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Compare Interactive Brokers vs Questrade


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

Interactive Brokers vs Questrade
overall rating
4.8 / 5.0
4.3 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Superb customer service
  • Solid research tools
  • Great desktop trading platform
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Slow account opening process for international customers
  • High inactivity fee
  • No credit/debit cards
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
3 stars
  • No withdrawal fee
  • Transparent fee structure
  • Inactivity fee
  • High financing rate
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
2 stars
  • Full online and easy account opening for Canadian clients
  • Slow
  • Minimum deposit is higher than $500
  • Complicated account opening for non-Canadian clients
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
3 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • 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 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
4 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
  • No two-step (safer) login
markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
3 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
5 stars
  • Data on asset fundamentals
  • Quality news flow
  • User-friendly
  • Live streaming data only available for a paid subscription
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • Not available 24/7
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
3 stars
  • Demo account
  • Educational videos
  • Easy to understand
  • Educational videos not integrated
  • Structured educational section missing
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Regulated by 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 Traders who prefer low fees and a professional trading environment Traders and investors focusing on the Canadian and US markets