Sunday, October 23, 2011

Questrade Commission-Free ETFs, Not Yet

I've heard a lot about a couple brokerages in Canada offering no-commission ETF trades on specific ETFs lately, so I thought I'd ask Questrade if they had any plans to release such a feature. I don't want to switch away from Questrade's low commission fees, since I buy stocks as well as ETFs, but I don't mind waiting.

Here was my question:

I noticed that two brokerages in Canada have now begun offering commission-free ETF trades for specific ETFs. Does Questrade have any plans to offer a similar service? If so, I would switch my RRSP account to Questrade in a heartbeat, provided the variety of ETFs is good.

Here was their reply:

"Unfortunately, we currently still charge commissions on ETFs. We may look into the no commission ETFs; however, no discussions have occurred yet. Please feel free to contact us if you have any additional questions."

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