will be credited to your account automatically and can be used on any eligible asset class. Free trades expire 1 year from issue.

Are ETF purchases really free?

Yes. Questrade does not charge any commission to buy ETFs listed on Canadian or US exchanges. Selling ETFs is charged at the standard commission rate of $4.95–$9.95.

Can I hold US dollars in my TFSA or RRSP?

Yes. Questrade allows you to hold USD in your registered accounts through their USD registered account feature, which lets you avoid the 1.75% FX conversion spread on US-dollar trades.

Does Questrade offer a FHSA account?

Yes. Questrade supports the First Home Savings Account (FHSA), allowing first-time home buyers to contribute up to $8,000 per year (lifetime maximum $40,000) in a tax-deductible, tax-sheltered account.

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Get $50 Bonus

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Questrade Referral Bonus

Get $50 in free trades when you open and fund a new Questrade account using a referral code

Canada's leading discount broker with $50 in free trades for new accounts.

Claim Your $50

Claim Your Bonus

Use our referral link to sign up and get your bonus

No referral code required

Simply sign up using the link below

New Questrade clients only. $50 in free trades credited after account funding. Free trades expire 1 year after issue. Not available in Quebec. See Questrade.com for full terms and conditions.

Visit Questrade website

Why Choose Questrade?

Questrade is Canada's largest independent online brokerage, founded in 1999 and headquartered in Toronto.

With over 350,000 new accounts opened annually and more than $30 billion in assets under administration, Questrade is the go-to choice for self-directed Canadian investors looking for low-cost stock and ETF trading.

Questrade charges $0 to buy ETFs and as low as $0.01 per share to sell, making it one of the most affordable platforms for passive index investors.

It supports stocks, ETFs, options, bonds, GICs, IPOs, forex, and CFDs.

All registered account types are supported including TFSA, RRSP, FHSA, RESP, LIRA, and margin accounts.

New clients who open and fund an account with a referral code receive $50 in free trades to use on any asset class.

Free ETF Purchases

Buy any ETF listed on Canadian or US exchanges for absolutely $0 — one of Questrade's signature features that makes it ideal for passive index investors building a TFSA or RRSP portfolio

Low Stock Trading Fees

Trade stocks for as low as $0.01 per share with a minimum of $4.95 and maximum of $9.95 per trade — significantly cheaper than the big bank brokerages that charge $6.95–$9.99 per trade

CIPF Protected & IIROC Regulated

Questrade is a member of IIROC and CIPF, providing up to $1 million in protection for eligible investment accounts if the firm were to become insolvent

All Registered Account Types

Open a TFSA, RRSP, FHSA, RESP, LIRA, or non-registered margin account — all with competitive FX rates and the option to hold USD in registered accounts to avoid conversion fees

How to Get Your $50 Bonus

Follow these simple steps to claim your referral bonus

Click the Referral Link

Use our referral link to start your Questrade application — the $50 in free trades bonus is automatically applied to your new account

Open and Verify Your Account

Complete the online application with your personal and financial information. Account approval typically takes 1–2 business days

Fund and Start Trading

Deposit funds via Interac e-Transfer, bank wire, or cheque and use your $50 in free trades on stocks, ETFs, options, or any other supported asset class

Start Now

1999

Founded

$30B+

AUA

Free

ETF Buys

IIROC

Regulation

Our Verdict

Questrade is the top choice for cost-conscious Canadian investors, particularly those building ETF-heavy portfolios in registered accounts. The combination of free ETF purchases, low commissions, full registered account support, and CIPF protection makes it a benchmark for value in Canadian online brokerage.

Pros & Cons

What we like

Free ETF purchases on all Canadian and US-listed ETFs

Low stock commissions from $4.95 per trade

Supports all Canadian registered account types

USD accounts available in registered accounts to avoid FX conversion

CIPF and IIROC member for investor protection

Advanced trading platform (Questrade Edge) available for active traders

$50 in free trades for new clients via referral

Things to consider

ETF sales are not free — charged at standard commission rates

FX conversion fees (1.75% spread) apply unless using USD accounts

Platform can feel complex for complete beginners

No fractional shares available

Referral bonus not available to Quebec residents

Frequently Asked Questions

Everything you need to know about the Questrade referral program

Yes. Questrade is regulated by IIROC (Investment Industry Regulatory Organization of Canada) and is a member of CIPF (Canadian Investor Protection Fund), which protects eligible client assets up to $1 million if Questrade were to become insolvent.