Qtrade Direct Investing Logo

Qtrade Direct Investing app Review 2024

Your expert
Oskar G.
Fact checked by
Adam N.
Updated
Jul 2024
Personally tested
Data-driven
Independent

Qtrade Direct Investing app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether Qtrade Direct Investing's mobile app ticks all the boxes.

Overall, we rate the user-friendliness of the app as OK, but nothing to get excited about.

Qtrade Direct Investing mobile app vs. similar brokers
Mobile app rating (5 is the best)
3.3 stars 1.2 stars 4.8 stars
User-friendliness
Mid-range Poor Great
2-step authentication
Yes No Yes
Biometric authentication
Yes Yes Yes

Visit broker

We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Qtrade Direct Investing review.

Qtrade Direct Investing app

Visit broker

Overall score
4/5
Minimum deposit
$0
Stock fee
Average
Options fee
High
Inactivity fee
yes
Account opening
1-3 days

Our main checklist for the Qtrade Direct Investing app

Let's start with the search functions. Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

Qtrade Direct Investing got the green light, meaning its search functions are reasonably good.

Qtrade Direct Investing checklist
Search functions
Great Mid-range Mid-range
2-step authentication
Yes No Yes
Biometric authentication
Yes Yes Yes
Price alerts in the app
No No Yes
Confirmation after successful trade
Yes Yes Yes

You cannot set price alerts in the Qtrade Direct Investing app. Yes, you can use a third-party app for this, but wouldn't it be much easier to have it in the broker's own app?

Visit broker

Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

Qtrade Direct Investing has these order types available in its app: Market, limit, stop limit, stop market, trailing stop market, trailing stop limit.

At Qtrade Direct Investing you can use the following order terms & expiry in the app: Good till time.

The Qtrade Direct Investing mobile app currently supports the following languages: English.

Visit broker

The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Oskar Golebiowski
Author of this article
Oskar is a former Canadian broker expert for BrokerChooser. Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.
×
I'd like to trade with...