Qtrade Direct Investing vs TradeStation compared

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

Qtrade Direct Investing
TradeStation

Last update of dataNov 2022

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.

TradeStation

TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.

Recommended for traders focusing on US markets and buy-and-hold investing.

Qtrade Direct Investing's service is slightly weaker than TradeStation's and a comparison of their fees shows that Qtrade Direct Investing's fees are slightly higher than TradeStation's.

Account opening takes somewhat more effort at Qtrade Direct Investing compared to TradeStation, deposit and withdrawal processes are somewhat easier at Qtrade Direct Investing, while customer service quality is lower than TradeStation's.

Our experts rated the trading platform of Qtrade Direct Investing as somewhat worse than the platform of TradeStation, found that clients have access to about the same number of markets and products with Qtrade Direct Investing, while TradeStation provides 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
4.1

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

Overall Score
4.7

Recommended for Traders focusing on US markets and buy-and-hold investing

Country of origin

Canada

Country of origin

USA

Fees

Fees score
3.2
Fees score
4.2
Fees summary

Low trading and non-trading fees

Fees summary

Low trading fees, average non-trading fees, free stock and ETF trading for US customers

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
3.0
Deposit and withdrawal score
2.2
Number of base currencies

2

Number of base currencies

9

Deposit type

Withdrawal type

Account opening

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

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

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

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.5
Web platform score
3.8
Mobile platform score
3.0
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
2.3

Markets and products

Markets and products score
2.9
Markets and products score
3.2
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
3.0
Research score
4.3
Charting quality

Poor

Charting quality

Great

Education score
4.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
2.3
Customer service score
4.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

CAD 1 million

Investor protection amount

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

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

2000

Foundation date

1982

Country of regulation

Canada

Country of regulation

USA

Qtrade Direct Investing

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

TradeStation

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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