Qtrade Direct Investing Logo

Is Qtrade Direct Investing safe and legit?

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

Qtrade Direct Investing is not a scam

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years.

You can rest assured, Qtrade Direct Investing is considered reliable as it is regulated by the top-tier CIRO in Canada.

Top reasons why Qtrade Direct Investing is a safe and reliable choice
Oskar
Oskar Golebiowski

I have personally tested dozens of brokers and helped people who have fallen victim to fraudulent brokers. Our team tracks 30,000+ brokers globally with a special focus on their safety profile. Here are the key reasons I consider Qtrade Direct Investing a safe option:

  • Qtrade Direct Investing is regulated by at least one top-tier regulator.
  • We thoroughly tested the services of Qtrade Direct Investing.
  • Qtrade Direct Investing’s clients most likely have access to investor protection.
  • Qtrade Direct Investing has a strong track record in the industry.
BrokerChooser score
4.0 4.0 /5
Visit broker

Qtrade Direct Investing is regulated by at least one top-tier regulator

Brokers overseen by top-tier regulators are legally required to meet very strict rules designed to protect their clients’ money. Non-compliance with these rules typically results in the loss of their license to operate. Brokers overseen by top-tier regulators are seldom - if ever - scams.

They must keep clients’ money segregated from their operational funds, offer fair fees and prices as well as provide transparent trade execution. Top-tier oversight curbs fraud and manipulation through regular audits, licensing requirements, and steep penalties for violations.

We compiled a list of all the regulators that supervise Qtrade Direct Investing:

  • Canada - Canadian Investment Regulatory Organization (CIRO)

We thoroughly tested the services of Qtrade Direct Investing

We tested every aspect of Qtrade Direct Investing’s services using a combination of automated analysis and manual verification with real money. We conducted real trades on the broker’s trading platforms, deposited and withdrew money, and contacted customer service through all available channels. Check out our findings and assessments in the full review of Qtrade Direct Investing.

We put special emphasis on the safety profile of the brokers we evaluate and analyze 33 safety related data points at each. Our team maintains a comprehensive database with over 32,000 brokers and collects detailed information on each to identify legitimate businesses versus fraudulent operations.

This database powers our unique Scam Broker Shield tool that allows users to instantly verify a broker's trustworthiness. Simply enter the broker's name into the search bar to check their legitimacy.

We regularly investigate user reports of scam brokers and if we confirm the broker is fraudulent, we update our records.

Qtrade Direct Investing’s clients most likely have access to investor protection

As a client of Qtrade Direct Investing you will have access to the investor protection program provided in the country where the broker operates.

These programs provide compensation to clients in the event a broker becomes insolvent and is unable to return investments. Check out the following table to see the investor protection amounts that you have access if you sign up with Qtrade Direct Investing.

Qtrade Direct Investing investor protection
Investor protection amount: CAD 1 million

Qtrade Direct Investing has a strong track record in the industry

In addition to regulatory oversight and investor protection, the length and spotlessness of a broker’s track record are also key indicators as to its safety.

Qtrade Direct Investing is a reliable industry player that has not been involved in any major scandals.

Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity.

Check out some additional safety features of Qtrade Direct Investing in the table below:

Qtrade Direct Investing snapshot
🌎 Country of origin Canada
📅 Foundation date 2,000
🏛 Banking background No
📈 Listed on exchange No
🗺️ Broker ownership is transparent No
👔 Broker management is transparent No
📋 Read more Check out the Qtrade Direct Investing review for 2024

Data updated on January 24, 2024

Warning: Be alert to cloned websites impersonating trusted brokers such as Qtrade Direct Investing. These fraudulent sites bear a strong resemblance to the legitimate broker's web page but they are scams. Avoid using links from forums or unverified sources and double-check the URL before making any deposits. To be on the safe side, use this link to Qtrade Direct Investing, which was tested and verified by BrokerChooser.

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

Further reading

Author of this article

Oskar Golebiowski
Oskar Golebiowski

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.

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.

Follow us

Regional settings

×
I'd like to trade with...