Commission and Fee Schedule
Competitive pricing and market-leading client service combine with independent research and tools to provide exceptional value for self-directed investors.
Investment |
Pricing |
|---|---|
Equities |
$0 |
Options* |
$0 + $0.75 per contract |
ETFs |
$0 |
Mutual Funds |
$0 |
Fixed income and Exchange-traded debentures |
$1 per $1,000 face value† |
† $24.99 min / $250 max ↩
* For option assignment and exercise fees refer to the commission schedule below↩
Exchange fees (ECN)
Electronic communication network (ECN) fees will not be passed on to our clients unless the fees result from repeated, high volume trades on the active side of the Canadian market. Our first course of action will always be to attempt to contact you to help you avoid trades resulting in excessive ECN fees.
Currency
Trading commissions are charged in the currency in which the security trades (for example, U.S. transactions are charged in U.S. dollars). Depending on the type of account held, currency conversions may apply and Qtrade may earn revenue on these transactions.
U.S. securities
When selling U.S. securities, a fee is charged consistent with the current assessed rate of the U.S. Securities and Exchange Commission.
Order size
Full commission and fee charges apply for each partial fill (except when transacted on the same business day) as well as for each side of spread and combination option orders. Multiple orders of the same stock on the same day are considered separate orders with separate commissions.
Mutual funds
A 1% fee (minimum $45) will be charged on the sale or switch of all mutual funds held for less than 90 days (applies to all funds except money market funds). Additional fees may also be charged by fund companies. All funds are subject to minimum purchase amounts as outlined in the fund's prospectus or $1,000, whichever is greater. Switch orders are only permitted within the same load type and family of funds.
Options assignments & exercises
• Options assignments will be charged a flat commission of $30.
• Options exercises follow the telephone trading (investment representative assisted) commission schedule below.
Telephone trading commissions (investment representative assisted)
For equity and option phone orders, the following schedule applies ($45 minimum):
| Stock price | Equity commission rate |
|---|---|
| $0.00 - $0.245 | 2% of principal |
| $0.25 - $1.00 | $30 + $0.005 / share |
| $1.01 - $2.00 | $30 + $0.02 / share |
| $2.01 - $5.00 | $30 + $0.03 / share |
| $5.01 - $10.00 | $30 + $0.04 / share |
| $10.01 - $20.00 | $30 + $0.05 / share |
| $20.01 plus | $30 + $0.06 / share |
| Option price | Option commission rate |
|---|---|
| $0.00 - $1.00 | $30 + $1.00 / contract |
| $1.01 - $2.00 | $30 + $1.50 / contract |
| $2.01 - $3.00 | $30 + $2.00 / contract |
| $3.01 - $4.00 | $30 + $2.50 / contract |
| $4.01 - $5.00 | $30 + $3.00 / contract |
| $5.01 plus | $30 + $3.50 / contract |
| — | — |
For fixed income and exchange-traded debenture phone orders, $45 will be added to the online commission.
Delivery against payment (DAP) accounts
For trades executed in delivery against payment (DAP) accounts, commissions will be increased by $10 per trade.
Free for all accounts
- eStatements and eConfirmations
- Electronic funds transfer
- Dividend re-investment plans (DRIPs)
- LIF, RIF and LRIF scheduled payments
- Customer support
Fees
Account fees
Formal trust accounts
$100 setup + $50 / year after first year
Account closure
$100 (within first year only)
Account transfer out
$150
Documents
Registered accounts
U.S. dollar registered accounts — RSP, RIF, TFSA (excludes FHSA)
US $15 / quarter / account
LIF, RIF, LRIF additional payments 2
$50 (scheduled payments are free)
Partial de-registration (withdrawal)
$50 (excludes RESP, TFSA and FHSA, includes HBP and LLP)
Full de-registration (withdrawal)
$125 (includes TFSA, HBP and LLP, excludes FHSA)
Trading
Swap
$45 / security
Credit sell out
$20 (plus phone commission rate)
One-time sales
$50 (excluding commission)
Foreign depository (outside Canada and U.S.) settlements
US $100 / transaction
Administrative fees
Confirmation or statement replacement
$10
Dishonoured items
$40
Investigative account inquiries
$50 / hour (min. $50)
Estates
$250 min.
