Passfolio vs Qtrade Direct Investing compared

Online brokers compared for fees, trading platforms, safety and more. See how Passfolio stacks up against Qtrade Direct Investing!

Passfolio
Qtrade Direct Investing
Passfolio
4.5
Qtrade Direct Investing
4.0

Last update of dataSep 2022

Passfolio

Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.

Recommended for beginners and long-term investors focusing on the US stock market.

Qtrade Direct Investing

Qtrade is a Canadian stockbroker regulated by the top-tier IIROC.

Recommended for investors, including beginners, who focus on the Canadian and US markets.

Passfolio's service is slightly better than Qtrade Direct Investing's and a comparison of their fees shows that Passfolio's fees are slightly lower than Qtrade Direct Investing's.

Account opening takes somewhat less effort at Passfolio compared to Qtrade Direct Investing, deposit and withdrawal processes are about the same quality at Passfolio, while customer service quality is much better than Qtrade Direct Investing's.

Our experts rated the trading platform of Passfolio as better than the platform of Qtrade Direct Investing, found that clients have access to slightly less markets and products with Passfolio, while Qtrade Direct Investing provides somewhat better research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Beginners and long-term investors focusing on the US stock market

Overall Score
4.0

Recommended for Investors, including beginners, who focus on the Canadian and US markets

Country of origin

USA

Country of origin

Canada

Fees

Fees score
4.3
Fees score
3.4
Fees summary

Free stock and ETF trading, average non-trading fees

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.8
Deposit and withdrawal score
3.0
Number of base currencies

1

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: national ID / passport / driver's license / residence permit

Required documents

Social Insurance Number, Government ID, Proof of Income, Investment e-Statements

Trading platform

Web platform score
3.8
Web platform score
3.5
Mobile platform score
4.8
Mobile platform score
3.0
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.2
Markets and products score
2.7
Stocks
Stocks
Fractional shares
*
*
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
2.3
Research score
2.9
Charting quality

Poor

Charting quality

Poor

Education score
2.5
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
3.5
Customer service score
0.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

CAD 1 million

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2018

Foundation date

2000

Country of regulation

USA

Country of regulation

Canada

Passfolio

For detailed information and hands-on experience, read our review of this broker.

Qtrade Direct Investing

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.

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