Are Questrade and Qtrade available outside of Canada?

Questrade is typically only available to Canadian residents, but the broker may make an exemption for Canadian expats residing in the US with active RRSP accounts. International residents can only open a margin account. To open a Qtrade account, you must be residing in Canada.

What are Questrade's eligibility requirements?

To open a Questrade account, you must be a Canadian resident, at least 18 years old and have a valid SIN, government-issued photo ID, email and phone number.

What are Qtrade's eligibility requirements?

To open a Qtrade account, you must be a Canadian resident, at least 18 years old and have a valid SIN, government-issued photo ID and details of your income, assets and net worth.

Can you use Questrade and Qtrade together?

Yes, you can open an account with both Questrade and Qtrade if you want to take advantage of each brokerage's unique tools, features, and research resources.

Will I have to pay taxes on any interest I collect?

It depends. If your holdings are in a registered account like a TFSA, RRSP or RESP, then you won't have to pay tax on any interest you earn. If not, you'll have to declare the interest you earn when you file your taxes.