Safekeeping
$30 / certificate / month
Cheque requests
$10 / cheque, fee may apply
Certificate re-registration (includes GICs)
$50 / certificate
Physical certificate or direct registration system (DRS) (Canada) per deposit / withdrawal
$150
Physical certificate or DRS (Canada) per rush request 3
$300
Physical certificate or DRS (U.S.) per deposit / withdrawal 4
$300
Physical certificate or DRS (U.S.) per rush request 3
$450
American Depository Receipts (ADRs)
Approximately $0.01-$0.03 per share (pass through fees)
All fees are charged in the currency of the trading account (for example, U.S. account fees are charged in U.S. dollars).
The fee for paper account statements is charged per calendar quarter for each client ID that is not set up to receive eStatements for the full preceding calendar quarter. If applicable, the fee may be charged to either a registered or non-registered account within the client ID. The fee for paper trade confirmations is charged per executed trade (in the currency of the trade) to registered or non-registered accounts that are not set up to receive eConfirmations.
All payments arising from: (i) changes in LIF, RIF, LRIF and SRIF scheduled payments; and (ii) a LIF, RIF, LRIF or SRIF that are above the minimum amount payable, will be considered an "additional payment," unless such payments are requested by January 1 in a given year and assets are held with Qtrade by close of business December 31 of the previous year.
Rush requests are generally processed within 1-2 business days, however it may take longer in some cases. Not all DRS are available for rush requests.
U.S. Over-the-Counter (OTC) DRS or physical certificates are not eligible for deposit.
Cash and Margin Accounts
Interest charged on negative balances in all accounts
Margin account
CDN Prime rate: 4.45% (October 30, 2025)
USD Prime rate: 7.00% (October 30, 2025)
| Canadian Dollar Margin | U.S. Dollar Margin | |
|---|---|---|
| Tier | Rate | Rate |
| $0-$99,999 | Prime + 1.55% | Prime + 1.55% |
| $100,000+ | Prime + 1.0% | Prime + 1.0% |
Investor Plus
| Canadian Dollar Margin | U.S. Dollar Margin | |
|---|---|---|
| Tier | Rate | Rate |
| $0-$99,999 | Prime + 1.25% | Prime + 1.25% |
| $100,000+ | Prime + 0.75% | Prime + 0.75% |
Cash account
| Canadian Dollar Cash | U.S. Dollar Cash | |||
|---|---|---|---|---|
| Rate | Rate | |||
| All balances | 21% | 21% |
Registered account
| Canadian Dollar Cash | U.S. Dollar Cash | |||
|---|---|---|---|---|
| Rate | Rate | |||
| All balances | 21% | 21% |
Figures updated as of October 30, 2025
Note: Interest is calculated daily based on the closing debit and/or credit balance in your account and posted monthly on the 16th day of each month (or subsequent business day). Debit and credit interest rates are calculated separately and are subject to change without notice. Interest accrued will not be paid for amounts less than $10 per month and will not be charged for amounts less than $3.
Interest earned on positive balances in all accounts
All account types
| Canadian Dollar | U.S. Dollar | |
|---|---|---|
| Rate | Rate | |
| $0 - $2,000,000 | 0.00% | 0.00% |
| $2,000,001 + | 0.10% | 0.00% |
Figures updated as of April 1, 2020.
Note: Interest is calculated daily based on the closing debit and/or credit balance in your account and posted monthly on the 16th day of each month (or subsequent business day). Debit and credit interest rates are calculated separately and are subject to change without notice. Interest accrued will not be paid for amounts less than $10 per month and will not be charged for amounts less than $3.
Investor Plus is an enhanced service including special pricing usually reserved for high-balance and very active trading accounts. Investor Plus gives you:
- Equity, mutual fund and ETF trades at $0
- Options trades at $0 + $0.75 per contract
- No physical certificate or DRS deposit and withdrawal fees for US and Canadian securities*
- Dedicated phone number
- No fee for USD registered accounts
As a Qtrade client, you'll benefit from an award-winning suite of investing tools and resources, intuitive online and mobile trading capabilities, and outstanding customer support.
- Fast, easy account setup, funding and management
- Detailed insights into the performance of your portfolio
- USD accounts
- Margin and options trading
- New Issues service
- Independent research
Getting started with Investor Plus is easy. Our paperless online application and electronic funding options allow you get set up and start trading quickly.