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Questrade
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Questrade is a Canadian online brokerage firm and wealth management firm. It is Canada's largest discount broker.[2]
Key Information
Products and services
[edit]The company was created by Edward Kholodenko and launched in 1999.[3] As of early 2020, the company was Canada's fastest growing online brokerage firm,[4] and has $30 billion under management, as of December 2024.[5] Questrade has expanded to include robo-advising with its Questwealth Portfolios, which invests in portfolios based on ETFs.[6] In December 2019, Questrade applied for a banking license signalling its intent to offer banking services.[7]
References
[edit]- ^ "Edward Kholodenko, Questrade Wealth Management Inc: Profile and Biography - Bloomberg Markets". Bloomberg.com.
- ^ Sridhar, Sagar (January 29, 2020). "Questrade Canadian Review (2020)". Personal Finance Freedom.
- ^ "Is Questrade the right investment solution for you?". MoneySense. March 5, 2020.
- ^ "Questrade named one of Canada's Best Managed Companies for ninth consecutive year". GlobeNewsWire. March 5, 2020.
- ^ "Who We Are - We're Investors Too". Questrade. 2021-02-05. Retrieved 2021-02-05.
- ^ "Questrade's new robo-advisor service showcases rock-bottom fees". MoneySense. November 3, 2018.
- ^ "Questrade applies for Canadian banking licence" – via The Globe and Mail.
External links
[edit]Questrade
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Questrade is a Canadian online discount brokerage and wealth management firm founded in 1999 by Edward Kholodenko and headquartered at the Questrade Centre in North York, Toronto, Ontario.[1][2] As Canada's largest independent online brokerage, unaffiliated with major banks, it serves hundreds of thousands of clients through digital platforms offering self-directed trading in stocks, ETFs, options, bonds, mutual funds, and forex, alongside managed investment portfolios via its Questwealth Portfolios service.[3][4] The firm manages over $50 billion in assets under administration and emphasizes low-cost investing, including zero-commission ETF purchases and competitive pricing for other trades, while providing tools like advanced trading platforms (Questrade Edge) and a mobile app (QuestMobile).[5][6]
Regulated as a member of the Canadian Investment Regulatory Organization (CIRO) and protected by the Canadian Investor Protection Fund (CIPF) up to $1 million per account, Questrade prioritizes client security, privacy, and accessibility for both novice and active investors.[5][7] In addition to its core brokerage services, the company has expanded into robo-advisory with Questwealth Portfolios, which features low management fees starting at 0.25% and decreasing to 0.20% for balances over $100,000, using diversified, expert-designed portfolios.[2] Questrade has earned recognition as a 14-time winner of the Canada's Best Managed Companies Platinum Club award and was ranked as MoneySense's top online broker in Canada for 2025.[3][6]
In November 2025, Questrade received federal approval from the Office of the Superintendent of Financial Institutions (OSFI) to launch Questbank, a digital banking service set to debut in 2026, marking its entry into full-service banking while maintaining its focus on innovative, cost-effective financial solutions for Canadians.[8]