50 Free Trades Offer - Terms and Conditions
1. The Offer
Open and fund a new Qtrade Direct Investing account with at least $10,000 in net new assets and you may be eligible for up to 50 free trades (the “Offer”).
2. This Offer is subject to the following Terms and Conditions:
This Offer applies to accounts opened between Monday May 16, 2022, at 12:00 am ET and concludes on Wednesday August 31, 2022, at 11:59 pm ET.
Qualifying Account Criteria
The account application form associated with the account must have 50TRADESFREE (the “Offer Code”) applied to it and must be submitted during the Offer Period.
To qualify, the new account opened must be opened online using the Offer Code and can be any personal individual or joint account available online.
Delivery Against Payment (DAP) accounts are ineligible for this Offer.
New accounts must meet Qtrade Direct Investing’s opening requirements and related documentation requirements and be approved by Qtrade Direct Investing at its sole and absolute discretion.
The Offer is only applicable to a maximum of one (1) eligible account for each client. In the event that a client opens multiple eligible accounts, the Offer will only be applied to the first eligible account approved by Qtrade Direct Investing.
Qualifying Accounts must be in good standing throughout the Offer Period and remain in good standing until August 31, 2023. The Qualifying Account must not have encountered a debit position or margin call during the Offer Period.
Qualifying Transfer Criteria
A transfer-in of at least $10,000 in net new assets (net of withdrawals) must be submitted (“Qualifying Transfer”) by no later than August 31, 2022, in order to qualify as a Qualifying Transfer.
In order to qualify as a Qualifying Transfer, assets transferred in must not include any securities that are restricted, subject to a cease trade order or that are non-listed and without independent evidence of current value acceptable to Qtrade Direct Investing.
Qualifying Transfer funds may originate from an investment or banking account at any Canadian financial institution or broker, excluding Aviso Wealth Inc. or any of its subsidiaries.
Minimum of $10,000 must remain in your account until 11:59 pm ET on Monday July 31, 2023. Any withdrawals or transfers out that reduce your balance below $10,000 prior to this date may disqualify you from the Offer.
Qualifying Trade Criteria
Qualifying trades for the purposes of this Offer are limited to first 50 commissionable equity and ETF trades only (“Qualifying Trades”). Option trades are not included and do not qualify for this Offer.
Qualifying Trades must be from orders submitted and executed between the date of opening of the Qualifying Account and no later than 11:59 pm ET on July 31, 2023.
Qualifying Trades must be placed online via the Qtrade Direct Investing platform, or the Qtrade Direct Investing mobile app. Trades placed with an agent over the phone do not qualify.
The Offer is only available to new Qtrade Direct Investing clients.
You must apply the Offer Code on the new account application form.
The Qualifying Account must be opened during the Offer Period.
This Offer is non-transferable and will not be valid in conjunction with any other offer or promotion.
The Offer cannot be applied on previously or subsequently submitted account applications to Qtrade Direct Investing.
For spousal or joint accounts, only the primary account holder will be entitled to receive the Offer. This Offer is open only to the account holder and is not transferrable.
You must be a Canadian resident who is of the age of majority in your respective province or territory when submitting your new account application.
Commission will be applied to initial trades in the Qualifying Account. Qualifying Trades will be rebated on or about August 31, 2023.
The maximum value of this Offer is equivalent to $8.75 x 50 Trades.
The commission rebates will be credited to the Qualifying Account in which the Qualifying Trades occurred. You are solely liable for any tax consequences associated with the Offer, including any taxes owing for your account in connection with the Offer. Please consult with your tax advisor for any specific questions regarding your personal circumstances and accepting the Offer.
Clients who qualify for this Offer will not be eligible for any other offers or promotions from Qtrade Direct Investing until August 31, 2023.
All dollar amounts mentioned in relation to this Offer are in Canadian dollars unless otherwise specified.
The account subject to this Offer will be charged and rebated in the currency of the account (either CAD or USD).
The amount of any transfer-in fee charged by another Canadian broker or financial institution will be credited to your account in the currency (either CAD or USD) in which your transfer was made (up to a maximum of CAD/USD $150 per client when you transfer $15,000 or more), subject to Qtrade’s receipt of the documentation evidencing such transfer-in fee. This is part of the 50TRADESFREE Offer for new clients and does not constitute a combining of Qtrade Direct Investing offers.
Qtrade Direct Investing reserves the right, at its sole and absolute discretion, to modify, suspend, disqualify, limit or revoke this Offer to any person or account holder for any reason, including but not limited to manipulation or abuse of the process, fairness, integrity, or operation of the Offer.
You may opt out of the Offer at any time by notifying Qtrade Direct Investing at 1.877.787.2330 or email@example.com, in which case any credits made to your account pursuant to the Offer will be cancelled or reversed.