Receive 1 free trade a month for up to 24 months

Questrade is offering new clients one free stock or option trade a month for up to 24 consecutive months, when opening a new account.

There are three ways to take advantage of this offer:

Option 1: Open and fund a new account with a minimum of CAD $12,000 and receive one free trade per month for 12 months.
Option 2:Open and fund a new account with a minimum of CAD $20, 000 and get one free trade per month for 24 months.
Option 3: Open a new account. Fund with minimum of CAD $ 1000 per month for 24 consecutive months and receive one (1) free trade a month for 24 months.

How to qualify:
Submit an application for a new registered, margin or TFSA* account by 11:59 p.m. ET, August 30th, 2014. The account must be opened and funded with net new assets within 60 days of submitting the new account application and meet one of the three minimum funding requirements listed below:

Option 1: Fund with a minimum of CAD $12,000 to receive one (1) free stock or option trade for 12 consecutive months.
Option 2: Fund with a minimum of CAD $20,000 to receive one (1) free stock or option trade for 24 consecutive months.
Option 3: Deposit a minimum of CAD $ 1000 per month in the account for up to a maximum of 24 consecutive months and receive one (1) free trade a month for each month a deposit is made

General:

Clients must ensure the correct promotional code is pre-populated on the online account application form when submitting the new account application.The three promotion codes are:

ONETRADEMTH12- Fund with $12,000 and receive 1 free trade a month for 12 consecutive months
ONETRADEMTH24- Fund with $20,000 and receive 1 free trade a month for 24 consecutive months
ONETRADEMTH1000- Deposit a $1000 a month and receive 1 free trade a month for each month a deposit is made

Offer open to new and existing clients.
FX and CFD accounts are not eligible.
If a client is funding the account by transferring from another broker, the transfer must be initiated by 11:59 p.m. ET, August 30th, 2014 and must be completed within 60 days of initiation to qualify for the offer.
New accounts cannot be funded by using funds from another Questrade account. The assets deposited into the qualifying account must be net new assets.
Clients may take advantage of more than one of the three offers in this promotion, however, each offer will require a new account type activiation and be funded with net new assets. The offers can not be combined or used in conjuction.
This offer applies to equity trades and option tickets (excluding the cost of contracts), and does not apply to gold and silver trades, mutual fund trades, or foreign currency trades.
ETF buys and covers will not be counted as a free trade.
Client will not receive cash compensation for any unused free trade commissions.
Each free trade awarded will expire if a trade is not execute during the prescribed month. Trades can not be accumulated or rolled over to be used in future months.
The client’s account will be charged for the trading commission during the qualifying period. The trade commission rebated will be on the first trade executed each month. Clients can not specify which trade will be issued the rebate.
The trade commission rebate will be issued within the first week, one month after the trade has been executed. For example: if the client opens and funds the account on July 10th, the client will be elgible for their first “free trade a month” in August 2014. The trade rebate will be issued during the first week of September 2014, for the first trade executed in August 2014.
Trade commission rebates awarded will be up to a maximum of CAD $9.95 per trade on a monthly basis.
Account holders must maintain the following minimum account balance to be eligible for the corresponding offer:
- $12,000 for one free stock or option trade a month for 12 consecutive months
- $20,000 for one free stock or option trade a month for 24 consecutive months
If the client’s account balance is withdrawn below the minimum funding amount required at anytime during the eligible offer period, the client no longer will qualify for the offer, and Questrade will no longe rebate one trade a month. If the account balance falls below the minimum required asset amount due to market fluctuations, the client is still eligible for the offer and no charges will be applied.
Monthly deposit offer: If the monthly deposit is reduced to less than CAD $1000 or if one monthly deposit is missed during the 24 month period, the client will no longer be eligible for the offer.
A cumulative monthly net deposit of $1000 must be established for up to a maximum of 24 consecutive months.
If the account balance falls below the accumulative monthly net deposit, the account will be deemed ineligible for the offer.
Questrade reserves the right to debit the client’s account in the amount of trade rebates awarded, if the client becomes ineleigble for the offer during the offer period.
This offer has no cash redemption value.
Amounts quoted are in Canadian funds (CAD).
This offer, terms and conditions are subject to change without notice, including the promotion period.
This offer cannot be combined or used in conjunction with any other Questrade offer except free to transfer (see below).
This promotion is subject to all applicable federal, provincial, municipal laws and regulations and is not available to Questrade employees and members of their household or Questrade affiliated partners.

Free to transfer:
Questrade will pay your transfer-out fees up to CAD $150 when you move a minimum of CAD $25,000 to Questrade from another brokerage. Payment of the transfer-out fee is capped at CAD $150 and is limited to one account per client.

* TFSA account balances are subject to Government of Canada regulations stipulating maximum annual contribution levels. Please check your TFSA contribution room in order to determine whether or not you can deposit enough to receive free trades without penalties. Consult the CRA for more information on the rules governing TFSAs.