Qtrade Direct Investing vs XTB compared

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

Qtrade Direct Investing
XTB
76% of retail CFD accounts lose money

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.

XTB

XTB is a global CFD broker, listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA.

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service.

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

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

Our experts rated the trading platform of Qtrade Direct Investing as less user-friendly than the platform of XTB, found that clients have access to slightly less markets and products with Qtrade Direct Investing, while XTB 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
4.8

Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Best CFD broker

Country of origin

Canada

Country of origin

Poland

Fees

Fees score
3.2
Fees score
4.3
Fees summary

Low trading and non-trading fees

Fees summary

Low forex, average non-trading fees, high stock CFD 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
3.0
Deposit and withdrawal score
4.5
Number of base currencies

2

Number of base currencies

5

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
4.4
Mobile platform score
3.0
Mobile platform score
4.4
Desktop platform score
-
Desktop platform score
4.4

Markets and products

Markets and products score
2.9
Markets and products score
3.9
Stocks
Stocks
*
*
Fractional shares
Fractional shares
*
*
ETFs
ETFs
*
*
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 76% 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

Research score
3.0
Research score
4.8
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
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

CAD 1 million

Investor protection amount

£85k for UK clients, €20k for clients under CySEC and CNMV, €22k for other European clients, and no protection for other customers

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

2000

Foundation date

2002

Country of regulation

Canada

Country of regulation

UK, Poland, Cyprus, Spain, Belize, Dubai

Qtrade Direct Investing

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

XTB

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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