City Index
Qtrade Direct Investing
Basic data of broker
Recommended for Forex and CFD traders looking for low forex fees and great research tools
Recommended for Investors, including beginners, who focus on the Canadian and US markets
UK
Canada
Fees
Low trading and average non-trading fees, high stock CFD fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
3
2
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement
Social Insurance Number, Government ID, Proof of Income, Investment e-Statements
Trading platform
Markets and products
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Poor
Customer service
Security
£85,000 for clients under FCA, no investor protection for other clients
CAD 1 million
1983
2000
UK, Australia, Singapore
Canada
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
City Index's service is on par with Qtrade Direct Investing's and a comparison of their fees shows that City Index's fees are similar to Qtrade Direct Investing's.
Account opening takes somewhat less effort at City Index compared to Qtrade Direct Investing, deposit and withdrawal processes are more seamless at City Index, while customer service quality is better than Qtrade Direct Investing's.
Our experts rated the trading platform of City Index as somewhat better than the platform of Qtrade Direct Investing, found that clients have access to slightly less markets and products with City Index, while Qtrade Direct Investing provides less useful research and education.
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