The best alternatives to Questrade are
- Qtrade - Canadian stockbroker
- RBC Direct Investing - Canadian discount stockbroker
- TD Ameritrade - US-based stockbroker
- Fineco Bank - Italian bank
Let's see in a bit more detail how the Questrade alternatives compare to Questrade and each other:
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| Overall score | 4.5 | 4.0 | 3.9 | 4.7 | 4.5 |
| Fees score | 3.6 stars | 3.5 stars | 3.5 stars | 4.2 stars | 3.4 stars |
| Account opening score | 3.5 stars | 4.2 stars | 3.7 stars | 3.7 stars | 4.2 stars |
| Deposit and withdrawal score | 2.7 stars | 3.0 stars | 2.4 stars | 1.9 stars | 3.3 stars |
| Web platform score | 3.8 stars | 3.5 stars | 2.9 stars | 4.3 stars | 4.3 stars |
| Markets and products score | 4.4 stars | 2.7 stars | 2.2 stars | 3.8 stars | 3.8 stars |
| Visit broker | Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to Questrade? There are many areas based on which Questrade can be compared with others. When we say a given online broker is a good alternative to Questrade we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.
Questrade alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Questrade is recommended for traders and investors focusing on the canadian and us markets
- Qtrade is recommended for investors, including beginners, who focus on the canadian and us markets
- RBC Direct Investing is recommended for investors, including beginners, focusing on the canadian and us markets
- TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
- Fineco Bank is recommended for traders and investors looking for a great trading platform and a broker with a solid background
Important factors of finding Questrade alternatives
So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Questrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Questrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Questrade alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Questrade this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Questrade, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Questrade alternative is a must.
Now let's dive into the details of how Questrade and its alternatives perform in the most important areas!
Questrade alternatives
Qtrade
Qtrade is a Canadian stockbroker founded in 2000. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
Qtrade is considered safe because it has a long track record, offers high-level investor protection and is overseen by a top-tier regulator.
Recommended for investors, including beginners, who focus on the canadian and us markets
| Pros | Cons |
|---|---|
| • Low trading fees | • Only Canadian and US markets covered |
| • Easy account opening | • Outdated mobile and web platform |
| • Solid educational tools | • Credit/debit cards, e-wallets not accepted |
Fees
Qtrade charges low fees for stocks, ETFs, bonds and mutual funds, but options fees are high and margin rates are average, and there is also a strict inactivity fee.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees / Free ETF trading | • Inactivity fee |
| • No mutual fund fees | • High options fees and averagemargin rates |
| Qtrade | Questrade | |
|---|---|---|
| Apple benchmark fee | $17.8 | $10.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | $7.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Qtrade has an easy and fully digital account opening process, with no minimum deposit and plenty of account types, but the account verification process is relatively slow.
| Pros | Cons |
|---|---|
| • Fully digital | • Account verification a bit slow |
| • No minimum deposit | • Only available to clients with valid Canadian SIN |
| • Many account types |
| Qtrade | Questrade | |
|---|---|---|
| Minimum deposit | $0 | $1,000 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Qtrade minimum deposit, this overview will help you.
Deposit and withdrawal
Qtrade offers user-friendly and free deposit and withdrawal. Unfortunately, your options for both are quite limited, as you can only use bank transfer.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Electronic wallets not accepted |
| • User-friendly |
| Qtrade | Questrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Qtrade has a basic web trading platform, with solid search, alert and order functions and portfolio reports. However, there's no two-step login, and the design feels outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good search function | • Limited customizability (for charts, workspace) |
| • Good variety of order types | • Poor design |
| Qtrade | Questrade | |
|---|---|---|
| Web platform score | 3.5 stars | 3.8 stars |
| Mobile platform score | 3.0 stars | 4.8 stars |
| Desktop platform score | - | 4.3 stars |
Learn more about Qtrade's web trading platform in the detailed Qtrade review.
Markets and products
Qtrade covers only the Canadian and US markets. You can trade basic asset classes like stocks, ETFs or mutual funds, but forex, futures, CFDs and cryptos are not available.
| Qtrade | Questrade | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | No | No |
| CFDs | No | Yes |
| Crypto | No | No |
Verdict
Qtrade offers competitive stock, ETF, bond, and mutual fund fees. The account opening process is easy and fully digital. Qtrade's education resources are outstanding, with many relevant and useful tools.
Qtrade does, however, have its downsides. The biggest one is its product portfolio, which covers only the US and Canadian markets. Other areas for improvement include missing credit/debit card and e-wallet integration for money transfers, and some bugs in its user interfaces.
