Compare Fidelity vs Qtrade


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

Fidelity vs Qtrade
overall rating
4.7
4.3
overall pros
  • Commission-free US stocks and ETFs
  • Great trading platforms and research
  • US and international stocks
  • Low trading fees
  • Easy account opening
  • Solid educational tools
overall cons
  • High mutual fund fees and margin rates
  • Slower account verification
  • Slow live chat
  • Only Canadian and US markets covered
  • Outdated mobile and web platform
  • Credit/debit cards, e-wallets not accepted
fees
4.1
  • Free stock and ETF trading
  • Low bond fees
  • No inactivity fee
  • High fees for non-free mutual funds
  • High margin fees
3.9
  • Low stock and ETF fees / Free stock trading
  • No mutual fund fees
  • Inactivity fee
  • Average options fees and margin rates
account opening
3.6
  • No minimum deposit
  • User-friendly
  • Many account types
  • Slower account verification
  • Not fully digital in some cases
4.4
  • Fully digital
  • No minimum deposit
  • Many account types
  • Account verification a bit slow
  • Only available to clients with valid Canadian SIN
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Electronic wallets not accepted
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)
  • Poor design
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
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
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • Loads bit slowly
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
3.1
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.9
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for desktop
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
  • Additional coverage by Fidelity
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Solid ownership background
  • 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 great trading platforms Investors, including beginners, who focus on the Canadian and US markets
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