Compare AvaTrade vs Questrade


Online brokers compared for fees, trading platforms, safety and more. See how AvaTrade stacks up against Questrade!

AvaTrade vs Questrade
overall rating
4.4
4.5
overall pros
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
  • Solid research tools
  • Great desktop trading platform
  • Superb customer service
overall cons
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • Slow account opening process for international customers
  • High inactivity fee
  • High withdrawal fee for non-Canadians
fees
3.4
  • Low trading fees
  • No withdrawal fee
  • High inactivity fees
  • FX trading fees are average
3.2
  • Low stock and ETF fees
  • Low fund fees
  • No withdrawal fee inside Canada
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Few base currencies
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
web trading platform
3.6
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
3.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
4.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
4.3
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
2.0
  • Forex
  • CFD
  • Crypto
3.6
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
4.8
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data for stocks
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live streaming data only available for a paid subscription
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
3.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Structured educational section missing
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for an option to use MetaTrader platforms Traders and investors focusing on the Canadian and US markets
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