Since Qtrade has great trading fees, easy account opening and top-quality educational tools, feel free to give it a try today.
| Qtrade | |
|---|---|
| Summary | Qtrade is a Canadian stockbroker regulated by the top-tier IIROC. |
| Fees score | 3.5 stars |
| Recommended for | Investors, including beginners, who focus on the Canadian and US markets |
Questrade alternatives
RBC Direct Investing
RBC Direct Investing is the brokerage division of the Royal Bank of Canada, which was founded in 1864. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).
RBC Direct Investing is considered very safe because it has a long track record, is listed on the stock exchange, has a banking background, discloses its financials and is regulated by a top-tier financial authority.
Recommended for investors, including beginners, focusing on the canadian and us markets
| Pros | Cons |
|---|---|
| • Quick, useful customer service | • Only US and Canadian markets covered |
| • Easy account opening in some cases | • Lack of withdrawal/deposit options |
| • High-quality educational tools | • Outdated mobile trading platform |
Fees
RBC Direct Investing has no mutual fund fees and low non-trading fees. However, withdrawals are only free for RBC banking clients, while there is also an account fee under a certain account balance.
| Pros | Cons |
|---|---|
| • No mutual fund trading fee | • Quarterly account fee |
| • No withdrawal fee for RBC clients | • High withdrawal fee for non-RBC clients |
| RBC Direct Investing | Questrade | |
|---|---|---|
| Apple benchmark fee | $16.2 | $10.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | $7.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
RBC Direct Investing has an easy, fully digital and fast account opening, with no minimum deposit. However, account opening for non-RBC bank clients is more complicated.
| Pros | Cons |
|---|---|
| • Fully digital | • Account opening complicated for non-RBC bank account holders |
| • No minimum deposit |
| RBC Direct Investing | Questrade | |
|---|---|---|
| Minimum deposit | $0 | $1,000 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in RBC Direct Investing minimum deposit, this overview will help you.
Deposit and withdrawal
Withdrawals and deposits are free if you have a bank account with RBC. On the other hand, credit/debit cards and electronic wallets are not available and most withdrawal options carry a fee if you are not an RBC bank client.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • User-friendly | • Fewer withdrawal and deposit options for non-RBC clients |
| • Free withdrawal for clients with RBC bank account |
| RBC Direct Investing | Questrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
RBC Direct Investing does a great job of covering the basics, and has clear fee reports. On the other hand, there is no two-step login and the design feels outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Price alerts | • Limited customizability (for charts, workspace) |
| • Outdated design |
| RBC Direct Investing | Questrade | |
|---|---|---|
| Web platform score | 2.9 stars | 3.8 stars |
| Mobile platform score | 0.7 stars | 4.8 stars |
| Desktop platform score | - | 4.3 stars |
Learn more about RBC Direct Investing's web trading platform in the detailed RBC Direct Investing review.
Markets and products
You can trade multiple asset types, but some important ones like forex or CFDs are not available. The offering is also limited to the Canadian and US markets.
| RBC Direct Investing | Questrade | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | No | No |
| CFDs | No | Yes |
| Crypto | No | No |
Verdict
RBC Direct Investing is regulated by the top-tier IIROC. Its parent company, the Royal Bank of Canada has a banking license and is listed on the stock exchange. It offers an easy, fully digital and fast account opening for clients who already bank with RBC. Education resources are outstanding, providing a lot of relevant and useful tools. Customer service provides fast and relevant answers.
There are some drawbacks, though. The product portfolio covers only the US and Canadian markets, you can't use credit/debit cards or electronic wallets for money transfer, and the mobile app is in desperate need of an update.
Overall, since RBC Direct Investing has great account opening, advanced research and education tools, feel free to give them a try.
| RBC Direct Investing | |
|---|---|
| Summary | RBC Direct Investing is a Canadian stockbroker regulated by the top-tier IIROC. |
| Fees score | 3.5 stars |
| Recommended for | Investors, including beginners, focusing on the Canadian and US markets |
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Questrade alternatives
TD Ameritrade
If you are an experienced trader looking for solid research and a well-equipped desktop trading platform, we definitely recommend TD Ameritrade.
Founded in 1975, TD is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).
This online broker is considered safe as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is overseen by top-tier regulators.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| Pros | Cons |
|---|---|
| • Low trading fees (free stock and ETF trading) | • You can trade only on US markets |
| • Superb desktop trading platform | • Accounts mostly limited to US residents |
| • Great customer support | • No credit/debit cards and electronic wallets for money transfer |
Fees
TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
| Pros | Cons |
|---|---|
| • Low trading fees | • High fund fees |
| • Low non-trading fees | |
| • Free stocks and ETFs |
| TD Ameritrade | Questrade | |
|---|---|---|
| Apple benchmark fee | $0.3 | $10.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | $7.0 | $7.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
TD Ameritrade offers many different account types and there is no minimum deposit for US citizens.
| Pros | Cons |
|---|---|
| • Fully digital | None |
| • No minimum deposit | |
| • Many account types |
| TD Ameritrade | Questrade | |
|---|---|---|
| Minimum deposit | $0 | $1,000 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in TD Ameritrade minimum deposit, this overview will help you.
