Compare Questrade vs Spreadex


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

Questrade vs Spreadex
overall rating
4.6
4.3
overall pros
  • Low stock and ETF fees
  • Solid research tools
  • Superb customer service
  • Low forex fees
  • Good web platform
  • Helpful customer service
overall cons
  • Slow account opening for non-Canadians
  • High withdrawal fee for non-Canadians
  • Limited account base currencies
  • Thin product selection
  • No desktop platform
  • Limited research and education tools
fees
3.8
  • Low non-trading fees
  • Low stock and ETF fees / Free stock trading
  • Low fund fees
  • High margin rates
4.2
  • Low forex fees
  • No inactivity fee
account opening
3.8
  • Fast
  • Fully digital
  • User-friendly
  • Minimum deposit is higher than $500
  • Complicated for non-Canadians
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower-than-average account verification
deposit and withdrawal
2.7
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawals
  • Non-Visa debit card not available
4.3
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in most cases
  • Average account currency selection
web trading platform
3.8
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No clear fee report available
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Good search function
  • Guaranteed stop
  • No two-step (safer) login
  • Available only in English
mobile trading platform
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
4.5
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • CFD
1.7
  • Forex
  • CFD
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Live data only available for paid subscription
1.9
  • Good financial/trading blog
  • No trading ideas
  • No/limited set of analytic tools
  • Limited fundamental data
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Educational section is hard to navigate
1.3
  • Trading platform tutorial
  • No demo account
  • No educational videos
  • No webinars
  • 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
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders and investors focusing on the Canadian and US markets Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options
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