Precious metals pricing
Gold and silver are priced and traded in U.S. dollars and can be purchased in both RSP and margin accounts. Clients holding Canadian funds are offered preferential currency conversion rates on all purchases and sales of precious metals. You can buy gold and silver on credit and borrow on the bullion already in your margin account — up to 80% loan value for gold, and 70% for silver.
To purchase precious metals
You must have an open account with sufficient funds. If you do not currently have an account at Questrade, get started today. The pricing of our products are indicative only and may change upon confirmation of purchase or sale of the actual product.
Gold orders are accepted from 8:30 a.m. to 3 p.m. ET. Orders will be processed at approximately 3 p.m. at the market price. Larger orders (over $10,000 USD) received between 8:30 a.m. to 3 p.m. can be placed immediately.
Please phone in your order to our trade desk, toll free, at 1.888.783.7866 (when prompted press 2) or call 1.866.980.9590. We will need your account number, product description, and the number of units to be purchased. More about precious metals
For clients withdrawing precious metals, a service fee of USD $75.00 will be charged.
Please contact us for shipping fees, as prices may vary depending on the destination.
- An insurance fee of USD $4.00 per $1,000 of gold value will apply.
- An insurance fee of USD $7.50 per $1,000 of silver value will apply.
For clients who are maintaining USD in their RESP: on any day in which you trade a USD security (including gold) in your RESP, you will be charged a $5.00 commission. This is a flat, per-day commission, no matter how many trades are made. Go to the USD in RSP page for more details.
1. in the currency of trade, per product type.
2. We currently charge 0.25% of market value. Effective December 1, 2015, the rate is 0.75% of market value.