Qtrade Referral Code (May 2022): $25 Signup Bonus

February 14, 2022
Blog

Qtrade is an online broker operating since 2001, offering mutual funds, stocks, ETFs and bonds, and its flagship app Qtrade Investor makes it easy for experienced traders and beginners alike. It charges nominal commissions and trading fees on most assets, but there are no fees when buying mutual funds.

Qtrade has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link), you will receive a $25 sign-up and your referral code, and if you sign up before March 31, you will qualify to receive up to $5,000 cash. There’s no limit to how many people you can refer.

How To Use Your Qtrade Referral Code

Qtrade is currently offering a special welcome program for new users: if you sign up using the referral code YOREOYSTER by March 31, 2021, you will automatically qualify to receive up to $5,000 as a cash bonus on top of the regular $25 referral sign-up bonus. 

Keep in mind the special offer is only available for new accounts with balances over $5,000, and you have to maintain an average $5,000 balance from April to November 2022. Based on your balance:

  • Between $5,000-$14,000, you get a $100 bonus.
  • Between $15,000-$49,999, you get a $150 bonus.
  • For balances between $50,000-$99,999, you get a $250 bonus.
  • Between $100,000-$249,000, you get a $500 bonus.
  • Over $2,000,000, you get $5,000.

To use the promo code:

  • Visit Qtrade’s page. Click on the Get Started button.
  • Fill in some of your basic information.
  • Select an account type and answer questions about your financial background.
  • Fund your account and verify your identity. You can start trading immediately afterward.

What Is Qtrade?

Qtrade is a Canadian stockbroker and application founded in 2001 after the parent companies of Credential Securities Inc. and Qtrade Securities Inc. merged to form the bigger parent company, Aviso Wealth. While offering stocks, ETFs, bonds and mutual funds. Qtrade is mainly available in Canada and the US.

Qtrade Features

Some of Qtrade’s best features include:

  • Low fees for trading stocks and ETFs.
  • Low non-trading fees.
  • Select ETFs that you can trade for free.
  • No inactivity fees.

Qtrade Fees

The more you trade, the less you’ll have to pay in fees. When you sign up, you start in the Qtrade Investor tier, but if you trade over 150 stocks per quarter or have a balance of over $500,000 in your accounts, you’ll become a Qtrade Investor Plus, which gives you access to lower fees. For the full list of fees, here’s our full Qtrade review.

Mutual FundsFree
US Stocks$8.75 per tradeor$6.95 per trade if you trade over 150 stocks per quarter or have a balance of over $500,000.
Options$8.75 + $1.25 per contractor$6.95 + $1.25 per contract if you trade over 150 stocks per quarter or have a balance of over $500,000.
Inactivity FeesNo inactivity fees
Commissions$6.60 per $2,000 traded on US Stocks
Financing ratesRange from Prime + 0.3% (for CAD) to Prime + 1.25% (for USD)
Commission on US government treasury bonds$18.70 on $10,000 trade
Canada government bonds$1 per every $1,000 of the face value of a bond with a minimum fee of $24.99 and a maximum fee of $250

How To Sign Up With Qtrade

#1 Visit Qtrade‘s page. Click on the Get Started button. 

#2 Fill in some of your basic information, like name, email, and mobile number.

#3 Choose the type of account: cash, margin, TFSA, RRSP, or RESP.

#4 Answer some personal financial questions.

#5 You can start funding your account. If you don’t have a photo ID, you can verify your identity later.

#6 To start trading, you have to verify your identity.

Qtrade’s Referral Program

After creating your Qtrade account and funding your account you will receive your referral code. If your friends sign up before March 31 they will qualify to receive up to $5,000 cash. Once you receive your referral code, you can: 

  • Share your code via text, email, or to your social media audience.
  • Once a referee signs up both of you will receive a $25. 
  • There’s no limit to how many people you can invite. 

Is Qtrade Safe & Legit?

Regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Qtrade has been providing safe investment opportunities for the past 20 years because it is regulated by one of the world’s top regulatory authorities.

It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

Introducing Wealthsimple Trade: Canada’s #1 Online Broker

I recently broke down 8 of Canada’s most popular online brokers, and Wealthsimple Trade came out ahead of everyone else. It scored so well because it excels on what I believe are the three most important factors when choosing a broker: fees, investing tools, and security.

Here’s how Wealthsimple performs in each of those areas, and why I believe it’s the best broker in Canada.

#1 Lowest Fees In The Industry

There are no costs for purchasing or selling equities and ETFs. There’s a $0 charge when you open or shut your account, withdraw funds, receive electronic statements, or have inactive accounts. A $20 fee is charged if you want a paper account statement.

The only fee you will ever pay is a conversion fee + 1.50%, only if you trade with USD. Compared to other brokerages, it’s quite cheap, considering most are charging more than 2%.

#2 Research And Investing Tools

Wealthsimple offers a premium service that gives access to real-time market data, and you can deposit up to $1,000 instantly. There’s also a Wealthsimple Trade Premium service that costs $3 per month.

They’re planning on launching an improvement called Wealthsimple Trade Plus. The service will offer unlimited price alerts, access to USD accounts, and more, all of this for a monthly payment.

#3 Bank-Level Security

Wealthsimple Trade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). That membership means that there’s a protection against insolvency to a maximum of $1,000,000.

Conclusion

Qtrade is an online broker operating since 2001, offering mutual funds, stocks, ETFs and bonds, and its flagship app Qtrade Investor makes it easy for experienced traders and beginners alike. It charges nominal commissions and trading fees on most of its assets, but there are no fees when buying mutual funds.

Qtrade has a referral program in place to benefit its clients: by using the referral code YOREOYSTER (or the link), you will receive a $25 sign-up and your referral code, and if you sign up before March 31, you will qualify to receive up to $5,000 cash. There’s no limit to how many people you can refer.

Before You Go

Here are the best sign-up bonuses available right now. If you’re planning to sign up for any of these services, we recommend you take advantage of these bonuses:

Crypto Exchange Signup Bonuses:

Crypto Hardware Wallets:

Online Bank Referral Bonuses:

Online Broker Sign up Bonuses:

Robo Advisor Sign up Bonuses:

Other Everyday Bonuses:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5