Questrade Referral Code: Get $50 Cash When You Open an Account

Questrade has been a staple of Canadian self-directed investing for over two decades, and its $50 referral bonus is one of the more straightforward sign-up offers out there — no tiers, no fine print about specific account types beating each other out. Here's how to claim it and what to expect once you're in.

The Questrade Referral Code

Referral code: 645729798488332

Use the link below to have the code applied automatically, or enter it manually in the referral field during sign-up.

🎁 Claim your $50 Questrade bonus →

What You Earn and How to Trigger It

The offer is simple: open a new self-directed investing account with Questrade using the referral code, then fund it with at least $250. Once the deposit is confirmed, Questrade credits the $50 cash bonus to your account automatically — no separate claim form needed.

The $250 minimum can come from a bank transfer, a bill payment through your bank, or a transfer from another brokerage. Eligible account types include TFSA, RRSP, RESP, FHSA, and personal margin accounts. Questrade Wealth Management (the robo-advisor option) is not included in this offer, so make sure you're opening a self-directed account if you want the bonus.

Why Questrade Has Stuck Around Since 1999

Questrade has been operating since 1999, which makes it one of the longest-running independent brokerages in Canada — well before commission-free trading became the industry norm. That longevity matters: Questrade is regulated by the Canadian Investment Regulatory Organization (CIRO) and is a CIPF member, meaning eligible accounts are protected up to $1 million if the firm were ever to become insolvent.

Free ETF purchases are the headline feature. You pay zero commission to buy any ETF listed on a Canadian or US exchange — selling costs between $4.95 and $9.95. For anyone dollar-cost averaging into a portfolio of index ETFs, this alone can save a meaningful amount over the years.

Stock and options trading starts at $4.95 per trade (capped at $9.95), with options priced at $9.95 plus $1 per contract. Active traders executing 150 or more trades per quarter unlock reduced rates.

Multiple platforms are included at no extra cost: the standard Questrade Trading app for everyday use, Questrade Edge for a more advanced desktop experience, and IQ Edge for professional-grade charting, options chains, and Level 2 data.

Registered Accounts and US Dollar Holdings

Questrade supports the full range of registered accounts Canadians typically need — TFSA, RRSP, RESP, FHSA, RRIF, LIF, and LIRA — alongside personal, joint, and margin accounts for non-registered investing.

One detail worth knowing if you trade US stocks: Questrade lets you hold US dollars directly in your account. Without a USD account, every US trade gets converted at whatever rate applies at the time, which adds up if you're trading frequently. You can fund a USD account via wire transfer or convert CAD inside the platform.

Switching from Another Broker

If you're moving an existing TFSA or RRSP from another Canadian brokerage, Questrade will reimburse transfer-out fees up to $150 per account, provided you're moving at least $25,000. Combined with the $50 sign-up bonus, this makes consolidating accounts at Questrade close to cost-free for investors with a meaningful balance to move.

Is Questrade Worth It After the Bonus?

Questrade tends to suit two kinds of investors well: those who want free ETF purchases for a buy-and-hold portfolio, and those who want a genuinely advanced platform (IQ Edge) without paying extra for it. If you mostly buy ETFs and rarely sell, the fee structure works strongly in your favour.

If you'd rather not manage your own portfolio at all, Questrade's robo-advisor side (Questrade Wealth Management) is a separate product and isn't covered by this particular referral bonus — in that case, a fully managed platform might be a better starting point.

How Questrade Compares to Other Investing Bonuses

Wealthsimple pays $25 for a $100 deposit — lower bar to clear, but also a smaller payout
Moomoo pays up to $300 depending on deposit tier — higher ceiling, but requires a larger deposit to reach the top tiers
Webull pays $50 for $500 in executed trades — similar payout, different qualifying action

These aren't mutually exclusive. Since each platform's bonus depends on a different action (deposit amount vs. trading volume), it's possible to open accounts at more than one and collect multiple bonuses, provided you're comfortable managing a few different apps.