Questrade fractional shares

You’re ready to start investing, and you want to invest your hard-earned dollars in a major company. The only problem is that blue-chip stocks are often priced at several hundred dollars or more.

Once upon a time, that would have put buying even a single stock beyond the reach of many investors. But that was before the widespread introduction of fractional shares.

You can buy fractional shares on Questrade and a few other brokers in Canada. Keep reading to find out how they work, how much they cost, and the pros and cons of Questrade fractional shares.

Does Questrade have fractional shares?

Yes, you can trade fractional shares on Questrade. This popular discount broker launched fractional shares to all its customers in April 2025. But it’s worth noting that fractional trading is currently only available on selected stocks and ETFs, not on all the securities you can trade with Questrade.

Currently, fractional trading is supported for hundreds of popular US stocks and ETFs. According to Questrade, this includes:

• All stocks in the S&P 500.
• All stocks in the NASDAQ 100.
• The top 100 ETFs by assets
• The top 50 American Depositary Receipts by volume.

However, you cannot trade fractional Canadian stocks and ETFs with Questrade, while over-the-counter (OTC) stocks are not supported either. Questrade has plans to add support for these in the future.

How to buy fractional shares on Questrade

If you’re ready to trade fractional shares on Questrade, here’s what you need to do.

Step 1: Sign up

If you don’t already have a Questrade account, you’ll have to create one. You can do so on the Questrade website or by downloading the Questrade app. You will need to provide your personal information, contact details, SIN and photo ID.

Step 2: Find the stock or ETF you want to purchase

Log in to your account and use the search bar to find the name or ticker symbol of the stock or ETF you want to purchase. If you’re not sure whether fractional trading is supported for a specific stock, this information is displayed on the quote page.

Step 3: Start your order

Click “Buy” and select a market order (limit orders are not available for fractional purchases). You can then enter the amount of CAD you want to spend or the fractional amount of stock you want to buy.

Step 4: Review and confirm

Review the details of your order carefully. If you’re happy to continue, complete the purchase.

Questrade fractional shares list

There are hundreds of US stocks and ETFs available for fractional share trading on Questrade, so there are too many to list here. Many of them are familiar names, including the so-called “Magnificent Seven” stocks and large ETFs as listed in the table below.

How much does it cost to buy fractional shares on Questrade?

$0. That’s right—it won’t cost you a cent in trading commissions to buy fractional shares on Questrade. This broker offers $0 commission trading on both full and fractional shares, so you don’t need to worry about brokerage fees eating into your investment balance.

Questrade also offers free USD accounts, so you can buy and sell fractional shares directly with USD and avoid currency conversion costs. However, if you need to convert CAD to USD or vice versa, a 1.5% currency conversion fee applies.

Wealthsimple is another brokerage that offers $0 commission trading of fractional shares as well as full shares. But while Wealthsimple also offers USD accounts, if you’re a Core customer with less than $100,000 in assets, your USD account will come with a $10 monthly fee.

How to choose which fractional shares to buy on Questrade

There are several simple steps you can take to help choose investments:

• Consider your goals and appetite for risk. What are your financial goals? Are you investing for the long-term or do you have a shorter time horizon? Do you want to invest in a single company, or would a broad market index ETF suit your needs better?
• Do your research. Use Questrade’s research and analysis tools to research any stock and ETF you’re considering buying. Check financial statements, past performance, dividend yield and more.
• Remember to diversify. Fractional shares make it easier to build a diversified portfolio. You can spread your money around across different companies and sectors, or use ETFs to gain exposure to a broad range of assets.
• Make sure fractional shares are available. Remember that not all stocks and ETFs on Questrade are available for fractional share trading. Check whether fractional shares are available for any asset you want to buy.

Pros and cons of buying fractional shares on Questrade

What are fractional shares?

A fractional share is a portion of one full share in a company. The main benefit of fractional shares is that they let you invest in a company even if you can’t afford to buy a full share.

Let’s say you have $50 to invest and you want to buy Apple (APPL) stock, but Apple shares are priced at $250. You can’t buy a full share, but fractional shares allow you to invest your $50 in Apple and own 20% of a share. This helps to make stock investing more accessible to a wider range of people.

Do any other brokers offer fractional shares in Canada?

Yes, there are a few other brokers that offer fractional shares.

Wealthsimple offers fractional shares of both Canadian and US stocks and ETFs. You can start trading with as little as $1, and there are no trading commissions to worry about.

Interactive Brokers offers fractional trading on over 10,000 US, Canadian and European stocks and ETFs. You can start investing with as little as US$1.

TD now also supports fractional trading through its Direct Investing and Easy Trade platforms. A flat fee of $1.99 applies per trade.

Compare Canadian trading platforms that offer fractional shares

9 of 9 results

Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Promoted 9.1 Excellent Qtrade Direct Investing	9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	$80 Reward Finder Rewards: Join Finder then open a new Qtrade Direct Investing account through Finder as a new Qtrade client and fund it with a deposit that settles by the end of the promotion to receive an $80 digital Visa gift card. Ends 30 Nov 2026. T&Cs apply. Earn up to $5,000 in cashback (+$100 quick-pay bonus) when you open and fund a new Qtrade account. Valid until January 5, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.6 Excellent Questrade	9.6 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.	Go to site View details Compare product selection Compare	loading
7.9 Great CIBC Investor's Edge	7.9 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA, Margin	$6.95	$0 if conditions are met, or $100	Young investors 18 to 24 get free online Canadian and US stock and ETF trades and a $0 annual fee using CIBC Investor’s Edge and a chequing account with CIBC Smart Start. T&Cs apply.	Go to site View details Compare product selection Compare	loading
8.6 Great Wealthsimple Investing	8.6 Great	Stocks, Options, ETFs, Cryptocurrency	RRSP, RESP, RRIF, TFSA, Personal, FHSA, Margin	$0	$0	Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
8.2 Great BMO InvestorLine Self-Directed	8.2 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Get up to $20,000 cash back. Plus, get a chance to win $300,000. Apply by March 1, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
6.2 Standard GoSmart by RBC Direct Investing	6.2 Standard	Stocks, ETFs	RRSP, TFSA, FHSA	$0 - $9.95	$0	Open your first GoSmart account and earn up to 7,500 Avion points when you invest. Valid until January 11, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.4 Excellent Interactive Brokers	9.4 Excellent	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint, Business, FHSA, Margin	Min $1.00, Max 0.5%	$0	Continue View details Compare product selection Compare	loading
8.6 Great Moomoo	8.6 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, Margin	$1.49/stock	$0	Continue View details Compare product selection Compare	loading
8 Great Webull	8 Great	Stocks, ETFs	RRSP, TFSA, Personal, Margin	$0	$10/year	Continue View details Compare product selection Compare	loading

loading

Load More

Showing 9 of 9 results

Compare other products

Looking for other options? Check out these similar products.

How we picked these

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

Read the full methodology

Bottom line

Fractional shares make it easy to begin your investing journey, even if you only have spare change. Questrade is one of a handful of Canadian brokerages that supports fractional shares, and it doesn’t charge any trading commissions. Check it out if you’re looking for a trading platform that will let you start investing with just a small amount of money.

Frequently asked questions about Questrade fractional shares

• Do all brokers support fractional shares?

  No, not all brokers support fractional shares. However, an increasing number of brokers do offer fractional share trading, so check with your trading platform to find out if this feature is available to you.

• How much money do I need to trade Questrade fractional shares?

  You can trade fractional shares on Questrade with just $1, so you don’t need to have a large investment balance to start trading.

• Can Questrade fractional shares be journaled?

  No. Share journaling is the process of moving shares in a dual-listed company between two different stock exchanges. However, this is currently not possible for dual-listed securities on Questrade.

• Do Questrade fractional shares pay dividends?

  Yes. If the ETF or stock you invest in pays dividends, as a fractional shareholder you will be entitled to receive a dividend proportional to the amount of the share you hold. So if you hold 50% of a share, you will receive 50% of the stock’s dividend payment.

• Which Questrade account types support fractional shares?

  All Questrade accounts allow you to buy and sell fractional shares. Just be aware that not all stocks and ETFs are currently available for fractional trading—log into your account and search for the stock or ETF you want to trade to find out whether fractional shares are available.

Written by

Tim Falk

Writer

Add to Preferred Sources

Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

Tim's expertise

Tim has written 596 Finder guides across topics including:

• Banking
• Personal Loans
• Car Loans
• Stock Trading
• Cryptocurrency