Compare E*TRADE vs Qtrade


Online brokers compared for fees, trading platforms, safety and more. See how E*TRADE stacks up against Qtrade!

E*TRADE vs Qtrade
overall rating
4.9
4.3
overall pros
  • Low trading fees (free stock and ETF trading)
  • User-friendly mobile trading platform
  • Great research tools
  • Great customer service
  • Easy account opening
  • Solid educational tools
overall cons
  • Only US markets, no forex
  • Only bank transfer
  • Slow live chat
  • Only Canadian and US markets covered
  • Mobile and web platform are outdated
  • Credit/debit cards and electronic wallets are not provided
fees
4.4
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
3.8
  • Low non-trading fees
  • Low stock and ETF fees
  • ~100 free ETFs
  • No mutual fund fees
  • High options fees
  • CAD 25 per quarter account fee
account opening
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slow account verification
4.4
  • Fully digital
  • No minimum deposit
  • Many account types
  • 2-3 business days account opening
  • Only available to clients with valid Canadian SIN
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire transfer withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Electronic wallets not available
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3.0
  • Clear fee report
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
2.5
  • Good search function
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
desktop trading platform
markets and products
3.1
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
2.3
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Slow live chat and phone
3.1
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
  • Not 24/7
education
3.9
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for Power E*TRADE
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not updated regularly
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Solid parent companies
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research and a great mobile trading platform Investors, including beginners, who focus on the Canadian and US markets
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