100% Upvoted. If I don’t manually buy/sell anything, would I still be charged for inactivity? Commissions for trades. This means that you can use Questrade even in case you trade frequently like multiple times a week or daily. I have a TFSA that’s filled with RioCan which is setup on DRIP. Inactivity fees. The $24.95 is an inactivity fee; if you complete at least 1 trade each quarter - even a commission-free ETF purchase - the fee is waived. Resources Resources If you need a hand, have a question or want to build your investing knowledge, we’re here to help. Together with access to Canadian stock markets, Questrade clients can also trade all US-based securities on the NASDAQ, NYSE, and other bourses. This is great news for the ETF or Canadian Couch Potato Investor that does not trade so often. Better to use Tangerine mutual funds or TD e-series until the balance is big enough to avoid these inactivity fees. Inactivity fee applies once per quarter, per account. I use Questrade to day/swing trade US stocks and I use WST for Canadian stocks. Help.Questrade.com, Press J to jump to the feed. On the CSE there is a minimum $1.00 charge per side. New Questrade clients can use the Questrade offer code, WALLETBLISS, to get up to $200 in total bonus and transfer fee waiver. As of October 1st 2020, the inactivity fee has been discontinued. Questrade does not charge an inactivity fee on any type of account. If you need to reference historical inactivity fee charges, please see the section below for more details. Good penny stocks reddit questrade refer a friend promotion. Commissions. The purchase of ETFs, which are commission-free at Questrade, do count as activity for the purpose of avoiding the fee. ** Questrade charges an inactivity fee and Questrade offers no fee for their desktop and mobile app – see the description above. Questrade no longer accepts OTC BB (over-the-counter bulletin board) and pink sheet stock physical certificates, even if they can be transferred via DWAC. It is also the fastest growing online brokerage and has $15 billion in assets under management. Buying [commission free] ETFs does count as a trade to avoid inactivity fees. Questrade is Canada’s top independent discount brokerage firm. Wealthsimple Trade has no fees for buying and selling stocks and ETFs. Questrade. You may notice that Questrade charges a quarterly inactivity fee of $24.95. Questrade Inactivity Fee Questrade charges inactivity fee of $24.95 per quarter if no trade was made in a quarter AND combined accounts balance is under $5,000. Correct! For example, opening certain accounts requires a minimum investment of $1,000. http://help.questrade.com/how-to/frequently-asked-questions-(faqs)/self-directed-investing/diy-understanding-fees-and-commissions/what-is-an-inactivity-fee-#.WTVcguvyuUk. For the calculations, they have the process outlined on one of their pages. Minimum Balance Requirement: Opening an account with Questrade requires a minimum balance requirement. Stocks. Taking into consideration the 2% fee at buy and sell (4% total) plus the regular buy sell fees which on the low end would be about 10$, you'd have to make a substantial profit on your trades in order to break even or even make decent money. Inactivity Fee. Log in or sign up to … Questrade charges $4.95 minimum per trade to sell ETFs and buy or sell stocks. The easiest way to avoid an inactivity fee, other than making manual transactions, is probably to maintain a minimum balance. Questrade Promo Code. [Not one trade per account] Buying [commission free] ETFs does count as a trade to avoid inactivity fees. Someone asked the same question 3 months ago and below were the answers from a Questrade rep. [To avoid inactivity fee], you just need to place one trade regardless of how many accounts you have. Questrade takes an inactivity fee if your account balance is below $5000 in equity stocks. I do not want to actively trade on the tfsa account so want to check how the fee structure plays out. Some investors may not know about Questrade’s small account inactivity fee. I recall John from QT mentioning that you would have to execute a sell order at the very least. Options. Questwealth Portfolios Pricing. I thought it was higher, but QT's page says it's $1,000 so hopefully that's not too hard to hit. You need to do at least one trade in the quarter to waive the inactivity fee (you certainly don’t need to be an active trader). If you only hold ETFs, it's advantageous for you to buy VGRO shares, even if it's just one share, as it's commission-free, and will negate the inactivity fee. … Or I have to incur a commission for the fee to be waived? home; about us; request a song; facebook; twitter; linked in; pinterest; youtube; home; hindi chords; punjabi chords; english chords; all time hits You need a minimum of $1000 in your account to start trading in Questrade. Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services. If your account is inactive for a year, it could cost you $100 in fees. One more reason to choose Questrade: As of October 1, Questrade will no longer be charging inactivity fees on any accounts. Webinars. I have a TFSA that’s filled with RioCan which is setup on DRIP. Webinars. I was looking up fees and costs and saw that on this post: As of October 1, 2020, our quarterly inactivity fee has been discontinued. Key Questrade benefits . Inactivity fees do not apply to any Questrade account type. That is, $50 in trade rebate or $10,000 managed free in the first year. I have some stocks in my margin account which i want to move into my TFSA and hold. No need to worry, as this can be easily avoided by making just one trade or $150 deposit per quarter. Press question mark to learn the rest of the keyboard shortcuts. Help.Questrade.com, Press J to jump to the feed. Has anyone used wealthsimple trade yet? You may notice that Questrade charges a quarterly inactivity fee of $24.95. Does this mean … This Questrade offer code gives You can read about all the ways to avoid inactivity fees here: http://help.questrade.com/how-to/frequently-asked-questions-(faqs)/self-directed-investing/diy-understanding-fees-and-commissions/what-is-an-inactivity-fee-#.WTVcguvyuUk, New comments cannot be posted and votes cannot be cast, The official Questrade subreddit Resources Resources If you need a hand, have a question or want to build your investing knowledge, we’re here to help. Fierce competition, especially from Wealthsimple Trade, is helping lowering fees at other brokerages like Questrade. In addition, if you want to avoid the inactivity fees, you will need a minimum of $1000 in your account (see below for more information about inactivity fees). Questrade forex fees are high although it is one of the only top canadian stockbrokers who offer forex trading. If your account balance exceeds $5,000, or you are 25 years of age or younger, the fee will also be waived. And $150 transfer fee reimbursed when you move your account to Questrade. Wealthsimple Trade. Questrade have a choice of flexible and powerful trading platforms for efficient and confident trading for all skill levels. Learn more about investing with interesting stories and articles. That’s right, $0, and a first in Canada. Some Questrade broker features and products mentioned within this Questrade review may not be available to traders from specific countries due to legal restrictions. Inactivity fee applies once per quarter, per account. Close • Posted by 1 hour ago. There is no annual fee and Questrade recently dropped the inactivity fee) They have Paperless sign-up, start trading within 3 days No fees for client under 25 and myFamily account pooling I want my trading app to be easy to use, easy to navigate, have a nice and modern user interface and make it fun for me to buy or sell stocks. Questrade Commission Structure and Investment Products. 2 In order to send an EFT a void cheque from a bank account is required. 3. Minimum investment requirements vary from account to account. If an investor holds less than $5000 in their combined accounts, and if they are 26 years of age or older, and if they have not subscribed to a level 1 or higher data package, and if they do not execute one commissionable trade each quarter (3 months) they will have to pay a fee of $19.95 for that quarter. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Sign-Up … Beginning this month, Canadian discount broker Questrade officially starts charging for inactivity fees – $19.95 per quarter to be exact. There are no account fees for either platform, though Questrade will charge a quarterly inactivity fee if you don’t make any trades on your account. Questrade inactivity fee ⓘ Advertiser disclosure Overview of Questrade fees and charges. Questwealth Portfolios Pricing. As of October 1, Questrade will no longer be charging inactivity fees on any account. Investments Commissions; Stocks (Democratic Plan) $0.01 per share, $4.95 minimum, $9.95 maximum per trade: Stocks (Advantage Variable Plan) $0.01 per share, $0.01 minimum, $6.95 maximum per trade : ETFs: All Canadian and U.S. ETFs are free to buy; … Questrade inactivity fee questrade charges inactivity fee of 24 95 per quarter if no trade was made in a quarter and combined accounts balance is under 5 000. As mentioned above, Questrade is available only to Canadian citizens, and is not available to US residents. The inactivity fee is very minor as far as I am concerned especially relative to fees you could pay. If you plan to trade frequently, a margin account is very convenient. go now Blog. Active traders enjoy special pricing plans and fee rebates with Questrade. Active traders enjoy special pricing plans and fee rebates with Questrade. [Not one trade per account]. Will I be charged inactivity fee, even if I have no open accounts? Low-fees and no unnecessary fees on diversified ETF portfolios. 