Questrade Referral FAQ
Every question about the Questrade referral program and code 7291157, answered and verified for 2026.
Quick Answer
The Questrade referral code for 2026 is 7291157.
New Questrade users who sign up with this code and deposit at least $250 within 60 days receive a $50 CAD bonus. The referrer also earns $50 CAD. Last verified: May 2026.
See full offer details →Bonus & Offer
What is the Questrade referral code?
The Questrade referral code for 2026 is 7291157. New customers who sign up using this code and fund their account with $250 or more within 60 days receive a $50 CAD bonus. The referrer also earns $50 CAD.
What's the minimum deposit to get the Questrade referral bonus?
You must deposit at least $250 CAD into your new Questrade account within 60 days of opening. The deposit must originate from an external financial institution — internal transfers from other Questrade accounts do not count toward the minimum.
How long does it take to receive the Questrade referral bonus?
The $50 CAD bonus is typically credited within 30 days after your qualifying deposit clears and Questrade verifies your account. Processing time may vary depending on how quickly your identity verification completes and your deposit settles.
Is the Questrade referral bonus taxable in Canada?
Generally yes. The CRA treats referral bonuses received from financial institutions as taxable income in the year received. Questrade may issue a T4A slip for the $50 amount. If the bonus is deposited into a registered account (TFSA or RRSP), the tax treatment may differ — consult a tax professional for advice specific to your situation.
Using the Code
How do I apply the Questrade referral code?
Click the referral link at WealthPerks — it opens Questrade's account-selection page with code 7291157 pre-filled. If you navigate to Questrade directly, enter 7291157 in the referral or invite code field during the signup process. The code must be applied before account creation is complete; it cannot be added retroactively.
Can existing Questrade customers use the referral code?
No. The referral program is exclusively for brand-new Questrade customers. If you have ever held any type of Questrade account — even if it was subsequently closed — you are not eligible for the referral bonus.
Can I use multiple referral codes at Questrade?
No. Questrade only accepts one referral code per new account application. You cannot stack multiple referral codes or combine a referral code with other promotional offers unless Questrade's current terms explicitly allow it. Always check Questrade's website for the most up-to-date promotion stacking policy.
Accounts & Rules
Does the Questrade referral code work for TFSA, RRSP, and margin accounts?
Yes. Referral code 7291157 is valid for all Questrade registered and non-registered account types, including TFSA, RRSP, FHSA, margin accounts, and cash accounts. The bonus is tied to the new customer, not a specific account type — you receive the bonus once regardless of how many accounts you open.
What happens if I withdraw my deposit before 6 months?
Questrade's referral terms require your account to remain funded for a minimum period (typically 180 days). If you withdraw your deposit before this hold period expires, Questrade may claw back the $50 bonus from your account. Review Questrade's current referral terms for the exact hold period at questrade.com/refer-a-friend.
Does Questrade charge commissions on ETFs?
Questrade charges $0 to buy ETFs but charges $4.95 to $9.95 to sell them (or to buy individual stocks). This makes Questrade cost-effective for passive ETF investors who buy and hold. By comparison, Wealthsimple charges $0 for both buying and selling ETFs and stocks.
Advertiser Disclosure: CanadaReferral may earn a commission when you use our referral links to open accounts. This does not affect our editorial independence or the bonus you receive — it is funded separately by the financial institution. We only feature programs we have researched and verified. Learn more about how we make money.
Related Resources
Written by Sarah Thornton — Canadian Self-Directed Investing Contributor
Content independently verified against current offer terms — Last verified May 1, 2026 · Next review August 2026
Advanced Questrade Referral Questions
Detailed answers for Canadians evaluating the Questrade referral offer — covering eligibility edge cases, account types, and realistic expectations.
Is Questrade better than Wealthsimple for long-term investing?
It depends on your investing style. Questrade is better for self-directed investors who want to choose their own ETFs and minimize trading commissions — ETF purchases are free. Wealthsimple is better for hands-off investors who want managed portfolios (Wealthsimple Invest) or a simpler interface. Both support TFSA, RRSP, and FHSA accounts.
What accounts at Questrade qualify for the referral bonus?
TFSA, RRSP, FHSA, cash, and margin accounts qualify. FX (foreign exchange) and CFD accounts do not qualify. If you are opening an account purely for the referral bonus, choose a TFSA or cash account — they have the least friction for new investors who are not yet sure what they want to do with the funds.
Do I need to invest the $250 or just deposit it?
You only need to deposit $250 — you do not need to purchase any securities to qualify for the referral bonus. The funds can sit as cash in your account. However, leaving funds uninvested is a missed opportunity; most Questrade users deposit specifically because they plan to buy ETFs.
Is Questrade CIPF protected?
Yes. Questrade is a member of the Canadian Investor Protection Fund (CIPF), which protects eligible client assets up to $1 million per account category in the event of Questrade's insolvency. This protects against firm failure — not investment losses. Questrade is regulated by CIRO (formerly IIROC).
Can I open a FHSA at Questrade with the referral bonus?
Yes. Questrade supports the First Home Savings Account (FHSA) and FHSA accounts qualify for the referral bonus. The FHSA allows eligible first-time home buyers to contribute up to $8,000/year ($40,000 lifetime) with tax-deductible contributions and tax-free withdrawals for qualifying home purchases — combining RRSP and TFSA benefits.
WealthPerks Take on Questrade
Questrade is a genuinely strong platform for cost-conscious Canadian investors — not just a bonus vehicle. Free ETF purchases, CIPF protection, and support for all major registered account types make it a credible long-term choice. The $50 referral bonus is a reasonable reward for opening an account that already makes financial sense for active investors.