Qtrade Promo Code 2022: Up to $2,000 Cashback + $50 Bonus

This post may contain affiliate links. Please read this disclosure for more info.

Looking for a great deal on online trading? Look no further than this Qtrade promo code! 

This Sign up promotion offers new Qtrade clients up to $2,000 in cashback when they sign up as a new client using the Qtrade promo code “CASHBONUS2023” or referral link.

Qtrade is one of the most popular online brokerages in Canada, offering a wide range of services and options for investors.

Like many other online brokerages, Qtrade offers new clients an attractive welcome bonus when they sign up using a Qtrade referral code. Learn everything you need to know to take advantage of the Qtrade promotion below.


About Qtrade

Qtrade is a leading online brokerage that offers a wide range of products and services for investors. The company is based in Vancouver, British Columbia, and was founded in 2000.

Since then, Qtrade has grown to become one of the largest independent online brokerages in Canada and consistently ranked as one of the best brokerages in the country.

Qtrade is owned by Aviso Wealth, a Canadian wealth management firm with more than $100 billion in assets under administration and management.


Qtrade Promotion and Offers

In addition to the cash back offer, Qtrade offers a number of promotions to new and existing clients. We’ll go over each one below.

Qtrade $2,000 Cashback Promotion

With Qtrade’s new cashback offer, the more you transfer the more you get. Use the promo code CASHBONUS2023 to open a Qtrade direct investing account and start transferring.

  • Open a new Qtrade account by March 1, 2023.
  • Transfer in at least $5000 by March 31, 2023.
  • Keep your account funded with at least $5,000 until September 30, 2023.
  • Receive your cash bonus in your account around October 31, 2023.

Are you a new Qtrade client?

Use the promo code CASHBONUS2023 to open a Qtrade direct investing account and receive a $50 bonus. Just follow these 3 steps:

  • Open a new Qtrade account by March 1, 2023.
  • Transfer at least $1,000 by March 1, 2023.
  • Get your sign-up bonus of $50 deposited into your account on April 30, 2023.

*Conditions apply

Qtrade 50 Free Trades – Expired

This Qtrade promotion is available to new Qtrade clients that open a new account and fund it with at least $10,000.

Below is the criteria to get Qtrade promo of 50 free trades ($500) when you sign up:

  • Open a new Qtrade account using the promo code “50TRADESFREE” by October 31, 2022
  • Fund the account or transfer in at least $10,000 by November 30, 2022
  • Maintain a balance of $10,000 or more till November 30, 2023
  • A fee rebate for up to 50 trades will be credited to your account on or about December 31, 2023.

In total, the offer is worth almost $500. Note that only one account is eligible for the promotion so if you open multiple accounts, only one will qualify for the Qtrade 50 free trades promo.

Also, Qtrade will cover your transfer fees if you move a minimum of $15,000 in new assets.

Qtrade $5,000 Cash BackEXPIRED

This offer expired on April 30, 2022 but it will be on or before December 31, 2022.

New and existing Qtrade clients will receive up to 5,000 cash back bonus upon funding a new account with a minimum of $5,000 using the offer code CASHBACK5000.

To qualify for the Qtrade $5,000 Cash Back bonus, clients were expected to meet the following conditions:

  • Open a new Qtrade account by April 30, 2022*
  • Deposit or transfer a minimum of $5,000 in new assets by May 31, 2022
  • Hold the assets in your Qtrade account till November 30, 2022
  • Enter any of these cash back offer codes: CASHBACK5000, CASHBONUS5000 OR CASHOFFER5000.

The cash bonus will be deposited to eligible Qtrade accounts on or before December 31, 2022.

The amount of cash back one could receive depends on the value of new assets they transfer or deposit to Qtrade. The table below shows how much one could expect to get through the Qtrade cash back promotion.

New Funds/AssetsCash Bonus
$5,000 – $14,999$100
$15,000 – $49,999$150
$50,000 – $99,999$250
$100,000 – $249,999$500
$250,000 – $499,999$700
$500,000 – $999,999$1,000
$1,000,000 – $1,999,999$2,000
$2,000,000+$5,000

What accounts are eligible for the Qtrade promo code?

