Online brokers compared for fees, trading platforms, safety and more. See how Questrade stacks up against Saxo Bank!
Last update of data—Dec 2022
Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).
Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority).
Recommended for traders and investors focusing on the Canadian and US markets.
Recommended for investors and traders looking for a great trading platform and solid research.
Questrade
Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).
Recommended for traders and investors focusing on the Canadian and US markets.
Saxo Bank
Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority).
Recommended for investors and traders looking for a great trading platform and solid research.
Questrade's service is on par with Saxo Bank's and a comparison of their fees shows that Questrade's fees are similar to Saxo Bank's.
Account opening takes somewhat more effort at Questrade compared to Saxo Bank, deposit and withdrawal processes are more complicated at Questrade, while customer service quality is somewhat better than Saxo Bank's.
Our experts rated the trading platform of Questrade as somewhat worse than the platform of Saxo Bank, found that clients have access to slightly less markets and products with Questrade, while Saxo Bank provides just about the same quality of research and education.
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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