Exchange & ECN fees

Electronic communication networks (ECNs) and alternative trading systems (ATSs) charge a fee to all market participants who use their networks.

Questrade charges the following in order to offset ECN and ATS access costs. Charges are in the currency of the exchange:

      Liquidity  
Canadian securities   Adding ($ / share)   Removing ($ / share)
Equities ≥ $1.001        
TSX, TSX venture and all ATSs2   Free   $0.0035
Equities < $1.001        
TSX, TSX venture and all ATSs2   Free   $0.0008
      Liquidity  
U.S. securities   Adding ($ / share)   Removing ($ / share)
POST, MNGD and LAMP   Free   Free
INET (NSDQ)   Free   $0.003
ARCA   Free   $0.004
NYSE   Free   $0.004

Additional Canadian security fees

  • Warrants and rights:
    • Adding liquidity: free
    • Removing liquidity: 1/40th of 1% of the value of the trade; min $0.50, max $50.00
  • Notes and debentures: $0.10 per $1,000 par value per side.

SEC fee

  • The SEC collects a fee for all sales of U.S. securities.
  • Effective January 21st, 2011, the fee is calculated at 0.0000192 x the value of the trade. e.g., selling 100 shares of a U.S. stock at $29 (100 x $29 = $2,900) will incur a SEC fee of USD $0.06 (0.0000192 x $2,900).

For additional information on ECNs and ATSs including how to select one, please see preferred ECNs 101 and preferred ECN in our glossary.

Note: Questrade neither endorses nor is responsible for the content on other company sites. Please visit our security centre for more information on our privacy policy and steps you can take to ensure your online security.

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