Compare E*TRADE vs Questrade


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

E*TRADE vs Questrade
overall rating
4.8
4.5
overall pros
  • Low trading fees (free stock and ETF trading)
  • User-friendly mobile trading platform
  • Great research tools
  • Solid research tools
  • Great desktop trading platform
  • Superb customer service
overall cons
  • Only US markets, no forex
  • Only bank transfer
  • Slow customer support
  • Slow account opening process for international customers
  • High inactivity fee
  • High withdrawal fee for non-Canadians
fees
4.4
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • Higher fees for non-free mutual funds
3.2
  • Low stock and ETF fees
  • Low fund fees
  • No withdrawal fee inside Canada
  • Inactivity fee
account opening
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slow
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire transfer withdrawal
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
4.0
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
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
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
4.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
3.6
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live streaming data only available for a paid subscription
customer service
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Extremely slow live chat and phone
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
3.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Structured educational section missing
  • 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
  • CAD 10 million per account additional insurance
  • 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 Traders and investors focusing on the Canadian and US markets
×