Deposit and withdrawal
The account funding is user-friendly with no deposit fees; however, USD is the only available base currency and wire transfers incur a high fee.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Only one account base currency |
| • User-friendly | • High withdrawal fee for wire transfers |
| TD Ameritrade | Questrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
TD Ameritrade offers a good web trading platform with a clean design. On the flip side, the platform is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Two-step (safer) login | |
| • Good variety of order types |
| TD Ameritrade | Questrade | |
|---|---|---|
| Web platform score | 4.3 stars | 3.8 stars |
| Mobile platform score | 4.8 stars | 4.8 stars |
| Desktop platform score | 4.5 stars | 4.3 stars |
Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.
Markets and products
You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
| TD Ameritrade | Questrade | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | No |
| CFDs | No | Yes |
| Crypto | Yes | No |
Verdict
TD is one of the biggest US online brokers and it charges no commission on stock and ETF trades.
Research and education are outstanding, the thinkorswim desktop platform is one of the best on the market, and customer service is great.
There are a few drawbacks, most notably high financing (margin) rates, and the fact that credit/debit cards and electronic wallets are not accepted for money transfers. Furthermore, the product portfolio covers only US markets.
We definitely recommend giving TD a try, especially as their education tools include a demo account.
| TD Ameritrade | |
|---|---|
| Summary | TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023. |
| Fees score | 4.2 stars |
| Recommended for | Investors and traders looking for solid research and a well-equipped desktop trading platform |
Questrade alternatives
Fineco Bank
Fineco Bank is an Italian bank, founded in 1999. It is regulated by the Bank of Italy, the Commissione Nazionale per le Società e la Borsa (Consob), and also subject to limited regulation by the UK's Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).
Fineco Bank has a banking license, is listed on the Italian stock exchange (Borsa Italiana), and is a constituent of the STOXX Europe 600 stock index.
At the time of our review, Fineco Bank accepted customers from the UK and Italy only. The service is slightly different for UK and Italian customers, e.g. fees are different. In this review, we tested the company's UK services, but we'll highlight all relevant information for Italian customers as well.
Fineco Bank is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, and discloses its financials transparently.
Recommended for traders and investors looking for a great trading platform and a broker with a solid background
| Pros | Cons |
|---|---|
| • Low non-trading fees | • Only bank transfer for deposit |
| • Great mobile trading platform | • Limited educational tools |
| • Rock-solid background | • Poor charting tools |
Fees
Fineco Bank has low stock and ETF fees, and no inactivity or withdrawal fees. However, forex fees are high, and holding positions overnight (i.e. financing rates) are also expensive.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • High forex and options fees |
| • Low stock and ETF fees / Free stock trading | • High fees for CFD overnight positions |
| • Low fund fees |
| Fineco Bank | Questrade | |
|---|---|---|
| Apple benchmark fee | $8.2 | $10.2 |
| Vodafone benchmark fee | $9.0 | - |
| EURUSD benchmark fee | $17.3 | $7.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Fineco Bank's account opening is fully digital, and no minimum deposit is required. Account verification can be on the slow side, taking as much as 2 business days.
| Pros | Cons |
|---|---|
| • Fully digital | • Slightly slow account verification |
| • No minimum deposit |
| Fineco Bank | Questrade | |
|---|---|---|
| Minimum deposit | $0 | $1,000 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Fineco Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Fineco Bank offers a great variety of account base currencies, and deposits are free. On the negative side, you can't use credit/debit cards or electronic wallets for deposit.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card deposit not possible |
| • Several account base currencies | • Electronic wallets not accepted |
| • Free withdrawal in most cases |
| Fineco Bank | Questrade | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | No |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Fineco Bank has a great web trading platform. It's well-designed and offers many features, including a convenient search function. However, the platform is not customizable.
| Pros | Cons |
|---|---|
| • Good search function | • Limited customizability (for charts, workspace) |
| • Good variety of order types | |
| • Modern design |
| Fineco Bank | Questrade | |
|---|---|---|
| Web platform score | 4.3 stars | 3.8 stars |
| Mobile platform score | 4.7 stars | 4.8 stars |
| Desktop platform score | 2.7 stars | 4.3 stars |
Learn more about Fineco Bank's web trading platform in the detailed Fineco Bank review.