Only new accounts are eligible for the Qtrade cash back offer. The eligible account types are:

  • RESP
  • TFSA
  • RRSP
  • RRIF
  • Spousal RRSP
  • U.S. RRSP, RRIF, Spousal RRSP & Spousal RRIF
  • Cash (Individual and Joint)
  • Margin (Individual and Joint)

Qtrade Young Investors Pricing Offer

This Qtrade offer is for investors aged 18 to 30. With this offer, eligible clients get

  • Lower trading commission on stocks: $7.75
  • No account minimums
  • Quarterly admin fees of $25 waived.

The offer is worth at least $100 in annual savings alone through the admin fees waiver.

You simply need to add at least $50 to your Qtrade account monthly through pre-authorized contributions (PAC) to qualify.

Qtrade Transfer Fee Rebate

Like many other brokerages, Qtrade will cover the fees you’re charged when you transfer new assets to their platform from other financial institutions.

However, you need to transfer at least $15,000 to Qtrade to be eligible and the transfer-in fee rebate is capped at $150 per transfer.

The fee reimbursement will be processed and deposited to your account within a few days after you submit documents to show the fee charged by the transferring institution.


Qtrade Pricing and Fees

Qtrade offers competitive pricing for the services they offer. The table below shows the trading commission for the different asset types for most investors:

Asset TypeTrade commission
Equities$8.75
Options$8.75 + $1.25 per contract
ETFsFree on 100+ select ETFs;
$8.75 for others
Mutual FundsFree

Commission-free ETF trading is available on a select list of 100+ Canadian-listed and US-listed ETFs. But a trading fee of $8.75 applies on all other ETF and stock trading.

Active investors with 150+ trades per quarter or those with $500,000+ in assets get Investor Plus pricing that cuts the commission on trades to $6.95.

Other administrative fees may also apply including a quarterly admin fee of $25, transfer-out fee of $150, US registered account fee of $15 per quarter (waived for Investor Plus) and so on. 

Luckily, the quarterly admin fee can be waived if you hold $25,000+ in assets, qualify for the Young Investor promotion, setup a monthly contribution of at least $100 or completed 2 or more commissionable trades in the previous calendar quarter.


Is the Qtrade Promo Worth It?

The Qtrade promo code is definitely worth it if you’re looking for a great deal on online trading in Canada. With free trades valued at almost $500 in a year, there are very few brokerages promotions that come close to Qtrade’s offer.

Qtrade is a reliable and well-established brokerage with a reputation for excellent customer service. If you’re new to online trading, Qtrade is a great place to start.


Is Qtrade Safe and Legit?

Yes, Qtrade is a safe and legit online brokerage that is backed by one of Canada’s largest independent wealth management companies.

Qtrade is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and has been in business for over 20 years.

Qtrade is also a member of the Canadian Investor Protection Fund (CIPF), which protects investors against losses if a member firm goes bankrupt.

So, you can rest assured that your money is in good hands with Qtrade.

Some FAQs

Is Qtrade the same as Questrade?

Qtrade is not the same as Questrade. Qtrade and Questrade are 2 of the most popular and best online brokerages in Canada, but they are two distinct companies.

Does Qtrade offer commission-free investing?

Yes, Qtrade offers commission-free buy and sell on 100+ ETFs and mutual funds. A commission of $8.75 applies to all other stocks, ETFs and options. Investor Plus clients get a lower commission of $6.95

What is the current best Qtrade promo code?

At the moment, the best Qtrade promo offer is the $50 sign up bonus plus up to $2,000 cashback for transferring your assets to Qtrade.

When does the Qtrade promotion end?

The current Qtrade cashback promotion is a limited time offer that runs till March 31 2023. If you’re looking to sign up with the brokerage, open your new account by that date and fund your account by March 1, 2023.

Can I apply the Qtrade promo code to multiple accounts?

No, the Qtrade cash back offer is limited to only one eligible account per client. If you open multiple accounts that are all eligible for the offer, the offer will be applied to the first one that is approved by Qtrade.

Does Qtrade have a referral program?

Yes, Qtrade offers a referral program that rewards you with $25 for referring your friends to the brokerage.


Qtrade Promo Code Final Thoughts

Whether you’re just starting out or you’re a seasoned pro looking to move your account over, Qtrade has something to offer everyone. 

So what are you waiting for? Sign up today and take advantage of this amazing promotion!

Related:

Qtrade Promo Code
4.8

Summary

New Qtrade clients can earn up to $2,000 in cash back depending on the amount they transfer in. Plus a $50 sign up bonus

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he's passionate about personal finance, investing and helping people take control of their financial life.

Leave a Comment