Compare Fineco Bank vs Qtrade


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

Fineco Bank vs Qtrade
overall rating
4.7
4.3
overall pros
  • Low non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Low trading fees
  • Easy account opening
  • Solid educational tools
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • Only Canadian and US markets covered
  • Outdated mobile and web platform
  • Credit/debit cards, e-wallets not accepted
fees
3.5
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex and options fees
  • High fees for CFD overnight positions
3.8
  • Low stock and ETF fees
  • No mutual fund fees
  • Inactivity fee
  • Average options fees and margin rates
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Slightly slow account verification
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
3.3
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card deposit not possible
  • Electronic wallets not accepted
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Electronic wallets not accepted
web trading platform
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • 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
4.7
  • User-friendly
  • Good search function
  • Modern design
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
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
3.1
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Educational videos
  • Webinars
  • No demo account
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not updated regularly
  • High level of investor protection
  • Banking background
  • 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 Traders and investors looking for a great trading platform and a broker with a solid background Investors, including beginners, who focus on the Canadian and US markets
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