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Questrade require a minimum deposit of 1000 GBP/USD/EUR when opening an Questrade trading account. A minimum deposit is the minimum amount of money required by Questrade to open a new online brokerage account with them. Don't be scared off by brokers like Questrade charging a minimum deposit to open a trading account.

However, Questrade beats Qtrade on fees. Their standard trading fee of $4.95 is lower, and there is no limit on the number of free ETFs you can purchase. Of course, they also don’t charge any account fees. Mutual fund investors will appreciate Qtrade’s lower trading fee of $8.75 (vs. $9.95 at Questrade).

Questrade Review SummaryQuestrade’s commissions combined with their low account minimums make them an optimal discount brokerage for beginner investors.Overall, Questrade provides everything that one could ask for such as low account minimums, an easy to use platform, low commissions, in-depth research, secure accounts, and many other ancillary features.Its mobile app and browser based ...

EFTs are completely free, and may take up to 5 business days to process and arrive in your bank account. Please keep in mind that for EFT transfers, amounts over $50K CAD (or $25K USD) will be processed in multiple withdrawals.