Smaller price, bigger value

Our low commissions help you manage your trading costs, and keep more of your dollars invested.

Competitive pricing and market-leading client service combine with independent research and tools to provide exceptional value for self-directed investors.

Investor
All investors
Equities $8.75
Options $8.75 + $1.25 per contract
ETFs
on our select list →
all other ETFs

Free
$8.75
Mutual funds Free
Fixed income and Exchange-traded debentures
$1 per $1,000 face value
 
Investor Plus
150+ trades per quarter, and/or $500,000+ in assets per client ID. Learn more →
Equities $6.95
Options $6.95 + $1.25 per contract
ETFs
on our select list →
all other ETFs

Free
$6.95
Mutual funds Free
Fixed income and Exchange-traded debentures
$1 per $1,000 face value
 

$24.99 min / $250 max

 

Young investor pricing

See offers →

Other trading charges and costs

Margin account interest rates

As with all loans, interest is applied to any amount borrowed via margin accounts. The amount of interest charged depends on your account type and balance, and must be paid in full to discharge the loan. Our rates are as follows:

Investor 

  Canadian Dollar Margin       U.S. Dollar Margin  
Tier Rate Interest rate*               Rate Interest rate*
$0-$99,999            Prime + 1.55% 5.25%     Prime + 1.25% 6.50%
$100,000+ Prime + 1.50% 5.20%            Prime + 1.20% 6.45%


Investor Plus

  Canadian Dollar Margin     U.S. Dollar Margin    
Tier Rate Interest rate*   Rate   Interest rate*
$0-$9,999 Prime + 1.30% 5.00%   Prime + 1.25%   6.50%
$10,000-$99,999 Prime + 1.05% 4.75%            Prime + 1.00%   6.25%
$100,000+ Prime + 0.30% 4.00%                 Prime + 0.50%   5.75%


*As of September 28, 2018

 

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.

Telephone trading commissions (investment representative assisted)

For equity and option phone orders, as well as all option assignments and exercises, 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.