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How your bank’s fees are hurting your growth
Published: Oct 17, 2022
Updated: Mar 05, 2026
Wealth is built by choices—and where you invest is a big one.
It all adds up: each dollar you save, each investment you make, each fee you pay.
That’s why where you invest makes such a difference. You’re not just choosing if you prefer a red app or a green one, you’re deciding which vehicle will get you to your goals fastest—and when you look at how Questrade compares to the discount brokers of the Big 5 banks in Canada, the numbers speak for themselves.
Questrade | TD | RBC | BMO | CIBC | Scotiabank | |
Commission fees | $0 | $9.99 | $9.95 | $9.95 | $6.95 | $9.95 |
Annual account fees | None | Yes | Yes | Yes | Yes | Yes |
US Options contracts | As low as $0 per contract | $1.25 | $1.25 | $1.25 | $1.25 | $1.25 |
Fractional shares trading | Real-time, for free | $1.99/trade | Not available | Not available | Not available | Not available |
Trading hours (ET) | 4am - 2am | 8 am - 7 pm | 8 am - 5 pm | 8:15 am - 5 pm | 8:05 am - 6 pm | 8 am - 5:30 pm |
Each time you trade, your bank takes a cut
Fees aren’t just an inconvenient price of admission you pay to get into trading, they directly affect your outcomes, too.
Think of it this way: a $10 trading commission means that each and every trade you make has to earn you $10 just to break even. Anything less and your bank is making money, not you.
This makes frequent trading far less effective, hamstringing your ability to capitalize on an ever-shifting market. Not only that, but banks charge you just to open an account, further sapping your hard-earned money.
Again, it all adds up: you’re paying banks to let you use your money. Even if you don’t trade several times a day, this adds up fast. It’s similar to eating out for dinner—do it once a week and you may not notice the dent in your savings, pay for it regularly, though, and your account takes a big hit.
It doesn’t have to be that way, though. Questrade has zero commission trading and no annual account fees. Buy or sell, basic orders or advanced ones, can be done for free. That means each trade you make here is more valuable than if you made the same one at your bank.
Get a piece of the action.
Transfer now, trade easier.
News doesn’t sleep—and neither does your trading window with Questrade
Events that shape markets don’t care what time of day it is, especially in a globally connected economy where changes abroad create immediate shifts in North American exchanges.
Questrade now offers an extended trading day from 4 AM ET to 2 AM ET the following day. This expanded window allows you to react to global events, capitalize on early opportunities from Asian and European markets, manage risk proactively after hours, and trade with greater flexibility.
React to news better.
Transfer now, trade longer.
'Zero commission trades', '$0 commissions', '$0 trading', 'trade commission-free' and similar messages, refer to commission-free trading for trades placed online through Questrade, Inc.'s website or mobile apps for stocks and ETFs that are listed on a stock exchange in the United States or Canada. Other fees may still apply.
Questrade may close or modify fractional share positions in stocks or ETFs no longer eligible for fractional trading at any given time. Questrade Fractional Shares Disclosure Statement.
As low as $0/contract pricing applies to US Options only. Please see our options pricing for details on each tier. Other fees may still apply.









