Questrade Alternatives

The best alternatives to Questrade are

1. Qtrade Direct Investing - Canadian stockbroker
2. RBC Direct Investing - Canadian discount stockbroker
3. TD Ameritrade - US-based stockbroker
4. Interactive Brokers - International broker providing all asset classes

Let's see in a bit more detail how the Questrade alternatives compare to Questrade and each other:

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.

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 Direct Investing 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
• Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment

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. The amounts Questrade charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Questrade.

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!