Online brokerage
Questrade Review: CIRO-Registered, Fees & Platforms
By ForexCanada Editorial Team · Updated
Canada check
Canada's largest independent online brokerage; FX and CFDs are offered through the separate Questrade Global platform.
- Canadian status
- CIRO-registered
- Canadian entity
- Questrade, Inc.
- CIPF coverage
- Yes (eligible accounts, within CIPF limits)
- OBSI complaints
- Yes — free, independent dispute resolution
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- —
- Founded
- 1999
- Headquarters
- Toronto, ON
Our take on Questrade
Questrade is Canada's best-known independent discount brokerage and, since dropping stock and ETF commissions, one of the cheapest places to invest in a TFSA, RRSP or FHSA. It is also one of the few Canadian firms that offers both long-term investing and leveraged trading: forex and CFDs run on the separate Questrade Global platform. Having everything under a Canadian-owned CIRO member is convenient — funding is straightforward from any Canadian bank, and support works on Canadian hours. FX/CFD spreads are not the tightest in the market, and Questrade Global doesn't support MetaTrader or TradingView trading.
Verdict
An excellent home base for Canadian investors. For dedicated forex traders, it's convenient rather than best-in-class on pricing or platforms.
What we like
- +$0 stock and ETF commissions in registered and cash accounts
- +Full range of Canadian registered accounts
- +Forex and CFDs available from the same Canadian dealer
- +Easy funding from Canadian banks
Watch out for
- −FX/CFD spreads wider than specialist brokers
- −No MT4/MT5 or TradingView trading for FX
- −Separate platforms for investing and FX/CFDs
How Questrade scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- Proprietary desktop, Proprietary web, Mobile app
- Markets
- Forex (100+ pairs) · CFDs · Stocks · ETFs · Options · Bonds · Mutual funds
- Pricing
- $0 commissions on stocks and ETFs; options from $0.99/contract; FX/CFDs priced via spreads
- Minimum deposit
- $0
- Leverage
- Set by CIRO margin rates
- CAD / USD accounts
- ✓ CAD | ✓ USD
- Registered accounts
- TFSA, RRSP, FHSA, RESP, RRIF, LIRA, Spousal RRSP
- Funding
- Online banking bill payment, EFT, Wire transfer
- Demo account
- Available
- French service
- Yes
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify Questrade yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Questrade: frequently asked questions
Is Questrade regulated in Canada?
Yes. Canadian clients are served by Questrade, Inc., a registered investment dealer and member of the Canadian Investment Regulatory Organization (CIRO). You can confirm this on CIRO's list of dealers it regulates and in the CSA National Registration Search.
Is my money protected with Questrade?
Eligible accounts at CIRO dealer members are covered by the Canadian Investor Protection Fund (CIPF) if the firm becomes insolvent — generally up to $1 million per account category. CIPF does not cover trading losses.
What is the minimum deposit at Questrade?
$0. Minimums change, so confirm on the broker's website before funding.
Can I open a TFSA or RRSP with Questrade?
Yes. Questrade offers TFSA, RRSP, FHSA, RESP, RRIF, LIRA, Spousal RRSP accounts. Note that leveraged forex and CFDs can't be held in registered accounts.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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