Questwealth portfolios is the robo advisor service offered by Questrade, a large online broker in Canada. It offers you ETF-based portfolios in a variety of account types – ranging from personal, to registered, and even corporate. If you're looking for an investment account that does all the work for you, this is one of the best places to start.
While you only need $250 to open an account, note that you need at least $1,000 invested before funds start being traded in your account. They also have Socially Responsible Investment options, though these come with slightly higher MER fees. They also have monthly fees.
What you get with Questwealth
Check out the features of one of your cheapest robo advisor options.
Verified on September 12, 2025
Why You Want It
Get fees as low as 0.2% + $0 transfer-in fees with no minimum.
Special Features
- Some of the most competitive fees in the business
Provinces
ALL
Features
Types Of Accounts
- TFSA
- RRSP
- Spousal RRSP
- LIRA
- Locked-In RRSP
- RIF
- LIF
- RESP
- Family RESP
- Cash
- Joint Cash
- Corporate Cash
- FHSA
- Margin
Minimum Investment
$250
Minimum Balance For Minimum Fee
$100,000
Minimum Deposit To Cover Transfer Fee
$0
Socially Responsible Investing Options
Email Support
Live Chat Support
Phone Support
Average MER
0.195%
Minimum Fees
0.2%
Maximum Fees
0.25%
Cover Transfer Fees?
Maximum Covered Transfer Fee
$150
Promotion
1 month of free options contract pricing and market data
Promotion End Date
December 31, 2025
Our rating for Questwealth: 4.2 stars
Questwealth does well to offer you the full range of robo advisor features, including tax-loss harvesting, Socially Responsible Investing (SRI) options, and automatic rebalancing. It's one of the most laid back ways you can invest your money – with some of the lowest fees to boot.
But the fact that it comes with a minimum balance is a bit of a downer, since it limits people who want to test the waters before fully committing.
Rating methodology
To evaluate robo advisors, we analyze over 20 data points to generate a trustworthy Genius Rating. We consider all aspects of a robo advisor, including fees, investment options, minimum investment amount, access to support, perks, customer satisfaction, and promotions, to assess its overall value. Then, the robo advisor’s features are rated based on how they stack up against other available options.
Learn more about our rating methodology.
What's good about Questwealth
So what do Canadians love about Questwealth?
Pros
Some of the lowest fees in Canada
Questwealth's fees are 0.25% when your account is between $250 and $99,999. This goes down to 0.2% once you've passed that threshold. With most other robo advisors hanging around the 0.5% mark, this is impressive. Just keep in mind they also have MERs between 0.17% and 0.22% to worry about.
Covers transfer fees for any balance
No matter how much money you're moving between accounts, Questwealth will cover your transfer fees for up to $150 in fees. All you need to do is submit a statement from the other company stating the fees within 60 days. Usually robo advisors require a certain amount to be transferred before they cover the fees, so this is an extra point for Questwealth.
Reinvests dividends
Any dividends you receive within your Questwealth investment account will be reinvested automatically. That way, your entire account will be working towards your returns, not just your original investments.
What to watch out for with Questwealth
Despite its low fees, Questwealth still requires a minimum investment and has some extra charges.
Cons
$1,000 minimum investment
Though relatively low, you'll need $1,000 in your account before your money will start being invested. This could be an obstacle for people who are just getting started. Once you've deposited $1,000, your account balance can go as low as $250 while staying open.
Fees for wire withdrawals
If you're looking to withdraw your funds within 1 - 2 business days, you'll have to do a wire transfer. These transfers are $20 each for Canadian funds. This only gets more expensive if your wires aren't in Canadian – going up to US$30 for a USD wire and $40 for an international wire.
Best alternatives to Questwealth
Here's how Questwealth compares to other robo advisors on the Canadian market.
 |  |  |  | |
|---|---|---|---|---|
| Account | Questwealth | Wealthsimple managed investing | Justwealth | RBC InvestEase |
| Genius Rating | ||||
| Why You Want It | Get fees as low as 0.2% + $0 transfer-in fees with no minimum. | Get Apple Products with transfers in + Set-it-and-forget-it simplicity. | Low MER and account fees + Work with a personal portfolio manager. | Get a professional investment portfolio + Low $100 minimum investment. |
| Types Of Accounts |
|
|
|
|
| Minimum Investment | $250 | $0 | $5,000 | $100 |
| Minimum Balance For Minimum Fee | $100,000 | $10,000,000 | $500,000 | N/A |
| Minimum Deposit To Cover Transfer Fee | $0 | $25,000 | $25,000 | $15,000 |
| Socially Responsible Investing Options | | | | |
Show More | ||||
| Open an account See more Questrade products Compare | Open an account See more Wealthsimple products Compare | Open an account See more Justwealth products Compare | Learn More See more RBC products Compare |
Questwealth frequently asked questions
What is Questwealth?
Questwealth is a robo advisor offered by the Canadian investment company, Questrade. What this means is you put your money in an investment portfolio designed by professional portfolio managers. The result is a very laid back way of investing your money.
What are the Questwealth fees?
Questwealth fees are either 0.2% or 0.25%, depending on your account size. You also need to consider the MER, which is between 0.17% to 0.22%, depending on your portfolio.
How does Questwealth vs. Wealthsimple compare?
Questwealth and Wealthsimple are both popular robo advisors for Canadians. They both offer a laid back investment approach with a good reputation. While Questwealth has lower fees overall, Wealthsimple doesn't have a minimum investment.
Should I use Questwealth or Questrade?
If you want a more hands-off investing experience, Questwealth is the ideal option for you. If you want to manage your own portfolio, choosing every stock and ETF you buy, Questrade is the better option.
What accounts does Questwealth have?
Questwealth offers plenty of account types. They include the basics like TFSA and RRSP, plus the more specialized, like RIF, LIRA, and RESP. They also offer simple cash accounts, including some joint and corporate options. You can see the full list here.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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