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Compare Qtrade vs Questrade


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

Qtrade vs Questrade
overall rating
4.3 / 5.0
4.5 / 5.0
overall pros
  • Great customer service
  • Easy account opening
  • Solid educational tools
  • Solid research tools
  • Great desktop trading platform
  • Superb customer service
overall cons
  • Only Canadian and US markets covered
  • Mobile and web platform are outdated
  • Credit/debit cards and electronic wallets are not provided
  • Slow account opening process for international customers
  • High inactivity fee
  • High withdrawal fee for non-Canadians
fees
4 stars
  • Low non-trading fees
  • Low stock and ETF fees
  • ~100 free ETFs
  • No mutual fund fees
  • High options fees
  • CAD 25 per quarter account fee
3 stars
  • Low stock and ETF fees
  • Low fund fees
  • No withdrawal fee inside Canada
  • Inactivity fee
account opening
4 stars
  • Fully digital
  • No minimum deposit
  • Many account types
  • 2-3 business days account opening
  • Only available to clients with valid Canadian SIN
4 stars
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
deposit and withdrawal
3 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Electronic wallets not available
3 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Few base currencies
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
web trading platform
3 stars
  • Clear fee report
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3 stars
  • Good search function
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
4 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
-
4 stars
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No two-step (safer) login
markets and products
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
4 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
research
3 stars
  • Trading ideas
  • Data on asset fundamentals
  • Limited interactive charting
  • No/limited set of analytic tools
5 stars
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live streaming data only available for a paid subscription
customer service
3 stars
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
  • Not 24/7
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not updated regularly
3 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Structured educational section missing
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Solid parent companies
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • CAD 10 million per account additional insurance
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors, including beginners, who focus on the Canadian and US markets Traders and investors focusing on the Canadian and US markets
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