Buy ETFs for FREE

Trading, simplified. Again. And again.

Exchange traded funds (ETFs) are one of the fastest-growing investment products on the market. Combining the diversity of a mutual fund with the convenience and low cost of a stock, it’s no surprise investors love ETFs.

Here’s one of the biggest reasons they’re so popular: you can buy any North American-listed ETF absolutely commission-free.


Sounds good. What’s an ETF?
An ETF (exchange traded fund) is a pooled security that typically holds a basket of different stocks. ETFs have different objectives such as tracking an index, an industry, or a commodity. You can trade them just like a stock. The reason they’re popular is the fees associated with them are a fraction of the fees typical of mutual funds, but they offer a similar strategy for mitigating risk.
When you say buy ETFs for free, what do you really mean?

We mean buy ETFs commission-free. ECN fees may still apply, but you won’t pay a nickel of commissions when you buy ETFs with Questrade. If you decide to sell the ETF, you’ll pay the standard commission.

For clients trading in an RESP, you’ll be charged a flat, $5 fee on any day that you trade U.S. securities, ETFs included. This is a flat, per-day fee, no matter how many trades you make.

An ETF sounds a lot like a mutual fund. What’s the difference?
There are two main differences. The big one is fees. Mutual fund MERs (management expense ratios) can be upwards of 2% per year. ETFs? MERs can be as low as .15% - a fraction of the cost. The other difference is ease of trading. You can trade ETFs just like a stock, any time the markets can take your order (including pre and post market). Mutual funds are traded once a day at the most. Some only trade once a week or once a month.
I’m in. How do I buy ETFs?
Buy ETFs just like a stock. It’s as simple as doing your research and then placing an order in your trading platform.
There must be a limit on how many ETFs I can buy for free
No limits. None. Nada. Zilch. You can buy one ETF or all of them, one share or as many as you’d like. There are no restrictions, no minimum investment amount, no maximum number of ETFs you can buy. One more thing: this is NOT a limited time offer and you don’t have to jump through any hoops. It’s just the new way to buy ETFs.
Then there must be a limited list of ETFs available
Again, nope. You can buy any Canadian or U.S.-listed ETF in the Questrade IQ trading platforms and skip the commission.
I want to learn more about buying ETFs for free

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Commission-free ETFs

You will not pay a commission for buy and cover trades for Canadian and U.S. listed ETFs executed through any Questrade IQ platform. Any ETF sell or short is charged the commission fee that would normally apply to the account.

ETFs included as a part of a multi-leg option trade will incur a commission.


  • The commission-free ETF offer and eligible ETFs (e.g. ETFs from a particular provider or listed on a specific market) are subject to change without notice and at Questrade’s sole discretion;
  • Commission-free ETF buys and covers do not accrue toward calculating data fee rebates;
  • Other fees, such as data, Exchange and ECN fees may apply.

Commissions, management fees and expenses all may be associated with exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication is intended for informational purposes only and is not, and should not be construed as, investment and/or tax advice to any individual. Particular investments and/or trading strategies should be evaluated relative to each individual’s circumstances. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment.

Questrade is a registered trademark licensed to Questrade Financial Group (“QFG”). Questrade Wealth Management Inc. (“QWM”) and Questrade, Inc. are wholly owned subsidiary of Questrade Financial Group Inc. Questrade, Inc. is a registered investment dealer, member of the Investment Industry Regulatory Organization of Canada and a member of Canadian Investor Protection Fund. Legal Disclosure