FXTM
Qtrade Direct Investing
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders familiar with the MetaTrader platform
Recommended for Investors, including beginners, who focus on the Canadian and US markets
Cyprus
Canada
Fees
Average trading fees, high non-trading fees, low forex fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
4
2
Deposit type
Withdrawal type
Account opening
$50
$0
1 day
1-3 days
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Social Insurance Number, Government ID, Proof of Income, Investment e-Statements
Trading platform
Markets and products
Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Poor
Customer service
Security
£85,000 in the UK, €20,000 in other EU countries, no protection for residents of all other countries
CAD 1 million
2011
2000
Cyprus (and license from South Africa), UK, Mauritius
Canada
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
FXTM's service is on par with Qtrade Direct Investing's and a comparison of their fees shows that FXTM's fees are slightly lower than Qtrade Direct Investing's.
Account opening takes somewhat less effort at FXTM compared to Qtrade Direct Investing, deposit and withdrawal processes are more seamless at FXTM, while customer service quality is much better than Qtrade Direct Investing's.
Our experts rated the trading platform of FXTM as being of the same quality as the platform of Qtrade Direct Investing, found that clients have access to about the same number of markets and products with FXTM, while Qtrade Direct Investing provides somewhat lower-quality research and education.
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