Qtrade Direct Investing
Saxo Bank
Basic data of broker
Recommended for Investors, including beginners, who focus on the Canadian and US markets
Recommended for Investors and traders looking for a great trading platform and solid research
Best forex broker
Canada
Denmark
Fees
Low trading and non-trading fees
Average trading and non-trading fees, low forex 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
2
26
Deposit type
Withdrawal type
Account opening
$0
$2000
1-3 days
1 day
Social Insurance Number, Government ID, Proof of Income, Investment e-Statements
Proof of identity: personal ID / passport / driver's licence Proof of residence: ID card / insurance card / utility bill / bank statement
Trading platform
Markets and products
Disclaimer: 67% 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
Poor
Great
Customer service
Security
CAD 1 million
€100,000 for cash and €20,000 for securities for most European clients; £85,000 for UK clients; CHF 100,000 for Swiss clients; HKD 500,000 for securities at Hong Kong entity; no protection for clients from Singapore, Japan and Australia
2000
1992
Canada
Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia
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.
Qtrade Direct Investing's service is slightly weaker than Saxo Bank's and a comparison of their fees shows that Qtrade Direct Investing's fees are similar to Saxo Bank's.
Account opening takes about the same effort at Qtrade Direct Investing compared to Saxo Bank, deposit and withdrawal processes are more complicated at Qtrade Direct Investing, while customer service quality is lower than Saxo Bank's.
Our experts rated the trading platform of Qtrade Direct Investing as less user-friendly than the platform of Saxo Bank, found that clients have access to less markets and products with Qtrade Direct Investing, while Saxo Bank provides better research and education.
More alternatives to Qtrade Direct Investing and Saxo Bank