Qtrade Direct Investing Prime + 0% Margin Rate Offer

Terms and conditions

Offer summary

If you received an invitation, eligible active margin accounts associated with your Qtrade Client ID will receive a promotional interest rate equal to the applicable Canadian or U.S. Prime Rate + 0% on eligible margin debit balances from August 15 to October 15, 2026.

The promotional rate applies to eligible debit balances already outstanding at the beginning of the offer period and new eligible borrowing during the offer period. Prime rates are variable and may change. After the offer ends, any remaining debit balance will be charged Qtrade’s applicable standard margin interest rate.

No action is required to receive the promotional rate.

1. The offer

Eligible Qtrade Direct Investing clients may receive a promotional margin interest rate equal to the applicable Canadian or U.S. Prime Rate plus 0% per year on eligible margin debit balances during the Offer Period, subject to these terms and conditions.

This promotional rate is referred to in these terms as the “Promotional Rate.”

2. Offer period

The offer begins at 12:01 a.m. Eastern Time on August 15, 2026, and ends at 11:59 p.m. Eastern Time on October 15, 2026 (the “Offer Period”).

The Promotional Rate applies only to eligible margin interest that accrues during the Offer Period. It does not apply to interest accrued before the Offer Period begins or after the Offer Period ends.

3. Eligibility

To qualify for this offer, a client must:

• have received an invitation for the offer directly from Qtrade Direct Investing;
• have one or more active and approved Qtrade margin accounts associated with the Client ID identified by Qtrade;
• remain a Qtrade Direct Investing client throughout the Offer Period; and
• keep their eligible accounts in good standing and comply with all applicable Qtrade agreements, policies and margin requirements.

The offer is personal to the invited client and cannot be transferred, assigned or shared. Receiving or forwarding an offer communication does not make another person, Client ID or account eligible.

Qtrade will determine eligibility based on its records. The offer applies only to eligible margin accounts associated with the Client ID identified by Qtrade. Accounts associated with another Client ID are not eligible unless Qtrade confirms otherwise.

4. Eligible accounts and balances

The Promotional Rate applies to eligible Canadian-dollar and U.S.-dollar debit balances borrowed through active Qtrade margin accounts covered by the offer.

Unless Qtrade confirms otherwise, the offer does not apply to:

• cash accounts;
• registered accounts;
• accounts that are not approved for margin;
• delivery Against Payment accounts;
• debit balances in an ineligible, suspended or restricted account;
• fees, charges or other amounts subject to a different rate under an applicable account agreement; or
• balances held with another financial institution or investment dealer.

The Promotional Rate applies only to amounts borrowed in eligible Qtrade margin accounts. The offer does not provide a cash payment, rebate or account credit and has no cash value.

5. Promotional Rate

During the Offer Period, eligible margin debit balances will be charged interest at the following Promotional Rate:

• Canadian-dollar debit balances: Qtrade’s applicable Canadian Prime Rate + 0% per year.
• U.S.-dollar debit balances: Qtrade’s applicable U.S. Prime Rate + 0% per year.

Adding 0% to the applicable Prime Rate means that no additional percentage-point spread is added to that Prime Rate during the Offer Period. It does not mean that the interest rate is 0%.

The Canadian and U.S. Prime Rates are variable and may increase or decrease during the Offer Period. If an applicable Prime Rate changes, the Promotional Rate for debit balances in that currency will change by the same amount.

Interest will be calculated daily and charged in accordance with Qtrade’s normal interest calculation and posting practices and the agreements governing the client’s account.

6. Existing and new margin debit balances

The Promotional Rate applies to both:

• eligible margin debit balances outstanding at the beginning of the Offer Period; and
• new eligible margin debit balances arising during the Offer Period.

Only interest accruing on an eligible debit balance during the Offer Period qualifies for the Promotional Rate.

There is no requirement to borrow funds, make a trade or maintain a minimum debit balance to remain eligible for the offer.

Canadian-dollar and U.S.-dollar debit balances will be treated separately and charged the Promotional Rate applicable to the currency of the balance.

7. When the Promotional Rate ends

The Promotional Rate ends automatically when the Offer Period expires or when the client or account ceases to be eligible, whichever occurs first.

Beginning on October 16, 2026, any remaining debit balance will be subject to the standard Qtrade margin interest rate applicable to the account and currency at that time, without further notice.

The standard margin interest rate may vary based on factors including the currency and amount of the debit balance and the pricing tier applicable to the client’s account.

8. Margin requirements and risks continue to apply

This offer changes only the interest rate charged on eligible margin debit balances during the Offer Period. It does not change:

• the client’s margin agreement;
• Qtrade’s margin eligibility requirements;
• the amount the client may borrow;
• the margin requirement or loan value assigned to a security;
• applicable concentration or risk limits;
• Qtrade’s right to change margin requirements;
• the client’s responsibility to meet a margin call or correct a margin deficiency; or
• Qtrade’s rights regarding the sale or liquidation of securities in the account.

Borrowing to invest involves risk. Using borrowed funds can increase investment losses. The client remains responsible for repaying all amounts borrowed and paying applicable interest. Assets in the account may be sold if margin requirements are not met.

Participation in the offer is not a recommendation to borrow, use margin, buy or sell a security, or follow any particular investment strategy.

9. Account status and disqualification

Qtrade may revoke the Promotional Rate or determine that a client or account is no longer eligible if:

• the account is closed, suspended, restricted or no longer approved for margin;
• the account is not in good standing;
• the client does not comply with an applicable account agreement, policy or margin requirement;
• the offer was provided or applied in error;
• the client attempts to transfer, misuse, manipulate or abuse the offer;
• Qtrade reasonably suspects fraud, misrepresentation or activity intended to circumvent these terms; or
• Qtrade is required to do so by law, regulation, a regulator or another authority.

If the Promotional Rate is removed before the Offer Period ends, Qtrade’s applicable standard margin interest rate will apply from the effective date determined by Qtrade, subject to applicable law.

10. Other offers

Unless Qtrade confirms otherwise in writing, this offer cannot be combined with another promotional margin interest rate or another offer that reduces the interest rate charged on the same margin debit balance.

If a client qualifies for more than one margin-rate offer, Qtrade may apply the offer it determines is applicable to the account. Promotional rates cannot be combined or added together.

11. Applicable account agreements

All agreements, disclosures, policies, margin requirements and other terms applicable to the client’s Qtrade accounts remain in effect and are not otherwise changed by this offer.

If there is an inconsistency between these terms and a statement about the offer in an email, advertisement or other promotional material, these terms and conditions will govern with respect to the offer.

If there is a conflict between these terms and an applicable account agreement on a matter unrelated to the Promotional Rate, the applicable account agreement will govern.

12. General

The offer is available only in Canada to eligible Qtrade Direct Investing clients who receive an invitation.

The offer is void where prohibited by law. You are solely responsible for any tax consequences arising from or in connection with this offer.

The terms and conditions of this offer, including its overall availability, are at the sole and absolute discretion of Qtrade Direct Investing and are subject to change at any time without prior notice.

Effective date of these terms: August 15, 2026