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Learning, Sharing, and Teaching => Investor Alley => Topic started by: max9505672 on February 23, 2017, 10:39:38 AM

Title: Questrade buy commission?
Post by: max9505672 on February 23, 2017, 10:39:38 AM

Hey guys,

I am beginning to trade ETF's on Questrade and been previously told there were no fees to buy ETF's, only when you'd sell, but seems like there's a commission to pay (0.0035$ CAD / share). Is this normal? I am doing something wrong?
 
Thanks

Title: Re: Questrade buy commission?
Post by: RichMoose on February 23, 2017, 11:27:21 AM

It's not commission, they're mandatory exchange fees and OSC fees. Everyone has to pay those and normally they would be charged in addition to brokerage commissions as well.

Title: Re: Questrade buy commission?
Post by: max9505672 on February 25, 2017, 02:22:38 PM

Quote from: Mr. Rich Moose on February 23, 2017, 11:27:21 AM

It's not commission, they're mandatory exchange fees and OSC fees. Everyone has to pay those and normally they would be charged in addition to brokerage commissions as well.

Yes, I contacted Questrade on that matter and they are effectively ECN fees. I can live with 0.0035$/share fee.

For more info : http://www.questrade.com/pricing/self-directed-investing/fees-and-rates/exchange-ecn-fees