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Questrade to charge minimum activity fee starting July 10

Questrade just made the following announcement via email:

Inactivity fee

As of July 10th, 2012, an inactivity fee of $9.95 per month is charged to clients with under $5,000 in combined equity for any month in which the client does not complete one commissionable trade. Clients are exempt from this fee if the account is open for less than 6 months.

This is a big shift from their historical position as the “no fee” discount brokerage.   To read more about the announcement you can click here.

If you’d like to check out who doesn’t charge a minimum fee you can click through our Canadian discount brokerage comparison section.

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