Markets and products
Fineco Bank has a wide product portfolio; from real stocks to CFDs, you can trade many asset classes. However, its selection of mutual funds and certain derivatives is limited.
| Fineco Bank | Questrade | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | No |
| CFDs | Yes | Yes |
| Crypto | No | No |
Verdict
Fineco Bank is a great service provider for trading and investing. It has a solid background as a bank, and its status is further strengthened by its listing on the Borsa Italiana. It is also a constituent of the Stoxx Europe 600 stock index.
Fineco Bank has low non-trading fees: there is no fee for inactivity, deposit or withdrawal. We also liked Fineco's mobile trading platform because of its user-friendliness.
However, Fineco Bank's deposit options, educational material and charting tools are limited.
As you can trade many products at a low cost and no inactivity fee is charged, feel free to give Fineco Bank's brokerage service a try.
| Fineco Bank | |
|---|---|
| Summary | Fineco Bank is an Italian stockbroker and bank, regulated by the Bank of Italy, Consob, and subject to limited regulation by the top-tier FCA and PRA. Fineco is listed on the Borsa Italiana and is included in the STOXX Europe 600 stock index. |
| Fees score | 3.4 stars |
| Recommended for | Traders and investors looking for a great trading platform and a broker with a solid background |
Questrade alternatives
Questrade
Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).
Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.
Recommended for traders and investors focusing on the canadian and us markets
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • Slow account opening for non-Canadians |
| • Solid research tools | • High withdrawal fee for non-Canadians |
| • Superb customer service | • Limited account base currencies |
Fees
Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, margin rates are slightly at the higher end.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • High margin rates |
| • Low stock and ETF fees / Free stock trading | |
| • Low fund fees |
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| US stock | $5.0 | $8.8 | $8.0 | $0.0 | $4.0 |
| UK stock | - | - | - | - | $4.1 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
For Canadian citizens, opening an account at Questrade is easy and fully digital. However, there is a high minimum deposit of $1,000.
| Pros | Cons |
|---|---|
| • Fast | • Minimum deposit is higher than $500 |
| • Fully digital | • Complicated for non-Canadians |
| • User-friendly |
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| Minimum deposit | $1,000 | $0 | $0 | $0 | $0 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1-3 days | 1-3 days |
Learn more about Questrade minimum deposit here.
Deposit and withdrawal
Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and non-Visa debit cards are not available.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Slow withdrawal - over 3 days |
| • No deposit fee | • High fee for wire withdrawals |
| • User-friendly | • Non-Visa debit card not available |
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | Yes |
| Electronic wallets | Yes | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
Questrade's web trading platform offers a simple, intuitive design, a wide variety of order types and price alerts. However, its customizability is limited and the fee reports are not clear.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good variety of order types | • Limited customizability (for charts, workspace) |
| • Price alerts |
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| Web platform score | 3.8 stars | 3.5 stars | 2.9 stars | 4.3 stars | 4.3 stars |
| Mobile platform score | 4.8 stars | 3.0 stars | 0.7 stars | 4.8 stars | 4.7 stars |
| Desktop platform score | 4.3 stars | - | - | 4.5 stars | 2.7 stars |
Learn more about Questrade's web trading platform in the detailed Questrade review.
Markets and products
At Questrade, you can trade almost all asset classes except futures and cryptos. The product portfolio covers only the US and Canadian markets, though.
| Questrade | Qtrade | RBC Direct Investing | TD Ameritrade | Fineco Bank | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | Yes | No | No | Yes | Yes |
| Funds | Yes | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes | Yes |
| Futures | No | No | No | Yes | Yes |
| CFDs | Yes | No | No | No | Yes |
| Crypto | No | No | No | Yes | No |
Verdict
Questrade is among the fastest-growing online brokerage firms in Canada. Its stock and ETF fees are low, research tools are advanced and customer service is outstanding.
Questrade has some shortcomings as well. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming if you are not Canadian. You can face high withdrawal fees if you are not a Canadian citizen and there are only USD and CAD as account base currencies.
Since Questrade has advanced research tools and offers great customer service, feel free to give it a try.
| Questrade | |
|---|---|
| Summary | Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF). |
| Fees score | 3.6 stars |
| Recommended for | Traders and investors focusing on the Canadian and US markets |
Questrade alternatives
Bottom line
Based on our analysis, there are several good alternatives to Questrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Questrade | Canadian stockbroker | Traders and investors focusing on the Canadian and US markets |
| Qtrade | Canadian stockbroker | Investors, including beginners, who focus on the Canadian and US markets |
| RBC Direct Investing | Canadian discount stockbroker | Investors, including beginners, focusing on the Canadian and US markets |
| TD Ameritrade | US-based stockbroker | Investors and traders looking for solid research and a well-equipped desktop trading platform |
| Fineco Bank | Italian bank | Traders and investors looking for a great trading platform and a broker with a solid background |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
