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Questrade review

Founded 1999HQ Toronto (North York), Ontario, CanadaPlatforms Web, Desktop, Mobile

Connect Questrade

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Direct integration. QuantWheel reads your positions and trades at Questrade and gives you personalized suggestions.

Fee per contract
US$0 per contract
to open a contract
Exercise and assignment
Exercise $24.95, assignment $0
per event
Approval
Naked
up to naked short options
Margin rate
Not published
on a $50,000 balance
Countries
Canadian residents; most US residents cannot open; most others margin accounts only
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures (Not published)
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading, not offered
  • 24/7 support, not offered

PlatformsWeb, Desktop, Mobile

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0
Ten-lot iron condor40 contracts
$0
Twenty covered calls20 contracts
$0
One turn of the wheelput assigned, call exercised, 2 contracts
Not published

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Questrade costs for the way you trade

A year of fees from Questrade's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Questrade standard price$0.01 a trade, under 0.1% of your premium
$0.98 a year
Among 5 brokers open to residents of CanadaLowest is Wealthsimple at $0.00 a year, plus small regulatory fees it does not publish
2nd

Not counted because Questrade does not publish them: clearing fee, options regulatory fee, FINRA trading activity fee.

Compare every broker for this pattern

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Direct integration. QuantWheel reads your positions and trades at Questrade and gives you personalized suggestions.

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Fees explained

What each line of the fee schedule means for an options order

Questrade

US$0 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $0 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

Not published Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at Questrade

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Questrade

Yes, it is Sync-only. QuantWheel syncs the account's positions and trades and suggests trades and rolls. Connect Questrade

US$0 per contract, and Exercise $24.95, assignment $0 per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

Canadian residents; most US residents cannot open; most others margin accounts only, according to Questrade's own pages. Check with Questrade before you open an account. Brokers by country

Facts from Questrade's own fee schedule and options agreement, checked 8 October 2026.