Once you’ve set up your account, choose the way you want to fund it. The name on your deposit account must be the same as your Questrade account. See minimum initial funding.
Self-directed stocks & options accounts
To keep your account in good standing, $250 equity or account value is required.
Portfolio IQ accounts
Once you’re invested, you need to maintain an account value of $1,500 to keep your account in good standing. If the value of your account drops below $1,500, your investments will be liquidated.
FX & CFD accounts
USD $1,000* for an FX & CFD account.
* Some CFD products may require a higher balance.
Questrade will assess a $30.00 fee for each returned cheque.
Cheques returned NSF will result in an account being restricted for a 90-day period. Multiple instances of returned cheques will result in a permanent restriction of this type of payment. This restriction limits new deposits to: bank wire transfers or certified cheques issued by a bank. If the funds represented by the NSF cheque were intended to meet a margin call or to purchase securities, the account may be subject to immediate liquidation as determined by Questrade.
Online banking lets you set up a direct deposit to your Questrade account.
Funds deposited to your account will be available in 1-2 business days. Online banking can only be used for Canadian funds.
To set up online banking:
Automatic, flexible, and free, set up regular or one-time contributions with pre-authorized deposits (also called auto-deposits). Log in to Questrade, hover over FUNDING, and click or tap Pre-authorized deposit. Set up, manage, monitor transactions, suspend, and cancel pre-authorized deposits for each of your Questrade accounts directly from the customer portal. You can set up pre-authorized deposits in Canadian and U.S. funds.
Interac Online lets you fund your Questrade account directly from your financial institution. Log in to Questrade, hover over FUNDING, and click or tap Interac Online. Choose the account that you would like to fund and the funding amount. Once you select continue, you will be redirected to the Interac Online gateway page, prompting you to select your financial institution. Log in to online banking and select the account you want to pay from. You will be prompted to confirm the payment amount.
Things to know: