Compare Qtrade vs Trade Nation


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

Qtrade vs Trade Nation
overall rating
4.3
4.4
overall pros
  • Low trading fees
  • Easy account opening
  • Solid educational tools
  • Free deposit and withdrawal
  • Excellent research and education tools
  • Good customer support
overall cons
  • Only Canadian and US markets covered
  • Outdated mobile and web platform
  • Credit/debit cards, e-wallets not accepted
  • Slim product portfolio
  • No live chat
  • Desktop platform lacks safer login
fees
3.9
  • Low stock and ETF fees / Free stock trading
  • No mutual fund fees
  • Inactivity fee
  • Average options fees and margin rates
3.5
  • No inactivity fee
  • Low stock and index CFD fees
  • High forex fees
  • Average trading fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Many account types
  • Account verification a bit slow
  • Only available to clients with valid Canadian SIN
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Electronic wallets not accepted
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Few minor account base currency available
web trading platform
3.0
  • Clear fee report
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • Poor design
4.5
  • User-friendly
  • Good search function
  • Guaranteed Stops
  • No two-step (safer) login
mobile trading platform
2.5
  • Good search function
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
4.3
  • User-friendly
  • Good search function
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
markets and products
2.7
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.5
  • Forex
  • CFD
  • Spread betting
research
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Limited interactive charting
  • No/limited set of analytic tools
4.3
  • Good interactive chart
  • Quality news flow
  • No fundamental data available
customer service
3.1
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Email
  • No live chat
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not updated regularly
5.0
  • Trading platform tutorial
  • Educational videos
  • Webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Solid ownership background
  • 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
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors, including beginners, who focus on the Canadian and US markets Spread, forex and CFD traders looking for a great trading platform and quality customer service
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