Basic data of broker
Recommended for Traders looking for broad market access and a professional trading environment
Best online broker
Recommended for Traders and investors focusing on the Canadian and US markets
USA
Canada
Fees
Low trading and non-trading fees, free stock and ETF trading for US customers
Low trading and non-trading fees, low stock and ETF 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
23
2
Deposit type
Withdrawal type
Account opening
$0
$1000
1-3 days
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals
Trading platform
Markets and products
Disclaimer: 60.0% 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.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
£85k or $500k (up to $250k for cash) in the UK depending on the assets you hold; $500k (up to $250k) in the US; €20k (IB Ireland & Luxembourg) or €100k (IB Central Europe) in the EU, CAD 1 million in Canada; HKD 500k in Hong Kong
CAD 1 million
$500k (up to $250k on cash) to US clients. Check the description to see all protection.
CAD 1 million
1977
1999
USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
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.
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.
Interactive Brokers's service is slightly better than Questrade's and a comparison of their fees shows that Interactive Brokers's fees are slightly lower than Questrade's.
Account opening takes about the same effort at Interactive Brokers compared to Questrade, deposit and withdrawal processes are about the same quality at Interactive Brokers, while customer service quality is somewhat lower than Questrade's.
Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of Questrade, found that clients have access to slightly more markets and products with Interactive Brokers, while Questrade provides somewhat better research and education.
More alternatives to Interactive Brokers and Questrade