Qtrade 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'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 mobile app vs. similar brokers
Qtrade RBC Direct Investing Questrade
Mobile app rating (5 is the best) 2.5 stars 0.7 stars 4.8 stars
User-friendliness Mid-range Poor Great
2-step authentication No No Yes
Biometric authentication No Yes Yes

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 review.

Qtrade app - Qtrade app

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Qtrade app
Our main checklist for the Qtrade 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 got the green light, meaning its search functions are reasonably good.

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

We hear horror stories almost every month about accounts being emptied out by hackers - the easiest thing you can do to prevent these attacks is to make your account secure by enabling 2-step authentication. That is, if your broker offers this service. We think it is a must. As Qtrade doesn't have this functionality, you might want to consider having a look at another trading platform.

We didn't like that you can't use biometric authentication to log in to the app. Most brokers have this function (e.g. via fingerprints or FaceID) to save you from having to type in your password every time, making it a convenient feature.

You cannot set price alerts in the Qtrade 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?

Qtrade app - Qtrade app search functions

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

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

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

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Qtrade app
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.

Author of this article

Oskar Golebiowski

Author of this article

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.

Oskar Golebiowski

Canadian broker expert

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

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