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Questrade account types

Every account type Questrade offers, with the minimum deposit and the terms, as recorded in the database.

Facts last checked . Read the full Questrade review.

Accounts

Minimum deposit
$0
Account types
Individual Forex & CFDs, Cash, Margin, TFSA, RRSP, FHSA, RESP, RRIF, Corporate, Partnership, Trust, Managed
Account currencies
CAD, USD
Islamic account
No
Demo account
Yes, 30-day FX & CFD practice account
Professional account
Yes, institutional/corporate configurations
Minimum trade size
1,000 currency units / 0.01 standard lot
Time to open
Typically completed online within minutes; verification may take additional time

What this means

Questrade runs 12 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: CAD, USD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 1,000 currency units / 0.01 standard lot. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about Questrade accounts

What account types does Questrade offer?

Questrade offers 12 account types: Individual Forex & CFDs, Cash, Margin, TFSA, RRSP, FHSA, RESP, RRIF, Corporate, Partnership, Trust, Managed.

What is the minimum deposit at Questrade?

The minimum deposit at Questrade is $0. It can differ by account type and by the entity you register with.

Which base currencies does Questrade support?

Questrade accounts can be held in CAD, USD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

Accounts at brokers under the same regulator

More about Questrade