Qtrade Promotion: Promo Code, Cash Bonus and Transfer Offer

If your current broker charges to transfer an account out, that fee comes off the top. Qtrade covers it up to $150 per client once you clear $15,000. Anything past the cap you absorb yourself.

Then there is the wait. The money is committed until Feb 5, 2028, and the payment follows on or around Mar 5, 2028.

The transfer-bonus calculator runs that subtraction against every offer we track, for whatever amount and exit fee you are actually dealing with.

The dates are fixed, not rolling. The hold ends Feb 5, 2028 and the cash back is paid on or around Mar 5, 2028 whether you applied on the first day of the offer or the last, so the later you apply the less time your money is committed.

Withdrawals during the hold are what cost you. Qtrade measures qualifying funds net of what you take out across your Direct Investing accounts, and the account has to stay in good standing through to payout. Market movement does not have the same effect.

The exit-fee reimbursement is a separate errand from the bonus, and an easy one to forget. Qtrade wants the statement from your old broker showing the charge, sent in with your account number. Nothing prompts you, and unclaimed means unpaid.

Qtrade cycles through campaigns and tends to leave the old terms pages up long after they close, which is why searching for a code turns up so many of them. A code can be perfectly genuine and still be useless to you, either because its campaign ended or because it was aimed at a group you are not in.

Deadlines go stale faster than anything else on those pages. When Qtrade extends an offer, third-party write-ups often keep quoting the original dates for weeks. Check them against Qtrade's own terms rather than against whichever roundup you landed on.

Two rules have held across Qtrade's recent campaigns. You get one offer per client, and the code goes on the application form at the moment you submit it. A new campaign can set either differently, so read the terms of the one you are applying for.

Only the headline number gets advertised, and it is the least useful of the three. Subtract the exit fee your old broker charges that the new one will not cover, then spread what remains across the months you are locked in. A percentage match and a flat tiered bonus can look nothing like each other until you have done that, which is why the ranking on our offers page is built on net annualised value rather than on the advertised amount.

Worth remembering that the bonus is the smaller question. A platform charging you more every year overtakes a one-time payment soon enough. The transfer-bonus calculator handles the first half with your real numbers, the brokerage comparison hub covers the second, and if you expect to hold US-listed positions at Qtrade, the currency costs are worked through in the Norbert's gambit guide for Qtrade.

Qtrade dropped commissions on Canadian and US stocks and ETFs and scrapped its quarterly account fee in the same announcement, which took away the two things that used to keep it off most shortlists. What remains to weigh is currency conversion, where Norbert's gambit costs nothing but a USD registered account carries a quarterly charge that Investor Plus clients have waived, alongside a solid, functional app and a strong desktop platform. All of it is worked through in our Qtrade review.