Toronto-based online brokerage Questrade Inc. Monday rolled out 95¢ stock trades, the lowest commissions in Canada.
The 95¢ commission is available to any client who is registered in the Questrade Advantage, a program that also provides $6.95 option trades and a subscription to Intraday Trader, a personal technical analysis tool.
“Today’s announcement — the 95¢ stock trade — proves our commitment to transforming brokerage services,” said Edward Kholodenko, president and CEO of Questrade.
95¢ stock trades, available through the Questrade Advantage, are available to every client. There are no minimum account balances or number of trades per month to qualify.
When a client registers for an advanced Canadian or U.S. market data plan, the client would be automatically enrolled in the Advantage and get a choice of two commissions: 1¢ per share, minimum 95¢ / maximum $6.95; or $4.95 flat.
All options trades are $6.95 with 75¢ per contract, and every trade accumulates towards data plan rebates.
Questrade is a member firm of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund.