Transaction Fees
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Exchange
Although there are no commissions for US and Canadian listed stock and ETF online trades, it is possible (depending on your order type) that you may be charged an Electronic Communication Network (ECN) fee. ECNs are intermediaries that connect brokers to the market. ECN fees don't apply to every trade, but when they do they will be added to the cost of your trade. ECNs typically charge fees whenever an order removes liquidity from the market, meaning it's likely to be filled immediately.
ECN fees apply to a very small subset of trades
Orders for Canadian securities: No ECN feesOrders for US securities: No ECN fees except in the following cases
Direct routed orders* to one of the following US exchanges or marketplaces which ADD liquidity:
EDGA ($0.004/share)
IEX (0.0012/share)
Direct routed orders* to one of the following US exchanges or marketplaces which REMOVE liquidity:
NASDAQ ($0.003/share)
BATS, ARCA, NYSE, EDGX ($0.004/share)
IEX (0.0012/share)
Orders for any US OTC security ($0.000005/share)
Orders filled in the overnight trading session from 8pm to 2am ET ($0.003/share)
*Direct routed orders are orders where you choose the execution venue (or route) rather than allowing it to be smart routed. This can only be done by modifying the “route” area of one of the Questrade Edge platforms.
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 0.0000206 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 $0.05 USD (0.0000206 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 request1 | $175.00/trade |
Research request (minimum one hour) | $75.00/hr |
Unclaimed property | $29.95/quarter |
Precious metals withdrawal fee - trade desk2 | $75.00 |
Precious metals gold storage fee (pooled) - trade desk | 0.60% of market value |
Precious metals silver storage fee (pooled) - trade desk | 0.90% of market value |
Precious metals storage fee (separated) - trade desk | 1.50% of market value |
Private investment transactions3 | $75.00 each |
Private investment quarterly physical holding fee4,5,6 | $24.95 |
Private investment quarterly physical holding fee-additional accounts4,5,6 | $12.50 |
Private investment one-time product onboarding fee (issuer only)7 | $250.00 |
Canadian controlled private corporations (CCPC) fee8 | $250.00 + $100.00/year |
Commissions
Stock Trade - Buy | Free |
Stock Trade - Sell | Free |
ETF Trade - Buy | Free |
ETF Trade - Sell | Free |
Options Trade - USD Equity | Free - Questrade Plus subscribers earn cashback of $0.05 CAD /contract 12 |
Options Trade - CAD | $0 + CAD $0.99 /contract |
Options Trade - USD Index 9 (Active until September 27, 2026) | $0 + variable based on monthly options trade volume (see breakdown below) |
Options Trade - USD Index (Active starting market open September 28, 2026) | $0 + USD $0.99 /contract |
International Equities - Buy | 1% of the value of the trade, charged in U.S. dollars (min. $195.00) |
International Equities - Sell | 1% of the value of the trade, charged in U.S. dollars (min. $195.00) |
IPOs & New Issues - Buy | Free - Min. $5,000.00 purchase |
Dividend reinvestment plan | Free |
Options Exercise | $24.95 |
Options Assignment | Free |
Mutual Fund Trade - Buy | $9.95/trade |
Mutual Fund Trade - Sell | $9.95/trade |
Currency Conversion (USD/CAD) 10 | 1.5% |
Bonds - Buy 11 | Min. $5,000.00 purchase |
GICs - Buy 11 | Min. $5,000.00 purchase |
Questrade Gold: | 0.25% per transaction (no storage fee) |
Precious Metals - Trade Desk: Buy | $19.95/trade USD |
Precious Metals - Trade Desk: Sell | $19.95/trade USD |
Trades executed via the trade desk | $45.00/trade in addition to the regular commission (if applicable as set out above) charged for the product or transaction. |
US Options Pricing
Contract fees for US Index option contracts (until market open September 28, 2026) are calculated marginally based on your cumulative monthly US options trade volume, including all US equity and index options contracts executed within the calendar month across all accounts. Contract fees are charged in USD.
250 contracts / month or less | USD Index: $0.99/contract |
251 - 500 contracts / month | USD Index: $0.75/contract |
501 - 1,000 contracts / month | USD Index: $0.50/contract |
1,001 - 2,500 contracts / month | USD Index: $0.40/contract |
2,501 - 5,000 contracts / month | USD Index: $0.30/contract |
5,001 - 10,000 contracts / month | USD Index: $0.20/contract |
10,001 - 50,000 contracts / month | USD Index: $0.15/contract |
50,001+ contracts / month | USD Index: $0.00/contract |
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