ReferralBonus.ca
InvestingOctober 15, 20255 min read

Questrade Referral Code: How to Get $50 in Free Trades

Everything you need to know about the Questrade referral program — how it works, where to enter the code, and how to use your $50 bonus.

By ReferralBonus.ca

Questrade is one of Canada's most popular self-directed investing platforms, and for good reason. It offers commission-free ETF purchases, low trading fees, and access to stocks listed on Canadian and US exchanges. For new Canadians looking to start investing, the Questrade referral program sweetens the deal with $50 in free trades just for signing up.

How the Questrade Referral Program Works

The Questrade referral program is straightforward:

  • A new client signs up using an existing referral code
  • They open and fund their account with at least $250
  • Both the new client and the referring client each receive $50 in commission credits

The $50 is applied as trading credits, meaning each stock trade will deduct from your balance until the credits are used up. Since ETF purchases are already free at Questrade, the bonus is most valuable when buying individual stocks.

Where to Enter the Questrade Referral Code

The referral code must be entered during the account application process. Look for the field asking if you have a referral code — it typically appears near the end of the sign-up form.

Important: The code cannot be applied after your account has already been created. If you forget to enter it, you will need to contact Questrade support to see if it can be manually applied, though this is not guaranteed.

What Can You Invest in With Questrade?

Questrade gives you access to:

  • Stocks — Canadian and US-listed equities
  • ETFs — Free to purchase (selling incurs a small commission)
  • Options — For more advanced traders
  • FX — Currency conversion at competitive rates
  • CFDs and forex — Via Questrade's separate platforms

For most Canadians just getting started, a simple portfolio of broad-market ETFs purchased commission-free is the best starting point.

Account Types Available

Questrade supports all major Canadian registered accounts:

  • TFSA (Tax-Free Savings Account)
  • RRSP (Registered Retirement Savings Plan)
  • FHSA (First Home Savings Account)
  • RESP (Registered Education Savings Plan)
  • Margin and cash accounts

The TFSA is often the best starting point for most Canadians, as investment growth is completely tax-free.

Transferring Existing Investments

If you already have investments at another institution, Questrade makes it easy to transfer them over. For accounts over $25,000, Questrade will even reimburse transfer-out fees charged by your previous provider, up to $150.

Is Questrade Safe?

Yes. Questrade is a member of the Canadian Investor Protection Fund (CIPF), which protects eligible client accounts up to $1 million per account category in the event that a member firm becomes insolvent. Questrade has been operating in Canada since 1999 and is regulated by CIRO.

Verdict

If you are a Canadian looking to start investing with a low-cost, regulated platform, Questrade is one of the top choices. The $50 referral bonus is a nice way to get your first few trades covered while you find your footing.

Use our referral link to claim your $50 in free trades when you open a new Questrade account today.