Compare Fidelity vs Questrade


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

Fidelity vs Questrade
overall rating
4.9
4.6
overall pros
  • Commission-free US stocks and ETFs
  • Great trading platforms and research
  • US and international stocks
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
overall cons
  • High mutual fund fees and margin rates
  • Slower account verification
  • Slow live chat
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
fees
4.2
  • Free stock and ETF trading
  • Low bond fees
  • No inactivity fee
  • High fees for non-free mutual funds
  • High margin fees
3.7
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High options fees
  • High CFD fees
  • High margin rates
account opening
3.6
  • No minimum deposit
  • User-friendly
  • Many account types
  • Slower account verification
  • Not fully digital in some cases
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • 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
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
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
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
4.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
4.5
  • Phone support
  • Live chat
  • Fast response time
  • 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
  • Educational section is hard to navigate
  • 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
  • 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 great trading platforms Traders and investors focusing on the Canadian and US markets
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