Competitive pricing and offers
Competitive pricing and market-leading client service combine with independent research and tools to provide exceptional value for self-directed investors.
| Investor | |
|---|---|
| All investors | |
| Equities | $8.75 |
| Options* | $8.75 + $1.25 per contract |
| ETFs - Select | Free |
| ETFs - Others | $8.75 |
| Mutual funds | $8.75 |
| Fixed income and Exchange-traded debentures | $1 per $1,000 face value† |
| Investor Plus | |
|---|---|
| 150+ trades per quarter, and/or $500,000+ in assets per client ID. Learn more | |
| Equities | $6.95 |
| Options* | $6.95 + $1.25 per contract |
| ETFs - Select | Free |
| ETFs - Others | $6.95 |
| Mutual funds | $6.95 |
| Fixed income and Exchange-traded debentures | $1 per $1,000 face value† |
† $24.99 min / $250 max ↩
* For option assignment and exercise fees refer to the commission schedule below↩
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Exchange fees (ECN)
Electronic communication network (ECN) fees will not be passed on to our clients unless the fees result from repeated, high volume trades on the active side of the Canadian market. Our first course of action will always be to attempt to contact you to help you avoid trades resulting in excessive ECN fees.
Trading commissions are charged in the currency in which the security trades (for example, U.S. transactions are charged in U.S. dollars). Depending on the type of account held, currency conversions may apply and Qtrade may earn revenue on these transactions.
U.S. securities
When selling U.S. securities, a fee is charged consistent with the current assessed rate of the U.S. Securities and Exchange Commission.
Order size
Full commission and fee charges apply for each partial fill (except when transacted on the same business day) as well as for each side of spread and combination option orders. Multiple orders of the same stock on the same day are considered separate orders with separate commissions.
Mutual funds
A 1% fee (minimum $45) will be charged on the sale or switch of all mutual funds held for less than 90 days (applies to all funds except money market funds). Additional fees may also be charged by fund companies. All funds are subject to minimum purchase amounts as outlined in the fund's prospectus or $1,000, whichever is greater. Switch orders are only permitted within the same load type and family of funds.
Options assignments & exercises
For all options assignments and exercises, the Telephone trading (investment representative assisted) commission schedule applies
Telephone trading commissions (investment representative assisted)
For equity and option phone orders, the following schedule applies ($45 minimum):
| Stock price | Equity commission rate |
|---|---|
| $0.00 - $0.245 | 2% of principal |
| $0.25 - $1.00 | $30 + $0.005 / share |
| $1.01 - $2.00 | $30 + $0.02 / share |
| $2.01 - $5.00 | $30 + $0.03 / share |
| $5.01 - $10.00 | $30 + $0.04 / share |
| $10.01 - $20.00 | $30 + $0.05 / share |
| $20.01 plus | $30 + $0.06 / share |
| Option price | Option commission rate |
|---|---|
| $0.00 - $1.00 | $30 + $1.00 / contract |
| $1.01 - $2.00 | $30 + $1.50 / contract |
| $2.01 - $3.00 | $30 + $2.00 / contract |
| $3.01 - $4.00 | $30 + $2.50 / contract |
| $4.01 - $5.00 | $30 + $3.00 / contract |
| $5.01 plus | $30 + $3.50 / contract |
| — | — |
For fixed income and exchange-traded debenture phone orders, $45 will be added to the online commission.
Delivery against payment (DAP) accounts
For trades executed in delivery against payment (DAP) accounts, commissions will be increased by $10 per trade.