Questrade does not charge annual account fees. However, some accounts may be subject to quarterly inactivity fees of $24.95 CAD.
You can easily avoid this fee if:
- You place one trade every quarter (January–March; April–June; July–September; October–December)
- You have total equity across all your accounts of $5000 CAD or more
- You are under 25 years old
- You are subscribed to a data package
You only need one of these four requirements to avoid inactivity fees. For example, if the total equity in your accounts is over $5,000 CAD, you will avoid the fee without having to place any trades.
Also, if you were charged an inactivity fee in the last quarter, you can have the fee rebated back to you by placing trades in the current quarter. As such, your commissions from trades will be rebated in cash up to $24.95. For example, if you didn't trade in the first quarter of the year (January–March) and were charged an inactivity fee, any commissions you pay for trades made in the second quarter (April–June) will be rebated up to $24.95 to compensate you for the inactivity fee that was charged for not trading in the first quarter.