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 rarer CFDs and Forex trading.
Questrade has an attractive referral program: by using the code: YOREOYSTER, 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.
Alternatively, if you’re looking for the best way to invest in crypto in Canada, I recommend Kraken, my #1-ranked cryptocurrency exchange. Kraken has over 10 million satisfied users, offers the lowest trading fees in Canada by a mile, and is offering a $10 signup bonus (no referral code required) from now until July 7, 2025.
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 hundreds of dollars 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 on Questrade. This allows you to invest in both long-term assets and short-term positions of several kinds, making it a good option for both investors and day traders alike. The company also offers Contracts for differences (CFDs) and forex, but you’ll need to use a separate platform 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 website. 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:
| Deposit | Bonus |
| $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.
In Summary
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 you and your referee will receive a $50 signup 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.
