Global Broker Regulation Inquiry App
WikiFX
Yousef47
1-2 years

Does Questrade charge any fees when you deposit or withdraw funds from your account?

Broker Issues
Questrade
Withdrawal
Deposit
01-21
United States
WikiFX
Reply

In my experience trading with Questrade, one aspect that initially stood out to me was their policy regarding deposit and withdrawal fees. When I first considered funding my account, I paid close attention to every possible charge, since fees can quietly erode gains over time. Questrade does not impose any fees for deposits or withdrawals on their end, whether using popular options like Visa Debit, Interac e-Transfer, bank transfer, or electronic funds transfer. This means that whenever I moved money into or out of my account, Questrade itself didn't add extra costs to those transactions, which I appreciated as it allowed me to better predict my trading expenses. However, I’ve learned to be careful with assumptions—while Questrade doesn’t add their own deposit or withdrawal fees, this does not guarantee a transaction will always be free from costs. In certain cases, depending on the withdrawal method or your bank’s own policies (for example, with wire transfers), additional third-party fees can be triggered. This is a common industry standard, but worth verifying with your specific bank. Ultimately, having no broker-imposed deposit or withdrawal fees has simplified my money management as a trader, but I remain mindful of potential outside charges and always review the fine print before initiating a transfer.

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com