4. Honestly if you don't have at least $5,000 OR you don't make at least 1 ETF purchase per quarter you probably shouldn't have a Questrade account. While the inactivity fee seems steep at first glance, it’s easy to waive. Low-fees and no unnecessary fees on diversified ETF portfolios. If I don’t manually buy/sell anything, would I still be charged for inactivity? So it's effectively 1 trade per every 2 quarters or total combined value of 5k in all accounts. The flat fee drops to CAD 6.95 if you make more than 150 trades per quarter (any trades, not just options) or have an account balance of at least CAD 500,000. Except for the purchase of ETFs, none of the other equities are free to trade here – whether buying or selling. One exception to this is when you make a USD trade, you pay a 1.50% currency conversion fee (exchange rate fees are typical for brokerages). Questrade used to charge a quarterly inactivity of $24.95 to users if the account equity was below $1000 and if the account was not really being used. I. As of October 1, 2020, our quarterly inactivity fee has been discontinued. share. Additionally, if inactivity fee has incurred, and you make 1 trade in the following quarter, then the commission from the previous quarter will be refunded to you as commission fee credit, or something like that. https://questrade-support.secure.force.com/mylearning/view/b/Account/Inactivity-fees/. An inactivity fee is charged quarterly to clients who hasn't place a commissionable trade OR maintain 5k total assets in that quarter OR age is > 25 OR etc etc Thanks. Questrade doesn’t charge annual account fees on any of its self-directed accounts but will charge $24.95 for each quarter the account is inactive. Trade forex cfds at questrade with low spreads and no opening and closing fees. Learn more about investing with interesting stories and articles. 1 As of October 1, 2020, we are no longer charging an inactivity fee on accounts. save hide report. It's safe to say that Questrade's fees are low in general. Qtrade has mixed non-trading fees. As long as you have a total account value of $1000 CAD or more, you will avoid the inactivity fee with having to place any trades. Questrade Platforms. Non-trading fees. Questrade Inactivity Fee Questrade does not charge account inactivity fee anymore. New comments cannot be posted and votes cannot be cast, The official Questrade subreddit Press question mark to learn the rest of the keyboard shortcuts. Would anyone know if the Questrade TFSA account also has an inactivity fee like the margin accounts? Exchange traded funds (ETFs) Between $4.95 and $9.95 (but free to buy) Free. Once billed as the “no fee” discount brokerage, Questrade faced a strong backlash from its client base on Canadian deal site RedFlagDeals.com back in […] 1 comment. Inactivity fees. Other Fees Notes & Debentures. Someone asked the same question 3 months ago and below were the answers from a Questrade rep. [To avoid inactivity fee], you just need to place one trade regardless of how many accounts you have. While Questrade has one of the lowest fee schedules for trading stocks and ETFs in Canada, you can save even more using our referral code (SAVVY50). Hi all, if I put $2k in a new account and I buy an ETF (say just 1 unit) every quarter, does the inactivity fee still get waived? Stocks, options, mutual funds, ETFs, bonds, and precious metals are supported in every account. You need a $1k balance to open an account; however, to keep the account open, you only need to have a total equity (cash + investments) of $250 CAD [...] for each account. When purchasing notes and debentures there is a charge of $0.10 per $1,000 par value for each side. go now Blog. Whereas Wealthsimple Trade is completely free yo buy and sell. Quarterly Inactivity Fee: For accounts under $1,000, Questrade charges $24.95 if no trades are made within that quarter. Deposits and withdrawals are free of charge, but there's an account fee that functions similarly to an inactivity fee. Free . Between $4.95 and $9.95. I recently made a Questrade profile, I haven't made an account like a TFSA or RSP account and probably won't for a while. I just signed up on Questrade and I have some very basic questions which I would like to double check on the answers. You will not be charged an inactivity fee but to start trading you will need a minimum account balance of $1000. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. Questrade Promo Code 2021. Non-DTC Eligible Securities. 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