Questrade does not charge annual account fees. However, some accounts may be subject to quarterly inactivity fees of $24.95 CAD.
It’s easy to keep your account active. Here are some of the ways in which you can do it:
- You place one trade in the quarter (January – March; April – June; July-September; October-December)
- You have total equity across all your accounts of $5000 CAD or more
- 25 years old, or younger
- You are subscribed to a data package
- You deposit $150 in the quarter
You only need one of these five 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.