Questrade Referral Code (May 2022): $50 Signup Bonus

February 7, 2022
Blog

Questrade is a Canadian brokerage platform, available for Canadian residents only. No matter if you are an experienced trader or just a beginner, Questrade is an excellent way for Canadians to start trading and investing; it provides easy access to stocks, bonds, ETFs, and mutual funds, as well as the more rare CFDs and Forex trading.

Questrade has an attractive referral program: by using the code: YOREOYSTER (or the link) you and your referee will receive a $50 sign-up bonus, a lifetime subscription to Passiv Elite when using Questrade, and a $150 fee rebate if you’re moving from another online brokerage platform. After you sign-up you will also receive your own referral code.

How To Use Questrade’s Referral Code 

Questrade has a referral program in place for new Questrade clients. By using the promo code YOREOYSTER you can enjoy up to $300 in bonuses, including

  • $50 bonus upon account creation.
  • $99 Free Unlimited Passiv Elite membership.
  • $150 transfer fee rebate, if you’re moving in from another online brokerage.

To use the promo code:

  • Visit Questrade’s page. Click on the Open An Account button.
  • Select the type of account (important: this is where you use the referral code/offer code: YOREOYSTER. You CAN NOT use the code after you create your account – you will miss out on the benefits).
  • Complete the signing-up process and fund your account – the minimum is $1,000.
  • After you’ve funded the minimum amount of $1,000, your account will be created and you will receive the benefits. You will also receive your own referral code, which you can share with your friends. You can find your referral code (Qpass) in the Refer a friend menu.

(We outline the whole referral process step-by-step in the How To Sign Up For Questrade section.)

What Is Questrade?

Questrade is a Toronto-based online brokerage and wealth management business that’s also Canada’s largest discount broker. To create a Questrade account, you need to have a Canadian address, as Questrade will not accept regular trading accounts (non-registered accounts) from non-Canadian users even if they are indeed Canadian citizens.

Stocks, options, bonds, exchange-traded funds (ETFs), and mutual funds are all available to trade on Questrade. Contracts for differences (CFDs) and forex trading are also offered, but you’ll need to use a separate platform in order to trade those. Here’s our full Questrade review.

Questrade Fees

  • Stocks: from $4.95 to $9.95 per trade.
  • ETFs: from $4.95 to $9.95 per trade.
  • Options: $9.95 + $1.00 per contract.
  • Mutual funds: $9.95 per trade.

How To Sign Up With Questrade

#1 Visit Questrade’s page. Click on the Open An Account button.

#2 Select the type of account you’d like to create (important: you have to use the referral code/ offer code YOREOYSTER in this step. You will not be able to use it after you create your account).

#3 Create your user ID.

#4 Answer a couple of short questions about your account, like if you are interested in trading options contracts and the purpose of this account (investing, savings, etc).

#5 Finally you will need to submit some documentation. Keep in mind that Questrade is only available for resident Canadian citizens.

#6 The last step is to fund your account. The minimum deposit before you can start trading is $1,000, and if you used our referral code you will receive an additional $50.

Questwealth’s Referral Program

After funding your Questrade account, you can start inviting family, friends, or your social media audience. For every person that opens an account, you get $25, and after every third successful referral, you get an additional $50. Your referees also receive a bonus based on how much they deposit in their first three months:

DepositBonus
$1,000$25
$10,000$50
$25,000$75
$50,000$100
$100,000$250

Is Questrade Safe & Legit?

Yes. Questrade is a member of Canada’s Investment Industry Regulatory Organization (IIROC) and the Canadian Investor Protection Fund (CIPF). Your investment in Questrade is insured up to $10 million per account.

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

Questrade is a Canadian brokerage platform, available for Canadian residents only. No matter if you are an experienced trader or just a beginner, Questrade is an excellent way for Canadians to start trading and investing; it provides easy access to stocks, bonds, ETFs, and mutual funds, as well as the more rare CFDs and Forex trading.

Questrade has an attractive referral program: by using the code: YOREOYSTER (or the link) you and your referee will receive a $50 sign-up bonus, a lifetime subscription to Passiv Elite when using Questrade, and a $150 fee rebate if you’re moving from another online brokerage platform. After you sign-up you will also receive your own referral code.

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:

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