Questrade
Royal
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders and investors focusing on the Canadian and US markets
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform
Canada
Australia
Fees
Low trading and non-trading fees, low stock and ETF fees
Low forex, but high CFD 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
12
Deposit type
Withdrawal type
Account opening
$1000
$50
1 day
1 day
Proof of identity: national ID / driver's licence plus social insurance number for Canadians / tax identifier number for internationals
Proof of identity: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate
Trading platform
Markets and products
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 86.67% 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
Great
Mid-range
Customer service
Security
CAD 1 million
€20,000 for clients under CySEC
1999
2006
Canada
Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
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.
*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.
Questrade's service is slightly better than Royal's and a comparison of their fees shows that Questrade's fees are similar to Royal's.
Account opening takes more effort at Questrade compared to Royal, deposit and withdrawal processes are more complicated at Questrade, while customer service quality is similar to Royal's.
Our experts rated the trading platform of Questrade as somewhat better than the platform of Royal, found that clients have access to much more markets and products with Questrade, while Royal provides just about the same quality of research and education.